Go Where the Money Is: Be Ready for Universal Payments
There’s no doubt that your business should be diving into the world of universal payments. I want to take a little step back this time out and look at the broader issue of “universal payments,” which for my purposes will be mobile card readers and mobile wallets.
Investors Measure Entrepreneurs by Cashflow Mileage
Cashflow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young.
Beating Lower Priced Competitors
Until we understand what customers value, we have no way of presenting the value of our solutions or no way to create differentiated value. Until we determine what customers value, we have no context in which to create or build value.
What Forms of Payment Should Your Small Business Accept?
The next time you’re out shopping and supporting the economy, take a quick look at the front door of the store you’re about to enter. There’s a good chance you will see a sign showing customers which forms of payment the business accepts, typically credit card logos.
If We Make It About Price, We Force the Customer to Make It About Price
This post should be filed under the “I’m not creative enough to make these stories up.” A close friend is VP of Procurement for a very large multinational. This morning we were catching up on a number of things and he mentioned 3 very large vendor negotiations he had just completed.
Make Your Business Plan Stand Out
Most likely if you are looking to borrow money to start a business you are aware that you need a business plan. This is true whether you are looking to obtain unsecured business finance, a traditional start up business loan, or any other kind of small business financing.
6 Important Questions for Your Potential Investors
There are no “right” answers for any of these questions. It’s important that you know what type of relationship you’re entering. Your investors are going to be your partners for the long-run.
Top Tax Write-Offs That Could Get You in Trouble with the IRS
From travel expenses to paying wages to family members, there’s no limit to what people will try to write off at tax time for the sake of their business. But where do you draw the line? Which write-offs you’re trying to write off go too far?
The Most Effective Holiday Discount Offers
Holiday retail season is almost here! Bring on Chrismukkah, Cyber Monday and Festivus! Soon, many companies will start to offer an array of discounts to boost their holiday sales.
6 Things You Can Do This Fall to Prepare for the 2015 Tax Season
Fall has finally arrived. Believe it or not, this means the 2015 tax season is only about 3 months away. Because filing your taxes with the IRS is probably not your most favorite activity, there are some steps you can take this fall to prepare for a stress-free filing season early next year:
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