Tag: entrepreneur
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Ask the Expert: An MBA’s Guide to Cash Flow Analysis
Research from Bank of America tells us that of all the businesses that conduct yearly cash flow analyses and forecasts, only 36% succeed. That number jumps to 80% for companies that perform this exercise monthly. That begs the question: If performing a monthly cash flow analysis more than doubles a company’s chance of survival, why…
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The Importance of Work-Life Balance for Small Business Owners
Building your business from the ground up is a huge accomplishment, and with it being your passion, it can be easy for the barriers between your personal and professional life to begin to blur. Work-life balance can be a challenge to master, but there are a few ways to gain more of your personal life…
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How a Bookkeeping App Lets You Complete Bookkeeping Tasks in Minutes, Not Hours
As a small business owner, you’re starved for time. Seventy percent of small business owners say they’re even too busy to eat during the day. One significant time- (and lunch-) stealing activity? Bookkeeping. Forty percent of small business owners report spending 80 hours per year on accounting and tax prep. Manual tasks like categorizing transactions…
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How to Calculate ROI Before Buying a Business
Founding a startup company can lead to excitement and rewards. On the other hand, if you want a way to own a small business with all of the rewards and a little less excitement, you might consider buying an existing business. If you buy the right company, you should already have a customer base, revenues,…
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How to Evolve with Your Customers
Your business’s health depends on keeping customers and attracting new ones. But as new technology hits the market, the economy changes (hello, global pandemic), or your customers’ expectations change, how do you ensure that your business stays current? At Neat, we’ve faced the challenge of evolving with our customers more than once. And luckily, we’ve…
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7 Tips to Improve Your Small Business Communication in 2020 and Beyond
Internal communication is a key success factor for nearly 79% of organizations, and yet 29% of employees believe their current internal communication tools aren’t working. If you’re not focused on improving communication in your small business, you need to read this. Why? Well, for starters, a report by The Economist Intelligence Unit revealed that poor…
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Resources to Check Out for Your Woman-Owned Business
Women make up 38 percent of all businesses in the U.S. but tend to be underrepresented in the business world. The many hurdles they face, especially when it comes to receiving financing, make them have to fight harder than other entrepreneurs to succeed. If you’re a woman in business, there are a myriad of resources for women…
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4 Must-Dos to Safeguard Your Business Against the Elements
With the thick of winter approaching for much of the country, there are things SMB owners must do to ensure that the most important aspects of their businesses are safeguarded from the elements. These to-dos vary from region to region and industry to industry. While most people maintain insurance on their home or apartment to…
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4 Tips for When Your Business is Strapped for Cash
Running a small business can be unpredictable. Sometimes a client may be late in paying an invoice. Sometimes you hit an unexpected low season. Obviously, cash flow can be a huge problem for smaller businesses. In fact, according to a U.S. Bank study, 82 percent of businesses that fail do so because of cash flow…