Uncategorized

Growing your small business is usually a great thing, and in fact it’s what virtually all small businesses are aiming for. However, unless that growth is accompanied by sound financial planning, it can actually cause more harm than good. The truth is that growth often puts a pretty severe strain on any small business’s cash flow, especially when that growth is being fueled by cash flow money which is normally earmarked for expenses. It can be just as bad if…

Without funding from someone else, it’s impossible for many new businesses to expand. This means reaching out to potential investors as a possible source of revenue. If you find yourself in that position, know that you need to come extremely prepared to each meeting with a potential investor. One of the most important things you can do is take the time to prepare a highly professional business plan.   For Some Investors, the Executive Summary is the Only Thing That…

Starting a new business with a partner is much less overwhelming than trying to do everything on your own. You each bring a certain level of expertise in different areas that make you stronger together. As a business entity, a partnership is a step up from a sole proprietorship. The difference is that each of you owns half the business. This also means that you divide its assets and liabilities. While a business partnership has many advantages, both people should…