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10 financial management tips for the new small business owner

A solid grasp on your business’s financial situation drastically improves your chances of long-term success – you’re better able to plan for the future and avoid many common financial management traps.

Here are some tips for managing your small business finances and increasing your financial literacy to give you and your business the best chance for success.

Residual income: What it is, why you want it, and how to create it

It’s probably crossed your mind before: Why do I have to work so hard just to make ends meet while Joe and Karen up the street work six hours a day from home and spend every other month on vacation?

They’ve been concentrating their effort on creating residual income.

What is that you say?

I’ll tell you just that and offer a suggestion on one of the best ways to create residual income for yourself.