Posts tagged money

Seems like you can’t go anywhere online these days without coming face to face with a new conference opportunity, guaranteeing to change your business and your life. More often than not though, the only thing they can guarantee is taking your money. To find out if a conference is worth your time, ask yourself these five questions:
What do I receive for my conference dollars?
What is the conference format?
Who are the speakers?
What are my goals for attending this conference?
What will it truly cost me to attend this event?

From OPEN Forum’s “Hack the Conference Circuit: Getting the Most Bang for Your Buck”

Seems like you can’t go anywhere online these days without coming face to face with a new conference opportunity, guaranteeing to change your business and your life. More often than not though, the only thing they can guarantee is taking your money. To find out if a conference is worth your time, ask yourself these five questions:

  1. What do I receive for my conference dollars?
  2. What is the conference format?
  3. Who are the speakers?
  4. What are my goals for attending this conference?
  5. What will it truly cost me to attend this event?

From OPEN Forum’s “Hack the Conference Circuit: Getting the Most Bang for Your Buck

Business 101: Accounting is critical in knowing just how healthy your company truly is. Don’t know the difference between a balance sheet and a spreadsheet? This video is a good place to start.

Getting funding for your great business idea doesn’t rely solely on the largess and shrewdness of investors with venture capital. There are a number of other ways to get the money you need to get your business off the ground, including:

Corporate sponsorship. Corporate sponsorship isn’t right for everyone, but for some it’s a good way to help get your small business off the ground. Many large companies are willing to help fund small businesses if they are confident they can get something in return.

From OPEN Forum’s “5 Ways to Fund Your Small Business (Without VCs)”

Getting funding for your great business idea doesn’t rely solely on the largess and shrewdness of investors with venture capital. There are a number of other ways to get the money you need to get your business off the ground, including:

Corporate sponsorship. Corporate sponsorship isn’t right for everyone, but for some it’s a good way to help get your small business off the ground. Many large companies are willing to help fund small businesses if they are confident they can get something in return.

From OPEN Forum’s “5 Ways to Fund Your Small Business (Without VCs)

The 9 Types of Profits You Should Avoid

Not all money is good money when it comes to the types of profits you earn through your company. Avoid these nine practices and types of profits:

  • Upselling customers on products or services that are high-margin but not in their best interests
  • Using negative-option billing to automatically charge customers for services they may not need.
  • Employing hidden fees and charges
  • Eliminating all research and development expenses
  • Firing needed customer service staff
  • Inflating prices in exchange for offering overly generous payment terms
  • Capital gains on the sale of investments held by the company
  • Profits earned on discontinued products and services
  • Gains earned on the sale of company equipment

From OPEN Forum’s “When Profits Can Kill Your Business

7 Financial Numbers That Can Predict Your Business’s Success (Or Failure)

  1. Cash flow
  2. Net income
  3. Profit and loss
  4. Sales
  5. Price point
  6. Gross margin
  7. Total inventory

To learn how those numbers can help your business’s growth, visit OPEN Forum.

10 Untraditional Ways to Raise Cash Fast
There are any number of reasons why a business owner may find themselves strapped for cash, but there are just as many ways to find the funds necessary to keep you going:
Business cash advances
Deferred card payments
Loans from online loan sites
Crowdfunding
Microloans
Factor invoices
Credit from vendors
Sales and annual discounts
Home equity loans
ROBS programs on your 401(k)
Small Business Trend’s Anita Campbell explains the pros and cons of these fundraising options on OPEN Forum.

10 Untraditional Ways to Raise Cash Fast

There are any number of reasons why a business owner may find themselves strapped for cash, but there are just as many ways to find the funds necessary to keep you going:

  1. Business cash advances
  2. Deferred card payments
  3. Loans from online loan sites
  4. Crowdfunding
  5. Microloans
  6. Factor invoices
  7. Credit from vendors
  8. Sales and annual discounts
  9. Home equity loans
  10. ROBS programs on your 401(k)

Small Business Trend’s Anita Campbell explains the pros and cons of these fundraising options on OPEN Forum.

4 Reasons Why You Should Pay Yourself More ASAP

  1. To avoid being a crutch.
  2. To make yourself replaceable.
  3. To keep from resenting your business.
  4. To become more efficient.

To see what we mean, read small-business expert Mike Michalowicz’s take on the importance of paying yourself what you’re worth on OPEN Forum.

Crowdfunding is one of the many ways business owners can secure funds for their great ideas. But with hundreds of thousands of projects looking to sites like Kickstarter and Indiegogo for dough, it’s by no means a cash cow. That’s why you should read The Next Web list of the three common misconceptions about crowdfunding before you think about launching a campaign of your own.

Crowdfunding is one of the many ways business owners can secure funds for their great ideas. But with hundreds of thousands of projects looking to sites like Kickstarter and Indiegogo for dough, it’s by no means a cash cow. That’s why you should read The Next Web list of the three common misconceptions about crowdfunding before you think about launching a campaign of your own.

After losing all his money, this entrepreneur created a simple business management tool that has kept in the green ever since.

After losing all his money, this entrepreneur created a simple business management tool that has kept in the green ever since.

Now may be the best time for small-business owners to apply to two of the Small Business Administration’s most popular loans.

Now may be the best time for small-business owners to apply to two of the Small Business Administration’s most popular loans.