Tweak Your Biz » Finance

Handling your money can seem like a complex puzzle at times. However, doing so is important if you want to manage your money well and make it grow. And although taking stock of your finances may make you rack your brain, do the tedious number-crunching, and get into the nitty-gritty of your finances, you’ll see that it’s worth the effort as you will be left with some extremely crucial information about your wealth. Whether you make a lot of money or lesser than you want to, one of the best…

Do you own an online business? Have you ever wondered how much money you could sell it for? While the basics of valuation are the same whether a business is offline or on, one thing is different with online businesses. They are easier and cheaper to start than brick and mortar businesses. And because they are easy and cheap to set up, potential buyers always have the option to start their own online business instead of buying yours. It’s not 1997 anymore. Just having a web-based business…

As some of the contributors to this blog have noted, cash as a payment method has largely been usurped by more convenient, trendier payment methods – namely credit cards in their many forms (present, non-present, mobile, digital wallet, etc.). As consumers and other businesses demand credit card acceptance, businesses have (begrudgingly) acquiesced to those demands and put credit card acceptance procedures in place.  For many businesses, those procedures run more like three-ring circuses…

Financing a small business has become easier with the rising popularity of crowdfunding. Almost every day we hear stories about crowdfunding where people raise thousands or millions of dollars of funds online for their businesses. There has been a lot of chatter out there about online business funding and hundreds of crowdfunding sites are popping up nowadays. However, not all have real communities, investors and success stories under their belt. Therefore the question arises: Which…

Many businesses find themselves suffering cash flow problems at some point. This can arise as a result of trying to grow the business, but not having the necessary cash, or simply relying on the receipt of a book debt to pay the wages on a Friday. Nobody likes dealing with the time-wasting and energy-sapping telephone calls from creditors. The depressing drive to work in the morning, knowing the problems that are going to be faced that day are probably the same as yesterday, last week, last…

For someone who is not well versed with the stock trading stuff, it all seems gibberish. There is some graph that’s constantly fluctuating by some amount starting at 9am in the morning and ending at 4:30pm – 5pm in the evening. The whole world has its eyes on this little graph that defines whether the economy is growing or contracting. You may also have heard about stock traders who make their living from these fluctuating stock markets. The graphs that we are talking about represent the…

If you are looking to start a business, one of the most critical components of your business plan is likely to be acquiring sufficient funding to carry you from inception to your first sales and profits. While some new enterprises are good candidates to attract investment capital, the vast majority of new businesses in the United States aren’t “sexy” enough to attract money from Silicon Valley or Wall Street. Of the more than 600,000 new businesses that are started each year…

One fact of business life is that you will at some point have to pay tax on your business profits. You will often have to pay tax in the form of insurance contributions for employees and, of course, sales taxes. It is normal practice for a business to recoup its sales tax or Value added taxes from the tax authorities, meaning the end user or customer ultimately pays it. However problems can sometimes occur when a business has charged the taxes to the end customer but has not paid over the taxes…

Bank lending to British businesses fell dramatically after the financial crisis of 2008. Quite understandably, with the threat of having its balance sheet ripped apart, high street banks became cautious in offering credit to the vital SME sector which accounts for 99% of all private sector businesses as well as employing 14.4 million people every day. Thankfully, the alternative finance market has reacted incredibly but SMEs need to be aware of the alternative business funding options which do…

  Is ecommerce the enemy of high street business? Despite fears that online shopping will kill bricks and mortar businesses, for the smartest SMEs integration between the two offers a way to get ahead of the competition. Some of the most recognisable high street names are already knitting ecommerce tactics into their business strategies. Electronics specialist Maplin are planning on increasing the interconnection between their online and offline offerings, including a live video tutorial…