POSTS TAGGED : budget

Small Business Budgeting, Insurance Renewal Checklist

Business insurance is designed to protect you against unexpected and unmanageable losses, but it can’t do that if you don’t keep your policies up to date. Although the laws and regulations regarding insurance coverage are many, and at times can be confusing, it’s important to make sure your policy is up to date at least once a year.

Small Business Budgeting, Insurance Renewal Checklist

The following questions will help you know what information to collect before renewing your policy.

  1. Type of Business – Has the type of business you do changed since you started? If you’ve grown your business to include a new industry, or have taken on a partner, you may not have sufficient coverage.
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What Small Businesses Need To Know About Rolling Forecasting

Budgets are no longer unchanging entities. In the midst of the information age, with transactions moving faster, business spanning the globe, and technology providing helpful tools to re-plan and re-think budgets, many small businesses are adopting a new way of thinking about their financials.

What Small Businesses Need To Know About Rolling Forecasting

Conventional budgeting wisdom offered this guidance to small business owners: create a budget and don’t stray from it. An article from CFO Magazine points out that traditional budgeting is expensive, time-consuming, and quickly becomes out-of-date within a few months.

The benefits of rolling forecasting are vast, but overall, the methodology allows small (and large) businesses greater ability to adapt to what many people say is a volatile financial environment.…

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Five Ways New Business Owners Can Save Money

5 tips for cutting business expenses

Starting a new business is a gamble, especially in the current economic climate. You might have a winning concept, excellent leads and the drive to succeed, but how do you keep your business afloat until the money rolls in?

1. Review Your Bills. There’s no need for both landlines and mobile phones – cut out the landlines and call clients from your office for free with Google Talk. Your insurance plan is another area in which you could cut costs, at least temporarily. Go with a plan that offers a higher deductible to cut monthly premiums.

2. Shop Smart. Planning ahead when it comes to shopping is critical.…

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Marketing Like A Kung Fu Master

When 18 year old Bruce Lee arrived in America in 1959 he had several things working against him. He only had $100 in his pocket, barely spoke the language, and had no employment prospects. However, he did have an insatiable desire to bring his love of the martial arts to all Americans.

Determined to introduce Americans to his style of martial arts, Lee didn’t allow the lack of a marketing budget deter him getting his message out. In fact you may consider Bruce Lee a marketing pioneer in that he mastered the art of free demonstrations long before infomercials gained popularity!…

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Frugal Business Spending: A Must In A Tough Economy

frugal business spendingIn these tough times, the biggest impact of the economic downturn is being felt by the small business sector. This is largely because of the fact that there are fewer resources available to counter the effects of an uncertain economy. The best way for a small business to thrive nowadays is by cutting costs. Practicing frugality in your business does not mean that you are sacrificing the quality and service level of your company. Cost cutting on certain aspects of your business could just be the economic stimulus needed to let you bounce back from an economic spiral.

Basically, there are six areas you can start spending less on but still retain the quality of your products and services.…

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