The key to success in business starts with your finances. So, how do small businesses keep track of their money? In this article, we will dive into the methods, practices, and some common tips that you can use to effectively monitor your money. After reading, you will have learned: How different businesses manage their money.The…
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The budget you set for your business is key for long-term success, on so many levels. As you run your business, it can be easy to focus too much on the day-to-day issues and lose sight of what really matters: your long-term goals and objectives. At this point, it might feel as though your budget…
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When it comes to revenue forecasting, it’s all about your business. Not only the future of your business, but exactly where you work, you industry you work in, and what you end up providing consumers/clients. In order to prepare an accurate budget, which is like the yearlong strategy for your business, you need to develop…
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Many business owners wonder if a FICO score applies to them. Let’s get started with the basics - what is a FICO score? Essentially, it’s a score which determines your credit risk and candidacy in the eyes of various lenders. Today, we’ll dive into the world of FICO scores, how they are determined, and the…
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Credit cards can play a vital role in building a sustainable business. In fact, one of the most important lessons a business owner can learn is how to manage business credit cards effectively. It’s not simply about having them, though. It’s about using them, paying them off, and taking advantage of the opportunities they provide…
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Many businesses know that having good credit is imperative to their financial success. But, learning how to have a healthy mix of credit is more difficult than it seems. Even if you began your business with your own finances, there will likely come a time that you need them from elsewhere - this is where…
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