Came across an article by Scott Shane this morning on Small Business Trends that cites a survey conducted by Discover Small Business Services which concluded that temporary cash flow is still declining for small businesses. But I wonder, is this fact or just a perception? Scott writes: “…The figure plots the percentage of respondents to… Continue reading Is Cash Flow Tighter Now For Small Businesses?
Category: Business Finances
Time To Get Real About Finances
As the corporate tax deadline nears, hopefully your books are closed for 2009, and you can start to look at some of the data your bookkeeping efforts have yielded. If that’s the position your business is in, congratulations. If not please read on, you’ve got some work to do… Managing your business finances If you’re… Continue reading Time To Get Real About Finances
Small Business Lending Crunch | Credit At Any Cost?
There’s been a lot of talk about how hard it is for small businesses to get credit these days, and for sure there has been a decrease in the amount and size of loans that are available, driving some companies to borrow money at loan shark rates. A recent article in the NY Times entitled… Continue reading Small Business Lending Crunch | Credit At Any Cost?
Steps In Accounts Receivable Collections
Making decisions on who to extend credit to, and collecting accounts receivables has always been a difficult part of running a small business, as the wrong decision or procedure for handling collections can have disasterous consequences. According to some pretty scary collection industry figures, less than 15% of past due items put in for collection… Continue reading Steps In Accounts Receivable Collections
Small Business Funding | Are there really new rules?
How to get a small business loan is a question that millions of business owners and would be business owners grapple with everyday. It’s no secret that many small businesses are underfunded. Many small companies start by utilizing bootstrapping techniques instead of owner capital, and when the money starts to flow in, either out of need or greed, most… Continue reading Small Business Funding | Are there really new rules?
Lawyer Practice Management | Dealing with finances
Al & Jeremy are partners in a small firm in midtown Manhattan. Both partners spend the majority of their time answering phones, running to court hearings and seeing clients; and were chronically behind in bookkeeping, casework and administrative tasks when they called me regarding my lawyer practice management services last summer. They had been meaning to start entering their finances into a… Continue reading Lawyer Practice Management | Dealing with finances
7 Reasons To Invest In Business Coaching During A Recession
Recent economic events have caused many business owners and professional to pull back and cut down on everything; thinking that spending money on anything is dangerous right now. Unfortunately, this line of thinking is counterproductive, since being proactive is one of the best possible strategies to take when the economy is down. A business coach can help… Continue reading 7 Reasons To Invest In Business Coaching During A Recession
The importance of good bookkeeping practices
Jennifer is a dentist in private practice. She was anxious to look at improving profitability, and personal income; and was a bit stressed over some business expenses she had to make in the upcoming months. She had scheduled a meeting with a financial planner, and he had asked her to bring along some information that she… Continue reading The importance of good bookkeeping practices
Worried About The Economy? Take Action On Your Business Now!
The stock market is falling, credit is tight, and the predictions for the months ahead get scarier by the minute. It’s enough to make anyone second guess what they’re doing. But don’t let economic doom and gloom hold you back. There’s never been a better take to take action on your business. When times are… Continue reading Worried About The Economy? Take Action On Your Business Now!
The importance of tracking business profitability
Hank ran a garment manufacturing company and operated on a tight profit margin. The seasonal ebbs and flows were a drain on his cash flow, but he was often so caught up in the everday stuff, that he rarely sat down and analyzed whether he was operating at a profit or not; until there was… Continue reading The importance of tracking business profitability