A QUICK LOOK AT GETTING A SMALL BUSINESS LOAN
IS OWNING A SMALL BUSINESS RIGHT FOR YOU?
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Make Up Do's and Dont's for Black Women
Low Cost Ways to Advertise Your Small Business
Creating a Smart Plan to Secure the Future of Your Business!
Get the Sale by Creating a Great First Impression
Top 5 Smart Money Management Tips for Sales Professionals
aximizing Your Marketing Impact for Growth
Simplifying Your Operations for Success With a POS System
Conquer Procrastination and Unlock Your Potential
The Importance of Building Healthy Relationships
Why Your Companies Image is More Crucial Than Ever Beore
How to Create a Cohesive Business Brand
5 WAYS TO JUMP START YOUR BUSINESS SALES
Legal challenges are an inevitable part of running a business. For black business owners, these challenges can be particularly daunting, given the systemic inequities and additional hurdles they often face.
TIPS TO PREVENT LEGAL ISSUES FROM DERAILING YOUR SMALL BUSINESS
Email marketing remains one of the most effective tools for engaging customers, driving sales, and building lasting relationships. For black business owners, mastering email marketing can provide a significant edge in a competitive marketplace.
LET EMAIL MARKETING HELP DRIVE NEW BUSINESS RIGHT TO YOUR DOOR
THE IMPORTANCE OF BUILDING AND MAINTAINING GOOD CREDIT
SMART MONEY ATTITUDES FOR SMALL BUSINESS OWNERS
UNLEASH THE POTENTIAL OF YOUR BUSINESS CARD
SMALL BUSINESS MISTAKES YOU HAVE TO AVOID
There is one clear challenge that almost every entrepreneur faces at some point in their journey, and that is the fight for money.
Not only do you need money to start your business you also need it to keep your business operating.
Since money or a lack thereof is at the heart of just about every business problem or decision that business owners make, it is safe to conclude that the ability to acquire and effectively manage money can separate successful small business owners from the rest.
Those entrepreneurs who are unashamedly hardcore about earning and protecting their businesses money are the ones who are going to stay in business.
If you desire to be one of those entrepreneurs here are few smart money attitudes that you should adopt.
Not only do you need money to start your business you also need it to keep your business operating.
Since money or a lack thereof is at the heart of just about every business problem or decision that business owners make, it is safe to conclude that the ability to acquire and effectively manage money can separate successful small business owners from the rest.
Those entrepreneurs who are unashamedly hardcore about earning and protecting their businesses money are the ones who are going to stay in business.
If you desire to be one of those entrepreneurs here are few smart money attitudes that you should adopt.
Have Enough To Open And Operate
One key mistake that many small business owners make is that they don’t think past opening day. You need to make sure that you have enough cash to fund opening your business and enough cash to make sure that you can keep your business operating until it can become self sustaining.
Operate On A Budget
Having a surplus of cash on hand is unfortunately a luxury that many entrepreneurs just don’t have, so that means that you need to scrutinize every penny that leaves your business. Creating a clear budget can help you stay on top of where your dollars are going.
One key mistake that many small business owners make is that they don’t think past opening day. You need to make sure that you have enough cash to fund opening your business and enough cash to make sure that you can keep your business operating until it can become self sustaining.
Operate On A Budget
Having a surplus of cash on hand is unfortunately a luxury that many entrepreneurs just don’t have, so that means that you need to scrutinize every penny that leaves your business. Creating a clear budget can help you stay on top of where your dollars are going.
PUBLISHED: MAY 16, 2016
Shop Around
Don’t waste money by just purchasing the first thing you see. When making purchases it is important for you to shop around for the best deal? The best deal might not necessarily be the best price; it can also include the best service after the sale, the best quality in your price range, free deliver and set up, warranties, etc.
Make The Sale
Let’s face it you are in business to make money, so you need to make sure that all of your business efforts are focused on one thing and that is making the sale. You need to start making money as soon as possible, so don’t waste time – get that first person in the door and get them to spend money.
Protect Your Business
You should protect you, your business, and your employees by purchasing all necessary insurances including but not limited to liability and property insurance.
Avoid Unecessary Fees
Many business owners give away money on a daily basis by paying unnecessary fees. These fees can include things like late fees, ATM fees, banking fees, shipping fees, etc. By alerting yourself to these potential fees and planning accordingly you can avoid most of them and keep more of your money in your pocket.
Don’t waste money by just purchasing the first thing you see. When making purchases it is important for you to shop around for the best deal? The best deal might not necessarily be the best price; it can also include the best service after the sale, the best quality in your price range, free deliver and set up, warranties, etc.
Make The Sale
Let’s face it you are in business to make money, so you need to make sure that all of your business efforts are focused on one thing and that is making the sale. You need to start making money as soon as possible, so don’t waste time – get that first person in the door and get them to spend money.
Protect Your Business
You should protect you, your business, and your employees by purchasing all necessary insurances including but not limited to liability and property insurance.
Avoid Unecessary Fees
Many business owners give away money on a daily basis by paying unnecessary fees. These fees can include things like late fees, ATM fees, banking fees, shipping fees, etc. By alerting yourself to these potential fees and planning accordingly you can avoid most of them and keep more of your money in your pocket.
The ability to acquire and effectively manage money can separate successful small business owners from the rest.
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