Many start up business owners try to go it alone when it comes to their finances. They think they are too small to hire an accountant, or they believe their work load is such that the finances will be easy to manage without any assistance. There are many reasons why a start up business should consider hiring someone to manage their financial situation. Here are a few. A CPA can help business owners to get their books in order and accurately determine profits and losses. Every business owner is in it to make money, and having an accurate picture of one’s financial situation can help to increase profits. If the books show that a particular product or idea is not working, it might be time to redevelop it or consider something different. Continue reading
As many young adults embark on their first career, they often feel that they are prepared for anything that life will throw their way. Unfortunately, a good number of these same individuals are woefully unprepared for the financial stresses associated with adulthood. Managing money is much more difficult than it seems to be, although a few helpful tips can go a long way to helping you get on the right track. Take the following advice to heart and avoid the mistakes that some of your peers may make.
Make a monthly budget. Write down how much money you make and any necessary bills that you have. Calculate your overage. Dedicate a portion of that to entertainment purposes and put the rest in savings. Continue reading