Have you had a business idea bubbling for a while? You’re not alone. Turning the spark of a potential business idea into something real is a dream for many.
However, before you jump in and go for it, you have a lot to consider. Ask any fellow small business owner for tips, and they’ll tell you that growing a small…
Everyone can do a little bit to help the Earth.
Believe it or not, the way you bank can also make an impact.
Banks know that climate change and global warming are important to many banking customers and you can do your part to help the environment…
Not keeping track of your balance sheet is one of the quickest ways to doom your business. You need to know whether you can make debt payments, if you have too much inventory, and even how much your customers owe you.
The first step to reading a balance sheet is understanding the difference between assets and liabilities…
Sooner or later, most entrepreneurs have to face the reality that marketing is expensive. In the course of planning a new marketing campaign or trying to grow the business organically, you discover that to execute a strategy could cost thousands, or even tens of thousands of dollars, and to keep it going will cut into your bottom line…
It’s easy to get caught up in all the details involved in operating a small business, whether that means hiring someone to run your accounting department, planning for taxes coming due, or setting weekly sales targets. Sometimes it’s hard to have to sit back and ask yourself, “Why did I start the business in the first place?”
As a business owner, you’re tempted to say “yes” to every customer who wants to buy from you. Why would you turn down money? But the reality is that, for some companies, not all sales are good for your business.
Especially in the retail world, businesses have to make careful decisions about how much product they sell to customers. That’s because…
Today’s economy runs on credit. If you want to get a mortgage for a house or a student loan to pay for college-or if you just want to charge your lunch on a credit card-you’re going to need a lender to extend you a line of credit.
You’ll also need to be worthy of that line of credit. Your creditworthiness is defined by your three-digit credit score and is the key to your financial life…