You own a small business. Are you in it for the money? If you answered “yes” to that question, it may be time to do some soul searching. A recent study from Manta, an online small business community, and computer maker Dell found that money is not the driving force behind most small business success. […]
I know a couple who owned and operated a small motel in a rural corner of Northern California. There weren’t many lodging options in the area, but their facility was small and it didn’t create a very good cash flow. Every so often they would try to find ways to increase revenue. The husband would […]
You’re a small business owner, not a collection agency. You’re probably not all that good at or fond of dunning customers who don’t pay their bills on time. Unfortunately it’s a real problem and that reality should motivate you to become an expert in keeping your cash flowing in a timely manner. First, you need […]
Bartering is as old as commerce itself and today a variety of developments have brought renewed interest to this traditional practice. Challenging economic conditions combined with the ease of Internet-based exchanges have made bartering an attractive way of acquiring products and services, especially for newer small businesses. In its most simple form, a new health […]
A few weeks ago, I received an email from a frantic new business owner. One of his clients – a very large company — had an outstanding invoice that was 90 days past due. Concerned and cash-strapped, he wanted to know what he should do. “Calm down,” was the first advice I gave him. During […]