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Cash Flow Management Can Help Repair Credit

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Cash flow may not be considered an asset by small businesses, but large businesses understand its importance and value. Big Businesses Make Billions on Cash Flow Large companies spend large amounts of money on supplies. Proctor & Gamble, for example, buys $50 billion worth of supplies every year. The company converts those raw materials into popular consumer products, and sells more than $80 billion worth of goods a year. This allows the company to generate more than $11 billion a year in ...

7 Actions to Avoid That Could Ruin Your Business

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Watch Out for These Temptations and Keep Your Business on Track Running a successful business requires a steady hand and an unwavering focus on one’s goals. But, this can be a challenge for first-time entrepreneurs, because sometimes, giving in to the simplest temptations can be hard to avoid. Those temptations, however, can have a profound, negative effect on everything from your business’s bottom line to its reputation. Here are seven of the most common actions small-business ...

Big Businesses Show How to Repair Credit

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Cash flow can be an overlooked tool in the business credit repair process. Large businesses are showing how this tool can be used. Understanding Cash Flow and Working Capital In the midst of the European debt crisis, Cyprus announced a plan to charge large bank depositors a fee. The government announced that deposits over 100,000 Euros were not insured, and a tax would be levied against the uninsured balances on those accounts. The tax could be quite large in some cases, but the news seemed to ...

Even Big Companies May Need Credit Repair

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Credit problems are not limited to small businesses. Even large businesses may need short-term financing to overcome problems. Problems May Be Similar for All Businesses The business news can offer valuable lessons for small businesses. Even the largest and best known companies in the world can encounter problems. J.C. Penney is an iconic retailer that has fallen on hard times in the past several years. Some analysts attribute the problems to strategic shifts that the company has embarked on, ...

How to Grow a Small Business in a Big City

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As we all know, “small business” doesn’t equal “small town.” In fact, Houston, Texas was recently named the fastest-growing small-business city in America, and Houston has a population of more than two million, according to the 2011 U.S. Census. A study from American City Business Journals found that more than 100,000 businesses are located in 11 major metropolitan areas, including New York, Los Angeles, and Chicago. While a mom-and-pop operation can grow in a small town through mere ...

Start Your Business With A Plan

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The first step in starting a business could be to create a detailed business plan. There is a free tool that takes you through that process. Plan to Succeed When starting a business, it is important to know what to expect. A detailed plan should help you identify the amount of funding that will be required, the expected size of the market you will be serving, and the amount of time required to become profitable, among other objectives. This information is important to a potential business ...

Business Credit Conditions Finally Easing

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Recent news reports indicate that banks are easing their standards for business loans, a policy that could help business owners. Federal Reserve Data Shows a Recovery Once every quarter, the Federal Reserve surveys banks around the nation to learn about their credit standards. Results from this survey are then released to the public in a report. This information is useful because it offers insight into the availability of credit for small businesses. Recent data shows that lenders are easing ...

Sales to Big Companies Can Hurt Small Companies

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Big companies are managing their cash flow to their benefit, but that could be hurting the small businesses they work with. Cash Flow Can Be a Profit Center Proctor & Gamble recently found a way to free up $2 billion in cash flow. The consumer-products giant announced that they will pay the invoices of their suppliers within 75 days, thirty days longer than the current average of 45 days it now takes for suppliers to receive their money. In taking longer to pay its bills, Proctor & ...

Read This Before You Do a Strategic Walkaway

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The first, second, third, maybe even fourth wave of foreclosures has come and gone. Some markets have fired back already, but in many more areas, the market has had, at best, a half-hearted attempt at recovery. That leaves small-business owners who own their homes left holding houses that are underwater, owing much more than the houses are worth. Unlike the other waves of foreclosures, these homeowners can often afford the payments. But they are looking at years before the value increases to ...

Create Your Perfect Business

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A small business could provide you with financial security. It can also allow you to make a living doing what you enjoy doing. Dream First, Plan Later Most small-business experts advise potential business owners to create a business plan. This is usually considered to be the first step to opening a business. However, it should actually be thought of as the second step. A business plan should only be developed after the idea for the business has been completely worked out. A small business is ...