We’ll admit that its more pleasing to collect payments rather than make them, but you can organize your business to optimize how you make payments so that you minimize their impact. There are two ways you can optimize your payments – when you pay them and how you pay them. Timing Your Payments A good
A few years back I had my identity stolen. It was done the old-fashioned way when someone stole a bunch of official documents from my mailbox – birth and marriage certificates, bank account statements, utilities bills – and they accumulated enough over time to make up a pretty good portfolio to look like they were
According to the 2016 Internet Security Threat Report from Symantec, total online security breaches are up by 2 percent since 2014. Breaches with more than 10 million identities exposed rose by 125 percent, and 431 malware variants have been added in 2015. These may not be alarming numbers if you’re an average online user. But
Even the most visionary business can be derailed by cash flow problems. In fact, a recent survey found that a staggering 82% of start-ups and SMEs fail due to inadequate cash flow management. So it’s vital that you know some of the most common pitfalls – and how to avoid them. 1. Overspending too early.
Having cash on hand is an inherent part of doing business, but it also requires that business owners take proactive steps to make sure that all activity related to cash handling is accounted for and properly protected. Here are five steps toward safer cash management. Establish processes for keeping employees accountable. Cash management starts with
The holiday shopping season brings that odd combination of fun, exciting and stressful times. New small business owners may find the seasonal rush to be an eye-opening experience, one that has significant sales opportunities and potential for growth, but also filled with tricky situations. Keeping the customer in mind throughout these moments is essential for