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Cash Management

Aug 26
Love2
Pay yourself first. Profit First, cash flow management

How to Pay Yourself First: A Business Owner’s Cash Flow Guide

By Cash Management, Profit First No Comments
It’s fun to think about the idea of paying yourself first. That’s a business owner’s dream to make enough money from the business to live off of. Walking through the principles of the Profit First cash flow management system even makes it seem possible to pay yourself first. But… How do you do that in your business? How much do you actually take out? Can your…
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Aug 12
Love2
cash flow problems, cash flow solutions

Cash Flow Problems are Not Solved by More Revenue

By Cash Management, Profit First No Comments
Do you feel like you have an unpaid job… even though you own the business? You’re even growing revenue, but somehow every month you just barely have enough to cover all the expenses. And your paycheck is the first thing you sacrifice. It’s very noble of you, but not sustainable and won’t fix your cash flow problems. You can’t run a business if you can’t support…
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Apr 27
Love2
business growth

How to Stay in Control When Your Business Is Growing Fast

By Blog, Business, Cash Management No Comments
Your business is finally growing, great! More clients, more revenue, a bigger team. But it doesn’t feel as good as you thought it would.Instead of everything getting easier, it feels heavier. The decisions matter more. The problems are bigger. And you’re dealing with things you’ve never had to figure out before.From the outside, it looks like you’ve got it handled. Inside, it feels like you’re…
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Apr 06
Love3
IRS bill

What to Do If You Can’t Afford Your IRS Tax Bill

By Blog, Cash Management, IRS, Taxes No Comments
Taxes are supposed to be predictable. You set aside money, track your expenses, and do everything right, yet somehow, the IRS still manages to slap you with a bill that your savings can’t cover. It’s the kind of gut-punch that makes you question if you’re running a business or just working to pay Uncle Sam. This isn’t the end of the world, and it doesn’t…
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Mar 30
Love2
side hustle

How Your Side Hustle Can Save You More on Taxes

By Blog, Cash Management, Taxes No Comments
Here’s a little secret, the IRS actually favors side hustles over your day job. Every laptop, software subscription, or piece of equipment you use for your side hustle can be a legitimate tax deduction, things most full-time employees never get to write off. These deductions don’t just save you money, they help protect your cash flow and give you more breathing room if the IRS…
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