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Tracking Your Operating Income and Revenue is Essential
Ed Koch, the outspoken former mayor of New York, reportedly walked the streets of the city asking, "How am I doing?" As a business owner, you want the same kind of...
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Cash Flow Statements: Key to Understanding Your Business Profitability
For business owners in New Orleans and surrounding areas, understanding various financial statements is a critical part of running an effective and profitable business....
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The Income Statement: An Important Tool for the Financial Health of Your Small Business
There are numerous metrics and data points that your small business should be tracking; one of the most important is business income. Indeed, an income statement is an...
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8 Steps to Develop a Successful Strategic Plan for Your Small Business
You may recall the book "Alice's Adventures in Wonderland" originally written in 1865 by Lewis Carroll. The story relates the tale of a young girl named Alice who falls...
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The Balance Sheet: A Critical Document to Understand Your Business Finances
Here's the tough news. Among the top reasons for today's business failures are misunderstanding and mismanaging resources, and having insufficient cash. Enter the...
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You Don’t Have to Panic this Tax Season with Good Tax Recordkeeping
Even if your small business is running smoothly otherwise--maybe even thriving--the fact that it is tax season, is enough to make any small business owner shudder....
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Steps to Closing Your Business
Closing a business is never an easy decision, but the speed in which it can occur depends on your tactics. If you are a sole proprietor, you could close up shop without...
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Estimating Small Business Start-up Costs
No business ever starts with the problem of having too much money. Barring a lottery ticket win that spurs endless cash into a venture, most entrepreneurs take the leap...
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Retirement Planning for Small Business
Business owners, especially those born between 1946 and 1966, are at a higher risk of not saving for retirement. Help to not think about retirement will help them...
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