It can be a real challenge for a new entrepreneur who doesn’t regularly balance his or her personal checkbook to adjust to the demands of business accounting.  Business accounting is a critical discipline that the business owner either must learn and adopt – or must outsource to someone else.  No matter how small your business is, you simply can’t run your business as if it were your home.  There are many solid reasons for this.

One reason is that in business it is far more likely that more people are going to have claims on your money.  Lendors, vendors, employees, and Uncle Sam all need to get paid.  These obligations create liabilities that your checkbook doesn’t show.  How much should be set aside to pay the bills?  How much do you need to reserve for tax payments?  What about those business loans?  It is simply too hard to track in your head. Read More→

• The Golden Rule in Business The Golden Rule is an important part of our society's virtue ethics.  It focuses us on our duties and responsibilities to one another more than on our individual rights.  It invites us to focus our attention on respecting and preserving fairness and the rights of others.  In business, we are......
• 11 questions that can help you choose the best business entity for you Small business veterans may differ on politics, taxes, management styles and even on business models. But one thing they generally agree on is this: the business world is a dangerous place. In business, there is potential trouble literally everywhere  - contracts, product liabilities, employee problems, intellectual property mistakes, etc. -......

• Running Out of Time? How to Catch Up Financially Before it is Too Late
• Individual Development Accounts: The Best Poverty Assistance Program that We Never Hear About.