Archive For: Accounting & Finance

Cash Flow is KING: How to Monitor It Easily!

Cash Flow is KING: How to Monitor It Easily!

While cash flow is a regular topic here, it’s been a while since we hit the topic from a finance and accounting perspective.  While many small business owners find accounting to be tedious it is extremely important if you ever want to have success with your business.…

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Personal Credit Card Usage for Business May be More Pain Than Relief

The number of people using their personal credit cards for business purpose is growing and that might just prove to be a disastrous financial decision given the risk of mixing pleasure with business. The National Federation of Independent Businesses has found that the percentage of small business entrepreneurs using their personal credit cards to incur business costs have gone up from 42% in 2009 to 49% in 2011.…

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Five Ways Accepting Mobile Payments Helps Expand Your Business

Contributed by Jacob Thompson

A mobile merchant account allows for a business to accept mobile payments through a cell phone or mobile device. Here are just five ways accepting mobile payments can help expand your business.

1. Billing Headaches are a Thing of the Past

If you sell goods or services on the go or at locations other than where your point of sale is located, chances are you often bill clients using credit cards or you have to demand cash or checks only.…

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9 Benefits of Factoring Receivables

9 Benefits of Factoring Receivables

Many people are afraid of factoring, but frequently that’s because of the stigma often attached by the banking community to this form of financing.  There actually are many very positive aspects to factoring.  See if any of these could help your business:

  1. Elimination of bad debt – a non-recourse factor will assume the risk of bad debt, thus eliminating this expense from your income statement.

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3 Reasons Entrepreneurs Struggle Financially

3 Reasons Entrepreneurs Struggle Financially

Any entrepreneur will tell you one of the biggest issues that they struggle with is having enough financial resources to accomplish their business goal.  This is because a business cannot exist without this resource, but many businesses don’t have enough to accomplish what is required.…

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Cash Flow: An Entrepreneur’s View

Cash Flow: An Entrepreneur’s View

 

Cash flow is the life blood of any company.  But many entrepreneurs don’t understand the concept.  Most people believe it’s a financial term so they avoid it like the plague!

What is cash flow?  About.com defines cash flow as “The movement of money in and out of a business and the resulting availability of cash.”  This is a good technical definition, but it does nothing to help someone understand how it works. …

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Avoiding Price Problems That Can Kill Your Business

Avoiding Price Problems That Can Kill Your Business

In a previous post entitled Avoid Blowing Your Revenue Engine I showed you the importance of calculating your maximum capacity and how it can help you make better operational decisions.  Maximum Capacity is important to understanding where the sales function should be focused and if your pricing is set properly too.…

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