Posts Tagged ‘Financial Management’
How to Get People to Pay Attention to Finance Presentations
You know that effective financial management is one of the most essential ingredients for business success, and that communicating this information to key people within your organization is important for achieving company objectives. So it can be frustrating when your audience simply doesn’t listen to your message or take it on board. But blame can’t…
Read MoreFinancial Mistakes Many Small Businesses Make
Having good cash flow is critical to running a successful small business. It’s how other people will measure the success of your company. But finances can oftentimes be tricky, and it can be hard to manage your small business’s money. Entrepreneurs frequently make mistakes involving their finances, but it does not have to be this…
Read MoreHow Not to Spend a Loan
So you realize you now have the option to obtain financing. Your credit is good, you are on steady ground, you have collateral, and you may even have been approved for a loan. How are you going to spend it? If you are already considering applying for a loan, you likely already have plans for…
Read More3 Ways to Boost 401(k) Participation without Increasing Your Costs
Small business 401(k) plans often suffer from poor participation rates. Whether it’s due to a lack of understanding or just plain apathy, many small business owners find their employees uninterested in their workplace retirement plan. Rather than let the 401(k) you worked so hard to install go unused, here’s 3 ways to boost employee engagement.…
Read MoreBranding as a Catalyst for Succession Financing
As your brand moves into the next phase of its existence, the prospect of succession comes into play. When you’re prepared to retire, what will the future hold for the fine company you’ve built over the years? If you have children, have any of them shown any interest in taking over? Can they afford it?…
Read MoreHow to Take Charge of Your Spending Habits
Spending: Regardless of the size of your business, it is always a concern. Unfortunately, many businesses focus on spending only when income is down; too often, this is the worst possible time to be making new decisions about how you are spending your hard-earned money. One of the best ways to ensure a healthy bottom…
Read More4 Fundamental Financial Tips for Small Business
Small local businesses are the backbone of small towns across the United States (and really, the globe). But starting and growing a small business, no matter where you roam, is never an easy task. Here are four financial tips for small businesses that you should consider: 1. Start with a Solid Partnership If you’re not…
Read More4 Bookkeeping Tips for New Businesses
In the world of business, paying tax is as much a part of life as buying and selling. Companies are obligated to pay tax on everything their business makes, unless they can prove they are entitled to a deduction. So, if you don’t keep clear and organized records of your expenses, then you are likely…
Read MoreAvoid These Top 5 Financial Problems in Your Small Business
Managing a small business isn’t easy, and the single largest contributor to business failure is financial mismanagement. Making smart financial decisions and being consistent can make a world of difference to your business success. 1. The Terrible Effects of a Vague Business Plan It’s important to work in your business to keep things running smoothly,…
Read More5 Small Business Bookkeeping Tips for New Business Owners
Raise your hand if you absolutely love handling your small business bookkeeping requirements. There sure aren’t many hands up—and that’s pretty common. Documenting all payments, expenses, deposits, and withdrawals can make your head spin. The good news is that there are some easy ways to simplify this process. Consider these small business bookkeeping tips for…
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