Finance
Compete on Value, Not Price
Instead of chasing the lowest price, you must develop customers who are loyal to you because you have provided them the value they need. Just remember that it is up to you to spell out this value so they understand what they are receiving.
What to Do If You Default on a Business Loan
Defaulting on an existing loan can significantly damage your FICO score and increase interest rates as well. When it comes to a business loan, defaulting doesn’t always mean the end of the business.
Don’t Lose Profits: Pay Close Attention to Your Financial Documents
No business is designed to take losses. You would be hard pressed to find a small business owner that is setting out to lose money, and to not end up a successful business. Paying attention to profits can go a long way in helping a business, even if a profit does not seem likely all the time. Below are a few points to keep in mind when managing financial documents.
An Unconventional Path to Better Business: Raise Your Rates & Turn Clients Away
When I started out my own business, I made so many mistakes. A year and a half later, the company’s revenue has increased by over 300% and my personal profit has increased by more than that. Want to know the reason? I did two things: I raised my rates and got pickier about the clients I work with.
Money Tips: 10 Best Personal Finance Books of All Time
Money management is one of the most important skills a young person can develop. Unfortunately, many people lack even the most basic money management skills for one reason or another. The below books are a list that every 20-something should read.
Gross Margin Doesn’t Tell the Whole Story
Your financial report says that you’ve achieved a 35% gross margin on your latest project/job. Should you be happy? Maybe. Gross margin doesn’t tell the whole story.
Top 10 Advantages of Billing Clients Online
It is shocking to learn how many businesses are still manually creating their invoices and using outdated invoicing software programs. There are so many more efficient ways to generate invoices and keep tracking of your company’s financial information. In today’s competitive marketplace, businesses need to invest in better technology like online billing to save their company valuable time and money.
Understanding the Value of Business Credit
If you have ever purchased a car, bought a house, or applied for a credit card, the chances are strong that you’ve been asked for your personal credit score or had your personal credit report pulled. The detail contained within your personal credit…
Start Now to Save on Small Business Tax Preparation for 2014
Although it seems that tax season just ended, it is important to prepare for the future. Tax preparation is something every business owner should constantly keep in mind, and the 2014 tax season will approach quickly.
Understanding Alternatives to Typical Credit Card Merchants
Most of us have heard of eBay’s PayPal, but that was just the tip of the iceberg. Consider the trajectory of the corded phone attached to the wall to Bluetooth technology. The way we take credit cards online is traveling through the same kind of historical shift in a comparable way.
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