The Real Costs of Accepting Credit Cards
While accepting credit cards helps your business bring in more revenue, it does come with a cost. Don’t be shocked to find out after you start working with a merchant card processor that there are hidden fees.
Finance Resources for Nonprofit Organizations
It can be tricky managing the finances for a nonprofit organization. Keeping track of invoices, reimbursements, and petty cash seem like minor issues but they can quickly spiral out of control unless proper controls and policies are put into place.
Both Sides Must Be Fair in a Term Sheet Negotiation
After being an active angel investor for about fifteen years, I realized that many of the discussions I was involved in were virtually identical to ones I’d had many times before.
5 Tips for Saving Money That You Haven’t Tried Yet
Small savings can often lead to large differences in the bottom line of any business, which is why so many business owners consistently look for creative ways to save money.
Revenues and Profits Are Not the Same
You can’t assume an increase in revenues leads to increased profits. Sometimes an increase in revenues has no effect or a negative effect on profits.
Attacks on Small Businesses That Receive Too Much in Credit Cards
The IRS has been pushing for many years to capture cash income of small businesses and force him to pay taxes. That is one of the reasons that the IRS is requiring credit card merchant service companies to report a 1099-K for businesses to the IRS.
Event Planning Finance Tips
The initial stages of planning an event can be daunting. People may have a great time attending your event, but operating at a loss puts the event, if not the company, at risk.
What to Do Before Applying for a Business Loan
A critical stage in the small business loan application process happens before you even begin filling out an application form. There is much advance preparation to be done.
How to Turn Down Clients Without Alienating Them
If you’re still building your customer base, enhancing your reputation, improving the quality of your services or products, acquiring customer testimonials and developing a ground-swell of word-of-mouth support, then you’ll likely be exceedingly grateful for—and accept—every client walking in the door.
Using Small Business Lending to Grow Your Business
How do small companies get the funding they need? Businesses often find it difficult to receive small business loans from a bank or other lending institutions. But once you get working capital for your business, what can you use it for?
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