If you’re a small business owner whose company hasn’t gone through hard times, that’s great but it’s likely to happen at some point. As much as we dream about being brilliant enough at business that we’ll never face slow times, there are many things beyond our control that can negatively affect our business.

Here are four tips for getting your business through difficult periods so you can look forward to many more years of business ownership.

It’s the line item most often left out of a small company’s budget: the business owner’s salary.

Let’s face it: you can always spend cash on your business. From office expenses to employee salaries to rent, every month a portion of your revenue is accounted for.

But paying yourself first is a must. You need to earn a living – and paying yourself can actually help your business succeed.

Here’s why you should make your salary a top priority, starting now.

How to get the most out of Xero right from the start

When you start using Xero, you’ll wonder how you ever managed without it. We’re big fans here at Acme Accountants and know how happy clients are when they can see their cash flow situation whenever they want, send online invoices, pay bills and run their businesses more effectively.

MATAX honored with Xero Gold Partner of the Year Award for exceptional service in the Americas. Discover our commitment to serving communities and clients.