In today’s weekly link round, it’s all about cash flow, tax audits, and learning how to think like a chef. Have a great weekend, everyone!
Entrepreneurship: Sometimes Work Is Just Work @ A Practical Wedding: Your passion drove you to start your own small business, but now that you’re here, it can be hard to see the green grass. You haven’t made the wrong choice! Sometimes, work is still just work.
10 Cash-Flow Surprises That Could Kill Your Startup @ Entrepreneur: 90% of small and startup business failures are caused by poor cash flow. Martin Zwilling at Entrepreneur offers ten great tips for small business and startup owners to “maintain a certain reverence for cash”—and make it to the next level.
How to Better Manage Your Cash Flow @ Entrepreneur: A few more words on cash flow today: “Prepare cash flow projections for next year, next quarter and, if you’re on shaky ground, next week. An accurate cash flow projection can alert you to trouble well before it strikes.”
These 6 Things Can Lead to IRS Tax Audit @ YFS Magazine: According to TaxReceipts.com, small business owners are 940% more likely to be audited than W2 wage earners! Here are six easy things you can do to keep your records keep and your audit probability low.
For A More Ordered Life, Organize Like A Chef @ NPR: Americans spend almost $10 billion per year on self-help and organization, but Dan Charnas at NPR says maybe all we need to do is look into the kitchen. In the culinary world, it’s called mise-en-place (put in place), a practice, “a way of life … it’s a way of concentrating your mind to only focus on the aspects that you need to be working on at that moment, to kind of rid yourself of distractions.”