Tweak Your Biz » Finance

Let’s say life has been good so far – a solid education, marrying your college sweetheart, a satisfying and high-paying job that even leaves you time to pursue hobbies. To top it all, you just made the down payment on your dream home. Things seem to be falling perfectly into place, so you decide it’s time to take the next big step and have a baby too! Then all of a sudden, there’s an unexpected crash in the stock market, and the organization you work for crumbles so bad that you…

Big bucks are the next big thing you need when you are in the midst of setting up your own business start-up. Lack of financial support has always been one of the first hurdles entrepreneurs need to overcome when trying to successfully run a business. However, it is certainly not the last thing you should be worrying about the most. Entrepreneurship has always been an exciting adventure for any business start-up owner and so what if you can’t bootstrap your business with the necessary…

Bankers and other traditional lenders often turn to what they call the “Five Cs” when they’re evaluating a potential small business loan customer. The “Cs” answer many of the questions a banker might have about a borrower and are pretty easy to remember. While they harken back to a time before lenders could leverage technology to make decisions about you and your business, I think they are still a good place to start an internal assessment of your ability to secure a small business…

Automatic pension enrollment has been rolling out in the UK for a couple of years now and has received a mixed reception from employers and employees alike. First to implement the change were large private sector employers, followed by public sector employers, followed by small and medium-sized enterprises who are rolling out pension auto-enrollment at the moment. So far, opt-out rates have been very low. The government now only expects 15% of employees to opt out, rather than the 30%…

If you owe a large amount of taxes to the IRS, it can seem disconcerting. How will you ever pay back that $10,000 or however much you owe? Many people are unaware of the five strategies that the IRS offers for taxpayers to make good on their debts. If you do owe less than $10,000 you can settle the case on your own; however, if you owe more than that, you should enlist the help of a tax professional to aid you in getting a handle on what you owe without putting yourself into financial…

A small business faces multiple constraints for some time after it starts its operations. At least, it faces these constraints for some years before it gets out of the red, depending on several factors. Almost every constraint originates from the paucity of cash. Issues with cash supply can jeopardize your business plans. Small business loans can solve this problem in the short term as they enable you to fulfill your immediate cash needs. Such loans can be helpful if you manage them well.…

LEGO has been enjoyed by millions of children and families around the world for decades, yet the company behind the brand was on the verge of going bust in 2003. It’s hard to believe that such a ubiquitous product very nearly disappeared. Fast forward to 2015 and the privately owned company is now the largest toy maker in the world, having overtaken Mattel in the US. So what happened and can other businesses learn from LEGO’s experience? Let’s start from the beginning… The…

There is never a bad time to focus on ways in which you might look to improve or optimise your business operations. Even small changes can make a big difference over time and when fine margins matter. With that in mind, here are a handful of tips on how you might be able to tweak your business to deliver better performance and more optimal outcomes. #1. Protect your cashflow At times, running a business can feel like a constant battle and a process of dealing with one financial challenge after…

As the internet becomes a more useful medium than ever before, business is thriving. With millions of people connecting every day to search for answers to various questions, find the products that they need and seek out services, it has become obvious that in order to be a successful business today, you must be online. Communications tools and online programs are growing more innovative every day, and businesses of all sizes are taking advantage of easy expansion to enhance their market and…

If invoicing is something your business has much experience with, you know it can be a hassle. The more of a hassle it is to send out an invoice, the longer it takes to get it out to clients. If you can send out invoices within several days of job completion, the odds are much higher you will get paid and get paid in a timely manner. However, if your invoice does not get out until a week or two after the job is complete, your customer will respond in kind, generally taking quite a bit longer to…