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Showing posts from July, 2010

The 4 Things Every Small Business Should Consider

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                                                             Whether you have been in business for less than a year or over 20 years like our company you have to consider 1. Your Competition, 2. How the industry is changing. 3. How your company is changing. Now you should consider the following:   1. The Credit Crunch will be around for a long time. With the passage of financial reform, lenders will have stricter requirements which makes getting loans harder. You should consider keeping higher cash reserves, look at receivables as an option. You should look for banks that truly do want small business customers. Just as banks are becoming stricter on who they lend to, you should become picky with whom you deposit your money with.    2. You Should Continue to Watch Expenses. Even though the economy is starting to look better it can and may have a relapse. You should consider outsourcing some functions to keep payroll down. You should review and analyze your income expenses eve