As someone who has worked with entrepreneurs and business owners for over 20 years, I noticed that many lessons can be learned from simply watching or reading the experiences of business leaders. The truth is, learning is a super power for those who own a business. You will need to read, watch, and pivot in…
Entrepreneurship is a rewarding and challenging journey. It requires a unique set of skills and traits to be successful. More people are choosing the entrepreneur route each year, including more than 31 million in the U.S. alone. While there are many skills that entrepreneurs need to possess, here are five of the most important ones.…
You might have considered becoming an entrepreneur in today’s “Side Hustle” culture. In fact, according to the U.S. Census Bureau, nearly 4 million new businesses are opened each year. But what does it mean to become an entrepreneur? An entrepreneur, by definition, creates a new business bearing the risks and enjoying the rewards. The process…
Starting a new business is so exciting. Many plan for years to nurture an idea or obtain the training they need to offer a new skill. Still, one area of starting a business leaves many entrepreneurs feeling out of their depth, and that’s managing their accounting. There are a few accounting basics that a startup…
Have you recently opened a new business but are stressed about accounting? We get it. Accounting, bookkeeping, payroll, invoices, taxes. It can be a lot to process. However, Cassmer Ward has 20 years of experience in the world of finance. With his extensive experience in accounting and education, he is uniquely qualified to help you…
As a small business owner, you must wear multiple hats daily, especially when first getting started. If accounting is one of those hats, and even if not, you should become familiar with the seven basic concepts below. Accounting refers to the measurement, recording, and communication of all financial aspects within a business. Financial accounting will…
If you are an entrepreneur, you probably wear many hats within your business. However, financial accounting is an essential skill set that will ensure the success of your organization. The primary skills needed in accounting for entrepreneurs are financial projecting, accounts payable and receivable, bookkeeping, cash-flow management, fiscal and expense reporting, tax filing, payroll,…
Small businesses are the backbone of the American economy. They create two out of every three new jobs in the country and account for more than half of all private-sector jobs. But as any small business owner will tell you, keeping your business afloat is a constant challenge. One vital way to stay on top…
Anybody who has ever run a small business can tell you that it’s a constant juggling act. You have to wear several hats every day to keep moving forward, including handling the financial side. Some people can pick up a few small business accounting books and puzzle things out in no time. Others know when…
For most people, the thought of starting a business is intimidating. The challenges are many and varied—from developing the idea to picking an appropriate location for your startup’s office space. Even though there are plenty of resources available for new entrepreneurs (online courses, mentorships, books), it can still be challenging to know where to get…