April is National Financial Literacy Month. According to the Office of the Comptroller of the Currency (OCC), “’Financial literacy’ describes the … Read more about Financial Literacy: What Owners and Employees Need to Know
How to Maintain Vendor Relationships to Improve Profitability
Vendors provide products or services to businesses. This can include raw materials, software solutions, or professional services. Partnering with … Read more about How to Maintain Vendor Relationships to Improve Profitability
Predicting Future Expenses as a Small Business Owner
Financial forecasting is a vital skill for small business owners. It helps predict your future expenses, ensuring you have steady armor to face … Read more about Predicting Future Expenses as a Small Business Owner
Know Your Risks and Mitigation Strategies
I think small business owners are the bravest people. They face a myriad of risks, any one of which can undermine the viability of their businesses. … Read more about Know Your Risks and Mitigation Strategies
Financial Literacy for Entrepreneurs: Key Concepts to Understand
Financial literacy is indispensable for entrepreneurs striving to build and sustain successful businesses. Understanding key concepts, such as cash … Read more about Financial Literacy for Entrepreneurs: Key Concepts to Understand
What Payment Methods Do You Use for Your Obligations?
You have to pay the rent, make payroll, deposit taxes, pay vendors, and more. You want to do this in the most efficient way, meaning you want to … Read more about What Payment Methods Do You Use for Your Obligations?
Recession-Proofing Your Business: All About Cash
The old expression “cash is king” really hits the mark during a recession. SCORE reports that 82% of small businesses fail due to cash flow problems. … Read more about Recession-Proofing Your Business: All About Cash
5 Reasons Why a Line of Credit Could Benefit Your Retail Boutique
When it comes to managing a retail business, such as a fashion boutique, maintaining a healthy financial status is crucial for ensuring success in the … Read more about 5 Reasons Why a Line of Credit Could Benefit Your Retail Boutique
Seasonality for Your Business: What Winter Means
Many businesses are year-round while others fluctuate at various times of the year. In my town in Florida, late November through mid-April is referred … Read more about Seasonality for Your Business: What Winter Means
What to Do When You Don’t Get Paid
As recession creeps up, it’s likely that money owed to you may become harder to collect. Perhaps it’s outstanding receivables. Maybe you’ve loaned … Read more about What to Do When You Don’t Get Paid
Startup Ideas: 5 Business Numbers to Watch Carefully
Understanding and monitoring your business’ financial information is critical to success. When starting a business, financial terminology may be … Read more about Startup Ideas: 5 Business Numbers to Watch Carefully
3 Best Tips for Managing Your Business Cash Flow
If you're about to start a new business or have started up but are still finding your way, here's a statistic that might make your eyes water. Around … Read more about 3 Best Tips for Managing Your Business Cash Flow
Can You Trust These Business Colloquial Expressions?
You’ve heard the phrases that have become cliches in business parlance, such as cash is king. They are repeated as if they are always correct. But … Read more about Can You Trust These Business Colloquial Expressions?
25 Ways to Cut Expenses
With inflation and rising prices, higher wages and employee benefits, and other pressures on profitability, it’s essential for small businesses to … Read more about 25 Ways to Cut Expenses
Three Critical Financial Matters: Cash Flow, Credit Rating, and Time Management
Business owners may think of revenue as the only financial concern that matters to them. They’re wrong. Bringing in revenue and keeping the pipeline … Read more about Three Critical Financial Matters: Cash Flow, Credit Rating, and Time Management
