Business Capital Needs Businesses need additional capital for many reasons. This article reviews some of those reasons. Opportunities to Save Obtaining better Equipment which will lower production costs, stream line operations, and results in decreased operating expenses. Taking advantage of Quantity Discounts or Increasing Stock prior to a supplier’s price increases, to realize substantial savings on your Inventory Purchases. Start Up, Growth and Expansion Take advantage of developed Opportunities. Growth translates into a larger volume of Receivables and bigger inventories. Need to hold larger sums of Cash to meet obligations with outside vendors and inner...
Read MoreProduct Development is Important But Good Employees are More Important As seasoned Business Plan Writers, I find company principals who put their investments into everything but good employees. They often times think that product development, marketing and advertising are more important. But is it? This is centered on the thinking that investment in these areas bring business profits. This is only part true. Reinvestment into a company is vital. However, the best investment a company can make is in its employees. Without good employees executing the strategies of the company, all the investment in marketing, advertising and product development is...
Read MoreThe Internal and External Applications of a Business Plan for your Company Marketing Plan is the most important and often overlooked part of running or starting a business, expanding an existing business or obtaining finance for a business. If a Business Plan is developed effectively, the success rate for the purpose of the plan rises exponentially, whether it is to start, expand or run a business, and / or obtain finance for the business. If a business plan is well thought out and developed then it leaves less room for errors and failure. You can not predict everything that will happen in a company’s future, but a good business plan will help avoid...
Read MoreAs you may know we are holding a special workshop during the Office of Economic and Workforce Development’s Workforce Forum next Wednesday, April 13 at 9:15am specifically for employers, where they will learn about lots of programs and services that can help them hire for less, get tax credits, and access other City resources to help them Survive and Thrive. I need your help in reaching out and making sure that YOUR valuable employer partners are there so that they don’t miss out on this important information, and the ability to talk directly to people who can help them! Please cut and paste the info below into an email and send it to your employer...
Read MoreInstall the IRS Calendar Connector and access Important Tax Dates for Small Businesses right from your desktop, even when you’re offline. As new events are added, they will be automatically updated via the desktop tool. This customizable tool allows you to specify what types of events you wish to view (general, employer, excise, or all) and how you want them displayed (by day, week or month). Click here for the calendar tool. Related articles IRS Publications (turbotax.intuit.com) IRS Notices – IRS Letters – What You Should Know About Them (flatfeetaxservice.wordpress.com) How to Check for Unclaimed Tax Refunds (turbotax.intuit.com) A Guide to...
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