Mastering Cash Flow in Your Small Business

Posted in MONEY

Managing cash flow is critical to keeping your doors open. Much like the blood that courses through your body, cash flows through every area of your organization, nurturing its growth and preventing problems. To keep your business healthy — and to get sufficient early warning when it’s not — here are some suggestions for monitoring [...]

How to Balance Creative With Practical Advertising


The best way to get results from advertising, experts say, is to balance out-of-the-box creativity with practical media buys. Yet many small-business owners rely heavily on one strategy or the other. Sound familiar? You can improve your advertising results by emphasizing what you’ve been neglecting. Here are some guidelines for finding and maintaining balance in your advertising efforts. Use Templates, [...]

The Advantages of Revealing Your Financials to Staffers


It’s traditional for business owners to keep mum about financial data and other sensitive information. But nowadays there are some advantages to sharing details about the inner workings of your company with employees, particularly if you have an “open” office culture. For example, Albe Zakes, global vice president of communication for TerraCycle, says his company’s “commitment [...]

Goldman Sachs Program Aims to Help Entrepreneurs Succeed

Posted in MONEY

Looking for resources to grow and create jobs? Goldman Sachs may have just what you need. A program called 10,000 Small Businesses aims to help entrepreneurs by providing them with greater access to education, financial capital, and business support services. It’s backed by a $500 million investment by the firm and its charitable foundation. Here’s [...]

Do You Need a CFO?

Posted in AM I READY?

“Company founders and CEOs are rarely equipped to handle financing strategies, budgets, and dealing with investors. But bringing on a chief financial officer is not cheap,” notes Janine Popick, founder and CEO of the online marketing firm VerticalResponse, on The Huffington Post. “If your company’s revenue is growing quickly, you have new investors, and/or you’ve [...]

5 Questions to Ask Before Outsourcing


Outsourcing is a proven strategy for business success, but it contains some hidden pitfalls. Here are five important questions to ask — and answer — before you agree to let an outside vendor handle any of your company’s processes or operations. 1. How stable is the vendor? By outsourcing essential tasks, you’re making your company dependent on [...]

Beware of Scams Targeting Small Businesses

Posted in MONEY

Every year, small-business owners are swindled out of some $250 million, just by phony telemarketers of office supplies, according to the Senate Committee on Small Business. To protect yourself from these and other fraudsters, beware of a few common scams that target small businesses. Fake Charity Pitches Every time there’s a well-publicized emergency or disaster, scammers solicit [...]

Mobile Apps Enable Small Companies to Collect Business Intelligence


In a world where so much buying, selling, and communication happens online, business intelligence is rapidly becoming crucial to the success of every small business. Years ago, business intelligence required manipulating complex information technology or paying experts to mine databases for valuable nuggets of insight. Thus, the data was available most readily to large organizations with deep pockets, and [...]