Good Financial Reads: Business Insights for Business Owners

Balancing Community Support and Profitability: A Guide for Small Business Owners

by Dawn Mabery Chestnut, Mabery Consulting, LLC

For many small business owners, the drive to make a positive impact on their local community is often at the heart of their mission. Whether it's offering affordable services, sponsoring local events, or simply being a cornerstone of their neighborhood, business owners take pride in giving back. However, the sudden passing of a small business owner who was widely known in the community for their high-quality work at affordable pricing has highlighted a painful reality.

Prioritizing community generosity without careful attention to personal financial security can sometimes lead to unexpected financial challenges, raising the question: how can small business owners balance helping their community while securing their own financial well-being?

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How Washington State Excavation Contractors are Doubling Their Profit Using Fringe Benefits

by Nathan Bender, Black Bishop Financial Group

For civil contractors in the Puget Sound controlling costs is going to be the NUMBER 1 factor on whether or not you win that bid, this couldn’t be more true for dirt movers. With prevailing wage being what it is in Pierce County, roughly $65 per hour for labor and $80 for operators; many companies have been feeling the squeeze in margins. This article will discuss some proven strategies for public works excavation companies to start winning all of their bids.

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How to Separate Personal and Business Finances: Essential Tips for Entrepreneurs and Business Owners

by Christopher Stroup, Silicon Beach Financial

In the early stages of running a business, one of the most common mistakes entrepreneurs make is mixing personal and business finances. It’s a quick fix that seems easy in the moment, but this lack of separation can lead to serious financial headaches, legal issues, and missed opportunities. For small business owners and entrepreneurs, establishing clear boundaries between personal and business finances isn’t just a best practice – it’s essential for long-term success and protection.

This guide will walk you through the process of separating your finances, from setting up business accounts to tracking expenses while considering your legal structure. By following these strategies, you'll not only protect your personal assets, but also streamline your tax filings, improve financial clarity, and position your business for growth.

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