Cash Flow might be the most important factor to business success. Running a business without cash can be a lot like trying to drive a car with a flat tire. If your cash is low, your business will grind to a halt. It is important to keep an eye on your cash flow in order…
Franchising is a great way to start your own business quickly. It allows you to buy into an existing business model, marketing and ongoing support. There are a lot of reasons to choose this route to owning your own business. But once you get started you want to make sure you do things the right…
As a small business owner, you need to have a good understanding of the various areas that a business needs in order to grow and achieve success. The key areas to focus on are accounting, finance and the management of these areas under one single umbrella. However, there is a lot of confusion and misunderstanding…
When a company transfers jobs that were previously done in-house to another company, it is using the outsourcing strategy. It is typical for a business owner’s day to swing in multiple directions. There just isn’t enough time in the day to do everything involved in running a business, from managing personnel to paying bills, to…
Facing a large amount of credit card debt is not a pleasant feeling. Even if you are no longer using the credit cards for consumption, you still feel like your life will never be the same. If you are struggling with your credit card debt, you may consider enrolling into a debt management program. However,…
Collection agencies are a fact of life. Any business that deals in credit has to file small claims and use other collection agencies to get their money back. A collection agency can be a great way to get a business or a person to pay you back. But you need to know when to hire…
Running a successful business is a huge accomplishment. However, the business itself needs a lot of care and attention to keep it moving in the right direction. One of the biggest mistakes that entrepreneurs make is to ignore the warning signs. It might seem scary to think that your business is on the path to…
It is important to understand the various property tax deductions and credits you can take advantage of. While the IRS says you are not allowed to deduct any property tax that you pay from your taxes (either from state and local taxes), you may be able to qualify for other tax deductions and credits for…
New Year’s is a time for celebration. For many, it’s also a time to reflect on the past year and look towards the next year. It is a time to make resolutions to make next year better than the last. But what about your financial situation? Setting financial resolutions might not be as exciting as…
Tax season is a time of year that can be stressful for many people. It can be a difficult time, and even trigger personal health issues. In fact, a recent survey found that 1 in 6 people have missed work due to personal health issues caused by tax season. With the tax deadline coming up,…
