Business Finances
Business Finances
Master Your Money, Grow with Intention.
The Business Finances column empowers female founders to take control of their cash flow, pricing, profitability, and tax strategy. From budgeting and forecasting to smart investing and financial systems, we break down what it takes to build a business that funds your freedom—without the overwhelm.
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3 Ways To Avoid Your Business Losing Money
Understanding the statistics that around half of businesses fail in the first few years due to money issues and poor cash flow is crucial. However, every business owner worth their salt also knows that there's more than one way to lose money as a business. From incorrect pricing structures to excessive outgoings or poor financial habits, the list can go on and on. By avoiding the following, you can build a solid foundation upon which you can go from strength to strength.
Common Expenses Businesses Forget to Factor In
Most people, when starting a business, will need to develop a business plan, and in that plan they will need to list their expenses, so they can work out how much they will need to charge for their products or services to make a profit. When doing so, it’s easy to factor in things like the cost of utilities and raw materials, but there are some sly expenses that so many businesses forget to factor in, which can come back to cause them a problem in the future.
How To Simplify Your Finances As A Business
Simplifying your finances as a business is important because you never truly know what might be waiting for your company, good or bad.
The pandemic is proof that you shouldn’t be too complacent about your business's finances. If they’re not looking healthy right now, it’s time to change that for the company's future.