It doesn't do much good to be Chicken Little, constantly convinced that financial ruin is imminent. That said, the strongest businesses do prepare for the worst.
You've just scored your first big sale — hurray! But that new sale might be less lucrative than you expected, or even put you deeper in the hole. Learn why.
In the midst of the economic downturn earlier this year, I spoke with an operations manager who had received a mandate from his boss to trim payroll costs. He considered reducin
How do you deal with tax-deductible receipts that you collect on the fly? Are they stuffed into your wallet until it becomes so distended that you are forced to do something abo
Social media has become a viable means for marketing businesses and making connections with customers. But what if you don’t want to be plugged in all the time? What if you just
Even though few people use the phonebook to find local business these days, in an ironic twist, advertising in the phonebook has become more expensive. Small business can boost
A few weeks ago, after enduring a major rainstorm during a cycling training event, I accepted a ride back to my starting point at a local bicycle shop. The shuttle driver happen
Improving your business is critical to staying afloat and growing. Here are some resources out there that will sharpen your skills, improve your offerings and allow you to grow you
Let's be honest: running a small business is not an easy task. And even the most successful business owners have had their fair share of blunders. Here are some of the biggest mist
We have all heard that the business plan is the foundation for every business, and we may try to do one by going through the motions. But until we truly embrace the business pla
Employee incentive programs are popular, if only because they are prolific. Though conventional wisdom tells us otherwise, many will argue that these programs are not just ineffect
The big bucks are made not on one person’s efforts alone, but the efforts of many. Today we will look at the inherent characteristics of outsourcing.
Many people have great excuses for not starting a business: I need a great idea. I don't have a business plan. Learn the truth about these myths and why they shouldn't hold you ba
A well-run vendor-managed inventory (VMI) program could allow your business to speed up its cash flow by more closely matching your cash outlay for inventory with your cash infl
How do you collect on delinquent accounts without damaging the customer relationship? How do you manage the balance between keeping a steady stream of new clients coming through
When I was a practicing financial planner, I was shocked at the number of small business clients who did nothing but blink their eyes in response to my line of questions about t
As a business owner, you probably already own more insurance policies than you ever imagined you would: liability, contents, vehicles, and any number of policies are often stric
A Shareholder’s Agreement is designed to help you and your business navigate life’s tricky twists and turns. Here are 10 common clauses to look for in your Shareholder's Agreeme
He heard Donald Trump say, “You’re Hired!” in Season 4 of the reality TV Show, and now he’s written a no-nonsense book for the startup entrepreneur. Dr. Randal Pinkett shares highl
Awhile back we invited small business owners to share how a membership to Sam’s Club may help them save money in this tough economy. We received great feedback from many small bus
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