When thinking of ways to have a more profitable business, a lot of people focus all or most of their efforts on boosting sales. More money will solve all your problems, right? (Spoiler: It won’t.) In reality, bringing in more money is great for your business, but not if it’s just flying right out the […]
Want to improve cash flow for your business, but don’t know where to start? Well, we have two things to tell you. First: You’re not alone. Most businesses struggle with cash flow at some point or another, and especially in the early days. In fact, insufficient cash flow is the most common reason why startups and […]
Running a small business, especially a brand new one, is expensive. There are just so many things you need, and it can feel like there’s never enough money to go around. Like a lot of people, you might be focused primarily on increasing revenue, rather than paying close attention to your expenses. The problem with […]
One of the toughest decisions facing any small business owner, especially one who provides services rather than tangible products, is determining how to price your services. If your prices are too high, you risk losing customers with the interest in your services, but not the budget. If your prices are too low, you risk leaving […]
When it comes to having a successful business, there’s, unfortunately, no magic solution. Every road to success is different, and every business will face its own challenges along the way. But planning ahead, looking for guideposts, and making informed decisions about the future will help to set your business in the right direction. If you […]
Think your business is too small for you to bother with a budget? Actually, every business needs a budget it can stick to, no matter what stage of growth it’s in. Unfortunately, however, a lot of small businesses take a “we’ll-deal-with-it-later” approach to budgeting. This is often because there are too many other pressing issues […]
If there’s one thing that’s certain, both in life and in business, it’s that nothing is ever certain. That’s why you’ve got to take necessary steps to prepare for the unexpected whenever possible. With all the changes in the federal government and the uncertain impact on businesses and tax rates in the years to come, […]
According to our allergies, spring season is in full swing. And you know what that means: It’s time to do a little spring cleaning. But spring cleaning isn’t just about tidying up the closets and sweeping up the dust bunnies from their winter hibernation. It’s also a great time to clean up your business finances and review how the […]
Don’t have a budget for the new year yet? It’s time to get down to it. We’ve got some tips on how to create a budget for your business that you can reasonably expect to stick to. Creating a budget can be stressful, but here’s the good news: It doesn’t require locking yourself in a room […]
You’re probably considering some New Year’s resolutions to make for yourself this time of year. But what about your business? The start of a new year is a great time to set some new goals for yourself and your business. But making New Year’s resolutions only works if you set goals you can actually stick […]