[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="grid" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Sometimes we just need to slow down. It could be our body telling us it needs a break. It could be our mind experiencing the first signs of burnout. Even if you own your own business, you are subject to burnout, especially if you are a people...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="grid" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]As business owners, we’d like to think that we make rational, logical decisions when it comes to our business finances. However, scientists have discovered that we have built-in biases in our brains and our thinking processes, and one of these biases is the sunk cost bias.
A sunk...
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How well do you love the way you spend your typical workday? What would a typical workday look like if you had absolutely no constraints? Here’s a fun exercise to get you thinking about your future and how you can make small changes in your current day...
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As business owners, we may be so busy making sure the bills get paid and the product gets out the door that we may not be quite as proactive about our own compensation. To pay themselves, many new business owners take what’s left over after employees and...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="grid" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Far too often, the Boards of non-profit organizations fail to memorialize financial management policies. Decisions are made on the fly about how to deal with donations of stock, who needs to approve spending, and how many signatures are required on checks of a certain size, and more....
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The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of your business over a period of time, such as a month or year. You might also hear it called the Profit and Loss Statement,...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="grid" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index="" css=".vc_custom_1576668811941{padding-right: 0px !important;padding-left: 0px !important;}"][vc_column css=".vc_custom_1576668800219{padding-right: 50px !important;padding-left: 50px !important;}"][vc_column_text]One of the most important success factors of small businesses is the ability to generate revenue, and to do that, most businesses need to market their services and products to bring in new customers and sales. The...
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It’s generally a good idea to keep overhead costs low so that your business profits will be higher. This is especially true with items that are easily commoditized and fairly standardized, such as utilities and rent. But there are times when increasing expenses pays off nicely, and...
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Nothing is more important than creating a budget that will serve you well throughout your next fiscal year, and one that has buy-in from all the right people in your organization. Your budget is a tool that reflects your mission, vision, values, and strategic priorities. Here’s a ten-step...
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Successful non-profits are not an accident; they are the result of leadership that employs sound financial management practices. Developing the following seven financial habits will ensure your non-profit can successfully fulfill its mission and that it is being a good steward of donor funds. Equally important, developing...
