How to Run Your Home Business Lean – and Profitable

If there’s one lesson this economic downturn teaches us, it is the importance of running our business operations lean.

Many small business entrepreneurs made the mistake of spending too much, too soon. They based their spending on the money that they thought will be coming in, not on the money that they actually have. While optimism [...]

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 [...]

Explore More Payment Options for Your Buyers

Much ado has been made about the comeback of layaway programs. KMart is even advertising heavily their layaway program, which allows customers to pay the item over an 8-week period

During these tough economic times, take the cue from big retailers and explore more payment (even credit) alternatives for your customers. The goal is to [...]

When Payment Never Comes: Options for a Small Business Owner

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. Do Nothing. [...]