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When to Consider Factoring Your Accounts Receivable
Your billable hours look great. The problem is, your clients are taking their time in paying your invoices. Meanwhile, your business is suffering from a lack of operating funds. Sound familiar? If so,...
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5 Strategies for Speeding Up Customer Payments
Have you been waiting on many of your clients’ checks for months after their due dates? If so, you’re not alone: 26 percent of the 1,000 entrepreneurs who responded to the November 2011 Intuit Small...
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4 Money Trends to Watch — and 2 You Can Ignore
Your business can’t do much without money, but your financial health hinges upon far more than just making the cash register ring. Given the abundance of advice, stats, and other data available, how do...
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8 End-of-Summer Contests for Small Businesses
Contests and competitions offer an excellent way for your business to get publicity, build brand awareness, and interact with other small-business leaders. Even if you don’t win a prize (such as...
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Grants and Loans: 5 Financial Resources for Small Businesses
The nation’s economic woes have made it tougher for small businesses to get loans and grants. The SBA’s (PDF) loan volume is edging up for fiscal 2013 over 2012, but it’s still down from 2011′s...
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How to Impress a Venture Capitalist
Venture capital funding declined from $29.4 billion in 2011 to $26.5 billion last year, according to the National Venture Capital Association. However, that’s still a big pot of gold for fortunate...
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How You Manage Money Should Change When You Start a Business
In some ways, managing your business’s money is similar to managing your personal finances: You should practice disciplined spending, pay your bills on time, and regularly balance your books. In other...
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New Way to Do Accounting — Is It Right for Your Small Business?
A comprehensive new approach to accounting has been created by the American Institute of Certified Public Accountants. It is intended to help small-business owners produce financial statements that are...
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In the Trenches: Should We Have a Tipping Policy?
I can count on one hand the number of times a client has wanted to tip one of our concierges, yet it’s happened twice in the past week. We don’t have a formal tipping policy, and I’m wondering if I...
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In the Trenches: The Money vs. Time Tug-of-War
Last week’s post about team vs. individual customer service received some insightful comments from readers. Thank you! In particular, two people suggested that we resolve our problem by using a help...
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