Cashanomic$ Blog
The Money Mindset Trap – 7 Pitfalls to Avoid
Whether you are starting your first business, an entrepreneur, focusing on a side-hustle, or self-employed, you have to develop the right money mindset to succeed. That's not to say the people who are employed can get by with an "improper" money mindset, but having a...
Cash Flow Management No Longer a Mystery
Cash flow management is one of the primary drivers of the success or failure of a small business. According to a US banking study, 82% of the businesses fail due to poor cash management. That's a startling statistic, and it shows just how important cash flow...
How NOT to Trigger an IRS Audit
If I ask business owners what their least favorite part of running a business is, a lot of them will say taxes. And that’s completely normal. It wouldn’t even be too presumptuous to say that many business owners practically dread tax time. Even if you do everything...
The Death of In-House Bookkeeping
Proper bookkeeping is essential for the survival and growth of small businesses. Truth is that many business owners learn the hard way after they have suffered through the repercussions of ignoring their bookkeeping. Hopefully, you aren’t one of those, and you are...
Why Bookkeeping is Important for Small Businesses
When you start a small business, bookkeeping isn't the first thing in your mind. It might not even be in the top ten things on your mind. You might prioritize taking your business off the ground, generating revenue, building a decent clientele, and keeping up to date...
Money Management Mistakes that Eat Your Cash
More businesses fail because of poor money management more than any other consequence. As sad as it is, it’s almost a certainty. Why? Money management is not an innate skill, nor are we taught how to handle it either. In many families, there is usually no discussion...
Five Top Ways to Increase Real Estate Brokerage Profitability
Usually, the end of one year is often the best time to review your ongoing business strategy. But now, with our forced isolation with the COVID-19 pandemic, it's the perfect time to re-evaluate our business. Not every business can generate revenue right now,...
CARES Act: Top 5 Benefits Available for Small Business
The phone is ringing off the hook and email questions arrive daily in my email. Can I summarize the top "CARES Act" benefits for my small business? What should I pay attention to? Each business plan and forecast is different and plans made were tailored to...
Make Miracles Happen in Your Business
When I speak with bookkeeping prospects looking for a new financial services firm to help them with their business, I hear the same frustrations. Whether they’re using a large internet firm or a local accounting firm and why they are looking for a change....
