Cash Flow Management Tips for Small Business Owners
Are you launching your first business? Being a business owner has its challenges, but the waves of technological advancements do make operating a business much easier for anyone. Consider the following 5 business technologies that could help you leap toward an incredible start.
Storing data on the BizCloud rather than tangible servers eliminates the cost and hassle associated with data hardware. Along with reducing technology costs, BizCloud also ensures convenience and reliability
Facebook announced Monday it will offer up to $10 million in free Facebook advertising to US small businesses in cooperation with the National Federation of Independent Business (NFIB) and the U.S. Chamber of Commerce. The company says that the goal of the initiative is to “invest, educate, and connect” with small businesses across the States.
Starting in January 2012, Facebook will give businesses up to $10 million in free Facebook ads with the goal to award 200,000 US small businesses with a $50 boost.
CIT group, a nation’s leading lender to small businesses, has filed for Chapter 11 bankruptcy protection. The bankruptcy was expected, since the company was struggling for months to avoid it, and came very close to declaring Chapter 11 bankruptcy in July 2009 after the Treasury rejected the CIT’s request for additional bailout money, but was rescued making the agreement with the bondholders group. The lender filed for bankruptcy on Sunday, after the debt-exchange offer made to CIT’s bondholders failed. Company’s bondholders opted for a prepackaged reorganization plan which will reduce its debt by $10 billion and allow it to continue doing business.
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By a definition, a family business is a business in which one, two, but often much more, members of one family have a significant ownership interest, together with responsibility commitments towards the business.
Family company is not necessarily run by members of one family. It can be owned by unmarried couples or friends. There are also small businesses which are ownership of two families, of two individuals whose relatives become employees. In these cases it is very important to document your business relationship in a formal business-partnership agreement. The document should include duration of the agreement, partners’ capital contribution expectations, and divisions of profits and losses.
It is a grim reality that more and more people are losing their jobs every day, and that there are no attractive job opportunities waiting for them. The options for those people are either to start their own business or buy a franchise. Franchisers argue that their proven business model offers people a bigger chance to succeed than starting a small business on their own.
When the economy is in the slump, all the scam artists come out to play skilled and ready to take advantage of people desperate for an opportunity. The way they operate is that, at first, they just observe the situation to find a weak spot where they can hit with a biggest probability for success.
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