Keeping Nickels My Own Damn Self

Physican, Heal Thyself”.  I am very good at giving advice to my clients on how to spend, save or invest their money, but not so good with my own money. My business has been been slow but my expenses are increasing. I need to pay more attention on how I spend and figure how to keep more nickels.  This week I will keep a spending diary and “keep my mind on my money and my money on my mind”.

June 28, 2007

$1.75 @ Bodega :Vitamin Water and New York Post (meals, office expense)

$9.00@ Salon: Eyebrows Waxing (personal beauty expense)

$8.00@Strawberry’s: sunglasses (clothes/accessories expense)

$10.47@S’wich: Chicken Sandwich (meals)

$7.03@ Whole Foods: Sushi (meals)

Summary: I spent 36.25. Not too bad. The sunglasses were necessary since my last pair broke. I could have skipped the sushi, but I was eating with a friend. My goal is to run $20 or less a day, and would have been close if it wasn’t for sushi and sunglasses. Sushi and Sunglasses. Try to say that three times fast!

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Accounting For NonProfits

I have a new client that is a nonprofit and even though I aced the class I took in college, I am wondering if there are the big differences between doing work for a profit and a nonprofit.  First thing comes to mind is how important budgeting is and keeping costs down.  Secondly  the decision to employ cash vs accrual accounting.  For a small non-profit, I think cash accounting is better, if only the volume of transactions is low and there is very little for accruals.  Anyway, I found a good guide for nonprofit financial management on the Alliance For NonProfit Management website.

Franchising: Another Way To Be An Entrpeneur

Perhaps you want to own your business, but you don’t want start totally from scratch. Franchising may be an option. Click through and check out the article below from the Wall Street Journal.
clipped from online.wsj.com
The franchising world is letting loose. Gone are the days of one owner being chained behind the counter of a single store day in, day out. Today, there are absentee owners who oversee their operations from laptops and Treos, and owners who maintain dual careers or run multiple franchises.

You’ve Come A Long Way, Baby

Women in business is a growing trend, despite of or because of the fact of the lack of pay equity.

Read: On My Own Two Feet: A Modern Girl’s Guide To Personal Finance by Sharon Kedar and Manisha Thakor.

Connect: Damsels in Success. I just read about it today so I cannot make any comparisons, other than it is not just for entrepreneurs, but also professionals and there is a job board.

Shop: Furniture retailers like IKEA are targeting female entrepreneurs to sell them stylish office furniture.

You’ve Come A Long Way, Baby

Women in business is a growing trend, despite of or because of the fact of the lack of pay equity.

Read: On My Own Two Feet: A Modern Girl’s Guide To Personal Finance by Sharon Kedar and Manisha Thakor.

Connect: Damsels in Success. I just read about it today so I cannot make any comparisons, other than it is not just for entrepreneurs, but also professionals and there is a job board.

Shop: Furniture retailers like IKEA are targeting female entrepreneurs to sell them stylish office furniture.