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Money management is extremely important if you own a business. All small business owners, no matter what size or stage they are in their growth, need to understand how money comes in and goes out of their business-if you ignore budgeting details, your venture might not be successful. There are many similarities between budgeting for yourself and budgeting for your small business. When you understand the basics of money management for yourself, you will be more prepared to set up a budget for your company. Welcome to The Marketing Parlour podcast, small business masterminding on the go for the independent retailers, organizations, service based providers, artisan product creators all with the intentions of servicing their local communities. This is a time for you to really take initiative on your business financial health become more honest and aware of the state, especially since tax season is just around the corner from the new year! Checkout the show notes: www.themarketingparlour.com/002

There are many types of small business options available for people looking for the right venture. Although there can be almost as many variations of the business archetype and model as there are people who undertake a new business, most small businesses fit into 4 main categories. They are also based on their legal and ownership structure, company size, business location, and whether they are virtual, startups, supplier, or brick-and-mortar businesses. Your business probably fits into at least several of these groupings. According to the Harvard Business Review (HBR) there are a total of 28 million small businesses in America that are broken down into 4 different types: Small Business legal formation can range from a tried and true Sole Proprietorship and Partnerships,  LLC (Limited Liability Corporation),  and Corporations that are divided into C- corp and S- corp, which is suitable more for the small businesses mentioned in the podcast. Listen to the introductory episode of The Marketing Parlour to learn more of the ranges of small businesses for you to start and grow! To visit the show notes go to www.danielleholdman.com/001