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 …
Daily Update – Small Business Coronavirus AssistanceRead More
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 …
Case Study: The Bank of Starbucks
Excerpted from Entrepreneurship: A Real-World Approach, 2nd Ed, now available Challenge: To improve cash flow, reducing the unpredictability of sales for a nonessential purchase Solution: Find ways that encourage customers to prepay for goods long before they purchase them, and invest those funds safely There’s a pretty good chance the last time you ordered a Starbucks …
7 Signs Your Small Business Is About to Die
Every small business owner has good days and bad days, good months and bad months. But how do you know when you’re not just experiencing a temporary downswing but are in serious trouble? Here are seven key danger signs that your business is about to fail and steps you can take to keep your business …
