Elorus Team

Financial statement analysis guide for small business owners

There are undeniable perks of being a small business owner, as we have previously discussed several times. Running your own business gives you flexibility, yet better control of your finances, so you can navigate it towards success. However, in order to calculate your next moves carefully, you need to monitor how your business is doing financially. Your …

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secured small business loans: Are they for you?
Elorus Team

Are Secured Small Business Loans for You?

Growing your business often means dealing with the business challenge of finding a way to tap into additional capital, which you may not necessarily have in your bank account. Since money trees aren’t real, the next best option to planting one is to seek out some type of business loan. A secured business loan is one type …

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Elorus Team

Business budget planning tips for SMEs and freelancers

Budgeting – a process feared by the unprepared and a useful tool on the hands of every successful small business owner. Every new beginning in life needs a little bit of planning before testing the waters.  Before opening your own small business it is crucial to have a good estimation of your finances and how money is …

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Elorus Team

Financial planning and budgeting tips for freelancers

As we have previously mentioned, being a freelancer entails several benefits but taking huge leaps of faith, as well. One of the risks commonly encountered is financial insecurity; either this means lacking a budgeting plan or collecting payments from customers. It is not easy to figure out early on how to budget your money and even save for retirement as a …

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Elorus Team

How to effectively manage your business’s cash flow

A business’s cash flow is considered to be the true indicator of its size and has the power to lift it up or take it down. Good cash flow reveals solid structure and carefully planned moves while poor cash flow management results in problems that can impede the growth of your firm. How to manage …

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Elorus Team

The 5 most common accounting mistakes small businesses could easily avoid

Running a small business may sound as a piece-of-cake project; but being responsible for every aspect of operations is not an easy task. Small business accounting and invoicing can be a big deal if you are not well-informed or had no previous experience. Given the fact that no one is perfect, accounting mistakes happen every day. However, …

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