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Budgeting Essentials

Helping you master the practical essentials of Budgeting, Cash Flow, Accounting and Debt Relief.

This blog addresses Budgeting, Cash Flow, Accounting and Debt Relief issues and tips for Small Business Owners.  The posts give you practical suggestions and how they can help you save money.
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Starting your own Business?

 

You have a great idea for a new business.  But you can’t just dive into the business without a plan.  Part of that plan is doing a cash flow budget.   Learn how in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Cash Flow - Entrepreneurs... Get THIS

Good cash flow management involves more than just taking care of the cash you have. You need to look at what cash is going to be coming in, too. In order to do this you need a good cash flow projection built from your budget. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

What is Cash Flow?

You often hear that small businesses fail because of lack of “Cash Flow”. But what does “Cash Flow” really mean to a small business owner from a practical standpoint? Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Quit Thinking Small - Part 3

Do you find yourself reluctant to update your pricing because you are afraid you will lose customers?  While you need to be aware of the market value of your service, your pricing also needs to reflect the value of what you are delivering.  If you are delivering above average services, you shouldn’t be charging bargain basement prices.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Quit Thinking Small - Part 2

Do you find yourself resistant to change because you tried something and it didn’t go well?  You need to examine your procedures periodically to make sure they are efficient and effective.  You don’t want to limit your cash flow by using outdated procedures that cost you extra time and money.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How to Quit Thinking Small - Part 1

Are you limiting yourself with your thinking?  Do you undervalue your services?  These are things that will limit your growth and your cash flow.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Small Business Cash Flow Problems

When you don’t do your books regularly and don’t have a well prepared budget to remind you of your upcoming expenses, you don’t really know what you have available to spend.  If you have an annually billed payment coming up next month, you don’t want to spend the money this month on something else that could have waited.  Your budget helps you remember these expenses..  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Business owners aren't always good bookkeepers...

Failing to keep financial track of your business on a monthly basis is another financial reason that many businesses fail.   It is important to do your books every month when you are in business.  This is a function that many small business owners wait too long to seek help with or overestimate their ability to complete.  You can’t make good financial decisions without knowing the state of your finances.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Budgets are to Businesses what a Key is to your Home

Failing to plan properly is another financial reason small businesses fail.  This sounds like a non-financial reason, but it has a big financial component to it.  If you don’t take the time to develop a well prepared budget, you haven’t properly planned your finances for your business. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

National Small Business Week - Got enough cash?

One reason small businesses fail is that they don’t have enough money to get themselves through the start up period.  You need to properly anticipate how much money you are going to need to get your business off the ground. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Some “clouds” are Safe - Is Yours?

 Many software companies are moving their software to the “cloud”.  They use convenience as a big part of their sales pitch.  But is what you give up in security worth the “convenience” of having your financial information in the cloud?  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How Business Receipts & Notes = Success

Most people think of budgeting as an end of the year activity.  But the best way to create a budget is to collect your budget information as you are going through the year.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Your Business: A "Hit" or a "Miss"?

Box office hits make money. You may think you are making money, too.  At least that is what your income statement says.  That is good if you have included everything you should have included in the income statement.  But... have you done that?  You can know for sure how your business is doing when you have a well prepared budget that you compare to your income statement.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2109 Kat Heil LLC

Why does my entrepreneurial business need an emergency fund?

Your business is no different than your personal life. Unexpected things come up that you need to pay for quickly. The Boy Scouts have a motto: Be Prepared. That applies to business and life, not just Boy Scouts. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Put more money in your pocket - by not paying interest

One cost savings area that small businesses miss is borrowing money and paying interest on their equipment purchases.  While it may seem convenient to borrow the money, there is a cost you have to consider.  This is where you can put more money into your pocket.   Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How do I keep my Business cash flow positive?

Planning your Business cash flow so it stays positive may seem to be something that you can’t do. But with a well prepared budget, you can avoid many cash flow issues before they happen. 

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© 2019 Dan Heiland 2018 Kat Heil, LLC

ENTREPRENEUR: Do you have a plan for your business Cash Flow?

Failing to plan properly is another financial reason entrepreneurial businesses fail.  This sounds like a non-financial reason, but failing to plan properly has big financial consequences.  If you don’t take the time to develop a well prepared budget, you haven’t properly planned the finances of your business. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How to fund your business start up or growth spurt - Cash Flow

One reason small business fail is that they don’t have enough money to get themselves through the start up period.  You need to properly anticipate how much money you are going to need to get your business off the ground. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Cash Flow for Entrepreneurial Businesses

Lack of cash is a common reason that small businesses fail.  Being able to predict your cash balances helps you manage your businesses finances.   Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 reasons you need a detailed budget for your business

While having an OK budget is better than not having one at all, there are a number of benefits you get from taking the time to create a detailed budget for your business.   Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC