Posts Tagged ‘Budgeting’
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.
Read More 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.
Read More Run Your Business More Effectively with Business Budgeting Software
Do you find budgeting tedious? You’re not alone. Many small business owners dread getting stuck into the books, but in fact your budget is a vital tool for saving money now and planning for the long term. The right budgeting software can make a world of difference, making it much easier to keep your finances in good shape.
Read More 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.
Read More 5 Signs That Your Company Could Be Insolvent
Becoming insolvent is generally the stuff of nightmares as far as small business managers and company directors are concerned. However, it is always better to address the issues upfront rather than hoping they might miraculously disappear or somehow resolve themselves.
Read More 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.
Read More How to Survive Lean Times
Everybody who is in business for himself (or herself) is going to have dry spells every once in a while. So plan for them. Focus on controlling the things you can control.
Read More 5 Tips to Reduce Your Operating Budget
Negotiate, negotiate, negotiate! Whether you are a new customer or an old loyal one, if you open a conversation and negotiate with your suppliers or vendors, most of them will likely respond by lowering prices.
Read More Starting Up on a Shoestring Budget? The Key is Niche Marketing.
In combining two concepts close to her heart—dressing women well for little money and collaborative consumption—Tracy DiNunzio has built a successful, sustainable and innovative business.
Read More Small Biz Check Up
It’s the first week of April. How are your financials doing? It’s time for a small biz check up. By now, all your financials on the first quarter of 2014 should be available to you.
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