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- While entrepreneurs often focus on profitability, cash flow is arguably the more important consideration
- The benefits of tracking how money is coming into your business and how it is being spent
- Calculations involved in calculating and predicting cash flow
- Some businesses can be started up at the home, while others necessitate a commercial space
- Understanding factors such as zoning rules, tax laws, and practicality when deciding whether to run a business out of the home
- When it makes more sense to purchase a space rather than rent one
- Any business is subject to risks that could wipe it out if adequate protections are not in place
- The different types of business insurance available, and how to decide which one is right for you
- Special considerations for business interruptions and home-based businesses
- How keeping detailed records can help you assess the financial health of your business
- A look at the balance sheet, income statement, and cash flow statement
- View sample statements to view how this information is presented
- Research shows that companies that in their employees and workplace post better profits than those that don’t
- Fair pay and benefits, an open leadership model, and other strategies to improve your company culture
- Ensuring that your employees are engaged with their work is also a crucial factor
- Employers are required by law to pay their employees, but unexpected circumstances may leave you with too little cash to make payroll
- Communicating the situation is essential, after which you can pursue one of several potential solutions
- An inability to meet payroll may be a warning sign that you need to make changes to your business strategy
- Keeping track of your business expenses and income is crucial for assessing your business strategy and profitability
- Several free online tools are available to business owners
- Help forecast future cash flows, track down late payments, and turn the tedious task of getting paid into something much easier
- The definition and importance of bookkeeping
- For those starting a business and those who haven’t hired an accountant
- Learn the basics of small business accounting
- Deciding whether you should hire a professional accountant or balance your own books
- For any kind of business organization
- Avoid costly financial and tax mistakes
- Factors that go into choosing a business location and questions that entrepreneurs should ponder
- For those starting or expanding a business
- Also a resource for Connecticut business location selection
