Finance

Everything related to the money of your small business or startup to help you manage your finances.

Get Your Company More Cash Using Business Tactics and Inventory Management Software

Finance / By
managerial skills

Business operations are critically dependent on the positive movement of cash. Unfortunately, you can’t always pay your bills from sales and profits.

As a business owner, you need to become the master of your company’s cash flow. You also need to control costs and set up a good collection system for your accounts receivable. Additionally, you need some solid payment schemes for accounts payable. Your inventory can tie you down tremendously, so it’s good to stay on top of it with inventory management software.

Cash flow isn’t the simplest thing to manage, but here are some tips to help you.

…

Get Your Company More Cash Using Business Tactics and Inventory Management SoftwareRead More »

5 Pricing Mistakes That You Need to Escape If You Want to Succeed

Pricing / By
5 Pricing Mistakes That You Need to Escape If You Want to Succeed

Pricing is a combination of science and art. We cannot focus on science without art or focus on art without science when we are pricing our products and services. So, there are many possibilities to make several pricing mistakes that will cost your company.

Do you think that your price is one of the most critical elements in your business?

Do you know that everything you do in your business impacts your prices while on another side, your prices impact your offers, sales, and value perception of your customers?

Let’s see some of the frequent and most disastrous mistakes that you can make.

…

5 Pricing Mistakes That You Need to Escape If You Want to SucceedRead More »

Why Focus on Positive Cash Flow in Your Business

Finance, Funding Options / By
focus on positive cash flow

Cash is the king for all companies and entrepreneurs regardless of their market or industry. They must love it! They must have it! Without money, the existence of the company is in doubt. Without positive cash flow, you cannot grow your business.

You cannot finance your daily business operations without positive cash flow in your small business. You cannot market your company if you don’t have money, and you will not have money if you don’t have positive cash flow.

As an entrepreneur, you must use tools such as cash flow analysis to discover where the money of your small business is spending, what you will need to improve, and how you will improve it to make your company be more cash stable company.

Why must an entrepreneur love cash for his company? Can your company survive on the market without positive cash flow?

Here are some of the possible answers to this question.

…

Why Focus on Positive Cash Flow in Your BusinessRead More »

What is Behind the Apple’s Pricing Strategy?

Pricing / By
apple pricing strategy

Pricing strategy is one of the most important business strategies. The wealth of your business in much will depend on that pricing strategy and customers perception about your prices.

I am Apple’s iPhone user nearly one year, and now I am close to making a decision to buy an iPad. In the same time, my future considerations are first to buy a Mac and after that to transfer my operating system on all my equipment from Windows to Mac.

I don’t know why, but I feel that I am starving for their products. It’s probably connected with their so successful product launch strategy for each of their products.

…

What is Behind the Apple’s Pricing Strategy?Read More »

Here’s a Quick Way to Analyze and Improve Your Profitability

Profitability / By
business profitability

Every entrepreneur starts a business for the most important purpose. To make a profit and to improve her personal life. Profitability is something that is the most wanted thing in the life of every entrepreneur. If you have $5,000.00 this year, you will want $7,000.00 next year. If you have $10,000.00 profit this year, you will want $15,000.00 for next year. If you have $150,000.00 profit this year, you will want $200,000.00 for the next year. You will always want more profit.

…

Here’s a Quick Way to Analyze and Improve Your ProfitabilityRead More »