Money Matters blog

SHORTCUTS IN BUSINESS…….HMMM THEY CAN BE COSTLY

I often find myself in talks with people about business, entrepreneurs and the success of business people.  Most people tend to think that entrepreneurs have shortcuts, secrets to their success.  They rush off to seminars trying to figure out the secrets and of course looking for the shortcut!  I’ve said it before, but it bears repeating, “the thing about shortcuts is that one is never enough” ~ Kimberly Davis Shortcuts taken anywhere eliminates the knowledge that only process can…

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PAYROLL, A THORNY ISSUE; REMOVE THE THORNS

PAYROLL, A REAL THORNY ISSUE “While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don’t have the financial literacy to scale their businesses and attract investors.”    THIS QUOTE WAS TAKEN DIRECTLY FROM Shark Tank Entrepreneur, Daymond John and Founder of FUBU, titled the Number 1 thing Entrepreneurs need.   This, is definitely one of my favorite quotes and one I use often to promote my business. …

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ASKING FOR MONEY…PART 2; WHAT’S UP WITH THAT LOAN?

ASKING FOR MONEY PT 2 THE LOAN PROCESS I’ve mentioned money quite a few times and will mention many more, it’s my business to talk money!  I’ve also discovered the more I discuss money, the more I learn!  Money is a subject that is vast.  Understanding how to use it, when and where to place it for the best returns is ever changing.  Interest rates aren’t the same, saving accounts aren’t one type fit all! As a business owner,…

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FINANCIAL MYTHS DEBUNKED

FINANCIAL MYTHS DEBUNKED I was talking with a few colleagues years ago concerning money.  The debate was about being rich, being paid well and the secrets to becoming rich.  Their arguments to me were the following: People should pay their employees more so that the employees can be well off or financially fit just like the employer Wealthy people are stingy Wealthy people are greedy Wealthy people have secrets that the rest of us don’t know and that’s how…

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ASKING FOR MONEY…..TABOO SUBJECTS CANNOT BE IGNORED

ASKING FOR MONEY?! I write and discuss money quite a bit and for a southern girl, that’s not the cutest thing or part of our southern charm so to speak.  However, it is very necessary!  First and foremost, money is MY BUSINESS! As the Queen “B” of doing Business Better, LLC, money is what I do!  It’s the way I assist my clients in having better business by having good books!  So discussing money has become second nature.  Secondly,…

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MONEY TIPS YOU NEED TO KNOW

MONEY TIPS & KNOWLEDGE DROPPED Just because you start a business and that business makes money will not mean you know how to manage money better!  Having more money doesn’t make you better at managing it. Having a business and more money is the best reason to hire a bookkeeper! One should always have multiple bank accounts it is one of the best and most effective ways to budget! General Account – this could be your direct deposit account…

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THE ‘THORNY’ ISSUE OF PAYROLL WITH SMALL BUSINESSES!

PAYROLL, A ‘thorn’ in the flesh for a Small Business Owner…..that Elite Expert Can Remove! I’m probably going to quote this until the cows come home and for me it never gets old; “While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don’t have the financial literacy to scale their businesses and attract investors.”    THIS QUOTE WAS TAKEN DIRECTLY FROM Shark Tank Entrepreneur, Daymond John…

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TIME, MONEY, WASTING EITHER OF THEM AFFECTS BOTH OF THEM

MONEY & TIME If you aren’t a business owner or entrepreneur, people they are seem so mean.  Ask any employee and 90% of them will say that their boss or supervisor/manager (I hate the term ‘boss’) is mean! While I’ve had my times of not agreeing with those who worked in management, as an entrepreneur myself and future manager of employees; it is my job, my responsibility to view these things differently. This is my time to view and…

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TIME & MONEY……RELATIONSHIP….PART 3: THEY BOTH COST…..

TIME & MONEY: They both cost! What is your time worth? How valuable is it to be in your presence.  People love to use the term ‘help’.  Will you ‘help’ me start a business?  I need ‘help’ paying rent.  No one will ‘help’ get a fresh start.  I could be soooo much further if I had ‘help’.  I’ve lived long enough to know and understand for myself that EVERYTHING COST and rightly so! Anything obtained free isn’t valued and…

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TIME AND MONEY, DON’T THROW THEM AWAY!

TIME & MONEY, their relationship continues….DON’T THROW THEM AWAY! It can be exhausting to hear people discuss money.  The lying is epic! No one wants to admit that they are bad with money! No one wants to say, I had it but mismanaged it.  Instead they justify, lie, make excuses and pretend that EVERYTHING that they did HAD TO BE DONE!  Anytime, someone says that, it is a defensive mood of justification. Very little has to be done in…

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