Establish Credit. Credit Application credit score

Unlocking Success: Why Small Business Owners Should Establish Credit

Establishing credit is a clear and vital imperative in the realm of small business ownership. It’s the art of balancing the books, making strategic investments, and securing a stable financial future. Let’s uncover why establishing credit is not just a good idea but a vital step toward ensuring the financial security and prosperity of your…

Financial Statements

Financial Statements

Financial statements are formal records of all financial activities and performance of a business, presented in a structured manner. There are three main financial statements: BALANCE SHEET This report is prepared to show the organization’s financial position at the end of an accounting period. The balance sheet displays the classic accounting equation Assets = Liabilities +…

Does Your Business Have An Emergency Fund?

Does Your Business Have An Emergency Fund?

Every business should have an emergency fund. If the pandemic taught us nothing else, having funds to fall back on, for individuals as well as businesses, is a necessity. Significant financial fluctuations can be caused by any number of things that are out of your control, such as Changes in the economy, regulations, and taxes…