Carrie GallagherAugust 8, 2015 Having enough working capital on your balance sheet can mean the difference between long-term business success and failure, making it important to measure your liquidity requirements regularly. Working capital, which is calculated by subtracting your current assets from your current liabilities, needs to counterbalance fluctuations in your operating expenses, sales, cost … Continue reading How to Measure Your Working Capital Requirements
Hal SheltonJuly 24, 2015 You’ve heard the saying: you need to spend money to make money for a reason. Especially when you’re first starting your business, you’ll have a lot of initial costs that require you to spend in advance of receiving payments. For example, you buy/lease a truck to deliver goods that will be … Continue reading How to Set Up and Maintain a Budget for Your Small Business
Rachel SilverJuly 22, 2015 There are words to get your email read and words that ensure your subject line gets read, but what are the things you need to say in order to increase the value of your business relationships? No matter how powerful and effective your product is, the way you frame your product … Continue reading 10 Words to Increase the Value of Your Business Relationships
Annetta PowellJuly 7, 2015 We all have our goals in life, and each day we try to accomplish something to get to the big picture. However, do you know that all the steps you go through to achieve your goals comes with a higher success rate with a personal development plan? Ever noticed the instructional … Continue reading How to Create A Personal Development Plan
John DoyleJune 29, 2015 “We waited three years … for THIS??” Just like HAL 9000 from Kubrick’s masterpiece 2001: A Space Odyssey, Kodak—the once undisputed leader in its field—is now singing “Daisy Bell” to an increasingly hostile audience. Case in point: When Kodak unveiled its first smartphone last January at CES 2015, analysts expected the … Continue reading Mission Critical: Is Your Mission Statement Hurting Your Organization?
Megan TotkaJune 29, 2015 The basis of any business is making money. No matter what secondary motivations a business owner may have, the first goal is always to bring in enough revenue to stay afloat and hopefully prosper. Earning money is not always linear, though. Sometimes the payoff for business actions comes much later and … Continue reading 4 Non-Measurable Actions Every Business Should Take
Kim OwensJune 28, 2015 As businesses continue to expand internationally through their multichannel efforts, many employees are finding themselves on-call outside of the typical 9 to 5. Plus, it’s vacation season and even the most hard working of employees and executives need to take some well deserved time off. This brings up a need for … Continue reading Go Ahead, Take That Vacation: The Trick to Taking Time Off While Managing a Business
Susan SolovicJune 20, 2015 When I first started my business, like many start-up operations, I decided to work from home. I equipped an empty bedroom with a card table for a desk, cardboard boxes for filing cabinets and my dogs served as my office assistants. Voila! I was ready to roll, and it was great. … Continue reading Doing Business In Bunny Slippers Around The Globe
Kathy Richardson-MauroJune 7, 2015 Bob owned and operated a profitable printing business for over 30 years. His son Jason was active in the business as the VP of sales and Bob had been grooming him to take over the company since he came on board about 3 years ago. Unfortunately Bob never really spoke to … Continue reading Business Transition Lessons Learned: Making Sure Your Successor Wants to Take Over the Business
Troy HollenbeckMay 10, 2015 If you are seeking to open a new business – either online or in the real world – and you don’t have the capital, you will need to seek help from a private lender, bank or angel investors. And the first thing they are going to want to see before they invest … Continue reading Why You Need a Winning Business Plan
