5 things small business owners and entrepreneurs need to know.

5 things small business owners need to know!

Here's a quick article on small business and what small business owners need to know about. 

These 5 tips will help small business owners and entrepreneurs stay focused, reach their goals, keep costs low and manage the stresses of owning a business.

If you've ever had to worry about covering payroll, utilities, and office on top of your home life and bills then you know what we are talking about! As a small business grows it is very important to be prepared! So here it is!

1)You Need A Business Plan!A business needs a business plan! Make a business plan and outline what your business is about, how your business will make money and which tools/resources you will need as a business owner. 

2.)Keep your business and personal finances separate: Make sure that your personal income and your business aren't sharing the same accounts. It's very easy to mix your finances and wind up over spending or running out of money! 

3.)Cut costs: Take the time to get the best rates and prices on the purchases and investments you make with your business. Consider using cloud systems and or phone to save money on office supplies and expensive business phone plans.  

4.) Be ready to grow!: Make sure that you are sticking to your goals and business plan, but also make sure that your are constantly learning, progressing and preparing for future growth and development.  

5.)Re-Invest!: Make sure that your business plan leaves room for growth and development. Save portions of your earning and put them away to re invest when needed. You never know when you will have a slow month, or when you might need to hire a new employee!