The generation of people who were born between 1946 and 1964, the baby boomers, are gradually phasing out of the workplace. They are retiring in large numbers and many of them will require special care and services in retirement. This has created a business opportunity for people who can provide healthcare services. How do I start a successful home care Business?
Business Capital is the most critical component that fuels your company and keeps it safe from sharks in the banking world. Without it, organizations can’t grow. or you may be bootstrapping your startup, but how do you figure out how much cash a company needs? Continue reading How Do You Figure Out How Much Cash a Company Needs?
A business plan will help you see the bigger picture and make vital decisions concerning your business. Where do you start and How do you write a business plan for a startup? Continue reading How do you write a business plan for a startup?
Guerilla style bootstrapping is one of the most common paths aspiring entrepreneurs take. No matter what kind of business you’re in or whether you succeed or not: everyone respects those who put in the hustle. Bootstrapping is a romanticized idea. But, even though it can help you make it big, it also has its pitfalls. Here are the pros and cons of bootstrapping. Continue reading Pros and Cons of Bootstrapping Your Startup
Profit is used to drive growth, which is one aspect to your cash needs. But what are you going to do with the excess cash from your business? Your options include purchase assets, spend it on various expenses, hold it in an investment account, pay down debt, or give it back to the shareholders. Do you have a Return on Investment plan for your capital? Continue reading What Is Your Business Return on Invested Capital?
One important topic on finance processes is knowing how to manage working capital. Working capital is the money it takes to run your business on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials and the money needed to pay for the goods and services (i.e. inventory and payroll) you have used while you wait for your customers to pay you. Continue reading How to Manage Working Capital
What Would You Do with $1,000,000?
With $1 Million saved in your business would you:
- Pay off debt?
- Purchase new equipment?
- Invest/save for the future?
- Give yourself a bonus?
- Buy a new car, boat or plane? Continue reading How to Find Capital Using Inventory Procedures