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HBO's TV show Succession has become a compelling exploration of power dynamics, loyalty struggles, and the pursuit of legacy. As we delve into the captivating world of the Roys, we discover that this fictional portrayal offers more than just entertainment—it provides valuable insights that mirror the challenges faced by real-life self-employed individuals embarking on the journey of succession planning.

Finance management plays a crucial role in any business, especially for its smooth functioning and sustainable financial stability. As a significant and integral part of financial management, financial planning works like a medium that helps business owners ensure better utilization of finances in order to keep their company financially secure for the future.

Running a successful small business isn’t just about the day-to-day actions of keeping your operations afloat. You need to have a firm focus on the future. As such, making the right investments into your small business is an essential element in ensuring your future is well guided and supported.

Congratulations on starting your own small business. You’re finally self-employed. Being your own boss comes with a lot of perks. You can take long lunches and create your own schedule, but it’s also a big step with a definite learning curve. Much of that learning relates to money. You’re not getting a regular paycheck anymore. How are you going to pay the bills every month and still save for retirement?

Although financing in the post COVID world will be more challenging for many small businesses, there are financing options available, you just need to look in the right places. As we’ve witnessed in past recessionary times, the sad truth is that there will be fewer options available as many lenders tighten up their creditworthiness criteria and others step away from lending to small businesses entirely—at least for the short term.

Now more than ever, companies are allowing increased flexibility when it comes to employees’ schedules, as millennials are more interested in becoming entrepreneurs and working from home than at a 9-5 office job as well. Although one advantage of working from home is saving on gas and time spent commuting, you also increase your own energy costs. Depending on your business you will most likely be using your internet, printer, laptop and any other equipment to keep on top of your work, ultimately contributing to a higher energy bill at the end of every month. Saving energy while working at home doesn’t have to mean you end up freezing in the dark just to save a few bucks. Incorporating even a few of these tips a day can make a bigger difference than you may realize. The more energy-saving tips you can tackle, while remaining comfortable in your own home, the greater your chances of saving energy.

I hope 2018 was a great year for you and your business and that your expectations for 2019 are even better. Most of you haven’t even begun to think about taxes for 2018, but I wanted to start the year asking you to think about taxes for 2019. I know, I know, who cares about a tax return that isn’t due until April of 2020 but I will put my money where my mouth is. You may have heard me say that almost all tax savings ideas, the really good ones, end as the New Year comes in. Most great ideas have to be considered and implemented before the end of the year and before you actually start filling out any of those silly IRS tax forms. I want to help you save up to $5,000 in taxes for 2019 just by reading this idea and then saying, “Yes”!

When you are operating a business there is nothing as bad as a missed opportunity. Any unexpected event whether manmade or natural can greatly disrupt your business. To avoid such problems it’s very important to create a business continuity plan. A good business continuity plan will help you reduce the loss and downtime in case there is a disruption. It will also help boost your employee and customer confidence and ensure that your business is back on track. Read through to learn some of the tips that can help you.

The nasty secret of being a new entrepreneur is that your tax bill might be way higher than you'd imagine. When you're driving for Uber, delivering for Amazon, picking up freelance jobs or otherwise participating in the gig economy, you aren't working for a boss who is required to withhold taxes from a regular paycheck. As a result, you're subject to some fairly complex tax rules.

With news of today’s “clean slate” tax reform framework introduced by Senate Finance Committee Chairman Max Baucus (D-MT) and Senator Orrin Hatch (R-UT), The National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-business, is calling the move “an encouraging sign”.

The National Association for the Self-Employed (NASE) understands the current budget situation our country is facing and supports efforts to work towards minimizing the federal deficit. However, we feel that the Administration’s proposals relating to the tax gap would hinder tax compliance while also significantly impairing our nation’s entrepreneurs.

When running a business, you need to understand how to run and track your money well before your business can commence, which areas of your business you can automate or outsource, and which experts you should consult for the guidance you need to help you do well.