June 23, 2017

Joshua Sophy - Assistant Editor


Joshua Sophy Joshua Sophy is the Assistant Editor for Small Business Trends and the Head of Content Partnerships. A journalist with 17 years of experience in traditional and online media, Joshua got his start in the newspaper business in Pennsylvania. His experience includes being a beat reporter covering daily news. He eventually founded his own local newspaper, the Pottsville Free Press, covering his hometown. Joshua supervises the day-to-day operations of Small Business Trends' busy editorial department including the editorial calendar and outgoing assignments.

6 Reactions

  1. Aira Bongco

    The secret is in tracking. Always track everything down to the last cent so that you know what comes in and what goes out in your business. That is the only way for you to really know how you are spending your money. Tracking is key.

  2. I agree with Aira, can’t stress enough how important it is to know where your money is going. You can use an app for that or good old writing it all down, but write everything that goes in and out.

  3. At times, business owners may not have time to do the stuff but they can actually outsource the function. But keeping accurate records is very important for every business.

  4. I outsourced my phones to a 3rd party provider. The receptionist service filters out the sales calls and can pre-screen the question or issue the caller has to get them to the right person more efficiently.

  5. Sometimes creating a budget for your business can be stressful, but without knowing where your spend your money, might lead you to a financial crisis. Having and sustaining a budget on a regular basis can help you track your expenses and anticipate your financial needs in the future. One tip also is to hire a certified financial planner if you have no experience when it comes to financial planning or if you don’t have enough time for such things.

  6. I find that cash flow is King. If you don’t have the cash to do what you need to do you will go nowhere fast. I have found that too many small businesses don’t have a system in place to keep track of expenses and revenues. In fact, most small business owners don’t even know how to read a financial statement. By looking at your account receivables and finding ways to get your clients to pay you faster will increase your cash flow making it easier to achieve your objectives.

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