You have money. Great! Now what?
Business isn't just about making money, but knowing how to effectively and efficiently manage the money you do have. Not every penny that comes in the door is automatic profit (though it is revenue). Bills must be paid, employees must get their earned salaries, and products or goods must always be in stock. With so many things to keep track on the money side of things, there are bound to be questions, often questions that thousands of other business owners also have. It's perfectly ok to have many questions surrounding your money; without knowing how to accurately allocate the funds you do have, it's difficult to know where your business actually stands. This is arguably one of the most important aspects of business, so understanding every part of finance and accounting is vital. Ask any and every question you can think of. Here's a list to get you started:
How do I set up a business bank account?
What’s the best accounting software for startups?
What's the difference between accounting and finance?
How should I manage cash flow?
What’s the difference between revenue, cash flow, and profit?
How do I set up a budget for my business?
What tax obligations do I have as a business owner?
Do I need a bookkeeper to track all the ins and outs of my cash flow?
What counts as a business expense?
Remember, there's no such thing as a stupid question, because someone else is bound to have the same question as you (you're just the first to ask). Truly understanding the financial side of business is what separates the successful and growing businesses from the consistently struggling businesses. Let's help you thrive!