Posted November 11, 2009 - 09:18 by Linsey Knerl
With more cards available to small business owners than ever, it can be difficult to choose the rewards system that will be most beneficial to your business. Will you go with cash? Credit on your account? Airline miles? Gifts? Picking just one way to go isn’t always easy (or possible). Luckily, there are practices you can follow to be sure you are getting the most from your rewards card.
Posted November 11, 2009 - 09:14 by Julie Rains
Monitoring cash balances is essential and withholding payments until the last possible moment may be necessary, but be careful: being slow to pay in order to manage cash reserves may alienate you from vendors that provide mission-critical products, raw materials, or essential services.
Posted October 12, 2009 - 08:41 by Nora Dunn
How do you save for retirement when you have a variable income? One month, your income may not be enough to float your business expenses, much less the mortgage and personal living expenses. Other months, you might make enough to cover off six months of expenses. So not only is basic budgeting a different story when you have a variable income, but so is saving for retirement.
Posted October 7, 2009 - 18:43 by Linsey Knerl
Former swimwear model Stefanie Michaels, known to her fans as “Adventure Girl”, is the ultimate travel expert. Millions of fans visit AdventureGirl.com to follow Stefanie as she participated in the Iditarod and took flight in a Zero-G plane ride with Buzz Aldrin. We interviewed Stefanie to get her insights on small business travel, staying connected, and American Express.
Posted October 7, 2009 - 18:41 by Nora Dunn
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 plan as our roadmap to entrepreneurial success, we may flounder in a sea of incompetence. Having this roadmap keeps your goals aligned with your progress.
Posted September 17, 2009 - 18:38 by Nora Dunn
As a business owner—the king (or queen) of your castle, the master of your domain, and the ruler of all things to do with your company—you have it all. You also do it all, and sometimes you also try to be "it all" to everybody too. But 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.
Posted September 2, 2009 - 18:34 by Julie Rains
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 inflows from sales and other income-generating activities.
Posted August 19, 2009 - 18:32 by Greg Go
Working with a remote employee is a unique situation and requires special handling. Here are 9 tips for working with your virtual assistant.
Posted August 1, 2009 - 18:27 by Nora Dunn
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 their business succession plan. These are people who poured years of blood, sweat, and tears into their businesses, making it a corner piece in their lives. With so much invested, they had little to no thought towards how the business would evolve with them. Here are some points for consideration in developing your own business succession plan.
Posted August 1, 2009 - 18:18 by Julie Rains
Offering discounts for cash, upfront and early payment can be an integral part of a comprehensive business management strategy, not just the domain of the accounts receivable department. To find creative ways of getting paid earlier than the standard net 30, I spoke with two business owners who are taking proactive stances to cash-flow management.
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