Virtually every small business owner worries about money. But in this Covid-19 environment, with such an uncertain future, managing money is even more critical now for your small business survival. So how should you spend your money now? First: a couple of basic things to remember. Cash is king. If the three most significant things …
Small Biz Update: More Money Coming
TWO FACEBOOK LIVE EVENTS Please join me for one of two Facebook Live events this week Tuesday 1 pm EDT/10 am PDT: my own Facebook Live Update on funding sources and tips for long-term business survival. Go here to join or to watch after the event. Tuesday 5 pm EDT/2 pm PDT: Facebook Live with …
12 Absurdly Easy Ways to Make More Money
Want to make more money in your small business? Who doesn’t? Usually, when small business owners think of ways to make more money, they consider things that are pretty tough, like developing new products or services, opening new locations, or adding an eighth day of the week so they can work 24/8 instead of just …
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 …
Hey Artist – You’re Really a Small Business
You live for your art. Every day, you paint or compose music or write short stories or make beautiful hand-crafted objects. But every day, you also need to eat. If you aren’t engaging in your art just for pleasure, you’re not only an artist, you’re a small business owner. Starving artists don’t actually last very …
6 Sure-Fire Tips to Increase Sales by 12/31
Yes, Virginia, there is a small business Santa Claus. “Santa” comes in the form of customers with money burning a hole in their pockets. They have funds they want to, or need to, spend before midnight December 31. These customers are ripe for the picking, so hurry and make those all-important, highly lucrative, sales calls …
The Absolute Best Way to Raise Money
You’re excited about starting your new small business. You’ve got a can’t-miss idea, developed a business plan, created a prototype. You’ve even found a group of talented people to work with. There’s only one problem—you need money to make it all a reality. Money! You can’t start or run a business without it. Sure, it …
Sex, Money and Entrepreneurs
If Steve Jobs had been Stephanie Jobs, would anyone have ever heard of her? That’s the type of question the sex discrimination case involving one of the most prestigious venture capital firms in the world has sparked here in Silicon Valley, where I live. The case has brought renewed attention to the glaring lack of …
