As all small businesses know, the P&L is a necessary component of a complete set of financial statements. Some may view it as the most telling as well. It quickly shows whether your company is in the red or in the black. We’ve prepared an infographic showing how to create the P&L in 6 […]
Many people often hear terms like “strategic management” or “strategic planning” and are intimidated by the thought of it. They often believe that these terms only apply to large corporations and have no place in the small business world. But I’m here to tell you that these processes are actually fairly easy to understand. It’s […]
So you want to write a business plan, but you’re having a hard time understanding the components of a proper plan? Some people respond better visually to information rather than reading it. We understand and want to help. So we condensed the plan into a simple to understand infographic.
(A little while back I attended a seminar about social media marketing, conducted by Toni Coleman Brown, the founder of Network For Women In Business. I was completely blown away by it. It allows a new business to market to a large audience without spending a fortune. I was fortunate enough to have […]
(In my fantastic journey as an entrepreneur I was blessed to meet some incredible women along the way. One of them is Stella McGovern, co-founder of Crowdzu Inc. Crowdzu is an umbrella organization combining crowdfunding and crowdsourcing, bringing creatives and entrepreneurs together. In the following article, Stella will provide insightful information on the world […]
Many times, I meet entrepreneurs and small business owners who enthusiastically tell me that they successfully created a set of financial statements by themselves. Their eyes will often tell you their story. Those of a parent boasting with pride and seeking external validation for their child. Of course, I agree being able to create […]
When I ask new entrepreneurs what pricing model they use for their products, most often look at me in bewilderment. Model, you say? Some tell me that the price is simply what they “feel” is right, others may say that it’s the price of a comparable product in the market, and the bolder ones […]
Most new businesses are often confused about the business structure they choose to take on and its relation to taxes. Of course a knowledgeable CPA (like myself) can help you navigate through the various IRS filings, for the few brave do-it-yourself individuals I have just made your life a little easier. I’ve summarized in […]
Time and time again, I have heard people say that the key to starting your own business is to find your passion. To that I say NO! Starting a business takes a lot of hard work and planning. Even the simple act of coming up with an idea of what your product/service will be […]
During my process of creating my company, I was blessed to meet many incredible women that have started their own businesses or had a strong desire to start one. But many of them feared the current business environment to be too unfriendly for a budding entrepreneur. So what really is the state of the environment? […]
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