As a small business owner, money takes up so much of your thoughts, that it really is the biggest topic on the table. Whether it be which bank to use, which electronic processing system, employee hours, whatever it may be, it all comes down to one thing. And, that one thing is... your money.It is important in small business to keep your money moving. Don't leave it sitting in the bank. Make it work for you. Keep it moving!
Here are four important tools for keeping your money moving!
Tool #1:
A GOOD accountant/financial planner. If I had to tell you one single tool, it would be this one. Your personal success and the success of your business depend on your financial decisions. You need to make sure that you have someone in your corner that knows the ins and outs of the financial world. This can truly make all the difference. Search high and low until you find someone that you can truly trust. If it takes weeks, months, even years. It will be a decision you won't regret.
Tool #2:
Stocks and Bonds. One of the quickest and easiest ways to keep your money moving. By dealing with the stock market, you can easily keep your money moving, earn more money,and become more successful. Just like the previous tip, having someone to work with you who you really trust is the key here.
Tool #3:
A great influx of business. You have to keep the money coming in! Whether it be by new marketing techniques, discounts, lower prices, whatever it may be, you have to keep the business coming in. You can't keep the money flowing if there is not any money!
Tool #4.
A cool head and lots of patience. Keeping your business going and your money flowing in and out is a full time job. You can't lose your cool and freak out over one bad deal or a bad day at the office . You have to keep your head on straight and know that good times and bad times are both a realistic expectation of a small business.
