SmallBusinessNewz

Understanding the Financials of Your Business

Hello. My name is Rich and I don’t understand my business’s financial statements. Sounds like an introduction at a 12-step program, doesn’t it? I’m not sure how I stayed in business for 14 years and counting with such a tenuous grasp on the finances of running a business. I’m easily stumped by such accounting questions as:

Why Social Media Is More Than Just a Fad

How long did it take you to figure out that social media wasn't just a fad? For some businesses, it didn't take long. However, some businesses are still not convinced that there is actual business value in social media.

How Businesses Can Capitalize on New Consumer Trends

A new study from the National Retail Federation and BIGresearch bears good news for all. The research found that Americans are becoming more generous with their spending habits, especially in regards to small luxury items.

Money Tips: Mistakes to Avoid

Money is a common cause of problems. In fact, it is often labeled as the reason for many divorces. That said, it is easy to understand why money can often be a problem in business, if it is not managed properly.

5 Tips for Saving Money

Everyone loves to receive discounts, right? Well, did you know there are multiple ways in which your business can save? Anita Campbell, the founder of Small Business Trends, recently wrote a post that revealed 5 tips for finding discounts for your business. They were so good, we just had to share them.

Save Money with Open Source Software

Most business owners spend a lot of money on proprietary software, but is it a valid expense? While some cases require proprietary software, there are other cases in which businesses can utilize alternatives. As explained in the video report below, there are alternatives that are both free and open source.

Are You Happy With Your Business?

Are you happy with the current state of your business, your finances and your personal life? Do you know exactly how you want your business and life to look in an ideal world?

6 Tips for Determining Your Pricing Structure

Even if you have the best product or service in the world, if your price is wrong, it could really hurt your business. If your price is too high, you won't get business; and if your price is too low, you won't make any profit. So, what is a business to do?

Ways Your Business Can Save Money

Every business likes to save money, but when it comes to what should be cut to save the money, many businesses are at a loss. So, before you make the difficult move to cut budgets and maybe even staff, think about ways you can cut your office expenses.

Making Profitability a Priority in Business

What is your business's first priority? Though it may sound a bit selfish, profitability needs to be first. When you think about what motivated you to start your business, money is usually one of the first things that come to mind.