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 😓), you're saving it until there is...
‘The Best Damn Small Business Newsletter on the Internet’ archives
Budgeting Article Archives
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 metrics when you're spending like crazy and surviving on...
Reader question: “How can I intelligently cut back my recurring software subscriptions?”
It seems like everything is a subscription nowadays. You used to buy software once, use it for 3+ years, then maybeee buy an upgrade if you really needed it. Now, you gotta pay a subscription fee every month just to keep the software running. And, all those little...
An intentional, targeted mini-budget is better than a half-assed full-business budget
Budgets play a vital role in big businesses and startups. They keep everyone on the same page in those hectic or unwieldy environments where there isn't one point person (like the owner, a controller, CFO, or director of operations) calling all the shots and approving...
Understand your cash flow better with a master recurring expense calendar
Recurring expenses are a major, major factor in small business cash flow. Things like rent, utilities, payroll, loans/leases, and software expenses are constantly drawing against your business revenue, profit, and emergency fund/war chest. Understanding, anticipating,...
Credit card debt is like quicksand
Credit card debt is a funny thing. It's brutal and can quickly overwhelm your business with its 15%+ interest rates. But, it's frequently glamorized by entrepreneurs. Many entrepreneur influencers suggest funding your early-stage business with credit card debt or...