It’s no secret that times are tough right now for individuals everywhere, especially financially. Whether you’re a business owner or just trying to pay your rent for the month, you’ve likely experienced the increased strain on your finances recently. There are ways to make these hard times a bit easier, but it takes dedication and consistency!
Stay on top of your bills.
Pay your bills on time and avoid missing a payment. Your credit will be affected by a late payment. If you don’t have the funds to pay in full this month, ask for a payment plan, an extension, or to waive the fees. Keep in mind: this should only be done when absolutely necessary and should be abused. If the fees are waived, you will still have to pay, just
There’s so many “what not to do’s” with your money that sometimes you’re not really sure what to do with it at all! Part of running a business is being able to control where your cash goes and how it’s being used. Being proactive and preparing for the future is the best course of action when it comes to running a business. Don’t let surprise expenses stress you out. Instead, beat them to the punch.
Bookkeeping is the silent hero of your business. It’s solid and reliable. It keeps you grounded, anchoring you down in one place when things become chaotic. Many factors may influence your business, but the numbers don’t lie. The numbers are the black and white of your business, the “this is it” aspect that cannot be twisted.
Why not bring this anchor into your home? You don’t need a computer - grab a notebook and start recording money in and money out. Keep it simple. Break it down per month, record your expenses, your income, everything. At the end of the month, do the math and see if you came out ahead or behind.