6 Ways to Prepare Your Business for a Recession

In 2008, the world experienced a ‘once in a lifetime’ recession. Now, an unprecedented global pandemic has caused another.  Economists predict that even with businesses around the country starting to open again, it will still be a long time before America’s economy fully recovers. These experts expect growth of only around 0.4% this year, down…

small business budget making

How to Make a Small Business Budget

Big or small, all businesses need a budget. Budgets are the foundation of successful accounting. They can help you scale your venture for future growth. However, if you’re a new business owner or entrepreneur, you may be wondering where to start. What’s the best way to keep track of your budget?  Below we’ve outlined some…

7 Tips for Optimizing Your Cash Flow

For a lot of small and medium-sized business owners, the financial planning aspect of running a business is often the most difficult part. Many are skilled entrepreneurs and experts in their field, but those areas of expertise often do not include the more obscure points of business finance. According to the U.S. Small Business Administration,…

How to Build Business Credit

Gaining access to business credit and financing is a tough thing to figure out when just starting out. But when start-up costs and growth strategies are taken into account, it makes sense to establish strong credit for times when it will be needed the most. Why Is It Important? Good credit is important, as most…