Not every successful business launches with a formal business plan, but many founders find value in the process. When you make a business plan, you get to take time to step back, research your idea and the market you’re looking to enter, and understand the scope and the strategy behind ...
Jeremy and I prefer to plan our travels in advance. We’re SOOOO not show-up-and-figure-it-out people. We tried it once, and the experience made us each so panicked and anxiety ridden that we swore never EVER to do it again. Lots of super chill, go-with-the-flow types can swing...
The cash flow statement has three key sections: operations, investments, and financing. Even if the business uses accrual accounting as its main reporting system, the cash flow statement is focused on cash accounting, allowing managers, analysts, and investors toassess how well a company is doing...
“Business owners are often, by necessity, very focused on what’s happening here and now, but they also need to plan ahead,” says Chris Wong, head of Small Business Products with Bank of America. He advises that business owners estimate their payroll costs and other expenses, fac...
This blood flow keeps your brain functioning properly, which includes processing and storing information. Bonus: offload the stuff you don't need to memorize Adult human brains can store the equivalent of 2.5 million gigabytes of memory. So, in theory, you have the capacity to memorize…...
Payroll’s impact on cash flow Even if you’re not paying someone else to do payroll for you, it’s still considered a business expense. This is because your employees’ wages and your share of payroll taxes cut into your profit margin. And if business slows down, you may be faced with...
On average, it takes about 90 days to onboard a new employee effectively. However, a comprehensive onboarding process can extend up to a year, ensuring they are fully integrated and productive. Detailed employee onboarding process flow
By setting money aside for these things, you won’t need to borrow to pay for them, and you’ll keep your debt plan on track. Step Four: Pick one debt to focus on “Now can I attack my debt?” Yes! The moment you’ve been waiting for! Let’s do it. We recommend choosing your...
When you’re creating a business budget, make sure you put aside extra cash and plan for contingencies. Although you might be tempted to spend surplus income on variable expenses, it’s smart to establish an emergency fund instead, if possible. That way, you’ll be ready when equipment brea...
If you’re curious about how to go with the flow in your relationship, we’ve got you covered. Here are 13 key tips to help you embrace spontaneity and ease in your love life. 1. Embrace life’s little surprises together Instead of sticking to a strict plan, enjoy spontaneous moments...