In the second installment of the Five Financial Mysteries for Small Businesses, Jim explains how you can be profitable and not be cash-positive, and why cash in hand isn’t profit you can spend.
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Finance, Accounting, and Taxes
Do you know the difference between cash flow and accounting? Hint: Cash and profit are not the same. Avoid becoming a business mortality statistic by becoming an expert on the relationship between ...
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After this last installment of the three-part series covering The Five Financial Mysteries of Small Business, you should have a better handle on the relationship between cash, profit, accounting, a...
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This is the second of three articles on how to prevent your firm from becoming part of the increasing mortality statistics of U.S. small businesses. Hint: Profit and cash are not the same things.
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This is the first article in a three-part series on how to prevent your operation from joining the increasing mortality of U.S. small businesses. Remember Blasingame's 1st Law of Small Business: It...
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As the CEO of your small business, it’s your job to acquire, manage, allocate, and maximize all sources of capital. Blasingame's 3 Laws of Small Business Capital will help guide you through the pro...
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When the jury was still out on your business’ survival, you probably didn’t want to enter into a permanent location obligation. But if you think you’re going to make it, now might be a good time to...
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The classic financial benefits derived from small business ownership typically fall under two categories: earned income, like a salary, and unearned income, like distribution of profits. But there ...
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President Biden recently announced his plan to raise taxes on those reporting over $400,000 in income. Because most small businesses are Sub S corps, they may once again be disproportionately harme...
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Here's an update on the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act’’ – or PPP2, for short – which includes some excellent new provisions for small businesses.
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