Even if a business is only open for 3 or 4 months out of the year, the business will have income and expenses during that timeframe. A business owner can estimate those numbers (budgeting!) and use those numbers to determine how many jobs need performed (lawns mowed, driveways cleared of snow, etc.) in order to at least break even.
I say it depends on your cash flow and whether or not you can afford to pay yourself a reasonable salary for the work you’re doing.
The headline to this post asks a common question. And the answer is, yes!
there are five steps to look at when a business owner is considering hiring employees.
Here are six things I’ve learned through the years in seeing clients try — usually unsuccessfully — to get loans from banks.
This is an excerpt from a presentation I give to business owners about managing cash flow and working effectively with banks.
Here are 5 mistakes I see businesses make in the budgeting process.
This is an excerpt from a presentation I give to college students and to prospective entrepreneurs about types of business entities. A college professor (who’s also an attorney) told me that my presentation on this subject is the best, clearest and most-concise overview of the topic that she’s ever seen. I’m flattered by the compliment, […]
What is basis? Basis in a business can be thought of as a person’s stake in that business.
A discussion of the sole proprietor business entity.