Crowdfunding is a way of raising funds from several people. It is a popular way of small business financing. While crowdfunding is suitable for many businesses, we will take a look at whether it is right on crowdfunding for startups and small businesses. Reading this will give few crowdfunding business ideas for entrepreneurs. Crowdfunding is suitable for your small business … Continue reading
Posts Tagged: Financial
Improve Your Small Business Credit Score
Small business owners are hard pressed for time and funds. Hence, they tend to neglect their business credit score. Most of the small or medium-sized enterprises are busy formulating creative and innovative marketing ideas. They’re working on customer relationship strategies to take their business to the next level and can’t find the time to repair or increase credit score. Many … Continue reading
The key to budgeting for small businesses
Estimating and matching expenses to revenue is critical as it assists small business owners to determine whether they have adequate money to fund operations, expand the business and produce income for themselves. With a business already operating, you can assume future revenue depending on recent trends in the business. If the business just commenced, assumptions can be based depending on … Continue reading
How small businesses can cut cost
Small businesses are usually hard pressed for money. Cash is required not only to meet the daily expenses, but also to ride out tough economic times and compete with larger players. Money saved is money earned. We will look at some small businesses cost cutting strategies with which they can save money. Maintain an expenses journal – Don’t try to … Continue reading
Don’t Get Sucked into a Cash Flow Slump
In the modern-day volatile business environment, businesses irrespective of their scale of operations are perpetually prone to facing a cash slump. A cash slump occurs when cash inflows are insufficient to meet cash outflows. If managed ineffectively, a cash slump can affect the long-term profitability targets of the firm. Thus, it becomes important for managers to not panic and take … Continue reading
6 Money Saving Tips for Small Businesses
Every business, large or small, is established with the motive of profit-making. Successful businessmen have their own signature style of managing their business. Service or manufacturing, there is always scope for improvisation in order to increase the efficiency of the resources that would enhance a business’s bottom line. However, charging a higher price for a product or service to your … Continue reading
Tips to Fight off Credit Card Fraud
There have been several instances of credit card fraud taking place. It’s important that you put in place measures to prevent this menace. We look at ways to minimize or prevent credit card fraud. It has been estimated by the Federal Trade Commission that close to 9 million Americans suffer identity theft annually. The identify theft occurs when your personal … Continue reading
How to Relieve Yourself of All Stress
Running a small business is no easy task. You need to find clients for work. There is pressure from the clients to meet deadlines. Even if you complete the client’s work, you may have to run around to collect your dues. Employees may leave in the middle of a project. In short, there are many things which cause stress on … Continue reading
