Good Financial Reads: Money Management for Business Owners

Money Management for Business Owners

[Video] Business Owners and the Balance Sheet

by Michelle Smalenberger, Financial Design Studio, Inc.

We have a specific set of videos just for business owners. We will be talking about legal structure, entity selection, operations, accounting, and payroll. Today we will be talking through what small business owners need to know about the balance sheet.  

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Help! Should I Purchase My Next Car Through My Business?

by Stanton Burns, Oakview Wealth Solutions

Interest rates caved this year worse than Dak Prescott’s ankle, making now a great time to buy for many business owners. In this article I want to look at the difference between buying and leasing automobiles through your business and hopefully, through the process, help make your decision a little easier.

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[Video] Business Owners- How to Improve Cash Flow

by Michelle Smalenberger, Financial Design Studio, Inc.

In our recent video series dedicated to small business owners, we have talked through some common financial statements like the Balance Sheet and the Income Statement also known as the P&L.  Now we are going to talk through a Cash Flow Statement which highlights the inflows and outflows of cash.  And for every business owner, cash is life!  It’s what keeps the business going.

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5 Scams To Watch Out For As An Immigrant Business Owner

by Sahil Vakil, MYRA Wealth

Immigrant business owners founded about 25% of new businesses in the US. There are many successful immigrants who operate small businesses all over the country. 

Unfortunately, there are many scams targeting businesses and many of them prey on small business owners. Immigrant small business owners can be especially vulnerable to scams because of language barriers, a lack of familiarity with US customs and laws, and a strong desire to form relationships with new customers and vendors.

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[Video] Business Owners: Set Up Repeatable Monthly Bookkeeping Tasks

by Michelle Smalenberger, Financial Design Studio, Inc.

We’ve been doing videos recently for our small business owners.  We understand that so much of your time and energy is spent on your business or building your business, that it’s often not in your “business”.  That’s what we want to talk about here. How do you set up an accounting structure or bookkeeping tasks so everything is in place where you can get reports and know the health of your business? 

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Why You Need to Take a Sabbatical! Part 1 - No Excuses and the Pre-Sabbatical Work Week

by Kyle Mast, Clarity Financial

One of the best things that our family has done in recent years is take month-long road trips in an RV. Last year we did it for the first time with our then one and a half year old son. We have generally taken these in the summer and fall. They are wonderful times to experience new things, bond, and build incredible memories as a family.

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Why You Need to Take a Sabbatical - Part 2 - The Compounding Value of Your Time with Loved Ones

by Kyle Mast, Clarity Financial

Much of the focus of this blog is on increasing the value of your time by knowing your true hourly wage (see this post for more details). While this, in my opinion, is the most important metric in evaluating your true financial growth, there are other ways to increase the value of your time that aren’t monetary.

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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

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