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A healthy positive cash flow is a vital component of any successful business. However, many new entrepreneurs are unaware that profit and cash flow are not equivalent and that without effective cash flow management even highly profitable businesses can fail....
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When you have a small business, it’s very likely that you’re going to run into cash flow problems at some point, and when you do it’s not very likely that a traditional bank will be able to help you, because...
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The term work-life balance refers to the practice of having your employees allot blocks of time in appropriate amounts to the workplace and to family needs at home, and when a good balance is achieved, it can make your employees...
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What’s one common denominator that affects almost anyone’s mood, productivity, and performance at work? Answer: their surrounding environment. Most of spend a minimum of 40 hours a week at work, and there’s a stark difference between spending those hours in...
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How you structure your organization will influence financial analysis and modeling and how efficiently your company achieves its goals. Careful consideration should be given to how you initially set up the functions and divisions in your company. Implementing one too...
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One of the best ways for a small businessman to manage gaps in cash flow is to have an unsecured business line of credit available to cover those times of shortfall. However, eligibility for an unsecured business line of credit...
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Small businesses have become one of the most sought-after sources for personal employment and wealth in the US. According to the Small Business and Entrepreneurship Council, the introduction of 5G technology will accelerate industry growth across the board. This means...
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Businesses run on people, and the long-term success and health of any business is dependent upon its employees. Employee retention saves time and money on hiring, onboarding and training, up to 200 percent of a candidate’s annual salary. Employee retention...
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Building a business team that leads to success isn’t as easy as throwing a group of people together and expecting them to perform. Team building requires management and time. A good team leader is like a coach who knows how...
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The business world has seen economic struggles unlike anything experienced over the last century. Because of this, many businesses are struggling with obtaining and maintaining their capital. Business loans have strict application requirements and can take an exceedingly long time...
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