1. Depending on the type of business, you may be able to spread out annual client service more evenly over a 12 month period to provide a more even income flow. Or for example, schedule more clients/customers for their annual
If possible, align payroll with business income. For example, if your business typically receives income bi-weekly, change staff payroll to also be bi-weekly. Not only will the alignment help with cash flow, but fewer payroll checks each month can
The most important thing is to really evaluate how money is being sent and how the business is being run. When times are tough you need to be sure you are not cutting the wrong things. Look at how you
I used to feel that every client deserves the same level of service regardless of the amount of income they provide to my business. That is, until there weren’t enough hours in the day to do that. To provide the
The answer to this question can depend on the type of business you have. For example for a service business, consider the following.
Keeping Costs In Line With Profitability.
I used to feel that every client deserves the same level
The number one mistake small businesses make when it comes to finances and money is not doing the research before they open the business to assure the budget is correct and properly funded.
Many people go into business because of
1. After researching credit card options, I put all of the business expenses I could on a credit card that provided two advantages. A) points for each dollar charged that could be used for a variety of other purchases. I
1. Have a written business plan. A good business plan includes the following:
Cover Page
Outline your contact information so potential investors can easily reach you.
Executive Summary
Your Executive Summary is critical. Describe what your business does and what