Posts Tagged ‘Debt’
What To Do With Your Tax Refund
Receiving a tax refund can feel like a windfall, a sudden infusion of cash that arrives with a sense of possibility. This unexpected financial boost allows you to make strategic decisions that significantly impact your financial future. How you decide what to do with your tax refund depends on not just your current debts, but…
Read MoreBudgeting Basics: Managing Finances for Small Business Success
Proper financial management is a cornerstone of any successful business today, regardless of your preferred market or industry. Without the ability to oversee financial decisions, investments, and expenses in real-time, managing your company’s profitability, investor relations, and sales can quickly become tedious, time-consuming, and ultimately, even overwhelming. Learning the basics of budgeting and managing finances…
Read MoreDon’t Be Embarrassed About Debt–Do This Instead
If you’re currently in debt, you might be feeling embarrassed or humiliated about your financial situation. But you shouldn’t be. Save your embarrassment for that 7th grade class picture where you sported headgear. Or that unfortunate summer when you decided to bleach half your hair. Debt is extremely common and having shame about it is…
Read More2nd Time’s a Charm: Trying Again is the Winning Strategy
There is no shame in trying and failing. Life is like baseball. It is mostly failure with a few notable successes. Think about it: A baseball player batting 300 is considered wildly successful. That player fails to get a hit 70% of the time. Most sales jobs have a worse average. You are lucky to…
Read MoreThe Extended Enterprise: Outside Help for SMBs Managing Technical Debt
2020 has brought business leaders challenges, undercutting established business plans and negating processes and practices leaders have developed and relied on for the health and success of their business. The pandemic and resulting economic disruption have taken a toll on all businesses, but especially small and medium-sized businesses (SMBs), which typically do not have the…
Read MoreThe Smart Way to Manage Business Debt
Much of how I feel about when and where to borrow I learned working with my Dad in his small business as a young man. My views are pretty conservative when you consider that popular media would have us all believe that money is the answer to every small business challenge. I just don’t believe…
Read More4 Immediate Ways to Get Your Business Out of Debt
If you have recently started a business – or run into some unexpected trouble – then you may have some debt. This is a normal part of running a business; there will be good times, but you will also see your fair share of difficulties. But, if your debt is starting to get out of…
Read MoreWhen is the Right Time to Choose a Personal Loan?
Is there a ‘right time’ for applying for a personal loan? Perhaps it’s easier to think about when it’s the wrong time to take out a loan. You don’t have to wait until your situation becomes desperate – careful planning for a loan could be a very wise thing for you to do. Here are…
Read MoreHow to Handle Outstanding Invoices
If you own a business, it’s likely you’ve encountered a customer or client who’s late in making a payment for goods or services you provided. Late payments can sometimes drag on for months or even years. Clearly, you don’t make money if you don’t get paid. So, it’s important that you follow up. But what’s…
Read MoreTop 4 SBA Myths Dispelled
The Small Business Administration (SBA) loan program is amazing. It’s a big driver of the economy. Every year, the SBA, a government agency, guarantees thousands and thousands of loans to small business across the United States, totaling several billion dollars (not a typo, that’s billion with a “b”!). There are a bunch of unique features…
Read More