Top Financial Articles — Financially Simple

Congratulations, you have found Financially Simple’s most popular financial articles. Learn what others like you are learning in order to make their lives… Financially Simple.

May 3, 2019

Benefits of Hiring a Spouse As An Employee

May 3, 2019

Hiring A Spouse as An Employee – A Smart Option with Many Benefits

Have you ever thought, “Can I hire my spouse?” It might be that you are having trouble with extremely low staffing numbers due to the labor shortage. Or it could be because you need additional “temp help” because you are in a phase of rapid growth. Either way, such a move might present you with a golden opportunity with a variety of previously untapped benefits. Let’s talk about why hiring your wife or husband may just be a great staffing and financial option!

April 10, 2019

Selling a Business with Debt strings attached

April 10, 2019

Selling a Business with Debt: Is it Possible? Yes But…

Oftentimes, business owners do not think about the liability side of the business sale. What happens to your business debt when you sell your company? Will the buyers assume the debt? Will you use proceeds from the sale to pay off the debt? What if your debt scares away potential buyers? If you are preparing to sell your business within the next five or ten years, any existing debt or any new debt you take on is going to create risk in your company. An increase in risk can lead to a decrease in business value. So before you finance another piece of equipment or before you utilize a business line of credit, decide whether the increased risk is worth the potential decrease in value to your business.

March 15, 2019

How Much Cash Should You Stash in Your Business and Personal Accounts?

In my most recent Value Growth article, I mentioned that a CFO, or the person who leads your finance department, should oversee four divisions of your business – treasury, tax, accounting, and finance. Subsequently, those in the treasury division of your business handle cash flow, investments, accounts receivable (income), and accounts payable (expenses). Since cash flow is the bread and butter of your business, I want to discuss that. Specifically, I want to talk about how much cash you should stash in your business and personal accounts.

March 6, 2019

3 Operational Issues that Weaken Your Business’s Infrastructure

If the operational and management systems in your business are not working to add value and growth to the company, you need to start looking for the cause of the problems. You may have to look long and hard. Yet, keep at it. Most likely, you’ll find that the root of your problems comes from one of three operational issues.

January 31, 2019

Cost of Capital – How It’s Calculated and Its Effect on Business Risk

As a business owner, you sometimes use gut instinct and common sense guide you. But can you realistically make an unbiased decision about a purchase in your business based on instinct alone? Of course not. You must know whether the cost of your business capital is worth the risk it imposes on your business. In other words, you must know the actual costs of your business purchases to know how they affect the long-term value of your business. So, let’s talk about how to do the math of Cost of Capital calculations.

December 10, 2018

how your personal values affect your business

December 10, 2018

How Your Personal Values Affect Strategic Planning Decisions in Your Business

Your values are important in guiding your actions along life’s journey. Likewise, your personal values affect your business life as well, driving your decisions and your performance as a small business owner. We’ll discuss these values so ideally you can align your business’s vision and mission with them and hire people who align with you.