Small business finance issues are central to success. Why? Because without proper financial management, most businesses, no matter how much revenue they generate, would be doomed to failure. So, we’ve assembled this collection of small business finance information to help you manage this most important aspect of your company. Enjoy!
Small business financing still big issue with local chambers. Take this announcement for a seminar on small business financing to be offered by the Anderson County Chamber of Commerce in Clinton, TN. Finding ways to allow operating small businesses and startups to access business financing has become a major focus among small business advocates. How important and realistic is a quest for better business financing in today’s economy? What alternatives exist? knoxwnews.com.
Cash flow issues key problem for small business. A key problem with small businesses continues to be cash flow, says a recent study from American Express OPEN. The survey says concerns over cash flow remain even as many small businesses move into growth mode after a long struggle. Possible explanations? gaebler.com
Could the strength of local economies impact small business lending? That may have been exactly what did happen in Massachusetts where, according to recently released data, small business lending fell far less during the economic downturn than it did nationwide. The reason, states a story on the topic, is that a strong local economy had a direct impact on the amount of small business lending being approved. Boston.com
Rapid growth puts strain on finances. When small business owners fail to properly anticipate how fast their companies will grow and then over-commit as orders or clients roll in, the result can be high employee turnover and poor cash flow. Talk about being a victim of your own success! Here’s more on the topic for you to consider. Sydney Morning Herald
Help your customers finance your products. Want to sell to a customer who may not have the money right up front? Why not help them finance their purchases with a program extending credit on your latest product or service? See how one company is already doing this on a truly massive scale to open and secure a huge market. Could you do the same? The Economic Times
Funding your small business with a 401 (k). Read one entrepreneur’s startup story using this increasingly popular approach to funding. When banks (and every other traditional financing option open to entrepreneurs in the past) seem to be failing to meet the need, some perspective small business owners have turned to a more creative approach. Warning: This approach is somewhat controversial and has apparently resulted in greater scrutiny here in the U.S. from the Internal Revenue Service.WSJ
Tax decisions that could cause you grief. A big part of the financial planning for your small business these days must, out of necessity, involve planning for small business taxes. Unfortunately, some decisions recommended by financial advisors may, from time to time, cost you more in trouble with tax authorities than they will save you in terms of reduced taxes. Beware. Massachusetts Society of Certified Public Accountants
Avoid the tax gap squeeze. As the tax season comes upon us, it may be helpful to remember the importance of financial management for your business as far as changes in the tax code are concerned. Here in the U.S., it should come as no surprise that tax restructuring can sometimes impact small businesses disproportionately. Here, Small Business Trends founder Anita Campbell talks about how to avoid one such “squeeze” awaiting some small businesses and how to take your business out of the vice. Open Forum
A bailout for small business? A bit of wishful thinking here about how to make bailouts serve small businesses, the real engines of economic recovery, has Scott Shane, Professor of Entrepreneurial Studies at Case Western Reserve University, speculating about the shape of a bailout that would really work. The first steps: study the private company credit market and figure out a policy that will keep banks lending even in the depths of a recession. Bloomberg Businessweek
Why “broad-based” tax cuts are the real key to helping small business. Jeff Cornwall, professor of entrepreneurship at Belmont University, has these thoughts about a proposed bill to give tax breaks to angel investors who provide capital to startups. Jeff has repeatedly argued, along with other experts, that tax cuts for consumers would be much more helpful for stimulating small business growth than improved access to capital. The Entrepreneurial Mind