How to Keep Your Small Business Alive During Tough Financial Times

Small business owners need to be savvy and come up with real ways to reduce their expenses and increase their cash flow. In simple terms, less money needs to be leaving your account and more money needs to be coming in. It is an obvious statement to say that you need higher profits, but so many companies are missing opportunities to do just that.

3 Ways to Reduce Cost of Goods Sold

The cost of the materials used to make the product or service you sell directly impacts your profit. This is easy to see, because...

7 Money-Saving Tips for Small Business

Money is one of the main ingredients in the recipe for success (or failure) of a small business. A necessary step in creating a budget you can stick to is finding the best ways to save money. You'll be surprised to learn how simple some of these tips are to implement.

5 Ways to Decrease Your Business’s Warranty Costs

Customer warranties can cost small manufacturers greatly because of repairs and replacements. It also puts goodwill and brand value at stake. And when handled...

5 Creative Ways to Save Money in Your Business

As a responsible business owner, there's a good chance that you’re always searching for new ideas to help you cut costs while increasing your...

A Small Business Workout: Get in Shape to Sell

It’s always a good idea to keep a regular check on the health of your business, but it’s vital if you are thinking of...

Avoid These Top 5 Financial Problems in Your Small Business

Managing a small business isn’t easy, and the single largest contributor to business failure is financial mismanagement. Making smart financial decisions and being consistent...

Why Is It So Important to Prepare Financial Statements?

If you are wondering whether or not you really need to prepare financial statements when you already know your business is profitable, the answer is definitely yes. You may be convinced that your business is doing fine, but you will need proof for investors, creditors, shareholders, government agencies—and you will also...

Milking the Business

If you have worked for a corporation for a few years before you start your own venture, you need to really prepare for the first time of not having a paycheck every two weeks. While you hear stories about all the personal things that your business can pay for through the company, milking your company can be a very big problem.

RCM Software and Plugging Those Revenue Leaks

Is your small business retaining all the revenue it's earning? Understanding the source of your revenue stream, the paths it takes, and any potential revenue breaches along the way is critical to the long-term success of your business.

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