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Dealing With Late Payments from Customers

August 20, 2012

No matter what kind of business you are in, undoubtedly you have had at least one late payment. The problem is as old as time itself, but unfortunately it has become even more common during the economic downturn. People everywhere are having cash flow problems, so almost every business has to wait longer for customers […]

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6 Ways to Negotiate Better Prices from Vendors

July 8, 2012

Every business owner wants to get better prices from their vendors, but few even realize that this is possible. They receive their invoice every month or week and pay the balance religiously. But there are plenty of suppliers out there, so why shouldn’t you get a better price? Here are six ways you can angle […]

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How Outsourcing Can Help You Control Business Costs

June 4, 2012

Outsourcing has become one of the most important ways for business owners to find professionals to handle parts of their business that they don’t necessarily need someone to do full time.  The process involves contracting out some of the functions of your business to someone else so that you can grow your business rapidly without […]

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How to Manage Your Cash Flow

March 16, 2012

When you’re running a business, your cash flow is critical.  There is much you can’t do without cash in your pocket, and even more that simply isn’t advisable to do without cash. Here are 14 tips to help you manage your cash flow better: Keep an eye on your budget at all times.  You’ll be […]

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Tax Planning Begins Now

December 2, 2011

Current tax rates are likely the lowest we will see in our lifetimes. At some point, burgeoning budget deficits and ballooning costs of social programs must be paid. Expect tax increases. For nearly all business owners contemplating a business exit, this prediction means that the tax bill due on the exchange of your ownership interest […]

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