Optimizing the cash in and cash out process works as a great formula for the success of any small business. But there’s much more you can do to improve cash flow. Check out our infographic for ideas you can implement both now and over time, such as forecasting, accelerating receivables, better engaging your customers and more.
Did you know that more than half of small businesses spend one to five hours a month on in-house payroll? Save time and money with a payroll provider or software, and you’ll get industry-leading payroll capabilities at a price that won’t break your budget. Our latest infographic will show you all the ins and outs so you can make the best decision possible.
April 15th is almost here – D Day for many small business owners filing their own taxes. Whether you’re an individual or a business owner, filing taxes can be stressful, but the process for small business owners can be especially complex and overwhelming. With constantly changing tax laws and confusing regulations, it can be difficult for small businesses to keep up and ensure they are not penalized. The March installment of Bank of America’s Small Business Social Series will feature small business experts and tax professionals who will discuss strategies that small business owners should consider this tax season and beyond.
• Carol Roth, Moderator
• David Solis, National Sales Executive Bank of America Small Business
• Ebong Eka, CPA and Small Business Expert
• Steve Strauss, Small Business Columnist, USA Today
The majority of small business owners have an outside expert prepare their taxes, but that doesn't mean they're not dealing with tax issues throughout the year. About one-third of business owners spend 80 hours or more each year tending to administrative details.
To learn how much money small business owners are spending on taxes and what they view as their biggest tax headaches, take a look at our 2016 How Small Business Owners Manage Taxes infographic.
Cash flow management is something small business owners should be examining on a continuous basis, not just once a year.
However, recent research found that 37 percent of small business owners said cash flow was their biggest financial challenge. This month’s installment of Bank of America’s Small Business Social Series will discuss how entrepreneurs can maintain a healthy cash flow by establishing payment terms, managing receivables, strategizing payables and keeping an eye toward profits.
This panel is moderated by Carol Roth, and you will hear from:
• Will Barr, Small Business Deposits Executive at Bank of America
• Max Eliscu, CEO and Founder of Viewpost, LLC
• Rieva Lesonsky, CEO of GrowBiz Media and SmallBiz Daily
• Steve Strauss, Small business columnist, USA Today
Although maintaining good cash flow is an essential part of any small business, the speed and ease with which you can turn assets into cash can be just as important. Find out why in our new article, Liquidity as a Business Lever.
Successfully analyzing the strengths and challenges within both the organization and operation of your business can make or break your competitive position. In our new article, we’ll show you how you can use these metrics to build stronger relationships with lenders and investors.
Even the most successful small businesses have natural ebbs and flows that affect their bottom line. Learn how to successfully bridge the lulls your company may experience and create more flexibility in your cash flow with our latest infographic.
Good cash flow is essential for small business success. Is yours as effective as it can be? Learn how to manage operational costs and monthly payments now and prepare for the financial challenges ahead with our new infographic.
From managing monthly payables and receivables to planning for the road ahead, maintaining good cash flow is important. Explore ways to optimize yours with the 10 handy tips provided in our new infographic.
Speeding up your receivables by a week or even a few days can have a long-lasting impact on your cash flow. Find out helpful tips in Managing Receivables, the first of two guides in our “Small Business Guide to Cash Flow Management” series.
Making sure cash inflow exceeds outflow begins with your payables being carefully planned and reliably predictable. Learn how to maximize your cash outflow in Managing Payables, the second of two guides in our “Small Business Guide to Cash Flow Management” series.
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.
Enclose your search phrase in quotes. Search will try to find content with those words in the order you enclosed them. A search for "marketing advice" is going to return content with the phrase "marketing advice".
Search for content that has certain words, but not necessarily all of the words in order. This is the most basic search. Simply enter your search terms. For example: accept credit cards This will search for documents containing the words accept, credit, and cards
Using OR. The OR operator links two terms and finds a matching document if either of the terms exist in a document. To search for documents that contain either "web design" or just "online marketing" use the query: "web design" OR "online marketing"
Using AND. The AND operator says that the search should return content in which all of the search terms are present. To search for documents that contain both "web design" and just "online marketing" use a search like this: "web design" AND "online marketing"
We would appreciate having your voice in the Small Business Community. You can participate in a number of ways.
Start a discussion in our member-to-member forums. By participating in the Small Business Community, our members gain knowledge and connections that give them a competitive advantage in building a successful business. Take advantage of the collective experience and expertise of the community to get small business ideas and help with a specific question or business challenge.
To post your question in our community, in the “Ask the community” section, from the drop-down, select the category that you’d like to post to, then click the “Start a Discussion” button. If you simply want to introduce yourself to the community, please select the “Introduce Yourself” category.
Note: you must be a logged-in member of the community to post a discussion. Please login or become a member to participate.
Share your small business story. Do you have an interesting story to tell related to your small business? Have some advice for other entrepreneurs to help them avoid some of the pitfalls of small business ownership? We invite you to share your story with the Small Business Community. Click the “Share Your Story” link and simply answer the questions in our Share Your Story template.
Answer a question. Are you an expert in a particular area of running and growing a successful small business? Would you like to help other small business entrepreneurs by answering their questions? We would appreciate your expertise in the Small Business Community. Please click the “Answer a Question” link to see a list of the open questions asked by members of the community.