Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To help you preserve or increase your cash, here are five cash management leaks to avoid.1. Bloated Bank FeesSome banks are more business-friendly than others. We recommend you assess the fees you are … [Read more...]
The Fine Art of Prioritization
Running a business usually means putting in over 40 hours a week. In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for! That’s when proactive, strategically executed prioritization can make all the difference.So Hard to ChooseIf you have lots of ideas in your head or on your “to-do” list that are not getting done, you’re certainly not alone. Here’s a process for … [Read more...]
Have You Been Hacked? How to Minimize Your Risk
Just about every day, we read in the news that another company has been hacked. You might have already been directly affected by the password thefts at LinkedIn last year or Evernote this year. Or you might have had your own social media account, email, website, network, or computer hacked. Worse, many of you have been hacked but don’t even know it. So how can you minimize the damage and risk of hackers? Here are several … [Read more...]
Seven Strategies to Put the Spring into Your Sales
Spring is here and that’s the perfect time to try something new in your business to make things fresh. Here are seven ideas to try in your business; pick the one that’s most likely to put the spring in your sales. 1. BOGO “Buy one, get one” or BOGO deals are always hot and never grow old. Even if it’s not common in your industry, see if you can adapt and create a deal like this. The best thing about a BOGO strategy is it … [Read more...]
Is Your Data Backed Up? Seven Often-Overlooked Places
Hopefully, you’re already making backups of the data on your business server on a regular basis. It’s simple to set up data backups automatically and then forget about them until you need them. But have you ever looked around to see if there are any gaps in your backup strategy? Here are seven places to look to make sure all your business data is backed up safely. 1.Online Calendar Do you use an online calendar? If you … [Read more...]
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