SBA's 8A Program is designed for small business owners who are socially and economically disadvantaged. The process is done in three steps, and applicants will be accepted or denied certification within 90 days.... Read More
It is crucial to avoid making common mistakes that can do serious damage to your company. A little planning should help you avoid some of the most common small business tax problems.... Read More
For family-owned businesses, funding options are somewhat limited. Finding small business funding resources may require a little bit of work, but there are definitely options out there if you do your homework.... Read More
Buying from local vendors could potentially benefit your company, your customers, and the environment. Take advantage of online resources and vendor networks that provide lists of suppliers for various goods and services.... Read More
Many small businesses underestimate the importance of understanding how they compare to other companies within their specific industry. Companies that are struggling could experience a small business recovery with the help of performance ratios.... Read More
Any time the U.S. economy struggles, there is a perception that Wall Street is thriving while Main Street is not. Work on your access to capital and customer retention to survive this disconnect.... Read More
The goal of nearly every small business is to grow and become a big business. One way to prepare for operating as a big company is to prepare official financial statements.... Read More
If your small business is having trouble collecting outstanding accounts receivable, you may need to improve the notification process. If customers have overdue payments, or are unresponsive, a collection notification should be issued.... Read More
The speed at which a business gets paid by customers reflects in part how well its payment system is set up. Managers can put procedures in place to facilitate and motivate expedient small business payments.... Read More
Managing inventory is an operational necessity of almost every business. Your business may benefit from vendor-managed inventory because it can increase margins and reduce costs.... Read More