We’ve been talking about Accounting Standards in the last few blog posts. In this post my goal is to help demystify two essential financial statements, Profit and Loss and Balance Sheets. I know this may not be the MOST enticing topic, but these concepts should be important to every business owner and entrepreneur out there. I know this post is lengthy but it's **FREE** education you can use to help understand these crucial financial statements. These financial statements are tools you have in your toolbelt as an entrepreneur that you can use to help make sound financial business decisions.
Other than planning for your future and building wealth, did you know that a budget can also affect your health? If you’re feeling stressed when it comes to money, you’re not alone. In fact, money is a top contributor to stress according to a recent survey. Here are some ways a budget can get your stress level under control.
Amazon Prime Day is coming! This year Amazon Prime will begin at midnight PST and run for a full 48 hours on July 16th through July 17th. If you have been saving up for gifts, or even for some Amazon-specific items - wait no longer. Here are 7 of my top picks for this year.
Accounting for nonprofit organizations is no small feat. In this post, I’ll attempt to provide an overview of accounting for nonprofit organizations. Each of these topics could fill a whole dissertation, so in this attempt, I’ll do my best to make it as palatable as possible to consume and easy to understand.
Often times when a business owner thinks about preparing financial statements they may feel like a deer in the headlights, with many (MANY) blank stares. In this blog, I break down a few key concepts that are essential for the foundation for preparing them.
I am starting a new blog series on Accounting Standards. With these next several blog posts, I hope to break down some essential accounting concepts for the accounting professional and business owner. Some of these concepts felt like they were lost along the way for me. My hope is that I can, at the very least, help to point you in the right direction when you have an accounting question.
In part one I shared with you four tips to help take control of your finances; create a budget, use expense tracking apps, keep receipts and use expense worksheets, and practice mindful spending. For this second part of simplifying your life, I have a three additional tips to share with you!
In our fast-paced society, it's easy for our finances to spiral out of control. From groceries to regular monthly bills to entertainment, expenses just keep popping up everywhere. That’s why it is crucial to keep track of where our money is going. With a few key strategies, you can take control of your finances and keep peace of mind.
Budgeting is an important part of managing finances, for both personal and business. A helpful tool to use is a budgeting app. Budgeting apps help you get started with the budgeting process rather than having to come up with your own spreadsheet or ledger. It lays the groundwork for you so you can more quickly get to the important parts of knowing where your money is going and when.
It’s December 1st rolls around and, once again, you find yourself scrambling to come up with affordable gift ideas, or making sure you don’t spend $50 on your nephew and $25 on your niece. Then the stress builds and decision paralysis kicks in, and then… It’s December 23rd and you’re stuck picking out the first cute stuffed animal and blanket set you can find at the grocery store. Here are FIVE things that you can do starting NOW for your Christmas or Holiday Shopping.
More and more people are finding themselves at the end of their paycheck faster and faster each year, especially during the holidays and thereafter. For many people, buying the essentials like groceries and food is becoming challenging. So many people are trying to figure out how to adjust to this new economy
After going from a corporate work environment to starting my own business, I had to learn a few hard lessons along the way. A lot of the early days were spent throwing my hands up in the air saying, “I don’t know what the heck I’m doing!”
Now, I have gotten over most of those hurdles and can look back and see what I did right, what I did wrong, and also see the hard things that just needed doing. I thought, maybe some of these lessons could be passed on to others to help them in their journey to attaining the dream of being their own boss. So, here are my top 5 lessons from my experience.
One way I know we can get back to embracing the true spirit of the holidays is to Shop Small! What does that mean? That means skipping the massive online retailers and box stores and instead, go shop on Main Street! By, ‘main street,’ I mean the locally owned shops in your community. The stores that your neighbors own. The stores that keep a city alive. The mom and pop shops.
Every October, I find myself surprised by how quickly I go from wearing shorts and sandals to digging through the back of my closet looking for my sweaters. This year, with the rising cost of living, I also found myself trying to keep the thermostat set as low as possible without shivering. Which got me thinking, “What else can I do to lower energy costs this winter?”
As we emerge out of the pandemic, and I reflect on the past year, I can’t help but to be grateful. I know it has been a really hard time for many people, myself included, but to be on the other side of this pandemic now and looking back, I just want to express my gratitude. I’m grateful for my life. I’m grateful for my family and friends. I’m grateful for this business. I’m grateful to YOU for being here, for supporting me, supporting my business, reading my social media posts and watching my YouTube videos. I truly could not do this without YOU.
As a business owner and entrepreneur sometimes it can be hard to identify what apps or services that we need to sign up for since the market is certainly inundated with options. So, I wanted to share with you a few of my favorite online tools that have helped me over the years.
Freedom Through Business Automation For Small Businesses…she learned that her customers didn't care that she was just one person trying to juggle her new business and her day job! Customers wanted her to be available whenever they needed her. She researched, learned, and mastered the skills needed to show up for her customers even when she wasn't actually available…
Whether it’s the beginning of a new year, a new month or simply a self-proclaimed restart, now is a great time for a reset of your personal finances. If you’re looking to do a personal finance reset, there’s likely an underlying reason why. You might want to start saving for a big purchase. Perhaps you want to break some bad money habits. Maybe you want to set a good example for your children. Use your “why” to determine which habits you want to break and any goals you want to set.
Other than planning for your future and building wealth, did you know that a budget can also affect your health? If you’re feeling stressed when it comes to money, you’re not alone. In fact, money is a top contributor to stress according to a recent survey. Here are some ways a budget can get your stress level under control.
