Your business budgeting is often the difference between getting what you want and failing. Budgeting is an essential life skill. Failing to manage your money well could lead to unnecessary stress and anxiety. In business, budgeting is just as important – perhaps even more so. With the stakes being much higher, the consequences of poor […] Read more “Top 5 Mistakes in Business Budgeting”
Category: Strategic Planning
Critical metrics will tell the story of the health of your business. But these metrics are not often the first priority for businesses. Entrepreneurs are known for their vision. They’re the idea people. The big picture thinkers. Some are also gifted with business acumen and have the strategies for promoting their business and bringing in […] Read more “5 Critical Metrics to Determine Financial Health”
During times of uncertainty, the worst thing a business can do is sit back and wait. Learn how to stay proactive and make financial decisions even while facing an unknown future. Read more “How to Plan During Times of Uncertainty”
Did you know that there are more than 30 million businesses in the US alone and just 50% of them survive for more than 5 years? Apart from management or administrative problems, most small businesses fail simply because the owners are unable to calculate their annual budget properly. The yearly budget is more important than you might […] Read more “How to Set up a Monthly and Annual Budget for Any Small Business”
When you’re a business founder, you have to learn the ropes quickly. You have to stay agile with your money and make use of every dollar, especially when Tax Day rolls around. What if we said you could get a tax benefit on your stock options? You can through an 83b election. Here’s what it […] Read more “83b Election – How it Works and How to Get Started”
For years, many companies offered stock options to high-ranking executives and a few select employees as a reward for their contributions to the company. Since the 1980s, the number of companies offering employee stock options has increased 9-fold. And it’s not just top staff members who are receiving the benefits. More and more, companies are recognizing […] Read more “How Employee Stock Options Can Help You Recruit More Committed Employees”
You’ve got a great business idea. You’ve done your research and confirmed it a viability opportunity. You’re ready to launch… …but your finances say, “NO GO”. You don’t often hear about ways to manage a new business when you’ve got credit card debt. A lot of advice assumes you’re free to take on a loan. So, […] Read more “The Best Ways to Manage a New Business If You Have Credit Card Debt”
As a startup business owner, you know that entrepreneurship is an uphill battle. You have to make the most of limited resources to build your company from the ground up. You have to be agile in every area and incredibly smart about how you use your resources–especially your money. A simple financial dashboard is about […] Read more “The Importance of a Simple Financial Dashboard for a Start-up Company”
Business owners seeking financing have options from conventional loans to using credit cards. Each option carries pros and cons, making one wonder which is best for their operations. Have you considered a Small Business Administration loan? An SBA loan offers a great option due to its flexible terms and low-interest rates. Interested? Keep reading, this […] Read more “Guide to SBA Loans: How they Work and How to Get Them”
When it comes to what your customers or clients say about your business, talk is anything but cheap. In fact, the opinions they express to friends, colleagues, and the thousands of people who read their online reviews can tell you more about your company’s present performance and outlook for the future than almost any other […] Read more “Feedback to the Future: Why You Need to Know Your Net Promoter Score”
Imagine receiving a gift that could change your life; one that could make you see things differently, improve your performance, and provide you with lucrative opportunities for the future. Now imagine never opening that gift, instead letting it sit there gathering dust. That gift is your company’s data, and if you don’t spend the time […] Read more “Data Analytics and Business Intelligence: New Solutions Can Help You Harness the Power of Your Company’s Data”
Venture Debt Pros & Cons to Help Weigh Your Funding Options If you’re an entrepreneur, you know about venture capital and how it can play a vital role in funding your early-stage company if it has the requisite maturity. Fewer folks are familiar with the concept of “venture debt.” While it may not be as […] Read more “3 Reasons You Should Consider Venture Debt for Your Start-Up’s Funding Needs”