Posts Tagged ‘tips’

7 Tips for Small Business Owners to Avoid Financial Disaster from Sunovis Financial














San Francisco, CA (PRWEB) April 11, 2013

Successful business owners offer a great service or product and superior customer service. However, great products and customer service won’t help if financial planning is not in order. And gaining access to capital, such as a fast Micro loan from Sunovis Financial, will be made more difficult if the finances are in disarray.

So what should a business owner do to take control and what to avoid? Sunovis Financial offers some tips on what to avoid:

1. Poor Record Keeping and Administration

Small business owners are often not good record or bookkeepers! Many business owners had the great business concept, saw the need in the market and knew how to implement the idea. “They are not the type of personalities who jump out of bed in the morning and say “Great, it’s payroll tax and paperwork day today,” says Terry Robinson, President of Sunovis Financial. “They are usually the type of personalities who think about their customers, big ideas or how to improve their product.”

Tip 1 is that business owners cannot avoid bookkeeping! Sadly, too many small businesses fly by the seat of their pants and could have avoided problems by reviewing the business numbers. Businesses must know what money is coming in, where it is going and how much is going out, and have a good handle on inventory (if the business deals with inventory.) Either hire an in-house bookkeeper or engage one in your community to get control of your financial situation.

2. Not Watching Your Bank Balance

Tip 2 involves watching that bank balance. Many small business owners don’t do this, and then rude surprises could occur such as bounced checks. That can affect the credit score, incur fees and even hurt your relations with suppliers who had to deal with insufficient funds. By having better bookkeeping, businesses will be able to better watch and manage the bank account situation. And come tax time, the task will be easier, too! Internet banking can be an easy way to check that account daily.

3. Poor Cash and Credit Management Practices

Tip 3 builds on Tip 1 and 2. Cash management practices to avoid financial ruin include:

a) Hold good insurance on your premises and inventory. Don’t let a fire or flood take you down.

b) Those doing ‘business-to-business’ sales may be faced with having to sell on credit. If so then be disciplined in chasing up any outstanding payments. Don’t be embarrassed about for what is due to you. Chase as hard as possible because the business has its own debts to pay!

c) Likewise, businesses that are granted a period of credit granted must pay on time.

d) Know the monthly expenses, and plan accordingly with incoming or anticipated revenues. Having a handle on that bookkeeping with do wonders.

4. No Cost Controls

No cost controls could spell disaster. Business owners need to compare prices and specifications. Have set limits on what the business will not pay, and always be on the lookout for a good deal.

5. Spending Without Forethought

Tip 5 addresses the need to consider every expenditure within the budget (see Tip 7) and financial situation. Early phases of a business require money for structure, inventory and start up but consider carefully each item. As the business grows, don’t overreach but scale up thoughtfully. Consider the use of a short-term Micro loan if the business generates cash flow but could use an infusion of capital to go to the next step.

6. Depending On a Small Number of Customers

A business should never rest on its laurels. Marketing, promotion, product development and growing the client base are important for all businesses. Don’t depend on a small number of clients. Don’t be held hostage. Consider social media for some outreach.

7. Not Having a Budget

One good financial practice is to have a budget, which is Tip 7. A budget works well with the first tips above, to see the big financial picture and then plan into the future for it. A budget can also help business owners with Tip 5 before making any large or unnecessary purchases.

Financial problems can usually be avoided or mitigated by taking basic planning steps and then implementing them.

Sunovis Financial assists small business owners with SBA loans and non-bank Micro loans. The company mission is to rebuild the U.S. economy, one business and one loan at a time.























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Consumers ought to not believe every thing they hear about credit card debt settlements, of which, have lately been under attack. Even though a few poor apples can give virtually any business a poor representation, it isn’t typically the truth.

Whilst some from the poor apples of personal debt relief firms could be frauds, the majority of the organizations honestly attempt to sincerely assist their clients remove their unguaranteed consumer debt. The rest of this article will present you the falsities and the truth within the unsecured debt relief industry.

Upon obtaining a credit debt settlement program, your credit card is going to be effected in a negative manner. Nevertheless, it isn’t as bad as reaching personal bankruptcy, which takes a many more years to recover from. If a unsecured debt reduction firm informs you they could eradicate your unsecured debt that’s unguaranteed and it won’t effect the score they are certainly not telling the truth. Consequently you have to look in other places for a more honest firm, as they may well lie to you once again in the future.

