Do me a favor and raise your hand if your name is Walker and you are a Texas Ranger. Thank you. For those of you with your hand raised please disregard the following message. It is intended for people whose facial hair can not stop bullets. You my friend don"t need an apartment alarm. In fact you kind of hope somebody does break in. The rest of us hear the sound of breaking glass in the middle of the night and our hearts race and the hair on our...more
We feel sorry for you. Your firm is not in the service industry. They are the lucky ones with respect to inventory financing - there is no inventory! Unlike your business, which produces goods and carries inventory to meet customer order needs your services firms have no storage requirements!If your firm has an investment in inventory then financing for that asset is often, if not always, vital. Financing via bank credit lines for the inventory...more
We can hear our clients now! How possibly could working capital (isn't that cash flow?) be bad for my firms financial health. Let's talk about that.The technical financial folks define working capital as a very basic calculation that even the non financial business owner can do - simply deduct your current liabilities from your current assets ( from your balance sheet statement) and, voila ! Congratulations, you have working capital. Hopefully that number is a positive number, because when it's negative you're technically insolvent and that's a subject and solution for another day!Anyway, our working capital number is positive - that's good, right. Not necessarily, and that's the premise of our info we share here , because if you have positive working capital your funds are tied up in receivables, inventories and pre paid items .It is therefore very important to understand what makes up working capital, how you can monetize or cash flow it, and most importantly, but often totally overlooked , how you can measure business capital and working capital .The essence of measuring your working capital revolves around turnover, days sales outstanding, inventory turns, and payables days...more
Be successful in your life. You want to always have money in your pocket, and you may have already. You may want more than what you have right now. If you don't have what you need to be happy with your present financial situation, then you may want to invest your time and money in a business that will help you get where you want to be. A wealth...more
Try to envision that you simply need a company process to be finished. You employ a expert inside your nation that charges about a hundred dollars to obtain the job carried out. This can prove to become too costly for your business. What if you can get the career carried out, with the exact same high quality made by a person using the same...more
If you are considering in starting some business specifically a business on demolition services, then you better prepare for it well. There are many tools and equipment to use in a demolition service business. It's therefore important to prepare beforehand and know the processes in putting up a business. To get more information, read below.The first thing to prepare in getting into a business on demolition service is to set a budget. This will have to cover all the expenses in purchasing the tools and equipment. But, before all the buying, price canvassing should be done because discounts may be obtained. There are so many companies that produce good tools and equipment that is why it's not impossible to get discounted items.The next thing to do is to find a suitable name for the business. The name should be catchy, unique and easy to remember. A simple and unique brand must come with a company logo too. A logo that is easy to catch anyone's eye is easy to remember for many people than the company name itself.After securing the company's brand name and the logo, it's time to go and apply for business registration. Without registration, the state will not allow any business to open...more
It is a flooring store, Austin, Texas. And I found inspiration there. Literally. Dont know what do a tile store, Austin in Texas and inspiration have in common? I didnt know it, too. Until lately. Some weeks ago I came to Austin for a business...more
Social Media Marketing is one of the most effective ways in which to get your business seen to other visitors on the Internet. So many people are online nowadays that it is not hard to see why companies set so much emphasis on attracting clients and...more
The NFIB index shows that its August optimism index increased to 88.8 from July's 88.1, and while four of the index's 10 components rose, one was unchanged. The average measure in the five years before the economic decline was 100.6.Improvements were...more
In the crazy world we live in we get alarming implications about the future employment cutbacks and downsizings. Many need an small business opportunity.For those who possess writing skills, computer skills or a variety of marketable skills there is...more
Planning and preparation are the basic requirements to start your small business. Once you have everything set, as an owner you must do your part by mastering the skills needed in the field that you're getting in. As long as you have all the things...more
Has the thought of starting your own tee shirt printing business ever crossed your mind? If that's so, this article will assist you learn all you need to get started. Just like any individual looking to start their own tee shirt printing business,...more