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BMO Harris has joined up with Arena to be fueling growth and expanding possibilities for entrepreneurs. On November 18, 2021, founders Heather Tuason of Arena Pay and Amber Payden of ThinkSMARK held a discussion that explored their motivations behind reasons for starting their businesses, how they are supporting other entrepreneurs, and provides helpful advice to…
Arena Tools and Templates
At Arena, we know it’s important to have systems and processes in place so that you can focus on the nuances of your business rather than repeatable operations. Basic Forecast Advanced Forecast
Reconciling 101
You’re a savvy business owner. You know Intuit’s QuickBooks “QBO” is your accounting software and it produces your company’s accounting file. You know you—or your bookkeeper—are supposed to reconcile your transactions at the end of the month. What you might not know is that once your transactions are reconciled—and only then—you can populate reports that…
Take these 6 easy 30-60 minute steps to actively manage your cash flow
50% of businesses fail by their 5th year. 82% of those failed businesses say it is because of cash flow. ~ Small Business Administration What the heck is cash flow?! Cash flow for a business is critical to keeping your business going, paying your employees on time, and making sure you have your product available…
What does a happy and successful Business Exit look like for you?
Most small business owners spend so much time working in their business, they do not plan for when and how to exit their business soon enough. Whether you pass your business on to a family member or sell it to an outsider, you and your business needs to be ready. If you are an owner,…
Business Metrics: Profit Margin (ep 2)
Profit margin is a core metric for all businesses. Here is how to set it up for your company and each product or service you sell.