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Recent Posts Tagged With 'financial management'
When Your Small Business Grows, Should You Move it Out of Your Home? Millions of Biz Owners Say No
According to the SBA, there are over 15 million home-based businesses in the U.S. And based on analysis of data from the Network Solutions Small Business Success Index (SBSI) and the SBA, around 6.6 million of these are serious home businesses prov...
Hiring May Be Down, But These Small Businesses Are Optimistic
If you could sum up what’s most important to economic recovery right now, it would be jobs. National Retail Federation (NRF) research partner BIGresearch asked consumers this September: “What sign do you believe will best demonstrate to you tha...
How to Get Paid on International Transactions
Whether you are collecting payment on a business transaction from a customer across the street or a client who is 12,000 miles away, learning how to collect payment on an overseas sales transaction is the single most critical yet insanely overlooked ...
Sponsored Post – Benefits for Your Bottom Line: The Plum Card from American Express OPEN
Editor’s Note: We offer long term sponsors like American Express the opportunity to speak to you in their own voice. Any such post is clearly marked as sponsored, like this one. We hope you find this information useful. Managing cash flow ...
Proper Credit Policies and Procedures Can Help Minimize Your Cash Flow Risk
Along with slowing sales, many small businesses are encountering difficulty collecting on money that is owed to their business. A recent Intuit Payroll Survey of over 1000 small businesses indicated about 50% are having this problem. Is your business...
How to Avoid the ‘Bah Humbug’ Spirit from Consumers this Holiday Season
A new study from Shop.org shows that not only are consumers looking to save money this Christmas, but retailers are starting marketing efforts early. Most are offering free shipping along with getting an early start by promoting their products on soc...
Is the Economy Really Improving for Small Business? You Decide
As the economists declare we are coming out of the recession, I bet your bottom line tells a different story. After all, they declared the recession months after you had already been knee deep in the throes of the struggle to keep your head above wat...
How Strong Are Your Business Finances? Can You Pass the 3 to 6 Test?
The “3 to 6 test” is simple. Set aside 3-to-6 months’ fixed costs as a cash cushion for your business. That’s the amount recommended by Mark L. Mayoka, a CPA who advises small businesses on how NOT to go out of business. The “3 to 6 test”...
Startup Financial Tips From Mark Cuban and 4 Other Entrepreneurs
“You’re not spending enough money.” That is what the corporate honchos told me in my previous startup, which was an intrapreneurial startup inside a large corporation. That was in the midst of the Dotcom era, when everything online was about ...
8 Tips and Resources for Managing Your Business Finances
One area many business owners struggle with is keeping track of their finances, but it is one of the most important areas given that cash flow is the lifeblood of the business. Small mistakes and a lack of knowledge and resources can be costly and pr...
20 Tips to Save Time and Money in Your Small Business and At Home
These are difficult times and every small business (and large one) needs to find ways to save money and time without delivering less value to their customers. Service to customers must be maintained, and product or service value is the key to conti...
Five Ways to Get Paid by Small Business Customers
When it comes to getting paid, all customers are not created equal. It pays to focus on the high risk customers in your credit policies and in your collections process. That includes when you have small businesses as customers. Many B2B small busin...
