If accounting makes your head spin, you’re not alone. Many entrepreneurs feel this way—and rightfully so! It’s a complicated field, after all. But don’t worry, in this article, you won’t actually be doing any math (whew!). Instead, we’ll teach you some basic accounting terms you need to know in order to talk shop with…
Nobody wants to see their dream go up in flames, but that’s precisely what can happen to small business owners who burn money on unnecessary expenses. In this article, we go over 5 big ways small businesses waste money so you can avoid making these costly mistakes. 1. Office Space We get it; having…
So you’re tired of the 9-5 grind and you want to be your own boss. Welcome to the club of over 31 million American entrepreneurs! But before you make that leap, you should be prepared for the reality of entrepreneurship, because truth be told, it’s a lot different than what’s shown on TV. The…
Many small business owners view bookkeeping as a necessary evil. But the truth is, bookkeeping can either be your greatest friend or your biggest foe. When done correctly, accurate financial records can be used to measure success and guide future business decisions. When done incorrectly, however, the consequences can be severe, with penalties that may…