The coronavirus pandemic has burdened many small businesses. One of the ways a business survives the pandemic and looks beyond it is to manage its money prudently. That means being aware of money mistakes and avoiding them, or at least fixing them fast. Here are some of the most common money mistakes and ways to […]
5 Common Money Mistakes and How to Fix Them Read More
For new and experienced business owners, balancing income and expenditures is never as easy as it seems. There is a qualitative cost to every decision made, and extreme cost-saving measures can make it hard to attract employees. Spending too little on marketing can cause a business to become invisible to potential customers, too. Short-term profits
Business on a Budget: Smart Spending Tips for Business Owners Read More
Small businesses frequently go through cycles of strong and weak profits. When profits are low, you probably will want to find time-tested ways to save money. You do this by cutting costs and reducing your overhead without sacrificing sales. Here are 8 proven ways for your business to save money: Outsourcing: You can save money
8 Proven Methods for Small Businesses to Save Money Read More
You can’t put it off any longer. The time has arrived to prepare your 2020 budget that’s so necessary for important activities such as: Projecting cash flows Preparing for taxes Identifying borrowing needs Evaluating growth opportunities Assessing performance The stakes are high, because 50% of small businesses fail during their initial five years. You can
Are You Ready for Your 2020 Budget? Read More
Every business needs adequate funding to survive and grow. Ideally, your operations provide enough cash flow to handle all your funding needs. But for many a small business, cash flow isn’t always enough to satisfy the need for working capital. That’s when it’s time to consider a business loan. Let’s look at a few scenarios
When a Loan Is the Right Move for Your Business Read More
Running your own business requires careful thought and planning. But even with all that, it’s hard to avoid feeling financially stressed from time to time. Handling the stress productively can help your business succeed. But avoiding it in the first place can also make your job far more enjoyable. Here are seven ways to sidestep
7 Ways to Avoid Financial Stress When Running a Business Read More
Budgeting is to business as oxygen is to life: Without it, you die. The reason budgeting is vital to the health of a small business is that it is your GPS device for telling you where you are supposed to go and where you are actually heading. You use the budget to track business expenses,
4 Things Small Businesses Must Include in Their Budgets Read More
Whether you’ve been running your small business for years or are just opening up shop, efficient operations are the key to business success. When it comes to bookkeeping, it’s vital you run a smooth operation that gives you timely, reliable results. Bookkeeping tasks includes setting up accounts, entering transaction data, generating reports and preparing tax
Streamlining Your Bookkeeping Process: Tools for Small Business Read More
You own a small business and you need printed marketing collateral. You have some great ideas for your business cards, flyers, brochures, and other materials, but there is just one problem: You are working with a very limited budget. Many business owners have faced this dilemma, so you certainly are not alone. The good news?
Printing Marketing Collateral on a Budget: Tips, Tricks & More Read More
Seasonality is both a blessing and a curse for a small business. The blessing is that you have a great opportunity to capture the bulk of your annual revenues during the busy times. However, the prospect of one or more slack months in which revenue is punk but bills still have to be paid can
Seasonal Business? How to Prep for Your Slow Times Read More