How to do a Breakeven Analysis

Don’t run screaming because you don’t like numbers, it is vital to your business that you grasp some of the financial aspects of business ownership. If it really scares you request a Score Counselor to assist with the calculations. It’s […]Continue reading «How to do a Breakeven Analysis»

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Surviving the Financial Side of Business

The area of your startup that you can not leave to chance is the financial piece. Ignoring this area can certainly mean the failure of your business. So give yourself the foundation you will need to grow a financially successful […]Continue reading «Surviving the Financial Side of Business»

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Sales Forecasting for Small Business Owners

Sales Forecasting is a critical step that every small business owner should learn to assist him or her in making informed decisions about their business growth. Sales forecasting is the process of organizing and analyzing information in a way that […]Continue reading «Sales Forecasting for Small Business Owners»

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Does a New Business Need an Income Statement

The short answer is yes! The Income Statement provides a systematic method of recording estimates of sales, cost of goods sold, and expenses and deriving the profit or loss resulting from business operations. The Income statement is often referred to […]Continue reading «Does a New Business Need an Income Statement»

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Marketing: Plans, Strategies and Mix Marketing Plans (Part 2)

Marketing: Plans, Strategies and Mix Marketing Plans (Part 2) Step Two of the Marketing Plan is Your Marketing Strategies Last week we focused on the marketing plan now it is time to plan your strategy and marketing mix. When establishing […]Continue reading «Marketing: Plans, Strategies and Mix Marketing Plans (Part 2)»

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Marketing: Plans, Strategies and Mix Marketing Plans (Part 1)

Small business owners that don’t take the time to learn how to market and develop a plan are not preparing for success. Marketing plans contain the following seven topics: Situation Analysis (Based on existing conditions) Prepare a Strengths – Weaknesses […]Continue reading «Marketing: Plans, Strategies and Mix Marketing Plans (Part 1)»

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Starting a Consulting Business

Why work 8 hours/day for someone else when you can work 16 hours/day for yourself? Overview This post highlights the personal issues to be considered in becoming a consultant. What does it take? The two biggest surprises for a consultant are: […]Continue reading «Starting a Consulting Business»

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Starting Your Own Business

Want to start your own business? Our best advice to you is “Be careful!” Why? Because more than half of new businesses fail in their first five years of operation. And, with that failure, the owner incurs a significant loss […]Continue reading «Starting Your Own Business»

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Tax Treatment of Business Start-up and Organization Costs

Ready to start your business? Be prepared to follow the tax codes from the beginning and not get yourself into hot water. Here are the details you must know from the start. When you go into what is expected to […]Continue reading «Tax Treatment of Business Start-up and Organization Costs»

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Granting Credit to a Customer

Should business startups consider granting customers credit? Discover the key areas to evaluate before making the decision. Download the brief. Granting credit to a customer from ScoreCinci Need help establishing guidelines? Your Score Counselor can be a great free resource. […]Continue reading «Granting Credit to a Customer»

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