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Dare to Lead: Gaining Clarity for Financial Decisions in Uncertain Times

Dare to Lead: Gaining Clarity for Financial Decisions in Uncertain Times

by Donna Lim | Apr 16, 2020 | Small Business, Tips and Tricks

I’m currently reading Dare to Lead by Brené Brown and although I’m not ready to do a newsletter series on it yet, I wanted to borrow something from this book. Let’s rumble with vulnerability. There are many attributes to Daring Leadership, but I just want to bring out...
Understanding the Payroll Protection Program (PPP) & SBA EIDL Loans for Your Business

Understanding the Payroll Protection Program (PPP) & SBA EIDL Loans for Your Business

by Donna Lim | Apr 2, 2020 | Small Business

The Payroll Protection Program is one of the hottest topics around. The rules state that it can be used for payroll, rent, mortgage interest or utilities. However, 75% of the funds must be used for payroll. You must retain/rehire back your employees for the 8 weeks...
Understanding HR 6201: Emergency Family and Sick Leave Provisions for Small Businesses

Understanding HR 6201: Emergency Family and Sick Leave Provisions for Small Businesses

by Donna Lim | Mar 21, 2020 | Business Planning, Taxes

HR 6201 is in response to the massive amounts of people now out of work and school. The first part of the bill deals with food programs and I’ll let you read up on that for yourselves. For now, my focus will be how this changes our businesses. First there’s a change...
How to Maintain Liability Protection for Your Corporation

How to Maintain Liability Protection for Your Corporation

by Donna Lim | Mar 7, 2020 | Organize, Taxes, Tips and Tricks

When you started your business, you may have formed a corporation to protect your personal assets from lawsuits against your company. However, you must also operate your business like a corporation — or risk losing the liability protection you expect to have. The...
Customizing Your Profit First Accounts for Financial Clarity

Customizing Your Profit First Accounts for Financial Clarity

by Donna Lim | Feb 20, 2020 | Business Planning, Organize, Profit First

In the beginning of Profit First, Mike Michalowicz suggests that you set up these 5 accounts: Income Profit Owner’s Compensation Taxes Operating Expenses These accounts are meant to help you manage your business’ finances at a glance without the need for an up to date...
How to Increase Profit by Boosting Efficiency and Finding the Right Clients

How to Increase Profit by Boosting Efficiency and Finding the Right Clients

by Donna Lim | Feb 7, 2020 | Efficiency, Profit First, Tips and Tricks

The truth of the matter is – you do have money in your business that’s waiting to be used properly. You can realize a higher profit in a couple ways. First – let’s talk efficiency. Are you sure your business is doing things efficiently? I’ll give an example from my...
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