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Entrepreneur Tips

Business Line of Credit: What Entrepreneurs Need to Know

As a result of seasonal fluctuations or gaps between payables and receivables, you could find yourself in need of capital to manage these fluctuations. Start-ups frequently face the dilemma of how to keep the doors open during the time between cash layout and cash collection.

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Business Structures Defined: Which Is Best for Your Business?

Opening a new business comes with decisions about aspects of business including funding, finances, marketing, business name and logo. One of the most important decisions is the type of legal structure for your company. Legal structure impacts the paperwork tracked and filed, taxes, personal financial liability and ability to fund your venture now and in the future.

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Entrepreneurs: Do you need a business plan?

Penning your business plan forces you to think in creative ways about your business and perhaps even come up with ideas you hadn’t considered before. With a business plan, you will be setting goals and implementing metrics to measure and guide the outcome.

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Does your business under promise and over deliver?

When your clients come to you, chances are they have an idea of what they’ll be getting. They walk into a clothing store – it’s clothing; you’re an accountant, they expect to have their facts and figures taken care of and be on their way. If you make good on the “promise” of delivering a

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Why outsourcing your payroll is good for your company’s bottom line

As a small business owner you face challenges every day – from hiring and retaining good employees to bringing in enough business to keep the doors open. Keeping track of payroll and the state and federal paperwork that needs to be filed can take you off course from running your business, that’s why outsourcing your

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What you should consider if you’re looking at a business loan

The recent economy has been hard on small businesses – there’s no surprise there, right? And entrepreneurs who have been seeking working capital are being faced time and again with being turned down by bank officers. Recently, though, the chasm between banks and small businesses appears to be lessening, according to a report issued by

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Cutting costs, increasing productivity? It can be done

A survey undertaken by the United States Federation of Small Business and DYMO showed that because of the downturn in the economy many small businesses are making cuts to stay afloat. No surprise there, right? Here is a breakdown of where small businesses are making those cuts: 23% of respondents have cut their staff 29%

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