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Having good cash flow is great for a small business, but where you spend your capital is critical to your business’ success. Spend on the wrong things, and you could be looking at a quick failure. Spend on the right things, and you’re on the road to profit and success. Here are 6 key areas…
As an entrepreneur you’ll be expected to wear a lot of different hats, the most famed of which is the trailblazer cap. You’re expected to break new ground and offer the audience something that’ll improve their lives. While that’s true, being an entrepreneur is more about sales. Fundamentally, you’re still about selling a product. Here…
Accounting for more than 99 percent of all U.S. businesses, according to the Census Bureau, small businesses are the backbone of the country’s economy and job market. They create many products and services used on a daily basis by consumers and other companies. If you’re an entrepreneur who has a small business, you understand the…
Funding Options to Grow Your Business Large banking institutions remain reluctant to lend to small growing businesses, and those that do commonly have long application procedures as well as unfavorable terms that create financial pressure from the start. If you’ve been turned down for financing by a bank, you may be worried about how you’re…
Follow These Tips to Compete Against Large Businesses If you own a small business, it may seem daunting to compete with a large company that has a massive marketing budget and low prices. Nonetheless, you can find ways to successfully compete with them. Flexibility Major corporations frequently have rigid plans and policies that change rather…
New Year’s resolutions are not all about working out and losing weight. Business owners can also benefit from a new look in the New Year, and now is the perfect time to make your endeavor better than before. As a business owner, there are always things you can do to boost your profits, build your…
Cash flow is a key component of any business, from large multinational corporations to small businesses. Maintaining solvency and liquidity is important for business sustainability and growth. A quick and comprehensive way of assessing your business’ cash flow is through the use of liquidity ratios. Liquidity ratios are used to determine a business’s ability to…
Do you want to increase the profitability of your growing business this year? Does the idea of improved cash flow sound good, but you’re not sure how to generate more sales? One way you can increase the amount of cash in your business account at year-end is to reduce your business operating expenses. Check out…
Mistakes will be made during the course of your entrepreneurial career. Most of them will be relatively harmless—they won’t ruin your company. However, there are a few catastrophes out there for which you should keep an eye out. These issues are avoidable, which is why it’s a shame to see companies go down because of them. If…
It’s not enough to earn money, as many failed businesses have learned. Knowing how to manage and keep your cash flowing is just as important. Hoarding isn’t enough, nor is it smart – you need to handle money wisely so you can continue to grow and remain profitable. Here are 7 money lessons we encourage…