You should be managing your books regularly, whether that be daily, weekly, or biweekly to receive the full benefit of the information your books hold.
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Thanks to technology, podcasts are an excellent way to learn about running a business. Podcast topics cover a huge range of information, everything from having a profitable idea, marketing, time management, networking… You name it, a podcast covers it! If you find yourself struggling in one area, listening to a podcast can educate, direct, and inspire you to move past it.
At the end of the day, think about how you want people to do business with you. Take that information and consider the best experience for your customers. Collecting payment is an important part of your customer’s journey and it should be as seamless as possible.
So many business owners feel uncomfortable discussing payment for their product/service. They fear it makes them look needy or unprofessional. This is absolutely not true! Let’s discuss 5 things you can do today to ensure your success. DO NOT let fear get in your way!
Stop! Don’t make another business transaction until you do this one thing. It isn’t sexy, but it’s necessary!
A money challenge new business owners can face is cash flow. Cash flow can be a challenge for any business, but especially new business owners. You simply do not have much to work with.
When you are dreaming up your new business venture, do you consider how you will collect money from your customers?
The first challenge dealing with money that all new business owners deal with is: How to price your product or service. We want to avoid the stress that comes with this decision.
You want to start a business. Now what? You need to know that the numbers work for your new idea.
Do you wish there were detailed instructions for the major life decisions you make? A book that told you all the fine print nobody ever talks about? It would tell you all the things you never thought you would say as a parent like “why is this french fry wet?” or as a new home owner “this wire is supposed to do what?!” As a new business owner, just like everything else, there is fine print and it often isn’t discussed.