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Even in the calmest financial climates, cash flow management for small business owners can be a daunting task that’s tricky to get right. Get it wrong, and a business that’s technically turning a profit can suddenly end up cash-poor.
The good news is you don’t need an accounting degree to accurately forecast cash flow. There are plenty of user-friendly management tools to choose from, which you can tailor to meet your specific needs. Here are some tips for picking the right option for your business.
Identify your unique needs
There’s no one-size-fits-all policy to cash flow strategy. Each business has its own natural fluctuations, which can depend on a number of variables. It’s vital that your cash flow management tool takes all those things into consideration, whether it’s allowing you to factor in slower-revenue months, to the percentage of customers who refuse to pay up or simply having the freedom to choose the frequency of your projection reports. Having your dream list of personalized options ready while shopping around for a cash flow system could save you a lot of wasted energy (and money) after the fact.
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Intuit is awarding one lucky small business the opportunity to have a 30-second TV advertisement during football’s biggest game on February 2nd as part of their “Small Business, Big Game” competition. They’ve got four finalists, and now you can learn more about each one.
- Barley Labs, of Durham, N.C. – Produces all-natural dog treats
- GoldieBlox, of Oakland, Calif. – Is a toy company inspiring girls to push limits
- Locally Laid Egg Company, of Duluth, Minn. – Raises healthy hens on pasture
- POOP – Natural Dairy Compost, of Nampa, Idaho – Produces natural and odorless dairy manure
Watch the finalist videos above and learn more at SmallBusinessBigGame.com. Keep an eye out during the Big Game on February 2nd to see the winning ad!
We’ve all had one of ‘those’ emails drop into our inboxes—the kind that make steam start to come out of your ears! Well, you may be unintentionally causing the same reaction in your readers because of a few mistakes…BUT the good news is that they’re easy to correct! We’ve picked out 5 of the top things that email newsletter readers hate, and how to avoid or fix the issues.
Watch the video and read more tips at www.constantcontact.com.