1. Track Expenses Using a Budget. Budgets are about planning and tracking spending -you need financial information to make business decisions. Track business expenses by month or by quarter. Ideally, you should have a twelve month budget, but at the very least, make a three-month budget. 2. Eliminate Unnecessary Expenses. Club memberships or services with […]
#SmallBizChat Live Telesummit Recap (Part 1)
(Dear readers: this is the first part of a two part post about SmallBizChat Live Telesummit. Part two will post on Friday, November 13, 2009.) Every week as SmallBizLady, I conduct interviews with experts on my Twitter talk show #SmallBizChat. This past week, I presented the first annual #SmallBizChat Live Telesummit. The goal was to […]
#SmallBizChat Live Telesummit Recap (Part 2)
(Dear readers: this is the second part of a two part post. Click here to see part one.) Every week as SmallBizLady, I conduct interviews with experts on my Twitter talk show #SmallBizChat. This past week, I presented the first annual #SmallBizChat Live Telesummit. The goal was to give the audience the information to create […]
How is Your Entrepreneurial Literacy?
This is National Entrepreneurship Week Feb 20-27, 2010. This year‘s theme is Entrepreneurial Literacy Empowers Everyone. This is a theme that I truly embrace. Whether you are still working in corporate America, running a nonprofit, or leading the charge in your own small business – being able to evaluate things from a business perspective will always […]
Can You Afford to Become An Entrepreneur?
Everyone has good ideas. Some of them may even be million dollar ideas, but if you live from paycheck to paycheck or way beyond your means, you may never be able to quit your job and start a business. As the Smallbizlady, often I get emails, facebook messages and DM’s on Twitter from people asking me […]
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 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 […]