4 Tips for Getting a Business Loan

How to get a business loan

Business loans are among the most common ways small companies opt to finance their operations. But actually getting a loan can sometimes be tricky – you generally can’t just waltz into a bank and expect to walk out with hundreds of thousands of dollars for you company. There are rules to be followed, and you […]

How Much Should I Spend on Marketing?

How Much Should I Spend on Marketing

How much should you spend on marketing as a new business? This is a question I’m asked on a regular basis, and like so many other questions, the answer is: It depends. As with a lot of the topics I discuss on my site, there is a lot more to this question beyond just a […]

Pinching Pennies: How to Lower Your Business Costs

Pinching Pennies: How to Lower Your Business Costs

Over the past couple of weeks, I’ve talked about the importance of saving money as part of a smart financial strategy for your business. In addition to opening a savings account and setting aside money for emergencies, you can also pinch pennies when it comes to everyday business costs. Now, I’m not talking about being […]

Easy Ways to Start Your Small Business Savings

How to Start Your Small Business Savings

Last week, I discussed how important it was to prioritize savings as a small business. Trust me…you don’t want to find yourself in a situation where you are short on cash if you can avoid it, and having a savings account will go a long way towards helping you out if emergencies happen. But telling […]

Savings…Not Just For Personal Finance

Small Business Savings

A lot of questions have come up recently regarding whether or not it’s important for small businesses to have a savings account. The short answer: Yes, having a savings account for your business is important. It seems like a no-brainer, but for some reason, business owners think that having a personal savings account is enough. […]

The Tale of the Runaway Payables

The Tale of the Runaway Payables

Sharon, a small business owner, loves her company. She’s been in business for a few years, but hit a rough patch recently where her incoming business slowed down, leaving her with decreased cash flow. Bills started to pile up, and when she couldn’t pay her vendors on time, things started to get bad. Sharon avoided […]

Make Professional Development Work for You in 3 Easy Steps

Make Professional Development Work for You

Now that you’re a small business owner, you have a ton of responsibilities. You’re running a business, and are responsible for everything that goes along with it: bills, taxes, clients, and employees, just to name a few. Anyone who has started a company feels your pain, but there is one thing that can sometimes get […]

What is the Right Margin for My Business?

What is the Right Margin for My Business

A couple of weeks ago I attended a masterclass webinar hosted by the Female Entrepreneur Association. It was absolutely phenomenal, and I had such a great time! But, for the very first time, I was stumped by a question: “What should my margin be?” Now, anyone who spends time around me knows I love to […]

The Art of Pricing: Raising Your Prices

Now that you’ve developed your pricing plan and figured out your pricing model, it’s time to discuss the inevitable task of raising your prices. Raising prices is a fact of life, and you will need to constantly monitor your price and costs so that you’re both competitive in your market and earn the kind of […]

Don’t file your budget – USE IT!

Too often, we prepare a budget because we were told to, but we file it and never look at it again. Here are a few ways you can put your budget to work. Track Your Progress Compare your budget to the actual figures every month. Most accounting software programs have an easy-to-read statement that will […]