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
Toximiche
Michelada mixes were quite new to the Omaha area, so we weren’t sure how well we would do. To our surprise we continued to grow month by month, tapping into new markets. The turning point for us was when we were asked to sell our products inside a popular liquor...
Upper Room Brewery
Starting a business is an experience filled with so many emotions, both good and bad. The level of excitement when sharing the story on how the business came to light, and to see and feel this energy being reciprocated from others who share your joy and believe in...
Valor General Store
Valor General Store, Hemingford Nebraska Lacy and John Covey are the new owners of Valor General Store in Hemingford, Nebraska. Lacy and John took a jump out in faith, in the shaky “post-covid” economy to start up a business in rural Western Nebraska. Lacy and...
