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Fight Inventory Shrink

Aug 04, 2011

Inventory shrink occurs when a physical inventory count differs from what is recorded. This often is the result of administrative error and theft. An effective inventory management system should reduce both theft and administrative errors.... Read More

Obtain Intellectual Property Protection

Aug 04, 2011

Intellectual property protection is important for small businesses that provide services. Malicious employers have swindled their clients because they did not have robust intellectual property protection, so be sure to protect your business.... Read More

Minimize Your Risk of Employee Fraud

Aug 04, 2011

Fraudulent behavior by employees isnt only a phenomenon in large companies. Most small businesses are exposed to employee fraud, and the effects can be even more damaging than those inflicted upon big businesses.... Read More

Identify and Eliminate Payables Fraud

Aug 04, 2011

A typical way that accounts payable fraud occurs is when employees write checks to fictitious suppliers. The good news is that systems can be implemented to detect and avoid accounts payable fraud.... Read More

Shield Your Company From Business Fraud

Aug 04, 2011

The risk of business fraud is greater for small businesses because one instance of fraud could wipe out a small firm. It is critical for business owners to take the necessary steps to prevent fraud.... Read More

Credit Insurance Reduces Risk

Aug 04, 2011

For many businesses, accounts receivable makes up a huge percentage of sales, making it one of a companys most valuable assets. It is possible to protect accounts receivable with credit insurance.... Read More

Know How to Classify Your Business

Aug 04, 2011

Small businesses should take advantage of the opportunity to classify their businesses. The Standard Industrial Classification Code (SIC Code) and the North American Industrial Classification System (NAICS) are the two primary business classification systems.... Read More

Tap Business Charge Cards for Credit

Aug 04, 2011

Business charge cards are an alternative option for small businesses seeking access to additional credit. Choose card accounts that report to credit bureaus so you can build your credit score with consistent, timely payments.... Read More

Identify Risks to Your Business

Aug 04, 2011

Business owners must be able to adapt to changing economic and business environments. Successful companies are those that are able to identify business risk factors and adapt to constantly changing market conditions.... Read More

How to Get the Most Out of the SBA's Resources

Aug 04, 2011

Ask most entrepreneurs how the Small Business Administration helps them, and their first response will likely involve SBA loans. It offers several resources to help with virtually every aspect of starting and running a business.... Read More

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