You Are Browsing ‘Finance’ Category

A consistent and stable cash flow is always important for any successful business. So if you’re wondering about how to more effectively manage your business’ finances, here are the 7 best tips to improve your small business cash flow. Always Know What Your Loan Options Are Almost all businesses will need loans sooner or later. So try to consult a lender network as soon as you can to see what sort of small business loans you have access to. Even a relatively modest loan can help you cover certain holes in your budget that will,...

Efficient negotiation skills are important in all fields and industries. You need to find a proper way to get what you want. Practice makes perfect, so you’d better keep that in mind every time you have to close a deal. Setting up successful negotiation is that simple, as business people must be fully prepared for what’s about to happen. Things can go south at any time, and that’s why you need to watch out. The following tips will greatly help you improve your behavior as a negotiator, so you might want to check them out. Your best...

Business people are constantly struggling to identify and learn the best negotiation tips, mainly when it comes to those who run small businesses, since they’re probably the most prudent negotiators. They’re aware that their negotiation skills will lead the business either to success or failure. If you happen to be in this situation, note that you have to make the most of what you have to close a great deal. Negotiators are used to making use of their humor when they’re involved in a negotiation, and that might be a good thing....

The debt has been erased, the phone calls have stopped, and you have resolved to keep your future debts under control. Whether the problem originated from a divorce, overwhelming medical bills, or the habit of living off your credit cards due to an unforeseen unemployment, bankruptcy can be the solution that helps put you back on level ground. Things should be looking up for you, yet you still have that stigma to your credit score.How can you move beyond that creditor’s red flag to rebuild your financial security? These few tips for...

The job of the corporate finance professional is much more than just keeping books and preparing taxes. Today’s Chief Financial Officer is a board-level decision maker who helps captains of industry manage financial risks and plan strategically for the future. Since the passage into law of the Sarbanes–Oxley Act of 2002, the penalties for non-compliance with the latest financial reporting regulations have become severe. For public corporations and all small businesses with aspirations for growth the stakes have never been higher...

Making your business (or organization) environment friendly has become the fashionable thing to do, quite rightly, since the benefits are obvious. Yet conserving the environment can as well save your money. We look at ways to save Mother Nature and your funds. Reduce paper waste If you are yet to adopt the concept of paper-less office, then it is high time you review your stand. Instead of printing your emails, adopt the habit of reading them on-screen. Yet another way to reduce paper waste is by limiting the use of fax-modem and fax...

There are a multitude of reasons that owners decide to sell their business. However, it’s not a simple process like buying or selling goods, and taking complexities in the law into account is key. Regardless of the reason, if you are thinking about selling your business, you should consult an experienced corporate attorney to help you prepare and maximize the valuation of your business. While each business and transaction is different, what follows is a brief synopsis of steps you should consider taking leading up to a sale. Prepare...

If you still have standalone terminals at the checkouts at your business, it’s time to integrate your credit card terminal with your POS system. Credit card terminal integration has several benefits. It saves time, since processing a credit card payment on a separate terminal takes almost as many keystrokes as tendering payment in the POS system. Double entry of this sort also increases the chance of errors. Reconciling daily credit card batches to match transactions captured by the terminal with the credit card tenders recorded in...

Starting a company is exciting, and it’s easy to get caught up in the fast-paced flurry of activity and creativity that propels a start-up from an big idea to existence. However, while the excitement is a fun part of the process, it’s important not to let it overshadow the legal steps that you should be focusing on in order to ensure long term financial success. A start-up takes time and energy, and losing out on financial success or credit for your work because it wasn’t sufficiently protected under intellectual property law can...

There is no doubt that women are equally as smart and qualified for their professional lives as men, if not even more so, but this fact is not fairly reflected in the salaries that are earned, especially for those women who are going into their first job straight after college. Here is a little look at some of the ways women can go about righting this wrong. Negotiating a salary for the first time can be a daunting task for anybody but the large disparity in starting salaries between men and women suggests that women have the most difficulties...