Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To help you preserve or increase your cash, here are five cash management leaks to avoid. […]
Category Archives: General Business
Running a business usually means putting in over 40 hours a week. In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for! That’s when proactive, strategically executed prioritization can make all the difference. So Hard to Choose If you have lots of ideas in your […]
Just about every day, we read in the news that another company has been hacked. You might have already been directly affected by the password thefts at LinkedIn last year or Evernote this year. Or you might have had your own social media account, email, website, network, or computer hacked. Worse, many of you have […]
Hopefully, you’re already making backups of the data on your business server on a regular basis. It’s simple to set up data backups automatically and then forget about them until you need them. But have you ever looked around to see if there are any gaps in your backup strategy? Here are seven places to […]
We work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft. Some people have called 2013 the year of the hacker, which is worrisome. But you’re far more likely to experience risks with disgruntled or financially desperate employees and contractors. Mistakes happen, […]
Spring is here and it is the perfect time to try something new in your business to make things fresh. Here are seven ideas to try in your business; pick the one that is most likely to put the spring in your sales. 1. BOGO “Buy one, get one” or BOGO deals are always hot […]
It’s generally a good idea to keep overhead costs low so that your business profits will be higher. This is especially true with items that are easily commoditized and fairly standardized, such as utilities and rent. But there are times when increasing expenses pays off nicely, and here are five areas to consider so you […]
It’s always a good idea to be on the lookout for ways to increase your profits, and there are many ways to do that. One way is to focus on cost-cutting, and here are five places that are good to periodically review for cost-cutting possibilities. Telephone Re-negotiating with the phone company every one to two […]
As business owners, we may be so busy making sure the bills get paid and our product or service gets out the door that we may not be quite as proactive about our own compensation. To pay themselves, many new business owners take what’s left after employees and vendors have been paid, and that ends […]
Do you want to have an awesome 2013? If so, now is the time to plan accordingly. Hindsight is always valuable, and we can learn important lessons from our past mistakes . We can take those lessons and incorporate them into our plans for the new year so that we can continue to learn, grow, […]