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How Optimistic Are Small Business Owners About the Economy and Their Companies’ Futures?
Some small business owners remain pessimistic about the economy, according to the National Federation of Independent Business (NFIB) Research Foundation’s September Small Business Optimism Index. Although the overall Small Business Optimism Index fell, individual components of the index improved such as “plans to increase inventory,” “expect the economy to improve,” and “now is a good time to expand.” This post dispels common misperceptions among small business owners about lending that can hinder growth and expansion.
Cash Flow is Still King
It’s been said, “Cash flow is king.” The truth is: cash flow is one of the most critical components of success for small or mid-sized businesses, and effectively managing cash flow is one of the biggest challenges faced by most business owners. In this post, we share three tips that will help businesses start managing their cash flow more efficiently.
Separating Personal and Business Expenses - A Must
The commingling of personal and business expenses is an all-too-common mistake many new businesses make. But this can create big headaches at tax time and may lead to a host of other problems ranging from tax audits, to disallowance of valid corporate expenses, to legal judgments. To maintain the viability of your business, even if you're just starting out, differentiating your personal and business expenses is a must. Here are five tips to help you get started.
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