There’s no shortage of financial advice out there for small business owners especially with so much of it circulating on social media. You’ve probably seen the posts that say you should invest more, save less, raise your prices, hire faster or the opposite.
We work with business owners from all walks of life, and we know that thoughtful, personalized strategy is what makes a real difference. Numbers are the foundation, and when you use them with intention, you make smarter choices ones that actually serve your business long-term. |
If your business has a busy season and a slower one, you know the financial highs and lows can feel intense. Whether you're preparing for peak months or navigating the quieter times, good planning makes all the difference. Here are some financial tips to help you manage your seasonal cash flow and set your business up for year-round stability: Use your peak-season income to support slower months. Look at your full-year forecast, not just your high-revenue periods. Put money into a savings...
If you've ever looked at your financial reports and found yourself wondering what EBITDA and net income really mean, you're not alone. These two terms show up often in financial statements, but they tell very different stories. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. In simple terms, it gives you a picture of how well your business is performing from an operational standpoint, before any financial decisions or accounting adjustments come into play....
Most business owners create a budget once, feel good about it, and then don’t look at it again until the following year. But if you’re not reviewing your budget regularly, it’s probably not working as well as you think. Business isn’t static, prices change, revenue shifts, expenses creep in, and unexpected things pop up. So your budget needs to adjust with you. Here’s how to check if your budget is still working and what to do if it’s not: Step 1: Look at your actual numbers Open your Profit...