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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.
Growing Pains? Is Outsourcing a Good Idea?
It’s common practice for many companies experiencing growing pains to consider outsourcing functions like HR or IT, along with outsourcing specific job roles to individuals with skill sets that match the role. Depending on the players, it might be a good idea for your company or business. Before you initiate a business process outsourcing plan, consider these questions.
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