Determining Cash Flow
As a small business owner, it’s important to know how much cash is moving in and out of your business. You need to think ahead in order to meet financial obligations and run a profitable business on a long-term basis.
Calculating Start-Up Expenses
Business startup costs can add up quickly. You’ll likely need to invest in equipment, inventory, payroll, software, and office space – just to name a few expenses. Plus, you’ll also have to pay for permits, marketing costs, and any needed legal fees.
Why Is Budgeting So Important?
Budgeting – creating a realistic spending plan for your money – helps ensure you will always have enough capital for business necessities and aids long-term financial planning. Following a budget can also keep you out of – or help get you out of – debt.
Additional Resources
Divine Living
Divine Living: Providing Person-Centered Care for children and adults with physical and developmental disabilities in Nebraska and Iowa How NEF helped Divine Living establish a brick-and-mortar location “If we learned anything from the pandemic, it’s that we’re better...
Secret Sauce: How To Make Your Food Business Profitable?
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Naad’s Naturals
“I wanted to do something that would make me feel like I was contributing to the earth, and I wanted to align more with one of my favorite quotes, “Be the change you wish to see in the world.” - Sheri Noordam In 2015, Shari took a leap of faith and sold...
