Posts Tagged ‘Cash Flow’
Is Your Business Bleeding Cash? Here is Your First Aid
Sometimes we find we are cash strapped regardless of how business is booming. In fact, you can have a very successful business go under simply because it is bleeding to death. Cash is essential to the day to day running of a business, and unfortunately, revenue does not always equal cash. This means the books…
Read MoreDawn’s Stop-Doing List
Stop cutting your prices to find more clients. Do mine your existing client base for new revenues and referred business. A 5% increase in retention of a profitable customer yields a 25-85% increase in bottom line. Engage and reward existing clients. And ask them to partner with you to reach more of their friends. Eagles…
Read MoreWhat Do Business Plan Financials Look Like?
People often ask: What do business plan financials look like? You can get away with a sales forecast, spending budget, and cash flow plan. That’s enough for actually running your startup. It’s the essential numbers in a lean business plan. If you want to do it right you take it further and present projected (also called Pro Forma)…
Read MoreInvoicing Doesn’t Have to Be Hard: 8 Tips
Although it may not seem like it now, invoicing doesn’t have to be hard. Understandably, many small business owners have a lot of tasks that they have to do on a daily basis. Because of all these responsibilities, they often don’t have the time and resources to spend on learning much more than they need.…
Read MoreSmall Business Health Check: Are Your Finances in Order?
The success of your small business hinges on the health of your finances. Every business faces hurdles and unexpected expenses—but when properly prepared for, these are just minor inconveniences. Financial security when it comes to small businesses has little to do with gross sales and everything to do with how money is handled. Are your…
Read MoreIs Your Business Stable Enough for Growth?
The question might appear almost redundant: what business wouldn’t benefit from growth? But while growth is the lifeblood of any company, it also brings significant challenges—particularly in the cash flow department. In fact, a growth phase can be particularly dangerous as it will involve heavy investment in the business, including the purchase of new stock…
Read More8 Small Business Funding Options That Solve a Cash Flow Crisis
If small business owners had it their way, they’d never have to worry about money. Their bank accounts would always give them the financial flexibility necessary to pursue any and all opportunities for growth. Unfortunately, it’s not that simple. According to a recent study, more than 60% of small business owners worry about their cash flow…
Read More5 Steps to Maximizing Your Startup Cash Flow Runway
Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs…
Read More4 Different Payment Methods for Your Small Business
One method to maximize sales (and success) of your small business is to offer various payment options. By doing this, you are giving your customers choices and also capturing every sale you possibly can. While everyday there seems to be a new way to pay, this guide will help you sort through the numerous options…
Read MoreWhere the Top 4 Small Business Payroll Processing Errors Occur
Did you know that as soon as you hire on a person to assist you with your self-employed business, you immediately have to add payroll expenses to your overhead costs? Small business payroll expenses often fall between 15 and 30 percent of a business’ entire gross income, and can fluctuate to as high as 50…
Read More