The two most important jobs you have as a business owner is getting business and getting paid. Being a bill collector is one the toughest jobs you’ll have as an entrepreneur. But if you take control of the situation up front, you can minimize any delays with payments. The key thing to do is make […]
Smallbizlady’s Sales Advice for Start-up Businesses
Generating sales is a task that many aspiring entrepreneurs sometimes feel ill-equipped to take on, but no sales = no money. So what is a start-up entrepreneur to do? Have a detailed marketing plan and sales projections, but take on sales in your business in small chucks. I like to look at things in terms […]
Give Your Business Finances a Fighting Chance
Give Your Business Finances a Fighting Chance, by Morgan Leu Parkhurst Whether you have owned your business for years or plan to open your doors for the first time next week, there are a few things you can do to save money. The Joneses of the business world will have you believe that if a […]
Now Read This: Small Business Taxes Made Easy
I like this book Small Business Taxes Made Easy: How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits by Eva Rosenberg (@TaxMama). It is great no-nonsense tax-advice! Eva is passionate about helping small business owners pay the least business taxes legally possible, but she also provides information (however tough it may […]
Ask @SmallBizLady: How to Develop an Effective Sales Strategy
Every Friday, I answer your small business questions in a video blog segment called Ask Small Biz Lady. This week, we are taking on the question: How to develop an effective sales strategy for your small business? Here’s the answer: Know your target customer! Determine your 30-day sales goal. Determine your weekly sales goal. Determine your […]
Where to Find the Money to Start Your Small Business
One of the most common questions that I get as SmallBizLady is about start-up financing. ”Do I know where people can get a grant to start their small business?”. Now Hear This: BYOB doesn’t just stand for Become Your Own Boss! BYOB also stands for Be Your Own Bank! There are NO grants! When you […]
How to Use the Four Types of Income to Your Advantage
“The poor man’s budget is full of schemes”. — Proverb “The definition of insanity is doing the same thing over and over and expecting different results”. — Albert Einstein How are your budgeting strategies doing? As a small business owner, it can be far too easy to get stuck in a bad budget rut. […]
What Small Business Owners Need to Know About Attracting Funding
“Where am I going to get money?” is a common question that small business owners have and it’s a real concern. If you are not in a position to be your own bank, you’ll need to find another source. When you are ready to start pitching banks or investors you might want to keep a […]
Bootstrapping Your Business From the Ground Up!
There is no doubt that starting a business is exciting! Whether it is something that you’ve dreamed about for years or life led you in that direction, it is undeniably gratifying to know that you are building something from the ground up. It is exhilarating, fulfilling, time-consuming and let’s not forget costly. Yes, we can’t […]
Cash Vs. Accrual Accounting
Three Reasons Small Businesses Need to Know Both While it makes sense for most small business owners to avoid the day-to-day details of accounting, there are two concepts about the structure of their accounting records that every business owner should understand. In fact, you may have already heard the terms cash-basis and accrual-basis from your […]
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