Why Outsourcing Can Save Your Business Money

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The bottom line is always a big concern for small businesses.  The continual quest to cut costs and save money becomes a daunting task, especially when a company is already operating on bare bones.  As pocketbooks tighten, more and more businesses are turning to outsourcing to help reduce costs.  Let’s look at how outsourcing some of your business functions can help boost your bottom line. Here's why outsourcing can save you money:

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Invoice Discounting Vs Factoring For Small Business

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Does your business need to get its hands on more working capital? Have you looked at invoice discounting or factoring? In this post we look at invoice discounting vs factoring for small businesses:

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Five Tips for Savvy Entrepreneurs to Save Time and Money

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Money makes the world go around, but it’s also one of the biggest causes of stress — especially for entrepreneurs and small business owners. If you have a very small team or you’re running your business solo, it can be really easy to spend a lot more than you should, which is the quickest way to get into debt and lose your company. The number one rule to running a successful business is to be smart with your cash, time, and resources, so that you can invest yourself in better opportunities. Here are five tips to help you on the path to success. 

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5 Ways Small Business Owners Can Save Money

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When you’re a small business owner, it can be hard. You know that it’s a competitive landscape out there, many small businesses end up failing. 9 out of 10 startups fail, and that almost half of all small businesses don’t make it to their 6th year. Keeping an eye on the money is one way to avoid this, here are 5 ways small business owners can save money:

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Tips For Keeping Your Business Out Of Debt

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Many business owners operate under the mistaken belief that they must take on debt. They feel it it is necessary in order to have technology, make big deals, and make payroll. The fact is that debt will dramatically increase your risks, as far too many business owners learned the hard way during the recent economic crisis. It can be very tempting to take out business loans. Businesses that do not carry debt not only survive, but thrive. Let's look at a few tips for keeping your business out of debt

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Financial Tips That Every Single Startup Entrepreneur Needs To Know

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One of the biggest problems that people have when they launch a company is not controlling finances properly. A new entrepreneur will face various difficulties. Proper planning is always necessary to guarantee success. This means that you need to know all that you can about managing finances. Here are a few financial tips that every single startup entrepreneur needs to know...

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Six Other Ways to Finance Your Small Business

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You’ve got a great business idea, you’re motivated, customers are waiting and the supply chain is in place. But you can’t make progress because you really need money to progress. Aside from your bank, here are six other ways to finance your small business.

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A Quick Guide To Your Balance Sheet: Assets, Liabilities and Equity

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When you start your own business, besides the comparative freedom of life outside the cubicle also comes the added responsibility of being a business owner. Part and parcel of this is a responsibility to understand the numbers. Few business owners actively enjoy accounting, but all successful ones recognise its importance. Accounting is a key part of running a functioning business, and bookkeeping creates the records which make accounting possible. Here's a quick guide to your balance sheet: assets, liabilities and equity:

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Pros And Cons of Using Personal Loans for Business Purchases

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Becoming an entrepreneur can be a costly business! There are often numerous expenses to cover like buying a car, renting an office, hiring employees and so on. Funding your startup is one of the biggest challenges. Do you go the personal loan route or not? Here we are going to share a few pros and cons of taking a personal loan to start a small business.

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5 Tips for Managing Small Business Finances

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Professional financial management is essential for the success of any business that is just getting on its feet. Money matters are very crucial since the entire basis of the business is to generate an income. Here are 5 tips for managing small business finances:

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A Quick Guide to Small Business Insurance

A Quick Guide to Small Business Insurance

The skill set required to start a business may often seem to be juggling (countless to-do lists), fire-fighting and crystal ball gazing. Building a business can be extremely rewarding, but without adequate protection in place the shiny new empire may be left vulnerable. From day one as an entrepreneur it is essential to have the right business insurance in place. Here is a quick guide to small business insurance:

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What Every Small Business Owner Needs to Know About Finances

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As a small business owner, planning and understanding finances is usually a bit overwhelming if you don't come from an accounting background. While it is easy for salaried employees within established large businesses to have exact answers to questions like, ”How much is my monthly net income”, for small business owners the answer is usually “It depends!”. Here's what every small business owner needs to know about finances:

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6 Tips on Small Business Finance

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An organisation’s access to capital can be the difference between success and failure. You have to be clear about what you need the finance for and the type of finance you are looking for. Read on for 6 Tips on Small Business Finance:

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Alternative Financing Options For SMEs (Other Than Your Bank)

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As well as your bank, if you are raising finance then there are other avenues out there to help find funds and supports to finance your business. Here are a few alternative financing options for SMEs (other than your bank):

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7 Tips for Better Invoicing for Start Ups

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Invoicing is among the most important aspects of operating a small business. However, it can be such a big hassle at times - particularly if you are a start up company and new to the process. Here are 7 tips for better invoicing for start-ups:

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7 Vital Tips If You are Asked For a Personal Guarantee

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Let’s face it, no business owner relishes the prospect of providing a personal guarantee. As a small business owner I know the slightly sinking feeling of signing on the dotted line and the "what if’s" that run through your mind. However Personal Guarantees are simply a fact of life. Here are 7 vital tips if you are asked for a Personal Guarantee.

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6 Common Money Mistakes Business Owners Make

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Chances are, you started your business because you’re ambitious, you have big ideas and a clear vision of how your company will look when it’s thriving. While all of these traits are important – essential, even - in a business owner, the nitty-gritty of day-to-day management and attention to unglamorous details can prove just as crucial if your business is to survive through hard times as well as the glory days. Here are 6 common money mistakes business owners make:

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Financial Management Tips to Keep the Cash Flowing

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There are so many intriguing layers to running a business. Though you may have the best products and services in your industry, they all mean nothing if you can't properly manage your cash flow. You need cash to adequately market your products and services, hire and pay staff, manufacture and produce results, and provide customer service. If your cash is always tied up in one aspect of business or another, your business stands to become stagnant. To avoid this common pitfall, here are some tips on effectively managing your cash flow:

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Small Business Credit Cards – Should You Use Them or Not?

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As an owner of a small business it is quite likely that you would have been at the receiving end of numerous credit card offers for running your business. It is worthwhile to consider the utility of credit cards for obtaining a line of credit and compare it with others available to you. Interestingly, credit cards have already emerged as the single biggest form of finance for small businesses. Small business credit cards - should you use them or not?

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What is Invoice Finance?

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Invoice Finance is a flexible and revolving facility that provides funding to companies who provide trade credit to their debtors, the funds can be used for a variety of purposes such as working capital, negotiation of better terms with suppliers or as part of a funding package to acquire a business. The facility funds the company in the period from issuance of an invoice until their debtor makes payment – essentially it allows the company to release funds tied up in the working capital cycle.

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