Money

MONEY

    Raise the money and capital you need to launch a home-based business. Information on a wide range of subjects including cash flow, credit repair, receivables, cutting taxes, money management, controlling costs, and more.

    An Often Misunderstood Necessity for Growing and Expanding

    By Victor Green

    "Make sure you assess the risk of borrowing carefully and consider the full extent of financial problems if things go wrong."

    Borrowing money is often a necessity for a growing and expanding a new business, but it’s also one of the least understood parts of business management. So, what is the best way to go about it?

    Here are 10 Ways to Do It

    NYC-based small business & tax expert David Selig (www.truetaxhelp.com) offers 10 ways to fix your finances now so that you start 2013 on solid financial footing.

    Get an Early Start on Tax Season

    By Sharon Lechter

    "It’s not too early to look ahead to tax season to consider steps you can take now to make that often dreaded deadline a bit easier."

    You read that right. As one year comes to an end and another begins, people often look to make changes in every aspect of their lives — especially finances. So now is a good time to think about taxes.

    By Ike Ikokwu, CPA, CFP

    Just as Americans have learned that are such things as good fats and good cholesterol, so too is there good debt for a prosperous financial future. The three most common ways people in this country get rich all involve using debt.

    Practical Advice for Collecting Your Receivables

    It is no secret that full and prompt payment from customers is the lifeblood of any home business. Unfortunately, most home business owners quickly learn a hard truth: Some customers simply do not pay their bills. It is, therefore, absolutely essential for all home business owners to establish internal procedures directed toward ensuring timely payment, while simultaneously maintaining awareness of the most effective ways of dealing with delinquent customers.

     

    Don’t Let it Leave You with Only Coal in Your Stocking

    "Take precautions in the online world, as well as on the street, due to the ease in which virtually anyone can open an account to accept credit cards on their mobile phone."

    According to a previous Forrester Research report, the growth in online holiday sales will largely be attributed to the tight economy, as consumers look to the Web for the best bargains. And, according to Forrester, the surge will be furthered by the growing popularity and proliferation of Web-enabled smart phones. While this spending increase may portend an economic recovery — a good thing, indeed — the bad news is credit card fraud is especially rampant during times when the overall number of credit card transactions increases exponentially.

    For Emerging Growth and Startup Companies

    By The Reznick Group

     

    Entrepreneurship continues to flourish across the United States and abroad. Emerging growth and startup enterprises focus their finances and resources towards product development, proving a concept, and growing revenue. Limited startup capital and resource constraints dictate priorities as to where money should be spent, and rightly so. However, financial accounting and tax matters should not be overlooked, even in the earliest stages of a company’s life cycle.

    The following 10 tips can help you secure the financial support and funding your business may need to succeed.

    Know your investor: Investors are typically intrigued by companies that fall within current trends, but that is not always the case. Different angel and venture capitalists are looking for different things, and most have a track record of the type of company, and even rate of return, they are looking for so—do your homework and know who you are pitching to.

     

    7 Tips for Landing an SBA Loan
     
    While SBA loans are available, it may take a bit more work to obtain one and banks are requiring more information than they have in the past. Rachel Zippwald, Vice President of California Bank & Trust, a major SBA lender, recommends following a few tips to facilitate getting your SBA loan approved.
     

    Here are 5 financial tips that will help entrepreneurs be more successful in their business ventures:

    Pages

     

    © Copyright 2012 Home Business Magazine. All Rights Reserved. Privacy Policy | Terms and Conditions
    Infoswell Media