How Much to Pay Yourself as a Business Owner
How Much to Pay Yourself as a Business Owner

  There are a lot of reasons why we all started our own businesses, from serving clients, to doing what we love, to getting out of the corporate grind. But ultimately we're all here to make money. And if you're not making enough money, then you won't be able to stay...

How to Create a Cash Cushion for Your Business
How to Create a Cash Cushion for Your Business

Here's a fact: 2020 has been a tough year and some businesses haven't made it because they've been shut down or their revenue dropped off significantly for weeks or months. The reality is that there are always ebbs and flows in the economy, and you could have a down...

The Entrepreneur’s Guide to Financial Statements – The P&L
The Entrepreneur’s Guide to Financial Statements – The P&L

Successful business owners are able to see the story behind the numbers when they look at their financial statements. I always ask business owners if they review their financial statements, and I often get that deer in headlights look. I know looking at a bunch of...

What Tax Deductions are For, and What They Aren’t
What Tax Deductions are For, and What They Aren’t

"It's ok, it's a tax write-off!" Sometimes business owners don't fully understand what it means when something is tax deductible, and think that by writing something off on their tax return that somehow justifies the purchase. So, in this blog post, we're going to...