Finance probably isn’t your favorite aspect of running your business, but it’s still an essential one. The great news is that you don’t have to be an expert to take advantage of some of the best financial resources available online. Here, get the lowdown on the best places to learn more about small business finances.
Blogs on Small Business Finances
Blogs are an excellent place to bone up on what you need to know to manage your own finances. These are just a few of what’s out there.
- Kabbage’s Small Business Blog. We pride ourselves on delivering useful content on financing your business, filing and paying taxes and DIY tips that keep you from having to hire an accountant.
- NFIB Small Business Finance Blog. The National Federation of Independent Businesses has a section specific to financial topics, like startup capital, borrowing and crowdfunding.
- Evergreen Small Business. While the blog goes beyond finance, it does have a healthy dose of content on technical QuickBooks tips, taxes and retirement and working with a CPA.
- Business Credit. If you’re considering a loan or funding, this blog will get you educated quickly. It provides tips on maximizing business credit cards, weighs pros and cons of unsecured credit and compares business financing options.
Small Business Finance Podcasts
You might prefer to glean your financial knowledge from audio, in which case, podcasts like these will be right up your alley.
- The Smart Passive Income Podcast. If you’re looking for guidance in adding passive income to your revenue stream, this podcast offers case studies, tools and tips.
- Entrepreneur On Fire. While this podcast covers a variety of business topics, it does provide insight into how certain companies succeeded in increasing revenues, which is great inspiration.
- Accounting Best Practices with Steve Bragg. While some of the content in these podcasts are geared toward accountants, there’s great content on audits, financial statements, spreadsheet errors and more that pertain to running a business.
- SCORE Small Business Success Podcast. SCORE always has great free resources for small businesses, and its podcasts cover more than marketing and hiring: crowdfunding, tax strategies and alternative financing are just a few of the finance-related topics covered.
- The Wealth Building Hour. This podcast hosts well-known financial experts who discuss topics like venture funding and planning for risk.
Online Finance Courses
If you want to go more in-depth on a particular aspect of finance for your business, taking a course online is a great option. Here are some to consider.
- Lean Finance for Startups – Everything an Entrepreneur Needs. This Udemy course is taught by Lili Balfour, who has advised more than 100 companies on financial-related topics. The course provides tips on growing revenue and increasing capital. The fee is $197.
- Learn QuickBooks Online: The Basics. If you are struggling with using QuickBooks, this Lynda e-course can get you on track. Get detailed instructions on setting up vendors, creating invoices, handling refunds and more. Lynda plans start at $24.99 a month.
- Finance: Time Value of Money. Smart.ly has a unique concept: offer an MBA-grade education online for free. You can take the whole gamut of courses or just focus on one aspect that interests you most, like this finance course. In it, you’ll learn about Net Present Value and the time value of money.
- Building Business and Financial Models. Coursera, another online learning platform, has a healthy number of courses for entrepreneurs, including this one. Hosted by Wharton Business School (one of the best), this course dives into quantitative modeling, modeling risks and realities and using quantitative models to make financial decisions. You can take different components for $95 or all five for $535.
- Finance for Everyone: Smart Tools for Decision-Making. A basic understanding of finance is essential for entrepreneurs, and that’s what you’ll get in this free EdX course. It provides an overview of finance tools and skills, as well as tips on decision-making.
If you find it easy to spend hours watching cute cat videos, you might prefer to absorb your financial wisdom by watching videos. Here are a few to get you started.
- Finance & Accounting. This YouTube channel features videos on alternative funding, end-of-year tax strategies, crowdfunding and more.
- Managing a Small Business for Financial Success. MarketWatch’s quick video includes interviews with financial advisors to get tips for entrepreneurs to manage their personal finances.
- TDBank’s Small Business Videos. The two dozen or so videos on TDBank’s site provide specific, useful tips on different aspects of launching and running a business. In the finance section, you’ll find videos on creating a budget, working with investors and preparing a balance sheet.
- Choosing The Right Accountant for Your Startup Business. If you wonder if you need to hire an accountant, this video on Vimeo will walk you through your options. It provides tips on what to look for in your search and how to get referrals.
- The Language of Business: Finance 101. If you’re looking for a short overview of financial terms you need to know, this YouTube video is a great introduction. You’ll learn basic financial terms and how to make smart financial decisions for your company.
Small Business Finance Books
We’ll round out this list with some great books for you to check out to bone up on your financial knowhow.
- Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble. Written by Bernard B. Kamoroff C.P.A., this book offers insight on getting your business started the right way and setting up your accounting system for success.
- Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine. Mike Michalowicz is a well-known small business author, and in this book, he turns traditional accounting practices on their heads with his edgy advice.
- Accounting for Small Business Owners. Produced by Tycho Press, this book is the ideal starter book for newbie entrepreneurs, and provides a well-rounded education in all things accounting.
- Finance Your Business: Secure Funding to Start, Run, and Grow Your Business. If you’re considering seeking funding, read this book created by the staff of Entrepreneur Media first. It outlines your various options for financing and guides you to deciding which is right for you.
- Deduct It!: Lower Your Small Business Taxes. Taxes are every business owner’s enemy, but this book by Stephen Fishman JD will make them a little easier for you. In it, you’ll learn what business deductions to take to minimize your taxable income.
Whew! This list barely makes a dent in the list of the best financial resources out there, but it’ll keep you busy for a while and quickly make you an expert on the subject. Even better: you’ll be able to apply your wisdom to running your business smartly.
Do you have other business financial resources that you’d add to this list? Share them with us in the comment section below.