Every year, I create a list of my small business new year’s resolutions. I think of these as a way to focus priorities for the coming year. I invite you to join me as you face 2022 in your small business. Before I drew up this year’s list, I went over some of the lists …
10 Tips to Ring In More Holiday Cash
If “location, location, location” are the first three rules of real estate, the first three rules of small business money management are “cash, cash, cash.” And if managing cash flow is important any time of year, it’s even more challenging during the critical holiday season. In every business, there’s a lag between money going out …
Small Biz Update: PPP Loan Changes Coming?
FACEBOOK LIVE EVENT NEXT WEEK Please join me for my Facebook Live event: Tuesday, June 2nd, 1pm EDT/10am PDT Update on PPP, financing, and strategies to help your business survive. Go here to join or to watch later. And if someone forwarded you this newsletter, you should sign up here. MARK YOUR CALENDARS June 9th I’ll be …
Daily Update – Small Business Coronavirus Assistance
TODAY—or tomorrow—CONGRESS may decide whether your small business survives. If you want your voice heard, you need to act now. (Remember: I am doing a Facebook Live http://www.facebook.com/RhondaAbramsSmallBusiness at 1pm EDT/10am PDT every M–F.) That is not an exaggeration. Huge stimulus bills will be voted on by the Senate and House of Representatives today or …
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Handling the Summer Cash Flow Crunch
It’s Small Business Week—the beginning of May—and you know what that means: summer is around the corner. For many businesses, especially women-owned businesses, summer is either their busiest or slowest season. Businesses located in tourist locations, in hospitality industries, or in the wedding business, may see the bulk of their income in the next few …
If I’m Making a Profit, Why am I Broke?
You’ve filed your taxes, right? Or at least filed for an extension? Either way, you had to somehow come up with money to pay the IRS. Ouch! That hurt. Here’s the good news: You run a profitable business. That’s why you owe taxes. But why was there no money in your bank account? Here’s a …
Climate Change Is a Small Business Issue
In the aftermath of two huge hurricanes and over 100 immense wildfires in the Western US, as a small business advocate, I can no longer be silent on an issue threatening small business owners—climate change. Climate change is real. It’s disastrous. It’s getting worse. And it’s a danger to small businesses, including yours. Although I was …
Love Food & Small Biz? There’s An App for That
Many small businesses involve food. The baker, the butcher, the coffeecake maker, and the farmer-in-the-dell are all likely to be small businesses. But as small businesses, most of these food-related companies have the same problem: how does their owner get the cash they need to buy supplies before they actually make sales? Now, there’s a …
Small Business Customers: Good, Bad, Ugly
Any customer is a good customer for your small business, right? After all, if someone wants to buy from you, what more can you want? Actually, lots. It turns out some customers are not worth having. And you have to learn how to get rid of them. Anyone whose been in business very long can …
