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Why Every Business Needs a Plan
Building a business will bring plenty of ups and downs, as well as lots of surprises. If there’s one tool that can help you roll through those ups and downs and make adjustments along the way, it’s the old fashioned business plan. A business plan is an actualized, logical breakdown of your company’s future. It’s…
Accounts Receivable
What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
Arena Tools and Templates
At Arena, we know it’s important to have systems and processes in place so that you can focus on the nuances of your business rather than repeatable operations. Basic Forecast Advanced Forecast
Take these 6 easy 30-60 minute steps to actively manage your cash flow
50% of businesses fail by their 5th year. 82% of those failed businesses say it is because of cash flow. ~ Small Business Administration What the heck is cash flow?! Cash flow for a business is critical to keeping your business going, paying your employees on time, and making sure you have your product available…
Small Businesses: What’s Your Plan for 2023?
Why Plan? Whether your business has had a great year, just an okay year, or a year that could have gone better, knowing how you are going to run your business for next year can give you a leg up on achieving outstanding results in 2023. What is a Plan? A business plan is a…
The Pric(ing) Is Right!
Pricing Strategy in Today’s Economy What is Pricing?Have you ever asked yourself what “Pricing” really is? We all jump to thesimple definition of price – the cost of the product or service. Morespecifically, the cost per unit or cost per month or cost per module, etc.However, “Pricing” is so much more than the bottom line…