Finance
Spot Quiz: What Percent of Small Business Owners Manage Cash Flow?
I’ll tell you what taught me to watch cash flow, always, and very carefully: the lack of it. It wasn’t two years at business school; it was a growth spurt (sales doubled) that sucked up all the cash and left me looking for a second and third mortgage to keep the business going. That’s something you don’t forget.
5 Basic Tax Tips for New Businesses
If you start a business, one key to success is to know about your federal tax obligations. You may need to know not only about income taxes but also about payroll taxes. Here are five basic tax tips that can help get your business off to a good start.
How to Get a Business Loan: What You Might Not Know
A lot of what it takes to get a business loan is common sense. Get your credit in order, be professional, and make certain you can provide your own investment. These seem like no-brainers, right?
What Are Small Business Lending Options for Sporting Goods Stores?
Sporting goods stores have no offseason; they’re constantly adhering to customers’ demands and purchasing inventory for every new season that comes. And like any small business, sporting goods stores need financing in order to keep up with the constant demand they face on a daily basis.
Create a Ten Percent Profit Model
Most entrepreneurs, when starting to model their business operations using a spreadsheet, start with expected revenue by month. Then they calculate cost of sales, and then project their expenses, to find the bottom line profit or loss each projected month.
Cash Method for Small Businesses
On July 10, 2014, the House Small Business Committee’s Subcommittee on Economic Growth, Tax and Capital Access, held a hearing – Cash Accounting: A Simpler Method for Small Firms? Congressman Tom Rice opened the hearing noting that he is a former tax attorney and CPA.
3 Things to Know Before Signing Up with a Merchant Card Processor
Looking to quickly grow your business and accelerate your cash flow? The solution is simple: accept credit card payments. To do so, you must first open a merchant account and sign up with a merchant card processor to process electronic payments and distribute them to the appropriate account.
Alternative Lending Challenges for Franchise Owners
Since the financial crisis, alternative lending companies have begun to take the place of more traditional lending options. While you may struggle to meet the requirements for a bank loan, it’s a different story with alternative lending.
How to Save a Failing Business
The competitive nature of modern economies can leave any company vulnerable to the prospect of financial disaster. Difficulties with debt and creditors can quickly run out of control with anything other than a truly robust business strategy and a reliably winning formula.
Startup Budgeting for Small Business Owners and Entrepreneurs
You have a great idea for a small business—and the business know-how to pull it off. You’ve done your market research and written an airtight business plan. If you think this means there’s no way your business can fail, you may want to take a closer look at your financial plans.
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