article thumbnail

7 Ways to Improve the Financial Management of Your Business

The Startup Magazine

Adopting best practices and implementing effective tools and strategies can streamline your financial processes, reduce costs, and improve your bottom line. 1. While most businesses are aware of high-level expenses, they are typically unaware of what’s costing them money daily.

article thumbnail

Thinking of Filing for Bankruptcy Due to COVID-19? Here’s What to Consider

Women Entrepreneurs Can

Bankruptcy hit companies that seemed infallible. Plenty struggled to cope during the pandemic, and plenty turned to bankruptcy when it seemed that they just weren’t going to make it through this obstacle. But bankruptcy is a big decision, with lasting consequences – consequences that can’t be taken back.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Flexible VC, a New Model for Companies Targeting Profitability

David Teten

In all these cases, capital is provided to fuel forecasted growth without creating a commitment to a particular vision for future funding rounds, exit goals, and associated blitzscaling. That said, nothing is cost-free. More complex cost of capital calculation. The State of Flexible VC. Flexible VC. Venture Debt.

article thumbnail

How to Pitch, Plan, and Track Your Business with LivePlan [VIDEO]

Up and Running

I am here to talk about LivePlan and give you some big picture information on business planning, forecasting, how to really kick your business off in the best possible way. Budgeting and forecasting, it’s not rocket science. You can’t forecast. I don’t know how to forecast. Good morning.

article thumbnail

13 Of The Biggest Mistakes Entrepreneurs Make (That May Not Seem Like Mistakes At All)

YoungUpstarts

Or a key vendor declares bankruptcy. Sometimes that sabotage might cost you ‘only’ a customer or a sale… but over time, a few customers here and a few dollars there can lead to your closing your doors forever. As a small business owner, of course you’re going to try to cut costs and stretch the budget wherever possible.

article thumbnail

Lean Management: 3 Things Your Business Can Learn from Toyota

Transformify

From automated QA tests to seamless checkout process to standardized customer support, it will save time, cost and effort and keep your customers happy. No one expected Kodak to file for chapter 11 bankruptcy protection in 2012. Have you ever wondered why most enterprises, if not all, have standard operating procedures ( SOP)?

Lean 56
article thumbnail

What To Know When Starting Your Own Dentistry Practice

YoungUpstarts

Creating your own business plan can help you forecast possible problems that can happen in the future and come up with the necessary solutions as early as possible. This can include costs on labor, insurance, and materials. Outsourcing these services might require money from your pocket, but doing this is actually cost-effective.