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Startup Tips

The 4 finance-related areas where businesses need the most help

Find out what makes the company tick and how to measure it.

Q: What are the first repairs you make when hired as CFO (Chief Financial Officer)?A: Despite every business owner’s belief that no one can operate their company quite like they do, the issues I first tackle with each new job have been remarkably ...

by Joe Worth  | May 15, 2016 03:00:00
Startup Tips

5 stupid things that companies do

Stupid thing no. 1: Not promoting from within.

As an entrepreneur, it is easy to fall into the cliché of not seeing the forest through the trees. That often shows up in the form of doing really stupid things in your business that you would probably tell another business owner ...

by Carol Roth  | March 18, 2016 05:00:00
Business Ideas

Understanding financial statements

This is the instrument panel of your business that reports on managerial success or failure, and that flashes warning signals of impending difficulties.

You may not be interested in the technicalities of record keeping or the procedures for preparing financial statements, but you should at least understand and know how to use them if you are running your own business.[related|post]Financial statements are the instrument panel ...

by Bay Cabrera  | June 07, 2013 10:00:00
Business Ideas

Show me the money

Are you raising capital the best and fastest way possible?

Are you raising capital the best and fastest way possible? Other than using your own savings, you can fund your business by borrowing from family and friends and applying for bank loans. Borrowing can be tricky though, especially when it involves personal ...

May 28, 2013 02:00:00
Startup Tips

How to limit your bad debts

Decide on the credit worthiness of your prospective customers. Know their paying ability, credit record, and the maximum credit you are willing to provide them.

Most companies sell on credit without charging a fee for the service, and this gives rise to “accounts receivable,” the asset account in the balance sheet representing the total of all outstanding credit sales.Normally, a company will extend credit to a customer ...

by Bay Cabrera  | October 08, 2012 02:00:00
Startup Tips

Check that cash crunch

Q: I’m currently having a cash crunch and I don’t have a lot of fund sources to turn to. I’m thinking of either delaying payment to my suppliers or delaying my employees’ salaries. What do I do?A:Before you start thinking of doing ...

by Henry C. Ong  | August 30, 2012 01:00:00
Business Ideas

Raising cash for your startup

Do you have the motivation and the idea for a business but lack the cash?

Do you have the motivation and the idea for a business but lack the cash? Getting the funding to start or expand your business is a hurdle for most aspiring entrepreneurs. You can try borrowing money from relatives and friends, the bank ...

by Entrepreneur Staff  | April 26, 2012 06:00:00
Startup Tips

The basics of understanding financial statements

Monitor the financial information submitted by your accountants

An entrepreneur needs to develop some sense of control the company finances. One form of control you can exercise is to analyze the financial information generated by your accounting system. The data in your financial statements can regularly provide you with valuable ...

by Henry Ong  | September 17, 2011 10:00:00