It doesn’t matter if your business is a startup stage or has been around for years, a marketing budget isn’t optional. It allows you as a business owner to see how much money you are spending, where you’re directing your efforts, and how much money you have on hand. More specifically, according to Jessica Lucas, a […]
4 Steps to a Basic Marketing Budget Read More »
Are you making the most of your business’s balance sheet? If your answer is “What’s a balance sheet?” you’ve got some catching up to do. However, even if you or your accountant create balance sheets on a regular basis, you may not be using your balance sheet to the fullest. A balance sheet is more than
What Is a Balance Sheet and How Can It Benefit Your Business? Read More »
Are you a numbers person? Some small business owners love going over their books—after all, it’s their personal scorecard of how well the business is doing. Others dread dealing with numbers or get so caught up in day-to-day operations that they neglect their bookkeeping. Whether you love it or hate it, good bookkeeping is essential
9 Smart Bookkeeping Tips for Small Businesses Read More »
Cash flow from operations is still the number-one way that U.S. small and midsize businesses finance growth. But just about every small business runs into situations where the cash just isn’t flowing. When that happens, where do you turn? Some 37% of U.S. small and midsize businesses in the C2FO Working Capital Outlook Survey 2017
How to Prevent a Cash Flow Crisis in Your Business Read More »
By Piers Ede There’s often a very thin line between a company that is failing and one that is simply experiencing a temporary cash-flow shortage or a seasonal decline in sales. Businesses do not fail overnight. Instead, in many cases, there is a gradual and almost imperceptible decline that business owners might miss, particularly when
10 Warning Signs Your Company May Be Failing Read More »
By Carl Faulds Every small business struggles with its cash flow from time to time, but with the right planning, the occasional emergency doesn’t have to become a crisis. So, what can you do to minimize the disruption caused by late payments from customers or a sudden cyclical downturn? Here are a few of the secrets
5 Secrets to Successful Cash Flow Management Read More »
Running a business can be expensive. Everything comes at a cost, from keeping the lights on to buying inventory. Luckily, you may be able to deduct several business expenses to reduce your taxes. Even super small businesses with no or few employees can benefit from these deductions. 11 types of deductions Below are 11 common
Business Deductions That Even the Smallest Businesses Can Claim Read More »
By Lilach Bullock Being a small business owner presents its own unique set of challenges, and one of the main ones is not having the budget to do all you need to do. A successful business needs constant investing to keep it growing—more marketing spends, product or service improvement, getting more people to join the
4 Strategies to Keep Cash Flowing in Your Small Business Read More »
Small business owners are feeling confident about their futures—and putting their money where their mouths are. Over three-fourths (77%) of business owners are making investments to help grow their companies this year, compared to 63% last year, according to data from B2B software review site G2 Crowd. Where exactly are small business owners spending? Investments
Where Are Savvy Business Owners Planning to Spend Their Money Next Year? Read More »
The end of the year is a good time for small and midsize business owners who benefit from U.S. consumers’ holiday spending spree. Twenty percent of the annual revenues the average small and midsize business earns comes in between Thanksgiving and December 31, the second national SMB & Money Survey reports. For companies that sell
Small Businesses Struggle With Year-End Payment Problems, Survey Shows Read More »
