4 Tips on How to Manage Small Business Finances
Managing a small business can be daunting.
But these 4 tips can help keep your finances in order when you first start your business:
1. Establish expenses
Determine how much money you need for start-up costs, operating expenses, and other financial considerations.
2. Separate business and personal finances
Open a business account to avoid blurring the line between personal and business transactions.
3. Track income and expenses
to avoid going over-budget and evaluate your budget every month.
4. Seek a mentor of financial coach
Don’t be afraid to ask for the help you need to thrive!