Since reading “Found Money, Simple Strategies to Uncover the Hidden Profit and Cash Flow in Your Business” I have developed an enormous man crush on Steve [...]
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Since reading “Found Money, Simple Strategies to Uncover the Hidden Profit and Cash Flow in Your Business” I have developed an enormous man crush on Steve [...] Finding a great accountant who can help you grow your small business can be as tough as finding talent finding talent on American Idol; too many accountants are so focused on crunching numbers that they do nothing to explain why those numbers are so important to your [...] Cash is the lifeblood of business and understanding how the statement of cash flows works is essential for every aspiring Richard Branson or Mark Zuckerman. Putting together your cash flow statement can be tricky for the newbie but is actually very easily mastered with this simple [...] For a business to be successful, i.e. put money in its owner’s pockets, it is not enough that it be profitable, it must also be cash flow positive. [...] How much are you worth? Many self-made business people, famously including Robert Kiyosaki in his best-selling blockbuster “Rich Dad’s Prophecy,” emphasize the importance of creating a personal financial statement to help the entrepreneur track their income and change in net worth. [...] The internet is the El Dorado of the twenty-first century. Lured by the siren call of easy money to be made, millions have tried their luck and a fortunate few have gone on to make the really huge bucks. So how do you go about getting your own heaping slice of the internet [...] For the Newbie businessperson finances and accounting can be intimidating and too often frustrating. Fortunately, there are a number of excellent tools out there to help out and with a little bit of basic accounting knowledge you can turn this task into an incredibly useful tool to grow your [...] Setting sail from the safe harbors of being an employee and sailing into the unknown waters of self-employment can be intimidating. One of the biggest hassles is complying with the incredible amounts of government regulation; all of the sudden you have sales tax to collect, payroll taxes to pay, estimated federal and state income taxes and a plethora of other [...] Retained earnings are a fuzzy concept, after all you can’t drop them on your foot or use them in any way. And yet retained earnings are the glue that hold your accounting reports together, if you don’t maintain the integrity of the retained earnings then your balance sheet is just a piece of paper with funny marks on it. Calculating retained earnings is an intellectually simple process that is easy in concept but can cause many complications in [...] |
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