Stephanie leaped at the opportunity to become a spa owner. In her excitement, in getting up and running, she never opened a business checking account and used her personal checking account to operate her massage spa.

It wasn’t intentional, she was going to do it, but one day lend into weeks, which lend into months, which lend into the end of the year.

When tax time approached, Stephanie needed to get financial statements and financial documents to her tax accountant, she couldn’t remember who the purchases belonged to. Were these purchases and deposits personal or were they for the spa?

Having access to affordable benefits is one of the most significant challenges to entrepreneurs in America. Health care in particular presents challenges due to expense and importance of your health history.

I want business owners to enjoy financial wellness, but that means their overall health needs to be taken care of as well.

Whether it’s the right time for you depends on many factors. How many transactions do you make in a typical month? How much time are you currently spending each week and month on bookkeeping?

There a number of free tools that small business owners can use to assist them maintain their financial records.

As a business owner, you must continuously learn, adapt, and grow to keep your business in the best possible position to succeed. This means that professional development isn’t something that sits on your wish list–it’s a necessary investment.

March is here, and soon will come the blossoms of spring. So lovely! Unfortunately, there are a few less savory arrivals also marked by spring, like tax day. Are you prepared?

As a small business owner, part of your responsibility as CEO and CFO is to ensure that you have accounted for and reported your organization’s income and tax liability accurately. Ideally, you have systems in place throughout the year to track your revenue and expenses.

If that is not the case, no need to panic. With proper preparation, you’ll be ready for April 15. But the time to start is now. Here are three tips to help you get there.

Let’s talk about something you likely do every day: drive your car. When you’re in the driver’s set you determine where you go and when. You set the destination and the course. You feel a sense of relief and accomplishment when you arrive. You have control to set your path.

Now, think of that analogy when it comes to managing your business’ finances. You can take your place in the driver’s seat and take charge of your journey. Or, you can take a passive approach and be the passenger, with little say in where you’re going or how you get there.

Which method do you prefer?