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Getting a Business Loan
One of the hardest things to do in small business is getting that first loan. Due to recent ups and downs with both Wall Street and Main Street, lenders can be skittish when it comes to lending capital to businesses for the first time. While it’s easy to demonize banks, small businesses and the financial…
Successfully managing a business through inflation
Inflation sucks, let’s be real. It means paying attention to your costs to do business as well as increasing costs for your customers. As a business leader if you have not already done so, you’re thinking about raising the price of your products and services. Whether you run an inventory based business where the costs…
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Unlocking the Power of Profit Margins: A Guide for Small Business Owners
As a small business owner, you wear many hats. From managing daily operations to crafting marketing strategies, your to-do list is never short. Amidst all these responsibilities, there’s one crucial aspect of your business that you shouldn’t overlook: profit margin. Understanding and monitoring your profit margin can be the key to unlocking greater financial success…
Mastering Accounts Payable: A Guide for Small Business Success
As a small business owner or financial manager, optimizing your accounts payable (AP) process is crucial for maintaining healthy cash flow and strong vendor relationships. Let’s explore key strategies to enhance your AP management, focusing on fraud prevention, optimized timing, and cost reduction. The Foundation of Effective AP Management Centralized Invoice Processing Implement a centralized…
