Image by Michael Giuffrida about Finance

Should I ask my family to make an investment in my business?

Financing a small business can be very difficult and very stressful.  When you have a great idea and want to get started, you need to determine how much startup capital you will need, and you will likely need more than you anticipate.  It you have family members with financial means, it can be tempting to Read more about Should I ask my family to make an investment in my business?[…]

Image by Michael Giuffrida about Finance

When should I look for bank financing for my business?

When most small businesses owners hand their shingle, they have a certain amount of money they plan on using to get started.  Perhaps it is money they have saved or borrowed from friends and family but in any case, it is usually limited.  While not true in every case, a business often takes longer to Read more about When should I look for bank financing for my business?[…]

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Unlimited vacation time? Really???

There is a trend in small businesses to offer employees unlimited vacation time.  The reality is that for many small businesses, they would essentially do this for their good employees anyway.  While there is usually a policy that indicates how many days or weeks an employee would get, if you have employees who are going Read more about Unlimited vacation time? Really???[…]

Image by Michael Giuffrida about Finance

How do I track expenses when I am on the road?

One of the easiest downfalls in a new business is forgetting what you spent and losing receipts.  If you fail to properly record your expenses, you will miss out on tax deductions as well as lose sight of what it takes to properly deliver your product or service.  Fortunately, the days of the shoe-box of Read more about How do I track expenses when I am on the road?[…]

Image by Michael Giuffrida about Finance

How do I track income and expenses in my new small business?

When you start your own business, it is easy to get overwhelmed with the paperwork involved in running the “business” part of the business.  Staying ahead of the accounting is critical at this point because falling behind will create a nightmare mess to be cleaned up later.  While you can start by tracking your income Read more about How do I track income and expenses in my new small business?[…]

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What company structure should I register?

Once you have your great idea or decided that you want to go out on your own, you have to decide what type of organization you want to be.  S Corporation? C Corporation? Limited Liability Company? Sole Proprietorship?  There is no single right answer to this question but there are lots of resources out there Read more about What company structure should I register?[…]