When cashflow is tight, should your business cut its prices? A sales expert explains some of the things that you need to consider when thinking of discounting to generate cash flow.
Follow @powerhomebizHow to Improve Working Capital
July 10, 2010 By Leave a Comment
Working capital, defined as current assets minus current liabilities, is important to any business. Working capital can you to expand your business, improve operations, pay short-term bills, and buy inventory. Inadequate working capital can be the kiss of death to your business, as you won’t have the funds necessary to grow the business. Learn the steps you can use to improve your working capital.
Follow @powerhomebizCreative Ways to Cut Monthly Business Costs
May 11, 2010 By 1 Comment
If you want to make the money and the month line up better, you may need to rethink some of your business assumptions – including what constitutes a must-have expense. Following are a few ideas that can help improve your overall cash flow.
Follow @powerhomebizCoping with the Rise and Fall of Self Employment Income
April 2, 2010 By Leave a Comment
As a freelancer or a self-employed business owner, one of the realities you will face is the fluctuation of income. Unlike employees with a fixed salary, it is hard to predict exactly how much you will earn from month to month. There are times when income is good and the money keeps pouring in, and times when income slows down to a trickle.
Follow @powerhomebiz7 Common Cash Flow Problems Faced by Small Businesses
July 8, 2009 By Leave a Comment
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.
Follow @powerhomebizTips on How to Select the Right Collection Agency
June 16, 2009 By 1 Comment
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.
Follow @powerhomebizHow to Manage Your Accounts Receivables in a Recession
February 3, 2009 By Leave a Comment
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 [...]
Follow @powerhomebizTop Ten Ways to Bring Holiday Joy to Your Small Business
November 19, 2008 By 4 Comments
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.
Follow @powerhomebizWhen Payment Never Comes: Options for a Small Business Owner
June 19, 2008 By 3 Comments
We are in business to provide customers with our products or service — and get paid in return. But what if the customer does not pay? How should we collect on the payment? What are our options? According to the book “The Law (in Plain English) for Small Business,” we basically have three options: 1. [...]
Follow @powerhomebizHow Do You Survive Starting a Business?
April 16, 2008 By 2 Comments
Starting a business is tough. More so when things are heading south and not enough income is coming in that you have to dip into your personal resources to get by. The worst part, of course, is when your personal resources are almost depleted and you see nothing in the horizon that could change the [...]
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