It happens every year. The holiday season is suddenly upon you, and yet your business is not in optimal condition to take full advantage of this very special time of the year – shopping season! Getting an Early Jump The best way to extract maximum profits from holiday shopping is to have a large inventory […]
Getting Your Finances Organized Before the Holidays Read More
Having a great idea and running with it is not enough to operate a successful business. A business owner must wear many hats when operating their company, but managing and understanding their finances doesn’t always come easily. Relying on a business manager or an accountant is a beneficial way to verify that you are conducting
Small Business Tips: Increasing Your Financial Literacy Read More
Companies with fewer than 100 employees annually lose a median of $155,000 because of fraud. It turns out that small businesses are more exposed to fraud than are their larger kin. Credit card abuse is a major weak spot, but by no means the only one. Below are eight ways to protect your small business
How to Protect Your Business from Fraud Read More
More than likely, you depended on your personal credit when you launched your small business. However, a growing business must tap higher amounts of capital, and a good business credit score will prove helpful in this regard. Business Credit Score Your business credit, also known as trade or commercial credit, is based on the likelihood
How to Build and Keep Your Business’ Good Credit Score Read More
Cash is the fuel that allows your business to operate. With it, you can buy inventory or raw materials, and wait for sluggish receivables to be paid. You can invest in expansion or other opportunities to grow your business, and have a cushion to pay bills during tough times. Debt is a time-honored way to
How Businesses Effectively Manage Debt Read More
Uncertainty is the name of the game for many small businesses. You might not know how your orders will flow next month, whether demand for your product or service will change, or whether you’ll be hit by some unanticipated expense. Your business might be highly seasonal or might depend on external factors beyond your control.
How to Budget for Your Business Despite Your Irregular Cash Flow Read More
Whatever small business you run, there is a core set of financial and related functions that just about every business must perform. In 2017, that means choosing apps that meet your requirements and are easy to use on your computer and smartphone without breaking the bank. Here are some of the top apps that fit
Best Apps to Use to Better Manage Your Business Finances Read More
If you’ve ever had a bad experience applying for a bank loan, you understand how demeaning it can feel to be turned down. Regulation and low interest rates have made it tougher for banks to lend to small business. The tight-fistedness of the banks after the 2008 mortgage debacle created a vacuum which was filled
Nine Things That Separate Good Business Lenders from Bad Ones Read More
If you run a small business, especially one in which you’ve empowered others to spend company money, you know how important it is to manage your cash flow. It comes down to a question of solvency: Does your business have enough short term cash to meet its obligations, including debt payments due throughout the next
Is Keeping a Debt Tracker Beneficial to Your Business? Read More
Many small businesses experience one or more slow seasons each year. For a B2B business, the year-end holidays might be a slack time, while tourist-related businesses might have little to do during the coldest (or hottest) months. Although challenging, a slow season is at least predictable, which means you can make preparations to see your
How to Get Your Finances Ready for Your Slow Season Read More