7 Ways to Control Your Costs

Cost control can be the hardest part of managing a business, especially when your costs are tied to employees. It is important to take a look at your costs every so often to ensure you are getting the best possible bang for your buck. We’ve compiled 7 suggestions to...

Marketing Tips that Won’t Break the Bank

Many start-ups have limited marketing budgets. But you can advertise inexpensively, if you apply some creativity. Start by determining you marketing goals – keeping them practical and realistic – then determine which low-cost marketing options will best help you...

Knowing If Your Business Is Ready to Sell or Transition

The key element in selling your business for maximum value is ensuring you own a business and not just a job. The biggest deal breaker when you want to sell your business is how involved/important the owner is to the successful operation and profitability of that...

Accounts Receivable

Accounts receivable may or may not be part of a sale, for reasons similar to cash, as discussed last week. Where it is left in, it is typically matched up with the payables (i.e., the buyer takes over the receivables, and pays the payables). Specific things to look...

Cash Flow is King!

Most business owners struggle with cash flow. This is especially true with new and with growing businesses. As long as you are growing, cash flow can be a challenge – if you double in sales, you could double in cash requirements. Last year’s profit probably...