Even though each situation is diverse, regular consumer debt settlements can eliminate 60% of the personal debt. Even though it can vary, it depends about the general status on your accounts and how great a debt settlement company is good at reaching negotiating with your creditors. You have to get a trustworthy and productive organization, and you have to know exactly where to look.

If you’re one of those in credit debt and want to get out of it, I can inform you a necessity of discovering the correct company. In no way just go straight to any debt relief organization, but very first go via a credit card debt alleviation network that’s connected with various debt firms which are reputable. To be a component of this network, they should demonstrate a great track record of getting rid of consumer debt for their clients, and they should pass an ethical standards test. Going via a credit debt relief network for example this will guarantee that you identify the most trustworthy and hard-working personal debt relief settlement

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DebtBankrupt.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.

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www.euronews.com Some news from Cyprus, which sounds uncannily like news from Greece: the country does not have access to the international capital markets and economic reforms are going at a snail’s pace. Cypriot banks are drowning in greek junk bonds. That’s why they need a muti-billion euro lifeline now too… More new faces are showing up at the soup kitchen in the southern Cypriot city of Limassol, entire families asking the orthodox church for a free meal. The church is warning that some radical new changes are afoot. Cyprus needs a bailout. The communist ruled EU-member is cash-strapped. Unemployment is on the rise and the economic outlook is gloomy. Fifty-seven year old Costas is looking for a job. Nothing special: just something, anything. But instead of blaming the lack of competitiveness of the Cypriot economy, banks for their investment choices, or even the politicians for not having reformed the island’s economy in time, he blames the EU’s free labour market. Costas Panayi, unemployed, Limassol “In Cyprus there is a big problem now. Iit is getting worse, because more people come here to eat. They do not have food…300 people and families… and there are no jobs in Cyprus, because of the Europeans that came from Romania, Bulgaria, all over the place – and they take the jobs of the Cypriots.” But the problem also lies elsewhere: Cyprus suffers from it’s close links to crisis-shaken Greece. Just nearby the church’s soup kitchen, Cypriots and tourists mingle

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Career planning is not an activity that should done at once. It is a life time process, which includes choosing an occupation, getting a job, and growing in that profession. According to research, an average worker will change careers multiple times over his/her life time, and it is never too soon or late to start your career. Career planning is an invested time, as it sets you the path that leads where you would like to go. This testing provides with you clarity regarding your career objective as well and best done, embarks on your job search. Career planning activity should be liberating and fulfilling that should be providing a goal to achieve in your current career plans for beginning a transition to a new career.

Here are some of the guidelines of career plan:

Before getting into your career plan, first explore the occupations in the industry, you are interested in and what is the labor market for that industry. Find out what really motivates you, what competencies you want to build up for it, carefully working your way to your reward, which could clearly be the consequence of your work.

Short term career plan: Mainly, short term plan focuses on time frame ranging from current year to next year. The key characteristic of short term career planing is developing realistic goals and objectives that you wish to accomplish in the near future.

Make your career plan as an annual event: if you are planning for a major career change and schedule a retreat for yourself, try to focus on career plan, i.e., what you really want out of your career plan, and do mapping of your goals, since the last time, you did any sort of career planing. Career path depends on your likes and dislikes. Hence, reviewing and selecting on the path always take time in order to reflect your career plans.

If your job and career still fail, if your job activity falls most in the dislike column, now is the time for you to begin examination of new jobs and new career.

Based on your appetite and aspiration, you can also get job offers, you wish. Suppose if you wish to be a Business Analyst, check out the source available to the kind of work for being a business analyst, If you really enjoy the work that comes with it, you must opt for it, Look further for job that fits you. For job satisfaction,growth, rewards and recognition, career plan plays an important role. Good quality life comes from one thing, which is you loving your job.

After deciding on a particular direction, build competencies. Careers need specific education and training. Whichever career you choose to be in, you will fare well if you strive to be the best in it. Learn to jump the ropes by acquiring the information through a course, by adding specific and special skill set that helps you to handle the job with greater proficiency. If your career goal is clear and towards your ambition, then start walking towards it. by acquiring skills and competency that help you along.



