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Saving money helps your capital
posted by number generator @ 10:25 PM
Wednesday, July 1, 2009
Saving money for your business is always a great thing to do. A good rule to save money and put it aside is to move an extra 15-25% of your profits to a savings account. You never know if you may have a rainy day and need help. What if your business slides due to weather condition, or new road construction.
Having the extra money is a good way to have more in the long run. Dont spend the extra money because you have it. If you have enough, put it into a CD, annuity, or a high percent money market account. Put your money to work for you. Business checks that you write from is a good way to keep organized with it, as you keep track of your other funds in your accounting program