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Cash Flow vs Income Statement Projections

Cash flow is to business what blood flow is to the body and without them; both entities will soon die . Dealing with financial institutions for start-up capital can sometimes cause you to lose sight of this as you are required to do a three year income projection and budget. While helpful in guiding you along the way, new…

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No Fruit Punch

Always Keep your Business and Personal Transactions Separated Although a fruit punch may be a nice refreshing drink to have, this mixing concept won’t work as well in all aspects of business. Never mix your business and personal transactions. Not only is this a violation of Basic Accounting Principles but it is dangerous to your business survival. One reason…

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