August 11, 2020  

Financial Management Tips is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Financial management isn't an intuitive skill set for most small business owners. In this section, we'll talk about the techniques and strategies you'll need to properly manage financial issues in your company.

Financial Management Tips

  • Factoring Receivables - Receivables factoring lets you unlock cash that's tied up in your unpaid invoices. Freeing up cashflow in this manner can be an effective way to solve short-term financial crunches.
  • Small Business Financial Controls - Financial controls for small businesses and startups are a prerequisite to attracting investors. If you don't have good financial controls, you can quickly find your startup is starting down the path to financial ruin.
  • How to Get a D&B Number - Wondering how to get a D&B number? We explain how to go about getting a D&B number for a small business and we showcase a couple of extras from D&B that are worth investing in.
  • Where to Focus Your Capital: Operations Versus Sales & Marketing - For many small businesses, capital is a scarce resource. The question arises, where is the best place to use this capital? The decision is often a choice between marketing and sales or operations. This article addresses this important question.
  • Non-Cash Compensation: Granting Equity - Generally, companies choose to compensate their employees through cash, stock, and benefits. While cash is easily explained and benefits may include 401k plans, healthcare, and insurance, stock may be granted in through a number of different financial instruments. This article seeks to explain some common methods companies use to granting equity as a component of compensation
  • Introduction to Time Value of Money - Looking for a primer on the time value of money? You're in the right spot! Some big corporations still have a hard time getting a grasp on this concept, so if your company can implement it into your planning process, you will have a leg up on the big guys.

  • Tips On Managing Your Finances - Money is becoming increasingly hard to manage in today's economy. And with rising inflation, job losses, and the recent credit crunch, business owners must be very tactful in matters of finances if they are to continue to stay in the black and out of the red. This article will highlight some key elements of effective money management both at the business level and personal level.
  • Five Concepts of Finance - This article briefly goes over five basic concepts of finance that you should have a firm grasp on while running your small business. These are simple in nature, but their depth is significant. Getting a good grasp on them will help you run a more financially sound company.
  • Basic Guide to Capital Budgeting - Capital budgeting can be one of the most important things your company does. Learn the basics of capital budgeting and why it is important to your small business.
  • Basic Guide to Determining a Discount Rate - In addition to capital budgeting, determining a good discount rate can really help your business make wise project decisions.
  • Choosing a Business Bank - Switching to a new business bank? Choosing a business bank for the first time? If so, you'll find this advice on selecting a business bank to be very helpful.
  • 5 Profit-Pulling Tips for Managing Vendors to Pump Cash Flow - Vendor and Supplier loyalty is something all small businesses look for as it gives them the leverage to manage Cash Flow. They play a vital role in determining your profitability and the best way to manage inventories is to get these two major players involved in the business process.
  • Developing a Budget - Understanding money and learning to control the flow of finances can be two of the most valuable tools for any entrepreneur.
  • My Competitor Raised $50 Million - Great! - When a competitor raises a round of venture capital, how should you react? We discuss a scenario in which your competition raises a massive venture capital funding round.
  • My Competitor Raised $50 Million - Yikes! - If the competition raises a venture capital round, you can put a silver lining on it. But you should also be aware that this could be the beginning of the end for you.
  • The Golden Guide to Managing Cash Flow - Managing cash flow is the antidote to business failure. We discuss some surefire ways to make sure your business checking account balance stays in the black.
  • Spending Business Capital - It is important to consider when and where to spend your capital. This is discussed as well as some suggestions on when and where you will need to spend.
  • Cash Flow Issues to Consider - By properly budgeting your company's cash flows, your company can be better prepared for future cash constraints. How well you manage your company's cash flow can a have a major impact on profitability. Know where your company stands in terms of current and future cash flows and avoid many headaches that accompany being short for cash.
  • Business Budgeting Fundamentals - This article covers the fundamentals of business budgeting. If you are not creating a business budget, you may be impeding on your chances of owning a successful business.
  • How to Get a DUNS Number - Small business owners have a lot of questions regarding how to get a DUNS number. This article offers detailed information on getting a DUNS number from Dun and Bradstreet.
  • 6 Commandments for Never-ending Cash flow - Growing businesses need cash to keep moving. Keeping cash readily available is almost impossible as there are payments, suppliers & inventories to manage. Here, we discuss six ways in which you can keep your cash flowing at all times.
  • 5 Banking Services to Help You Manage Your Cash-flow - Smart entrepreneurs use facilities available with their banks to leverage cash flow. Simple processes like using online transfers or remote disbursement services can go a long way in helping you maintain cash flow. Discussed here are 5 banking services that help you manage cash flow.
  • The Pros and Cons of Factoring - If an entrepreneur high is billing orders but is experiencing cashflow problems because of clients who are tardy on paying their invoices, they may turn to factoring. Companies who provide factoring agree to pay business owners for their accounts receivables at a discount. But is factoring a good solution?
  • Projected Budget - Whether you're a startup or a thriving small business, a projected budget is going to shape your decisions for at least the next twelve months. Here are some projected budget tips to help you stay ahead of the game.




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