Tag: <span>#money</span>

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How to Scale Your Business without Breaking the Bank
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How to Scale Your Business without Breaking the Bank

If you want your business to grow, at some point you’ll have to think about scaling it. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably. Growth refers to adding resources and increasing your revenue in a linear fashion. You double your number of offices to double your number...

How Much Cash Does My Business Need?
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How Much Cash Does My Business Need?

Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much cash...

5 Ways to Recover Faster After a Financial Setback
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5 Ways to Recover Faster After a Financial Setback

You started your business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances are negatively affected and it’s up to you to lead...

6 Money Management tips for First-time Entrepreneurs
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6 Money Management tips for First-time Entrepreneurs

Financial management is a vital part of running a successful business, but often entrepreneurs start their business with little understanding of how to make solid financial decisions. Managing your finances is about more than bookkeeping and paying taxes—although those are also important to a sustainable business. It’s about managing cash flow, preparing for income fluctuations,...

If my business is making a profit, where is the cash?
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If my business is making a profit, where is the cash?

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure.  Here are three reasons...

Smart money tips for business owners
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Smart money tips for business owners

Small business owners know how important it is to save money.  It’s evitable that you’ll need to tap into your savings for an unexpected expense, emergency and it certainly comes in handy during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today....