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by Karen Harrison Eighty-two percent of businesses fail due to poor cash-flow management, according to a study by Jessie Hagen of US Bank, cited on the SCORE website. The most common cash flow contribu... Cash flow best practices When it comes to cash flow, the faster you collect payments, the better. Money owed to your company is money not available. So it’s a good idea to assess and refine your accounting proce... You've probably heard that it costs about five times more money to acquire new customers versus retaining existing ones. Obviously, the expense and effort of acquiring new customers can be worthwhile. That said, are y... We are well into the new year and, in all likelihood, you started off the year planning to reach certain financial goals and revenue targets. Before the year gets too far along it’s good to take stock of whether... It is probably safe to say two things about you, the small business owner: First, I bet you went into business for yourself out of love. Either you loved doing something so much that you wanted to do it every ... 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... 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 in... 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. We’... By Stacy Kildal Owner/Operator of Kildal Services Advanced Certified QuickBooks ProAdvisor Importance of Reporting You’re a small business owner, so you know that in order to gain insight into (and mak... Cash flow best practicesHow you manage your payables can have a significant impact on your cash flow and business relationships. Whether paying for your mortgage, rent, equipment, inventory, payroll or other expenses,... The U.S. is in one of the longest periods of expansion ever, as June marked the 10-year anniversary of our current economic expansion. Yet there are signs we are heading towards a recession within the next year: ... “I've got to keep breathing. It'll be my worst business mistake if I don't.” – Steve Martin Because mistakes and business are not uncommon, it is a fact that once you get started with your ... Q: Hi Steve – From reading your articles, I see you used to be a bankruptcy attorney and I would like to tap that expertise. For various reasons, my business has accumulated a lot of debt. But the thing is, I do... Time Magazine named TruTouch one of 2006’s best inventions. The device, which tests a drivers’ alcohol levels with much faster technology than breathalyzers, won a government grant that allowed the company... I have a pal whose side hustle crashed. He decided to become a driver for Lyft. Problem was, his car was 10-years old and that won’t work for companies like Lyft and Uber. Undeterred, he spoke with his c... Money is the lifeblood of your business and the measure of its success. What’s the best way to keep it flowing? Here are eight financial resolutions for your business to consider: Resolution 1: “I ... Is the U.S. headed for another recession? Two-thirds of America’s business economists project a downturn by the end of 2020, according to a survey reported by Bloomberg—and 10 percent believe it will start... Before 2018 ends, it is good idea to complete an overview of your business achievements. The best analysis of progress is to scrutinize your accounting records. As Kevin O’Leary from TV’s Shark Tank says, ... Q: Might you be able to suggest any other ways to finance a business, other than the usual suspects like loans, crowdfunding, credit cards, and the like? A. You bet I can. In my book, Get Your Business Funded,... As an entrepreneur, you will probably face a handful of major consistent dilemmas, but one of the most persistent and complex is the way you approach the value of your business. This boils down to a struggle between r...
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