Tag Archives: business expenses

How much should you pay yourself?

If you’re like many other small business entrepreneurs, you pay yourself as the money comes in. Good month, pay yourself more. Bad month, pay yourself less. In general, this is a mistake. It’s easy to tell yourself you’re justified in … Continue reading

Posted in Business Finance | Tagged | Leave a comment

Keep an eye on your cash flow

It’s surprising how many small business owners don’t really understand cash flow. That’s why they fall behind in paying their bills. Cash flow does not mean profits. You can have decent profits and lousy cash flow. Cash flow is the … Continue reading

Posted in Business Finance, Business Operations | Tagged , , | Leave a comment

Don’t spend money that’s not yours

If your business requires significant operating capital — for inventory, rent, labor, and such — don’t take it out of the business to pay your personal expenses. Understand that operating money isn’t yours to spend; it’s a vital part of … Continue reading

Posted in Business Finance | Tagged | Leave a comment