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4 Reasons to Ban the Yearend Bonus

4 Reasons to Ban the Yearend Bonus

Sure, nobody wants to be labeled a Scrooge. But if you’re among the roughly 50% of U.S. businesses (and shrinking) that still offer traditional yearend bonuses, it might be time to join the 21st century – and plan for something different in 2013. Too many small business bonus plans operate on autopilot, under “conventional wisdom” […]

A Financial Statement Cheat Sheet for Business Owners

A Financial Statement Cheat Sheet for Business Owners

This is about financial statements. I’m sorry, but stay with me. Sure, social media would be a far sexier subject.  But hey, if you ever file a tax return (and you’d better), need bank financing, angel investors, venture capital or a loan from friends and family, these are things you must know. The fact is, […]

A Secret Cash Stash for Small Business Growth

A Secret Cash Stash for Small Business Growth

What does your growth-minded small business have in common with Apple? Not much, perhaps, but here’s one thing:  The multi-gazillion dollar tech company got early funding from a unique type of investment firm called a Small Business Investment Company – and so could you. SBICs are high-powered but low-profile backers of small businesses, pumping over […]

How to Get a Small Business Line of Credit

How to Get a Small Business Line of Credit

If you’ve had trouble getting a small business loan or other types of bank credit or financing for your business or startup, here’s something that might work:  Apply for an unsecured small business line of credit. Start small – basically with whatever size line a lender is willing to provide.  The important thing is to […]

A Customer Lifetime Value Cheat Sheet for Biz Owners

A Customer Lifetime Value Cheat Sheet for Biz Owners

Understanding the value a customer has to your business over time is critical to making smart, cost-effective marketing decisions. Getting this right can light up your bank account. It will help you know: What market segments to target first How much you should be willing to spend to acquire a customer What types of customers […]

10 Small Business Predictions for 2012

10 Small Business Predictions for 2012

Technology shapes how small businesses survive and thrive, and 2012 will see record numbers of small businesses harness the power of technology and especially new online productivity tools to grow their businesses. Jerry Nettuno, founder and CEO of Schedulicity, which is one of those online tools, shares his small business predictions for 2012:  1.      Daily […]

How Business Owners can Fight Rising Fraud

How Business Owners can Fight Rising Fraud

 “Back office” and other types of financial fraud are rising at U.S. companies, and are hitting small businesses especially hard. Fraud experts point to the lingering effects of recession, cutbacks that have eliminated financial checks and balances at many businesses, and simple complacency as key reasons. According to Joseph Wells, a CPA and founder of […]

4 New Small Business Tax Surprises

4 New Small Business Tax Surprises

Here are two words small business owners seldom like to see together: “taxes” and “surprise!”  Trying to cope with overwhelming complex tax laws is hard enough without the occasional grenade the IRS tosses across the moat.  But BizBest figures you’d rather know now, before getting a notice in the mail.  Here, then, are tips on […]

How to Get a Small Business Loan without a Bank

How to Get a Small Business Loan without a Bank

Unless you carry gold-encrusted financial credentials, many banks and credit card companies no longer want you as a credit customer. But that’s okay, since many credit-worthy (as well as credit-challenged) customers are turning to online “peer-to-peer” (P2P, or person-to-person) loan sources, and are proving they no longer need a bank. Web-based P2P lending is booming. […]

Beware New Small Business Credit Score System

Beware New Small Business Credit Score System

Without warning, millions of small business owners seeking loans or other credit from banks, vendors, corporations, finance companies and trade creditors will now be subjected to a new automated business credit scoring system that aims to reduce lender risk and eliminate manual reviews of small business loan applications.  The new small business credit scoring system […]