Posts Tagged ‘cash flow’
by Barbara Weltman on September 1st, 2009
Give your company a financial health examination to determine if you’re in good health or in danger of becoming ill during these tough times. Dr. Jeff Cornwall, who heads up the entrepreneurship program at Belmont University in Nashville, TN (and who’s been a guest on Build Your Business Radio) suggests that you examine certain key indicators and, if you’re not in good shape, work now to cure your problems. I interviewed Dr. Cornwall to find some critical areas to explore; here are his suggestions.
Cash flow
The adage, cash is king, can’t be repeated too often. Even if your sales... Read more »
by Rebecca Button on May 27th, 2008
Bartering is a tried and true (and ancient) business practice. It is still commonly used in many countries in every day business interactions. For whatever reason, it is not as common in the U.S. but this doesn’t mean it should be forgotten altogether!
If your small business is still afloat but you find yourself short on cash, give bartering and honest look. There are many barter exchanges which you can join and here’s how it works:
Step 1: Research the barter exchanges. Like I said there are a lot out there so do some research and pick the one you... Read more »
by Danny Brown on March 6th, 2008
Running a business is difficult. From looking after staffing to ensuring sales and profit targets are met, not to mention dealing with suppliers and local state laws, it can often seem like a thankless task. Even worse is when no matter how good a product you have, it’s just not selling, and you find your business starting to sink into financial trouble. If this is the case, you might want to consider a debt consolidation loan.
What is a Debt Consolidation Loan?
Just as the name suggests, a debt consolidation loan allows you to consolidate all your loans into one... Read more »
by Danny Brown on January 21st, 2008
If your business runs into a cash flow problem at some stage (and many do, so you’re not alone), then you may wish to take advantage of a business-to-business cash advance, or B2B advance as it’s also known. The good news with a B2B advance as opposed to a more traditional loan is that you don’t pay the high interest rates, and it can be used for pretty much anything to do with your business.
For example, you may need to acquire extra funds for a business trip to meet an important new client, or pay for accommodation in a... Read more »
by Danny Brown on December 13th, 2007
With a lack of funds being one of the major reasons for any business failing, small or otherwise, finding any extra ways of adding to your capital are well worth considering. This doesn’t always have to be a loan, either, although a small business loan can offer some excellent rates.
From inviting your family to invest to online resources, you’ll find that there is quite a bit of choice when it comes to finding extra cash for your business.
Contests for Businesses
Although it might sound an alien concept, entering your business into a contest can offer a very effective... Read more »
by Steve Strauss on December 12th, 2007
Q: I want to make some changes next year, but especially I want to increase my cash flow. How can I do that?
Jerry
A: While it is no surprise that cash flow is a huge issue for almost any business that fails, and that businesses that do well are usually awash in ready cash, it is surprising to me just how few small businesses make ready and steady cash flow a priority.
The fact is, cash flow is the oxygen of your business. It allows you to breath, and the lack of it strangles your business. Cash flow allows... Read more »
by Danny Brown on November 20th, 2007
No matter how big or small your business, making sure you continue to have a business to run in the first place is one of the biggest tasks you’ll need to manage. Key to this success will be your ability to control your cash flow. From forecasting what your cash flow needs are going to be, to maintaining a regular stream of cash when you’re up and running, it’s arguably the area that will make or break your business.
What is Cash Flow?
Simply put, a cash flow ensures that you have money both coming into your business, and going... Read more »
by Carrie Hinkel on November 19th, 2007
f you own a small business, you know that all those expenses can slowly creep up on you – until suddenly you feel in over your head. Don’t worry, you’re not alone – plenty of business owners have been in the same situation and have stayed afloat by cutting some of their expenses.
For a small business, there probably isn’t going to be a single big expense that will miraculously result in a windfall of cash. Rather, it’s all those small expenses that add up each month. Every business is different, with various expenses that should be looked at carefully... Read more »