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10 Things You May Not Know About US Small Businesses
Are you an entrepreneur or small business owner? Are you supporting entrepreneurs and small businesses?
According to this research from the Office of Advocacy, Small Business, there are some good reasons to patronize small businesses, and there...
7 Essentinal Resources for Small Business
So you want to start a business but you don't have a lot of money? Start your business online, and it won't be a problem.
There are some pretty terrific resources you can use. Some of them you have to pay for, but they are inexpensive and...
Promotional Tools That Work For Online Businesses!
Promotion... also known as selling. Not an easy task in today's market, but with the right tools you can succeed. What I know is what I have learned in promoting a.k.a. selling my web site, spiritwhole.com, and trust me, I could write volumes by...
Solve Big Problems To Make Big Money.
One of the fundamental truths I've learned about Internet Marketing is that no one really wants to pay for information. The truth is, the only reason people will ever pay you for your information right now is because you can solve their most...
Succession Planning - 10 Vital Points for Business Success
Succession Planning isn't just about preparing for boardroom changes or grooming your son or daughter to take over when you want to retire. It's much more about how those managing others create seamless changeovers, preparing who you have, for...
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7 Stress Saving Strategies for Beating the Small Business Cash Flow Blues
Small business owners can relieve a lot of their own cash flow
problems, according to Caroline Jordan, small business advisor
and author. "Small business owners have more control over their
cash flow than they realize." says Jordan.
To help you get a jumpstart on solving your own cash flow woes,
Jordan offers a free, "Cash Flow Master checklist" that you can
get by sending a blank email to
TheJordanResult-110571@autocontactor.com. Jordan also suggests
the following tips to help you understand why cash flow problems
plague 66% of small businesses.
1. Avoid the dreaded "Fly by the Seat of Your Pants" accounting
method.--Businesses need to systematically track income,
expenses, accounts receivable, and accounts payable. If you only
know how your business is doing once a year at tax time, you're
bound to end up deeply mired in the Cash Flow Swamp.
2. Developing "Strength in Numbers"--Once you have your
accounting system in place you need to learn what the numbers
are telling you and how to use those numbers to manage and grow
your business.
3. Keep tight control of credit--Business owners can get
themselves in credit trouble two different ways; poor credit
granting practices and shortsighted use of credit from banks,
credit cards, and vendors.
4. Be sure your Receivables and Payables "play nice"
together--The money owed to you by your customers should arrive
in time for you to pay your vendors and your employees. When
your customers take 60 days to pay and your vendors want to be
paid in 30
days, you can quickly end up with a Cash Flow Crunch.
5. Make decisions based on Cash Flow not Profit--Many businesses
that fail are profitable when the doors close. What those
businesses don't have is CASH. When you pursue that big, juicy
contract or think about hiring another employee, always ask
yourself "What will this do to my cash flow?"
6. Don't forget your debt to society-- Some bills are easy to
forget. Bills like sales tax, payroll taxes, and estimated
taxes. Ignoring them doesn't make them go away. Planning ahead
makes the bite easier to take and keeps your from suffering Tax
Day sticker shock. Scrambling to find money for taxes causes
major cash flow problems.
7. Don't spend your company's future on a speed boat--Everybody
loves toys. Don't make the mistake of thinking all the profits
of your business are "fun money". You've heard it many times
from personal financial planners that you should have enough
cash put aside for six months of expenses. This is true for your
business, too. Sales ebb and flow. Expenses rise. Customers
leave. Vehicles break down. Computers fry. The number one rule
of small business is "Stuff Happens". Having a reserve of cash
keeps your cash flow from tanking every time a new challenge
appears.
About the author:
Caroline Jordan, MBA helps self employed professionals build
successful businesses, attract clients they enjoy working with,
improve cash flow, and develop additional sources of revenue. To
find out how visit: http://www.TheJordanResult.com
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United States Small Business Administration |
An electronic gateway of procurement information for and about small businesses. Search engine for contracting officers, marketing tool for small firms, ... |
www.sba.gov |
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SBA |
The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle. ... |
www.sba.gov |
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Main Page - SmallBusiness.com - Small Business Resources |
Find Small Business plans, advice, tutorials about organization, corporations, entrepreneurship, and smallbusiness. |
www.smallbusiness.com |
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Yahoo! Small Business: Domain Names, Web Hosting, E-commerce ... |
Yahoo! Small Business provides products and services that enable you to establish and grow your business on the Internet. Services include domain name ... |
smallbusiness.yahoo.com |
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Small business advice business start up small business finance ... |
business start up small business finance start up advice. |
www.smallbusiness.co.uk |
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Smallbusiness.gov.au redirect to business.gov.au |
Business Entry Point - Helping small business in big ways. An Australian Government initiative. The content from this website has now been consolidated into ... |
www.smallbusiness.gov.au |
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Business & Small Business |
Online and print small business publication. Information to help start, grow or manage a small business. |
www.entrepreneur.com |
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Microsoft Small Business Center |
Your home for information about Microsoft's small-business products and services, tailored business advice, technology tools, and more. |
www.microsoft.com |
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The Small Business Advisor - advice for starting and operating a ... |
Advice and assistance for starting and operating a small or home based business. |
www.isquare.com |
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SCORE "Counselors to America's Small Business" |
A nonprofit association dedicated to encouraging the formation, growth, and success of small business nationwide through counseling and mentor programs. |
www.score.org |
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Small Business and Self-Employed One-Stop Resource |
IR-2006-2, January 3, 2006 - Temporary and proposed regulations will significantly reduce tax filing burden for nearly 950000 small business owners. ... |
www.irs.gov |
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Welcome to Small Business BC your business resource in British ... |
BC Business Services offers assistance and resources for those running or starting a business in British Columbia and Vancouver. |
www.smallbusinessbc.ca |
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Small Business Service | Home |
Provides information and advice to help small businesses realise their potential. |
www.sbs.gov.uk |
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NSW Small Business |
A site developed by the NSW Department of State and Regional Development for small businesses. Topics include management, resources, current issues and ... |
www.smallbiz.nsw.gov.au |
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Business Management & Advice: Small Business Resources & Information |
Looking for business management and advice? Our website includes small business resources and information that can help you. Visit the small business ... |
www.businessweek.com |
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Small Business Lawyer, Attorney, Law, Legal Help - FindLaw for ... |
Information and legal sites relevant to small business. |
smallbusiness.findlaw.com |
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Small Business Funding Opportunities (SBIR and STTR) |
Links to Small Business Funding Opportunities and SBIR / STTR Applications. |
grants.nih.gov |
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Microsoft bCentral Small Business Directory |
Directory categorized by industry with company business card feature. |
sbd.bcentral.com |
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Our site has moved! Please update your bookmarks! |
Facilitates the sharing and exchange of information among small business development centers, the small business administration and other business-oriented ... |
sbdcnet.utsa.edu |
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Small Business Development Corporation |
Our business information services provides guidance to improve business skills and knowledge on advice on starting, buying, selling and expanding a small ... |
www.sbdc.com.au |
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