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Profit Is Not Cash

| Ruth King
Each month, your profit and loss statement tells you whether you earned a profit or had a loss. It does not tell you how much cash you have. You must turn your profits into cash by collecting your receivables and paying the expenses incurred to produce those revenues.

Don’t Let Your Beliefs Limit Your Pricing

| Jerry Osteryoung
As a business owner, you want your prices to be fair to both you and your customer. But your price should also reflect the value that your customers are getting. Don’t limit your pricing based on your fears of what customers will think. If you’re still offering value, then you’ll find the customers you need.

Business Travel Basics

| Rick Gossett

A business trip is a good opportunity to do productive work for your business while earning substantial deductions. But it’s important to know the rules and limitations of deductions for business trips. You need to be aware of what constitutes a business trip, what things are deductible, and what you need to do to support your claims. You can combine business trips with pleasure trips, but be careful to ensure your trip still qualifies.

The “Forbidden Industries”

| Kevin Sasser
There are certain businesses mainstream lenders do not want to be associated with—and some of those industries would surprise you. Being in one of these “forbidden industries” can add another challenge to finding funding, and make some forms of funding impossible.

Red Flags to Avoid When Searching for Funding

| Kevin Sasser
Finding funding for your business is a long, involved process, but there are common “red flags” that underwriters monitor that impact your search. Here are some of the most common red flags underwriters will be looking for.

Improving Your Business Credit Score

| Kevin Sasser
Your business’s credit score is based on the same principles as your personal score. But there are scenarios where your credit score may not accurately reflect your business’s financial stability. If you feel that is the case, here are some steps you can take to improve your score.

Business Loans and Other Funding Options

| Kevin Sasser
If you conclude that your business needs more capital to sustain operations and fuel future growth, you have a wide range of options. There are traditional bank loans, but there are also many alternatives with different costs, terms, impacts on your credit rating, and application processes.

3 Ways to Make Your Business More Attractive to Investors

| Deborah Sweeney
Small businesses looking to expand are often looking for investors—but don’t know what they should do to make themselves more attractive to those investors. To make your business more investor friendly, follow these 3 key steps.

How to Maintain a Sane Approach to Taxes

| Rick Gossett

We all get stressed out around tax time. There are so many complicated, intertwined rules and regulations that it’s easy to get tripped up, especially when your focus is on building a business. here are 10 tips to maintain a sane approach to taxes.

How to Deal with an IRS Audit

| Rick Gossett

Do you know what to do if the IRS decides to audit you or your business? If you’re prepared and know what to expect, things will go more smoothly. There are important things you can do starting during your regular filing all the way through your official report.

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