How To Successfully Manage Cash Flow For Your Business

Small business owners inevitably juggle many competitive priorities. While it can be challenging to keep everything running smoothly, “dropping the ball” on cash flow can be a costly oversight. Effectively managing the money flowing in and out of your company is key to staying in business. As you plan for success, three basic steps can…

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Income Report – June 2017

Here is my May 2017 income and traffic report for any income related to my blog. View all of my previous income reports. Why I Post Income Reports I started posting my blog income reports in March 2017. I post them as an audit to my progress and to share what I’m doing that’s working and not…

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10 Tips To Keep Your Small Business In The Game For The Long Term

  Small businesses owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life.…

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How These 4 Info Product Businesses Created 7 Figure Incomes

7-figure-info-product-business

This article contains a summarization of how four different people built a 7 figure business just from selling information products. What Separates The Million Dollar Information Marketers From The Rest Rich Schefren Source: https://www.entrepreneurs-journey.com/11254/what-separates-the-million-dollar-information-marketers/ When it comes to big money launches, Rich Schefren is a great person to listen to. Rich has a proven track…

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What is IRR (Internal Rate of Return)?

IRR stands for Internal Rate of Return. The IRR helps measure if a potential investment is going to be profitable in the capital budgeting process. In general, the higher the IRR, the better the investment looks. This is to say that IRR runs across the board for investments and allows firms to rank investments relative…

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What is WACC (Weighted Average Cost of Capital)?

What is WACC? The Weighted Average Cost of Capital (WACC) is a formula used to calculate how much a company is going to pay for its financing. Meaning, it shows a firm’s cost of capital proportional to its financing mixture for every dollar financed. In general, a firm’s financing will consist of a mixture between…

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Income Report – May 2017

Here is my May 2017 income and traffic report for any income related to my blog. View all of my previous income reports. Why I Post Income Reports I started posting my blog income reports in March 2017. I post them as an audit to my progress and to share what I’m doing that’s working and not…

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Business Credit Score Vs. Personal Credit Score

Business Credit Score Vs. Personal Credit Score

Many Sole Proprietors and LLC business owners use personal credit cards for business expenses. At what point should they consider getting a business credit card and separating personal and business expenses? This is where your business credit score vs personal credit score can play a big role. Using Personal Credit Cards For Business Expenses Using…

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Why Not Taking A Salary Is Distorting Your Business Income

If you’re following good bookkeeping practices, then all of your expenses are being deducted before you show a profit. But I bet there’s one thing you aren’t taking out and its absence isn’t giving you the true picture of your business’ net income. Why Take A Salary? Most readers of the Bitesize Business School blog…

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How I’m Creating An Income in 2017

This is post go through my various income streams as of mid 2017. While I don’t show my full income on the blog, you can see how the blog alone is generating an income through its income reports. Income Diversification I strongly believe in diversifying your income, especially as a business owner. This concept has…

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