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Where Do Small Business Owners Get Funding for their Businesses?

One of the biggest issues faced by many small businesses during the economic downturn is the tightening credit market. Finding capital financing for a small business remains a big challenge as banks tighten lending criteria and reduce their exposure to the small business sector.
In fact, according to the National Small Business Association in their 2008 [...]

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Know How to Manage Business Finances Well

An entrepreneur needs to know how to handle money and wealth in order to be successful. However, many women entrepreneurs are good in business, but not in handling money. In fact, there are some women small and home-based business entrepreneurs who are downright lousy at managing personal wealth and business finances.
Belinda Fuchs, President of Own [...]

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7 Common Cash Flow Problems Faced by Small Businesses

Cash flow is an essential ingredient to the survival of your small business. It is the flow of money in and out of your small business, and the quantity as well as timing of that flow is critical to the continued operation of your business. Learn the seven major reasons that result to cash flow problems for businesses, which you need to look out for as a small businesses owner.

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Insurance for Small and Home-Based Businesses

Starting a business is very risky. In addition to the possibility of failure, there are a lot of things that can go wrong and small business owners need to protect themselves and reduce these risks. Examples include:

Loss of property (building, office furnishings, computers, inventory, etc.) due to fire or theft
Lawsuits arising from defective products, an [...]

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Tips on How to Select the Right Collection Agency

Collecting receivables is an important step in ensuring a healthy cash flow for a business, and more so for a home-based business or solo entrepreneur. However, account receivables collection is a time-intensive process that most small businesses just don’t have the time, know-how and energy to pursue. Learn how to choose the right collection agency to work for you.

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Government to Aid Small Businesses

I typically do not blog about politics or government. But like a growing number of people, I am outraged by the huge bonuses AIG will give its derivative traders — basically our tax dollars after getting significant chunks of the bailout monies. They should have just given all the AIG bailout money to small businesses!

I [...]

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How to Manage Your Accounts Receivables in a Recession

It is so hard to get a loan these days as banks are tightening their credits. And so should you! To help ensure that your business survives, you need to reassess the way you manage your accounts receivables.
We have posted an excellent article by Jennifer Stacey on how small businesses should manage their accounts receivables [...]

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Tax Tips for Home Business Entrepreneurs

It’s start of the year, and it’s time to prepare your taxes for the past year. Bernard B. Kamoroff, C.P.A., author of the book “422 Tax Deductions for Businesses and Self Employed Individuals” (8th edition) offers a number of tips to help you save on your taxes:
Tax Tip 1. Your business expenses are deductible even [...]

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Top Ten Ways to Bring Holiday Joy to Your Small Business

With the current state of the economy, many small businesses are struggling to get paid for the products and services they provide. Learn 10 tips to help small businesses address their receivables problem and allow small businesses to enjoy the holidays.

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Ebay Sellers: IRS Wants You to Declare Your Income

In an effort to narrow the tax gap, IRS has been going after eBay and other auction sites for years. The IRS estimates that unpaid taxes from individuals, as opposed to big corporations, account for more than 70% of the tax gap.

And within that group, the self-employed are considered the biggest offenders comprising roughly one-third [...]

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