The Business Owner's Financial Toolkit - The Business Owner’s Financial Toolkit

The Business Owner's Financial ToolkitWhether you are expanding to new locations, hiring staff, or managing debt, there are many financial facets to scaling a business.Contents

Building a business

Building Credit

"Everybody needs to have credit. Establishing credit is absolutely key."

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Managing Cash Flow

"We do call it cash flow management, and the term management is, an active term. Business owners should think about them having some control and being active in that."

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Navigating Taxes

"When it comes to paying less tax, if you don't have the receipt or documentation to prove what you're putting in your tax return...you're likely to owe later."

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Building a community

Taking an Omnichannel Approach

"Each platform has its demographics and caters to different interests and user bases. Doing quick desk research can help you decide which ones are right for your business and offering."

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Sell Any Way You Want

"The goal of omnichannel is to make a seamless commerce experience for your customers. Interacting with a business, regardless of if you're coming from social media, your cell phone, or in person, you expect things to just work."

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Support Employee Wellness

"Which task is causing the most pain (that can be in terms of cost, time or stress). Once you've identified that, think about what you can set up easily because some automations will take a lot more time and energy than others."

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Building a legacy

Generating Profit

"There are some good practices many businesses can take hold of. The best thing is having an owner who is active, who understands what's happening in the business."

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Operating a Family Owned Business

"The first thing? Have an end game, have a game plan. The other thing you need to do is have options."

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