How to Track Your Business Expenses

If you’re running your own small business, you’ve probably thought of just about everything – products, marketing, along with about a thousand other things.  However, one thing a lot of small business owners can overlook is their expenses.  If you want to be successful in business, you can’t just keep track of how much money you have in the bank, it’s important to also keep track of what you’re doing with your money.  [Read more…]

Small Business Outsourcing – Why you need to be doing It

If you are thinking of starting starting your own small business, with a bit of luck, you will soon be needing some help! You’ll need other people to help you and do work for you.  You obviously want to try and avoid the cost and headache of hiring your own employees. So what can you do? Well a great way to get the help you need at a lower cost is to outsource your small business tasks. You will not only save money – there’s a whole load of other benefits to outsourcing for a small business. [Read more…]

How to Control Overheads

Overheads are business expenses that are not specifically part of a business project. They’re the costs or your business that you’re going to have whether you have a customer or not. For example, you’re going to have to pay for electricity, office supplies, and facility rentals whether or not you make a sale. Costs that are specifically for a project, like shipping costs for final product, are not included in this cost. [Read more…]

Five Ways of Saving Money in Your Small Business

In today’s market, being a successful small business owner means that you need to be frugal, yet you still need to be able to make money at the same time.  Here are a few ways for you to cut costs around the office.   [Read more…]

Small Business Budgeting and Cash Flows – How to Survive the Recession – Part One – By Bruce Van Cleve

What could possibly be more important to your small business than profits and cash flow, especially in our current economy? Almost everyone’s sales are off, and so it’s how we manage the money flow through the business (what happens after the sale) that makes the difference between profit and cash crunches. Your company’s survival depends on it. [Read more…]