Archive For: Administration

3 Steps to Get Your Business Growing Again

3 Steps to Get Your Business Growing Again

All the small business economic trends according to the National Federation of Independent Businesses (NFIB) seem to be pointing to the fact that the economy is picking up.  And, businesses are beginning to focus on growing again.

Have you built your growth plan?  …

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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 Causes of Entrepreneur Financial Problems

3 Causes of Entrepreneur Financial Problems

Entrepreneur financial problems are one of the biggest challenges they face.   Usually it’s because they don’t have enough financial resources to accomplish their business goal.  This is because a business cannot exist without financial resources, but many businesses don’t have enough to accomplish their growth objectives.…

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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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Creating Your Business Plan Made Easy!

Creating Your Business Plan Made Easy!

Writing a business plan is really just a mechanical process.  The reason writing a business seems so hard is most people haven’t answered 2 critical questions before they start — “what” and “why”.  The first question “what” gives you the target that you’re shooting for.  …

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4 Keys to Creating a Profitable Business

4 Keys to Creating a Profitable Business

We’ve all heard the statistics: 7 out of 10 new employer firms survive at least two years, and about half survive five years.  According to the SBA statistic reported by SCORE in 2008 there were 627,200 new businesses, 595,600 business closures and 43,546 bankruptcies.…

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