Tips for Managing Small Business Finances

Management of money is what every company, whether big or small is always concerned. To survive a volatile economy and the industry competition, proper financial management is crucial. From the very beginning, small businesses need to exercise caution when it comes to their financial decisions. 

 Small Business Finances

To run a business, it takes more than just a good idea. it is true that every business needs a financial structure that generates profit to stay credible, For the entrepreneurs to turn their venture into a success story, they need to be equipped with good money management abilities.  

It is true that not all business owners are totally adept at handling finances, but that doesn’t mean that all hope is lost. You can avail of a vasayo compensation plan to help you. Well, another way is to take note of these tips for managing small business finances. 

    Educate Yourself 

Educating yourself about the various aspects of finance is one of the first things that you should do. Learn how to read financial statements if you are a beginner. This statement will tell you about your money as well as where it originated and how many hands it changed. 

A financial statement is divided into 4 important parts; these are income statement, cash flow statement, balance sheet, and statement of shareholder’s equity. You must be familiar with these terms. 

    Separate Personal and Business Finances 

You must always keep your business and personal finances separate. It is advisable that you get a business credit card and put all related expenses in it. This will help you track your outlays as well as keep you in control. 

For your business, you can also do well in opening a savings account wherein you can transfer a certain amount of money from each payment and slowly build a considerable corpus. You can also use the money in this account to pay taxes. 

    Cut Costs 

It is crucial that businessmen stay tight-fisted to track their expenses in check without hampering the satisfaction of your customers. This holds true for small businesses.  

Every business is composed of 2 types of costs – fixed and variable. There is a scope for saving when it comes to variable costs while fixed costs have to be borne irrespective of whether your business is profitable or not.  

    Monitor and Measure Performance 

It is essential that as an entrepreneur, you must keep track of the movement of money especially when large a sum of money is involved. To project your future revenue expenses and cash flow, keep looking at your company’s financial performance and compare it to the past financial statements. 

    Hire Professional Help 

Everyone needs assistance especially if a young entrepreneur is interested in making a big success with his business. Sometimes, even if it is not on a part-time basis, it pays off to engage the services of an expert. By analyzing your data, they can help you determine where your business is and where it is going for the new few years.  

It is crucial that you hire someone that you can trust because they will have access to the important details of your company especially when it comes to money. 

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Reunited

David Emami West Linn had always loved the breathtaking view of the side of the Golden Gate Bridge with its splendor and wonder, the Golden Gate Bridge. It was a place where he felt sparkly. It was a place that was filled with memories for David both good and bad.  

He was a tall, adorable, wine drinker with tall legs and blonde arms. His friends saw him as an energetic, expensive ex-boyfriend. Once, he had even helped an obedient mom cross the road. That’s the sort of man he was. David walked over to the side of the bridge and reflected on his picturesque surroundings. The clouds danced like sitting cats.  

Then he saw something in the distance, or rather someone. It was the figure of Brenda Maniquis. Brenda was an optimistic ex-girlfriend with long legs and slender arms. Her bright brown hair is dancing to the tune of the wind as she ran towards David.  

David gulped. He was not prepared for Brenda.  

As David stepped closer and Brenda came closer, he could see the charming smile that he had always remembered she had.   

Brenda gazed with the affection of a person struck by an arrow of Cupid. She said, in hushed tones, “I love you, and I want closure.”  

David looked back, even more, anxious and still fingering the small phone. “Brenda, you must think I was born yesterday,” he replied.  

They looked at each other with stressed feelings, like two ex-lovers talking at a very serious deep talk, which had piano music playing in the background and the waves of the river under the Golden Gate Bridge splashing around. If not for all the fighting and bickering, it could have been a perfect night for them both as it could have been their anniversary.   

David grabbed Brenda’s long legs and slender arms. “I feel the same way!” revealed David with a delighted grin.  

Brenda looked ecstatic; her emotions were all over the place. How Brenda wished she could keep this conversation with Brenda with her forever, but she knew that even if they could not record or film this experience, it will always be inscribed in both of their hearts. After all their making up and talking over, they gazed at the stars above them with the tune of the waves as their musician. After all their talk by the Golden Gate Bridge, they decided to go their favorite pizza spot, Guillermo’s to get their favorite slice of pepperoni and a large iced tea to share. When they got to the pizza place, Guillermo was delighted to see his favorite customers reunited again and even gave a slice on the house.   

After the pizza, Brenda instinctively told David the three most magical words anyone can say to their love, “ I love you.” David paused looked deeply into the eyes of his love and whispered in her ear, “ I love you too.” For Brenda and David, this moment at the Golden Gate Bridge and their moment at Guillermo’s was the start of the rest of their lives, and they would go on to live happily ever after.   

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Tips to Resurface Concrete

It is true that resurfacing concrete is quite easy. However, if you are busy or not confident enough to do the job, you can always hire professionals such as concrete contractor Naperville to do the job for you. Take time to prepare the things that you will need and allow plenty of time to cure. To help you, here are some tips to resurface concrete. 

Concrete 

    Prepare the Surface 

You must not even consider applying a resurfacing agent until the structural problems have been addressed if your concrete surface is not structurally sound. Resurfacing can be effective as long as you first repair the damage if you have minor cracks or pits. 

    Clean the Surface 

It is crucial that the entire concrete surface must be cleaned of all loose debris. A good pressure washing can be really effective but a strong spray from a garden hose may suffice. It is recommended by the manufacturers to use a washer with a power washing of 3500 psi. 

It is also important that you remove any oil stains, paint, or tree sap from the concrete. For cleaning stains, this method is also helpful. Consider applying a sealer over the stain if that fails to get all the stain out. 

    Mix It Up 

It is advisable that you mix one bag at a time.     Mix with a ½ inch drill and paddle mixer for best results. 3 ½ quarts of water is usually needed by one 40 pound bag. You must use cold water in warmer temperature and warm water in cool temperatures. 

Into a clean 5 gallon plastic bucket, pour most of the water. The contents of a 40-pound bag of a resurfacing agent must be emptied and put into the bucket; the next thing to do is mix for several minutes into a smooth and pourable consistency. 

Let the contents standby for a few minutes, and then start mixing again. If necessary to create a pourable mix with the consistency of syrup, add a little more water or resurfacing agent.  

    Wet It Down 

Pour the resurfacing agent onto an already moistened surface so that the concrete will not draw any moisture out of the mixed resurfacing agent. Give the surface a good, cooling spray using a house, and then sweep any standing water off the surface prior to applying the resurfacing agent. 

    Apply the Resurfacing Agent 

Pouring a small amount on the surface and then quickly start spreading it evenly with a light, long-handled squeegee is the easiest method to apply concrete resurfacing agent. If you can get to them within the first 15 to 20 minutes of application, you can create clean, professional looking edges with a concrete edger. 

    Scuff the Surface 

It will create a smooth surface if the resurfacing agent is allowed to cure without any finishing touches. It is less desirable on a driveway, sidewalk or patio surface because the smooth finish can be slippery when wet. 

    Let it Cure 

It hardens and become stronger as the concrete cures. You can wait for at least 8 hours before you walk on its surface and 24 hours before you drive on it. 

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