Five Secrets to Massive Cost Cutting in Your Small Business

Guest Article While most entrepreneurs think that the number one way to increase profitability is by increasing sales, this could not be further from the truth. In over two decades of being a business owner and coaching other CEOs, I have seen that in 80% or more of cases, cost cutting is by far the […]

How To Get Control Of The Numbers In Your Small Business

Every week as SmallBizLady, I conduct interviews with experts on my Twitter talk show #SmallBizChat. The show takes place every Wednesday on Twitter from 8-9 pm ET. This is excerpted from my recent interview with Dawn Fotopulos. Dawn is an Associate Professor of Business at The King’s College in NYC, the award-winning author of Accounting […]

5 Obstacles Facing Your Small Business Right Now

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It’s no secret that small business owners face obstacles that perhaps don’t faze their larger competitors. A big company with its own legal department can stay apprised of EEOC and Department of Labor rules, and a company with its own HR department will know how to determine the salary to offer a new entry level […]

How to Survive in Small Business with Limited Capital

It’s not easy running a small business with limited capital. If you are just starting out a new business venture, the challenges are even greater. Limited capital is the single biggest factor in determining how much you can, and cannot do to meet the needs of your customers. Having limited funds does not need to […]

7 Ways to Manage Cash Flow

There are so many unique aspects to owning a business. While we can discuss all the ways in which you can gain and retain clients, it’s all for naught if you don’t know how to manage your cash flow in your small business.  It’s important to understand the systems you should have in place in […]

3 Signs Your Cash Flow is in Trouble

As a small business owner, you’ll hear a thousand times over that “cash flow is the lifeblood of your business.” Even if you’re sick of hearing it, it’s important for you recognize why the saying is so popular. Cash flow management will literally make or break your small business. According to Dun and Bradstreet, 90% of […]

How to Get a Grasp on Your Small Business Finances

As a small business owner, you wear a lot of hats. Keeping up with every department, idea and project is hard enough. But when you add finances into the mix, running your business can become downright overwhelming. In spite of the confusion that swirls around finances, small business owners must stay on top of profit, […]

The Importance of Bookkeeping For a Small Business

Accurate bookkeeping is a necessity if you run your own business. It may seem to be something of a chore but it’s vitally important that you keep track of your revenue and outgoings. Many businesses which would otherwise have been successful have been brought down by their failure to maintain proper financial records. Whether you […]

How to Prepare for Irregular Income in a Small Business

Owning a business is great.  You have unlimited earning potential, get to be your own boss, and live outside a gray cubicle.  It is the American Dream.  Except when it isn’t.  The dream can quickly become the American Nightmare when the bills appear faster than clients’ payments.  It plays out as a vicious cycle, but […]