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Reduce Expenses Not Quality with these Tips The first and longest battle a business owner will have to fight is the one over their capital. You will need to care for it at every step. Keeping costs down without cutting corners is a difficult task, but it is far from impossible. Here are nine ways…
Ensure Your Company Has Cash Flow for Growth Cash flow problems are a major obstacle to business growth. Neglecting to solve the issue will make running your company increasingly difficult. If you are unable to contain the situation, your business may eventually have to close. Fortunately, there are some steps you can take to ease your…
Follow These Tips to Collect Your Accounts Receivable As a business owner, you depend on having your clients honor their obligations. What do you do, however, when you send out an invoice after completing work on a project, and find that the invoice goes unpaid? Rather than worry about unpaid invoices when these problems occur,…
Make Better Business Decisions and Increase Your Profits You’re running a small to medium size business. You don’t want to lose money, and you definitely don’t want to go out of business. So, how do you find out how much you need to earn to break even? The answer is simple: you do a break-even…
Identify Performance Indicators to Trigger Growth It’s a new year and many businesses start with setting goals for growth. Many of those targets may seem like they come out of thin air at times, based on wishful thinking or unrealistic expectations. Often, the result is missed targets and lowered expectations for the future. A sound…
Track Trends and Look for Unusual Movements in Your Numbers No matter the size of your company, business owners are busy people. Even so, it’s important for business owners to keep their finger on the pulse of their company. So, don’t ignore that pile of reports that your accountant hands you at the end of…
Maximizing Profits in Your Small Business Whether you are evaluating your investment returns or trying to improve your small business, it’s not how much you make but how much you get to keep. If your small business makes $500,000 a year but you lose more than half to taxes, you could end up just…
The Risks and Rewards of Acquiring an Existing Business No one can deny that both buying an existing business and creating a new one from scratch have several advantages and disadvantages. However, when acquiring an already established enterprise, the rewards can outweigh the risks considerably; the failure rate is much lower, and you can save…
Maintain Healthy Cash Flow and Client Relationships Wouldn’t it be nice if everyone paid their invoices on time? Your cash flow forecast would always be 100 percent accurate and you could pay all your bills on time as well. Unfortunately, that is not going to happen any time soon. So, in the meantime, you will…
Explore these Avenues to Maintain Healthy Cash Flow Financing for small businesses can be difficult to obtain through traditional lenders. Most banks require you to have excellent credit and high annual revenues. They also require your business to have been in operation for more than two years. Even then, most banks approve less than half…