Starting a business is an exciting time filled with many questions that need to be answered.  Check out the first article in this series where I talk about what questions to address first.  Once those questions have been answered, you really need to stop what you are doing and think about your business finances. For the small time operate out of your home business owner, chances are you will be able to handle the financial aspect on your own.  However.  Please don't think you know it all.  In my experience with consulting companies, the first mistake most owner's make is they think they can handle everything.  While this may be true in the beginning days, there will come a point that you need to consider handing things over to a specialist. If you are a do it yourself-er, don't make the mistake of thinking you need some expensive software.  Quicken is an adequate program to use, and as money allows, you can always upgrade to Quickbooks.  For the companies that I work … [Read more...]