Posts tagged as:

financial management

Image credit: <a href='http://www.123rf.com/photo / 123RF Stock Photo</a>

How to Tell if You Need to Hire a CFO

by Mike Periu on February 24, 2013

in Small business

As small businesses grow, managing cash becomes far more complex. You have to: forecast cash needs and cash receipts, establish processes for tracking payments and dealing with late payers, produce financial statements, establish budgets, invest unused cash and much more. If you expect to keep growing your business, you can’t spend [...]

{ 0 comments }

Continue Reading

Small-business compliance with unclaimed property laws, known as escheat laws, isn’t usually at the top of the list of most owners’ concerns. But failing to address unclaimed property can lead to audits, interest and penalties. When a customer leaves a deposit and never returns, or you issue a refund to clients [...]

{ 0 comments }

Continue Reading

Venture capitalist Tony Tjan believes that not all revenues are created equal. Companies that pursue growth of any kind and at any cost will have a difficult time achieving long-term value, according to Tjan, vice chairman of investment advisory firm Parthenon and general partner at VC firm Cue Ball.
Continue reading

{ 0 comments }

Continue Reading

One of the most difficult aspects of being a small-business owner is having to fire or lay off employees. Even if it doesn’t come as a surprise, it’s still shocking, and more so in a job market where it can take well over a year to find a new job. It’s difficult [...]

{ 0 comments }

Continue Reading
Post image for Don’t Hoard Old Financial Documents

Don’t Hoard Old Financial Documents

by Mike Periu on January 23, 2013

in Small business

When it comes to storing old financial documents, I’ll admit that I do have a hoarding problem. Despite “knowing better,” I’m hesitant to eliminate even old receipts in case one day I’m subject to an audit and the only thing keeping the IRS from confiscating my business is an $8 gas [...]

{ 0 comments }

Continue Reading

Many small-business owners fail to plan for the five Ds as attorney Michael Burstein describes them: disagreement, deadlock, default, divorce and death. When a business is successful, owners commonly postpone dealing with potentially difficult and uncomfortable situations.
Continue reading

{ 0 comments }

Continue Reading

Get the Inside Scoop on Tomorrow’s Economy

by Mike Periu on August 29, 2012

in Small business

There is never a shortage of so-called experts on television, radio and the Web talking about what the economy will do next. Everyone has an opinion and seldom is a consensus reached unless it’s to state the obvious. Having a clear understanding of what our economy…
Click here to continue reading.

{ 0 comments }

Continue Reading

Many small-business owners have achieved success by taking a “hands-on” approach to running their companies. Having full control over your business’ operations gives peace of mind because after all, no one is going to care about your business like you do.
Click here to continue reading.

{ 0 comments }

Continue Reading

There are many ways for a nascent small business to acquire the money it needs to start operations and expand. By now, many owners realize that the traditional bank loan is the most difficult and least advantageous source of capital…
Click here to continue reading.

{ 0 comments }

Continue Reading

As the economy continues its precarious path forward, consumers and business customers maintain a price-conscious attitude.  Many large companies have made the decision to use price reductions, sales and rebates to increase (or maintain) unit sales.  This tends to cause a great deal of grief to small business owners who [...]

{ 0 comments }

Continue Reading