The cash flow of a small business is not unlike the act of breathing. Fresh oxygen (cash earnings) in; carbon dioxide (cash expenses) out. For most of us, our respiratory system takes care of itself. Our financials, on the other hand, need special care. Good news: you don’t have to be a CPA to successfully manage cash flow for your small business. With a watchful eye and the right accounting system, you have complete control over what comes in and what goes out. Here’s a quick primer on the concept of cash flow and how to keep yours in balance. Read more
Most small business owners don’t consider themselves number crunchers. Entrepreneurs are a different breed. They have a passion for what they do with the skills and talent to match. They want to focus on what they love and who they serve. Numbers are a necessary evil of running a business. Sound familiar? You’re in good company. A 2014 Intuit study found that more than 40 percent of small business owners identify as financially illiterate… and yet 81 percent of them do their business’s finances themselves. This could be why half of all businesses fail within 5 years. This doesn’t have to be you. Managing money, taxes and accounting isn’t as hard as it looks when you’ve got the right tools and good habits to back them up. In fact, mastering your own accounting will give you insights into your business you wouldn’t find any other way. Here are 6 helpful habits you can use to gain complete control over your finances. Read more
Our partners over at ABMP are offering a free continuing education event just for massage therapists, starting May 22! The ABMP CE Summit 2018 is an exciting opportunity to join some of the leaders in our profession online and gain a deeper understanding of the common client conditions you see in your practice every day. Interact with the presenters live online and learn valuable techniques you’ll be able to use in your practice immediately! Your free event registration gives you access to all six webinars. ABMP members, your registration includes both access to the presentations and the ability to earn CE for each presentation. Not an ABMP member and want to earn your CE hours for these presentations? Learn more and sign up for free today by heading over to the ABMP CE Summit 2018 Event Page.
As a healthcare professional, you’ve got the magic touch to help people feel and be their best. But do you give your business the same time and attention you offer to your clients? Many businesses falter – not because their owners aren’t great at what they do, but because they don’t make time for the tasks that come with running a small business. Our advice? Ensure your business becomes and stays prosperous by checking on and maintaining its health every step of the way. Here are 4 ways to help your small business stay in tip-top shape. Read more