Four million.
That’s the number of new businesses registered in the United States in 2020 alone.
But does that mean that expanding a business right now…
How to successfully turn your business into a franchise
Why profit planning is important for your small business
All business owners go into business intending to make a profit. But profit doesn’t just happen. It also needs to be properly planned for. In this article, we’ll explain what profit planning is, what the benefits are of profit planning, and some suggestions for getting the most out of your plan…
10 ways you should invest your company’s first profits
You may have heard of the tradition of saving your first dollar from your first sale. Mom and pop stores have them framed near cash registers or tucked lovingly into office drawers. It serves as a symbol for the toil and joy of building a business.
So you’ve earned your first dollar(s), and now you’re wondering…
Is zero-based budgeting right for your business?
Zero-based budgeting is a way to wipe the slate clean. Frequently used in tandem with a strategic plan, zero budgets help businesses align their goals to their expenses, removing any expenses that don’t fit in their plan.
Learn more about zero-based budgeting, its advantages, and disadvantages, and see if this approach may be right for your business…
Consider this before hiring a business coach
Congratulations on your decision to go into business for yourself! Now that you've taken the risk, there are a few things you want to pay attention to. For many entrepreneurs, the concept of being your own boss is simple, but how to do that not so much. It's natural to want to seek help...
How to Create a Master Budget for Your Business
A master budget is a series of smaller budgets that are rolled up into one larger budget to provide a more comprehensive view of your business.
Combining an operating budget with a financial budget, a master budget is typically prepared for the upcoming year, and it can also be a...