4 Common Small Business Spending Mistakes

JENNIFER LOBB | March 18, 2019

article image
Running a business isn’t always easy, and there are various challenges that can halt or reverse growth however, few are as dangerous as those that directly impact your finances. Fortunately, you can mitigate financial risk by taking control of your spending and monitoring cash flow.  Here are four common small business spending mistakes as well as a few suggests to help you avoid them.  In the early stages of business, it’s easy, sometimes even essential, to rely on your personal finances to fund your business expenditures. However, doing so can cause long term problems for both your business and your personal finances.

Spotlight

Minibar Delivery

Minibar is the leading marketplace for on-demand delivery of wine, beer, liquor, mixers and more. We give users a better way to shop; connecting them with local liquor stores to offer the best selection of products and a personalized experience. Minibar is available in New York, New Jersey, Chicago, San Francisco, Dallas, Austin, Houston, San Antonio, Miami, LA, San Diego, Denver, Phoenix, Minneapolis, Washington DC, and other cities across the U.S.

OTHER ARTICLES

Simple Security for Every Small Business

Article | February 10, 2020

If you’re a business owner you really have your hands full, every day, with the minutiae of running your business, balancing your books, orders, employees, scheduling, inventory, servicing customers, payroll, taxes well, you get the idea as you’re living it every day. You might read that and think that I’m crazy, and that you do take security into account, and your office and systems are secure. Frequently, it’s not in the day to day operation of your business which is why we have statistics like this: In the first 6 months of 2019 alone, over 3,800 data breaches were reported, with over 4 billion records being exposed as a result. If you broke it down evenly, that would be over 20 million records stolen every single day this year.

Read More

How to Plan for Slow Season In Business: 10 Things To Do In Advance

Article | July 15, 2021

To help business leaders plan for the “slow season,” we asked small business owners and business professionals this question for their best tips. From offering season specials to pivoting your client focus, several strategies there are several strategies that may help you plan ahead for the “slow season” and expand your business.

Read More

Self Branding Tips For Small Business Owners

Article | March 11, 2020

Branding can be referred to as the marketing and advertising of an individual, business or an organization for recognition and promotion. It can be a term, a logo or any feature that recognizes an individual’s goods or services distinct from others in the competition. The practice of branding is said to have begun in ancient Egypt wherein one person’s cattle was differentiated from the others by burning a unique symbol into the animal’s skin to prevent any theft. The term has been extended so as to promote the strategic values of a business and make the customer buy the product or service.

Read More

How the cloud enables accounting professionals to support small businesses

Article | April 15, 2020

Accounting professionals throughout the Americas are operating in unprecedented times with the impacts of COVID-19. With information changing daily on government stimulus packages, many of our accounting and bookkeeping partners are quickly adapting and helping their clients navigate through these tough times. Technology (especially the cloud) has enabled firms to seamlessly work-from-home and collaborate across the country. As well as find new ways to help their clients. Here are three reasons why moving your practice online allows you to better operate and support your small business clients during this time.

Read More

Spotlight

Minibar Delivery

Minibar is the leading marketplace for on-demand delivery of wine, beer, liquor, mixers and more. We give users a better way to shop; connecting them with local liquor stores to offer the best selection of products and a personalized experience. Minibar is available in New York, New Jersey, Chicago, San Francisco, Dallas, Austin, Houston, San Antonio, Miami, LA, San Diego, Denver, Phoenix, Minneapolis, Washington DC, and other cities across the U.S.

Events