8 Financial Management Strategies Every Small Business Owner Should Know
Running a small business isn’t just about offering great products or services—it’s about ensuring the numbers work in your favor. Financial management for small businesses is the backbone of long-term success, helping owners stay profitable, plan for growth, and avoid common financial mistakes. But let’s be real: managing cash flow, keeping up with taxes, and […]
What is Financial Restructuring? A Guide for Struggling Businesses
When a company announces a restructuring, it often sparks concern—employees worry about layoffs, creditors brace for changes, and investors question stability. But restructuring isn’t always a sign of impending failure. It can be a powerful tool to stabilize, streamline, and strengthen a business. So, what is financial restructuring, and how does it fit into the […]
Business Debt vs Personal Debt: Key Differences Every Owner Should Know
Mismanaging finances—whether personal or business—can create serious challenges. The key to avoiding these challenges is understanding the differences between business debt and personal debt, as well as learning how to manage each effectively. With the right approach, you can make smarter financial decisions that protect both your professional ventures and personal stability. In this guide, […]
10 Common Financial Mistakes That Can Hurt Your Business
Managing your business’s finances involves more than tracking numbers and requires decisions that can drive growth or hold you back. Business financial mistakes often slip under the radar but can have long-lasting consequences, from cash flow crises to missed growth opportunities. Recognizing and avoiding these errors can keep your business on track for success. Here […]
Merchant Cash Advance Explained: Pros, Cons, and How It Works
When your business needs funding quickly, the number of options can feel overwhelming. Traditional loans might not be available, especially if your credit score isn’t perfect, revenue fluctuates, or you lack sufficient collateral. This is where a Merchant Cash Advance (MCA) may be a substitute. In this article, we’ll break down what a merchant cash […]
Covid 19: Changes To SBA PPP Guidelines
Great news for the smallest business owners: starting Wednesday (02/24/21), there will be a 2 week period allowing only businesses with fewer than 20 employees to apply for PPP benefits and relief through this program. Here is a brief summary of all the new changes to the PPP Guidelines being implemented: Institute a 14-day period, […]
WHAT ARE YOUR 2021 GOALS?
As we head into February, it’s not too late to complete your 2021 strategic plan, including goals & KPIs. Key Performance Indicators—or “KPIs”—are select data points originated from financial and operational workflows, and displayed on your company dashboard. All successful businesses track and manage KPIs. Selecting the appropriate KPIs to track in your small business […]
Tax Season is Here Once Again
Happy New Year! We hope that you had a wonderful holiday season and—like us—are eager to get back to business! As we move into 2021, it is so easy to think that once you have completed your 1099s or issued W2’s, there is plenty of time to prepare and file tax returns. However, deadlines are […]
Got Bankruptcy On Your Mind?
Reevaluate Rather than React It has certainly been a challenging time for many of us. If you are facing a pile of bills and possible harassing collection calls, it might seem like filing bankruptcy is your only option. But it is not. Many of our clients have come to us with the same question: should […]
Don’t Forget To Apply For PPP Forgiveness
For many of you, the end of your 10-month deferral for your PPP loan is quickly approaching. Many lenders have already opened applications for PPP loan forgiveness. So now is the time to think about applying for forgiveness, but is it the right time to actually apply? There are numerous things to consider before applying […]