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 […]
Every small business owner must stay on top of one thing: managing the money. Cash flow is all about how money moves in and out of your business. And your goal should always be to keep cash in your business operating account as long as possible. Managing your small business finances requires a specific skill […]
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 Octavia Conner, @SayYesToProfits. Octavia is the #1 Virtual CFO and Strategic Business Advisor to 6 and 7-figure businesses. She is […]
Raising capital for your business is always a challenge. The eligibility criteria in the business lending space are stringent, and investors are quite picky too. The lack of funding options may, at times, frustrate you. But there is a way. You can use your investment IRA assets to raise money for your business. Your self-directed […]
Cash is king. If you don’t manage your money well, you could find yourself out of business quickly even if you have plenty of sales. I’ve written 7 of my best money management tips that every business owner should use to run a successful business. Use a Budget: Every Fall you should develop your new […]
It’s just about summertime, and vacation is fast approaching with the kids just about out of school. There’s no time I enjoy reading a good book — business or otherwise, than in the summer. I love that I can bone up on how to run my business under the shade of a tree in my […]
Every week as SmallBizLady, I conduct interviews with experts on my Twitter talk show #SmallBizChat. The show takes place every Wednesday on Twitter from 8-9pm ET. This is excerpted from my recent interview with @NicoleAFende. Nicole is The Numbers Whispererâ„¢ and President of Small Business Finance Forum. As a credentialed actuary with experience as a Chief […]
Starting a small business is not a 9 to 5 job. In the beginning your business owns you—you do not own it or your time.