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Study Shows Microloans Help Minority Business Owners Grow Their Business
Ever since the Great Recession began in 2007, more and more minority business owners are opting to start their own business. According to a recent study conducted by four college professors, “Business...
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5 fail-safe tips to improve your chances of getting a small business loan
If you’re a small business owner in need of a small business loan to grow your business, you may want to understand a few key things that will improve your chances of getting a small business loan....
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Why should small business owners care about sales tax?
As a small business owner, you have a big to do list. Pretty far down on that list (if it is even there) is making sure that you are meeting your sales and use tax obligations. The world of sales and...
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From Puppy Profits to Big Dog Earnings
How to Raise Your Profits Without Losing Clients From Puppy Profits to Big-Dog Earnings will show you how you can make MORE money with FEWER clients … and feel MORE rewarded as a business owner. Learn...
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How to raise prices without losing clients
I have a conversation like this almost every week: “I’m so tired. I don’t know how I can work any harder. I’ve been at this for 3 years and business is good; I have lots of new business. But I’m...
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Pricing Strategies: How to figure out how much to charge clients
It’s so hard to pick a number when we’re reworking our pricing strategies. We want to price our products or services at a number that seems attractive to our prospects. A number we know will give them...
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My business is growing, but my bank account is shrinking! Here’s 4 reasons why.
Growing a businesses means you’ll consume a lot of cash. No one told you that, did they? When your business grows from sales of $350,000 to $800,000, your income isn’t going to double. In fact, it may...
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5 things you are spending money on that are not (fully) tax deductible
My accountant says I made $300,000, but I don’t see it in my bank account. Where did it go? Every year at tax time, business owners call me up and complain that their tax return says they made more...
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How to read an income statement: What every business owner needs to know
One of the most basic of indicators of the health of any business is its financial statements. I’m not saying they are the be-all-end-all. There are lots of other indicators we should look at in...
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Reading a balance sheet: 3 things business owners need to look for
A business’ financial statements are the most basic indicator of your business’ health. But they can be confusing and complicated and, truthfully, not many business owners look at them (and when they...
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How to measure business performance — use numbers and not your gut!
Numbers give me a headache. I don’t want to stare at spreadsheets all day — I get a good enough “gut” feel just from running my business. Why should I care about the “numbers”? Most business owners...
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4 situations when small business owners MUST look at their numbers
“Numbers get confusing. I’m never quite sure what I should be looking at. But my gut has never failed me.” Most small business owners are most comfortable making decisions intuitively; when they look...
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