When you have your own home based business, whether it is online or offline, financial management is one of the key "departments". You really do need to keep on top of your finances if you want your own little business to have long term success, and you can do that by being a manager rather than by adopting the role of a low rank employee.

Why do you need to manage the home business finances?

It is so easy to allow things to drift when you're working at home, and concentrate merely on totting up the sales revenue. Remember, this is what may happen if you do not positively manage your business finances:

1. You will experience cash flow problems. Allowing cash to flow in and out at its own will almost ensures a failed business. If you are blessed with masses of sales income in the early days, then you will have time to put things right. If you don