The 7 Reasons Why You Need to Budget

September 21, 2013


This is the first of several posts on small business budgeting. Budgets can arouse strong negative feelings–in big companies due to sometimes tortuous processes, in small companies due to being perceived as unnecessary bureaucracy, and at home because–well, who likes personal budgets? However, we believe that budgets can be extremely useful in any size business, […]

Posted in: Budget

Accounting Tips for Start-ups and Young Companies – Part 2

September 13, 2013


Here are our final three accounting-related recommendations for the owners of new up or young companies. 4.  If you have employees, hire an outside payroll company.  When you hire your first employee, it’s time to hire Paychex or other reputable payroll company.  An outside payroll company will handle all the pay and tax calculations, create physical paychecks or […]

Accounting Tips for Start-ups and Young Companies – Part 1

September 12, 2013


We’re asked for accounting-related advice by business owners for their start-up or young company.  We have six recommendations.  Here are the first three and we’ll describe three more in our next post. 1.  Open and use a dedicated business checking account.  Open a separate checking account in the business name, and pay all your business expenses […]

Banks Are Lending, Rates Are Headed Up — Time to Act?

August 25, 2013


If you asked a few months ago, I would have said the small business lending market continued to be tough. However, my opinion has recently changed. Four of my clients have gotten new loans over the past few months. One of these loans was specifically turned down last year, and I don’t think any of […]

Posted in: Banks