Whatever method you may choose to raise the capital your business needs, deciding to start a business means embracing all the risks that go with the process – even the possibility of losing every penny you put into the business. What are you doing to minimize your risks and manage the financials of your business?
If you accept credit card payments, it is important to take steps to prevent your business from becoming a victim of fraud. Credit card fraud is a common problem for both big and small businesses, costing businesses billions in dollars. Here are some steps to help you fight credit card fraud in your business.
If you are selling a technology product to small business owners, here are the important factors to consider based on a survey conducted by the marketing company Ivy Worldwide. Check out the habits of small business owners and decision makers when they need to purchase technology products.
The idea of having a comfortable, worry-free retirement has become a distant dream for many business owners — even for those who did “all the right things” that Wall Street and the financial gurus told them to do.
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.
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.
What are the benefits of hiring family members, especially your kids, for your business? Learn the advantages of working with family members, especially your kids, in your small business.
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.
You start a business with the hope of primarily making a living from the business. Whether you want to earn just enough money to cover your living expenses or money that will allow you to live a jet setting lifestyle, the business needs to earn money for you. But are you making money from your business?
Think of a Plan B. It is always smart to have a backup plan in place in the event that things do not work out as planned. It is great to be optimistic about things and hope that running the business will go as smoothly as possible. However, things don’t always work accordingly. The strategies […]