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Give Your Business a Financial Spring Cleaning

spring clean

It’s spring-cleaning season and we all know how good it feels to de-clutter our homes and offices. However, this time isn’t just for going through your closets and filing cabinets; it’s also the right time of year to get organized financially. From reviewing business expenses to revising business plans, every business owner can benefit from a financial cleaning. Check out these financial tips, and share with your agents to help keep everyone on track this season.

As a business owner or agent, you’re likely responsible for filing your taxes on a quarterly basis. If you don’t already do this, establish a separate bank account dedicated to your taxes and use it to set aside a monthly amount toward estimated taxes. Also, keeping business checking and credit accounts separate from personal accounts can help you maintain accurate and complete records of all business-related income and expenses, and can help you plan accordingly for when taxes are due.

Every business should have a formal written business plan to help with decisions and strategic planning. If you have one already, now is the time to do a quick review and consider updates to reflect your current business needs and goals. If you don’t have one, set aside time to draft this important document. A business plan serves as a guide through the entire lifecycle of a business. An effective plan can help you prioritize how to spend time and money, and set measurable goals. It also can help identify current or future obstacles so you can better anticipate and avoid potential risks. Finally, a business plan may help you obtain business financing.

Giving your small business a good spring-cleaning is not only refreshing, but it’s also a productive and strategic task. By reviewing your current plans and exploring which areas need attention, you’ll help your business head into the busy summer season better prepared to grow and succeed.

Have the desire to run a successful business? EXIT Realty is the place for revolutionary leaders. Bring your entrepreneurial skills and eagerness to learn to EXIT Realty, and we’ll give you every tool needed to succeed. Learn more here.



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EXIT Realty Massachusetts is an Equal Opportunity Employer and supports the Fair Housing Act. Each office is independently owned and operated. Site is subject to change without notice. While the information on this site is deemed to be accurate, EXIT Realty Massachusetts does not guarantee its accuracy, and provides this information without warranties of any kind, either expressed or implied. This site is not intended and shall not be deemed to constitute any offer to sell a franchise. Franchise offerings shall only be made by a Franchise Disclosure Document. Please disregard if you are currently under a contract with another brand.

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