In step 5, of the “16 Steps to Starting a Business While Working Full Time," we will cover how to figure out your startup finances.
A balance sheet is one of the three primary financial statements used to monitor the health of your business, along with your cash flow statement and the income statement. Think of it as a snapshot of your company’s financial position — what you own and what you owe — at a singular point in time, like at the end of a month, quarter or year.
When starting a corporation, you must decide whether to authorize and issue stock to your shareholders. Many entrepreneurs are surprised to discover there is more than one type of stock and that different stock classes come with their own unique benefits and disadvantages.
In this webinar, Brock Blake, CEO of Lendio, looks at the business funding trends over the past 20 years and how banks have changed their small business financing strategies. Read more
Creating a new business can be a tough journey. Doing so while working full-time may seem tougher, but this route actually offers several benefits. You can continue earning money to put towards your startup. But even if you only work an hour a week building your company, you still need a business plan.