Pricing, cash flow, money and more.
Contributed by Ty Kiisel a Main Street business advocate, author, and marketing veteran with over 30 years in the trenches writing about small business and small business financing. Although it might not look like the pandemic is over, small businesses are largely back at it; serving customers and working on their businesses. Over the...
Contributed by Carole Anne, the bubbly head honcho of Key Admin - A professional bookkeeping business in Australia. As a small business owner, you can expand your business by ensuring its financial health. However, with so much to do, it is a very tough ask. Paying attention to the financial side of the business along with...
Contributed by Octavia Conner, a financial consultant specializing in outsourced CFO and tax services. It's a common belief among small business owners that achieving $1 million in revenue indicates success. However, many owners struggle to make their businesses profitable even when they reach high revenue figures. A $1 million consulting company with ten employees might have...
Invoicing is a very simple operation. It's a KEY part of small business success. To quickly invoice a customer and get paid. However, I'm surprised at how many business owners send me a "manual" invoice and want me to send them a check. I've not sent a check, in years. Several companies are offering free...
I applaud the awesome startups who raise funds and build billion-dollar valuation businesses. Guy Raz writes about some of them in his book "How I Built This". However, to think that the ONLY way to get the capital to build a business, is through debt financing or equity financing - traditional startup investment -...
For years I've struggled with being cash flow positive in my business. YES, I've started several companies. YES, I've sold two of them. YES, I've been blessed to have some measure of success. And YES, for years I've been in debt, using tons of credit and etc. However, over the past several months I've...
Contributed by Blake Hutchison CEO of Flippa.com You’ve invested time and money into building your online business from scratch, but now you’re ready to embark on a new adventure. Perhaps you want to free your schedule from the commitment that comes with managing a digital asset. The thought of traveling the world sounds enticing. Spending more time...
Cash flow is the lifeline of your business. Whether it is the need for more capital from your supplier or hiring new employees — you cannot make better decisions to grow your business if you don't have good cash flow. What's more, good cash flow can help your company secure a loan with less...
Business owners make multiple payments regularly. Vendors, business expenses, suppliers, raw materials, taxes, rent are just a few. Making timely payments to everyone is critical for your business to operate like a well-oiled machine. Be it a vendor or supplier, a slight delay in payment can damage your business relationship and your ability to make the payments...
The thought of selling your business is daunting. You’ve put years, maybe even decades of your life into it. So how can you be sure you get the highest return on your investment? A solid exit strategy will equip you with the tools to make the best possible transition. The best thing you can...
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