Posts Tagged ‘Budgeting’
How to Start a Small Business Without Ruining Your Credit
Starting your own business is no doubt a noble endeavor. But on the road to becoming a successful entrepreneur, you’ll encounter numerous obstacles that will test your courage, character, and ability to remain focused and positive. To take the helm of your own enterprise is truly the adventure of a lifetime. For aspiring entrepreneurs, starting…
Read MoreHow to Start a Budget
When running your own business is your big passion, it’s very easy to let your private life fall into a state of disrepair. But keeping an orderly domestic situation is important to reduce stress in your professional life. It’s difficult to concentrate on the complexities of a home business when your actual home life is…
Read More5 Tricks to Pay Off Business Debt and Recover from Financial Disaster
Are you overly worried about your small business debt? Well, you’re not alone. Nearly 50% of small businesses collapse because of the following reasons: Lack of capital Heavy debt burden Poor credit arrangement In most cases, entrepreneurs need to borrow for business growth and expansion. But, when they borrow too much and at the wrong…
Read More4 Ways Your Business is Wasting Money
To err is human. Many entrepreneurs make mistakes when starting a new company, and that can often result in the downfall of a company. It’s not because they pigheadedly or recklessly jump on a new business idea. Enthusiasm and passion are requirements to succeed. However, small business owners make errors without actually understanding or even…
Read MoreFinicky Finances: Make Sure Your Company is Spending Smart
Maintaining good business finances is a necessary part of running any company, but that doesn’t mean doing so is always easy. Many businesses fail to properly manage their money and in a short period of time have to permanently lock their doors. Instead of succumbing to this pitfall, ensure your company is not spending more…
Read MoreWhy Every Organization Needs a Budget
Budgets are like oil tankers – they need time to change course. ~Jeroen De Flander In all my years advising businesses, I have seen many that just did not have budgets. These operations ranged from relatively large businesses with $10 million in sales to very small businesses and startups. Every time I ran across one…
Read MoreTips to Stretch Your Trade Show Budget, Part 1
Many businesses have come to realize that trade shows are an indispensable part of their marketing/sales process. Although there is a lot of value that comes with exhibiting at a trade show, businesses have to budget accordingly to make it a success. Here are tips on how you can save money on trade shows to…
Read More3 Marketing Tips on a Budget
According to a recent survey, only 15 percent of business owners spend more than $1,000 on marketing each month, while sole-proprietorships spend an average of just $290. In other words, chances are if you own a small business, you’re likely looking for ways to get the word out about your business without a large cash…
Read More5 Marketing Ideas for the Budget-Friendly Small Business
Marketing is expensive but so is a failed business plan. Stretch your marketing budget further with these simple strategies, guaranteed to help your budget-friendly small business succeed. Invest in the Right Social Media Having conversations and engaging with clients and potential customers is important on social media – we all know this. But, having the…
Read MoreHow to Pick Your Shots When Advertising a Small Business
Almost every small business and startup faces a single problem and it’s one that gets very little attention in articles like these: How can you compete against bigger or more established businesses? If you only pay attention to the conventional wisdom that is most often articulated in advice articles, it will make marketing or advertising…
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