Money, not managing, is the biggest stressor for small business owners, according to a new study. More than 60 percent of business owners surveyed reported increasing stress levels associated with running their business, 45 percent said they spend more time than they'd like to on money management, and one in three said managing finances is the number one source of that stress.
How can a small business owner minimize financial worries? We asked Jay DesMarteau, Head of Small Business and Government Banking at TD Bank, which conducted the survey. DesMarteau says creating a real-world financial plan whether you are just starting or have been in business for 20 years can help. Here, in part one of a two-part interview, he shares some basic tips for conquering month-to-month money management woes.
Anyone can take a DIY approach to setting up a financial plan, but you should also be able to get some free advice from an expert where you do your business banking. "It's not like you have to payRead More »from 4 tips for managing month-to-month money worries