Skip to Content

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!

 American Consumer Credit Counseling (ACCC) provides credit counseling, financial education and debt relief options for individuals and families with too much credit card debt or unsecured personal debt. Our certified credit counselors have helped thousands of consumers find credit card debt relief by learning how to reduce debt and how to get out of credit card debt. Our debt assistance services and debt management plans allow consumers to consolidate credit card bills into a single payment, and provide help with negotiating credit card debt in order to lower interest rates and finance charges, to ultimately eliminate debt through a credit card payoff plan.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member