Starting a small business isn’t easy—or cheap. Even the most well-organized and generously funded business can quickly run into cash flow problems, so it’s...
A company is only as healthy as the cash flow it projects. There are a variety of reasons why the cash flow of a company might suffer. Unforeseen expenses, business expansion, natural disasters, or customer orders drying up at a specific time of the year can be just a few reasons that hamper this process.
If your overhead is too high because of spending too much on extras and fancy offices, that can easily be resolved. However, if you've cut your overhead to the bone, then you must look other places.
Cash is the lifeblood of a business. It needs to flow smoothly to keep the business in a healthy, growing state. And yet, cash flow problems are almost the norm, particularly with small businesses.
Do you fear financial struggle? Ever wonder why your business never quite grows past a certain annual revenue, or why you worry about money? Well, of course it could be that your business isn't well-branded, perhaps your business model needs tweaking, or you might just need some help choosing the right marketing strategies. But frankly, it could very well be your money brain junk that's holding you back.
I'm on a mission to cut expenses this year. Truth be told, I've been sloppy and have not paid attention to fees and charges in 2014 like I should have.
You can't make good decisions for your business without accurate financial statements. If someone is inputting the wrong information, or putting it in the wrong locations, then you'll have financial statements which can't be relied upon. You don't need to know the intricacies of how each entry is made. You do need to know enough to question if the statements don't appear to be right.
However idea-fueled your organization might be, entrepreneurs cannot afford to ignore the significance of numbers. Maintaining a regularly updated set of financial data and forecasts will not only provide you with a clearer understanding of your business's performance but will also part a crucial role when seeking money from investors.
Small businesses may be making great contributions to the U.S. economy, but their financial health is in critical condition. According to a 2016 JPMorgan Chase...
Reaching the one-million-dollar mark in your small business is a huge milestone for an entrepreneur. The question is, how do you get your startup...