• Essential Accounting Tips for Start Up Businesses

    Accounting tips for small business

    At least eight out of 10 start up businesses fail during the first 18 months, Forbes reports. Successfully funding and managing a new company can be extremely difficult. Even so, a great deal of businesses go under unnecessarily. There are relatively simple steps entrepreneurs can take to avoid common financial pitfalls. Here’s what you can (and should!) do:

    Pay Off Personal Debts

    The Small Business Administration (SBA) makes it perfectly clear: you are highly unlikely to secure a small business loan if you have any unpaid debts. “This is a tricky one for young entrepreneurs, especially if you are paying off student loans or credit card debt. Your chances of getting a business loan are seriously diminished by debt, even if you have the projected i Continue Reading