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4 Dynamic Finance Tips

Financial management should be a top priority. It’s crucial to manage your finances effectively to achieve long-term success in business. Proper financial management can lead to better business decisions, more significant opportunities, and a comfortable life at home. In this email, we will discuss five helpful tips to get your finances in order. These tips will help you balance your books and keep your business moving in the right direction.

1. Create a budget: A budget is a crucial tool. It will help you track your finances and ensure that you’re only spending money on what is necessary. Start by listing all of your expenses including rent, salaries, equipment, supplies, and other operating costs.
2. Separate personal from business: ?Mixing your personal and business finances is a big no. It’s essential to keep the two separate so that you can have a clear understanding of your business’s financial health.
3. Emergency Fund: Building an emergency fund will give you peace of mind knowing that you can cover expenses if you hit a financial rough patch.
4. Taxes: Understand how taxes work and acquire expert advice to avoid being blindsided at the end of the year. Instead, plan your taxes in advance to take advantage of any tax-saving measures such as expenses deductions or tax credits

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My name is Erica Kesse, a consultant and Fractional COO with 20+ years of Healthcare Administration experience and being a Licensed Professional Counselor, I specialize in employee retention, engagement, and operational excellence through a 3 step approach: Assessment, Implementation, and Sustainability.?