by Michael Eckstein | Jun 25, 2022 | Accounting, Budgeting, Savings
How to build an emergency fund Saving money and building an emergency fund isn’t fun. In fact, it’s pretty much the antithesis of fun. Saving is the ultimate delayed gratification. Instead of using money today for something you enjoy (or a surprise bill...
by Michael Eckstein | Jun 18, 2022 | Accounting, Budgeting, Cash Flow
Think about burn rate and runway while scenario planning Startups frequently describe their financial health in terms of burn rate and runway (respectively, how much money they’re spending per month and how long until they run out of money). Those are important...
by Michael Eckstein | Jun 11, 2022 | Accounting, Cash Flow, Pricing
4 ways to charge clients upfront New entrepreneurs and business owners frequently fall for the Net 30 trap. They accept Net 30 payment terms (aka, getting paid 30 days after the invoice) because they think that’s just how business is done. They don’t...
by Michael Eckstein | Jun 4, 2022 | Accounting, Wealth
How to stop worrying about money (hint: the answer is math) Managing small business finances can be stressful for even the most seasoned business owners (and outright intimidating for newer entrepreneurs in their first few years). You need to manage invoices, pay...
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