About the Author

Pinto has written this article on behalf of Gigajob Singapore,which is a Singapore Job Searching Site, where you can find latest job openings in IT,Marketing, Banking,Hotel management,Airlines and more domains.










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buzz.waspbarcode.com Find out which 5 characteristics make a successful small business owner. Tech-Savvy — This trait may not come as much of a surprise, the most successful small business owners are also connected digitally. Successful owners will invest much of their time and money into their website, IT, social media efforts and office equipment, all in there interest of efficiency. (Twitter plays an important role in the social media efforts of most of these success businesses — for more information on how to use Twitter for small business, check out this guide.) Inquiring — Successful entrepreneurs and small business owners are constantly asking questions and seeking out new information. They want to know why a particular facet of their business failed, how to successfully hire new employees, and what trends are happening in the industry and in the global marketplace. By knowing this information, they are able to tweak their business plan accordingly. Experimental — An experimental business owner is constantly testing new ideas and methodically measuring results in a search for the most effective ways to sell, market, and manage their business. By being experimental, a business owner is able to take risks, evaluate the results and make the appropriate decisions to either ramp up successful business initiatives or cease those that fail. Task-oriented — As a successful business owner, it is important to be able to plan ahead, both long– and short–term. To

Jobs online at home at: www.myonlinebusinessguide.com Internet has created immense possibilities for ordinary folks all around the world. And there is a lot of money to be made for people who know what to do on the web. Working from home on the internet provides users with the convenience and job security they require. The types of jobs offered online to those ready to work from their homes all are based on simple skills. ————————-ignore–this——————- career opportunities in 2012 working online at home best small business ideas and opportunities for 2012. work at home jobs online, careers best jobs in the world cool careers without college to work at home. Work at home business opportunities 2012 & full time jobs. small business marketing cool jobs and careers work from home jobs in nj for moms careers of the future For everyone small business ideas for 2012 working online. Advice on finding easy jobs in nyc that are available to do.
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What could be far better than an equities stocks and bonds investing company when working for oneself and building a business? Prepare your own money flow by making a note of investments you have made on various equities. If your investments bring in funds, then that becomes a business for you, regardless of whether you engage in it full time or not.

People always put funds in the marketplace as investment, but do not initiate as organization and it is left for the HNI (High net worth individual). The business shares that you own grow to be equities stocks, and a bond is a debt security. A bond is a debt which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity.

Each bonds and stocks are securities, but in the case with equities, one holds a part of organization. This is not the case with a bond, where you are just loaning the firm cash, to be paid back with interest at a particular time.

An equities stocks and bonds investing enterprise pays you properly in a couple of years. 1st, you do not use your own dollars to trade in the marketplace and second, you make funds as brokerage on every single trade. It is usually a win- win situation for each the investor and the company.

A company can not be run alone, so it is imperative that you hire great relationship managers who know about the technicalities of the market and have the commerce background required to study distinct company’s quarterly outcomes. You can also begin selling mutual funds of different fund types so as to start with and later grow equities stocks and bonds investing enterprise.

An equities stocks and bonds investing enterprise is perfect for individuals who are retired and are left with a substantial amount of retirement cash. This way, they have some time offered to study up on their investments, without getting tied down to a job or yet another organization they may possibly own.

Nonetheless, no matter how young or old you are, you undoubtedly cannot go wrong with an equities stocks and bonds investing organization just do your research, concentrate on 1 particular region, do not attempt to invest in to diverse of fields, and you will make great dollars wit h the marketplace.



About the Author

For more information onhow to acquire stocks, and suggestions forinvesting in the stock marketplace, visithttp://www.stock-investing-suggestions.com, a well-known web site that teaches how to make a fortune from your investments.










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www.reachd.com Rodney Bartlett interviews Google’s Matt Cutts at Pubcon 2007 in Las Vegas. Matt had some outstanding guidelines for modest business owners and answered a couple of great questions.
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President Obama speaks about the key role tiny enterprise plays in moving the American economy forward and the steps his Administration has taken to aid modest businesses grow and hire new workers in the course of a check out to Woonsocket, RI. October 25, 2010.