Running out of cash is one of the most frightening (and sadly most common) things to happen to small businesses. It's easily done if you're not keeping an eye on things and can sometimes be hard to spot before it's too late. So what can you do to make sure it doesn't happen to you in your business?
1 - Don't Ignore The Numbers
When it comes to the numbers in your business, knowledge is everything. At any given point you need to know what you owe out and what is owed to you. You need to know ho…
In my Facebook groups the same question crops up regularly - should I put my prices on my website? My advice is always the same - YES! Here are 4 REASONS why:
1. Your competitors will find out regardless
So many people avoid putting prices on their website in case their competitors find out and try to undercut them. Let me tell you something: If your competitors want to find out your prices they will find a way. But so what? Forget about them and focus on building a loyal following of people …
So...you're chatting away to someone and the conversation is flowing beautifully. They love your business, they are talking about how they need what you sell when, in the next breath, they ask you your prices.
And the world stops, just for a second.
In that second your brain goes into mega-overdrive mode. In the space of that second the following questions and statements flash through your head, one after another:
"OMG what do I say?"
"She's going to be shocked when I tell her how much it is…
We all have times when, for one reason or another, we NEED to come up with some quick cash in our business - so how DO you create money when you need it?
I have some ideas for you. Some of these depend on what type of business you’ve got, not all of them will work for you, however, one might and then you’ll get some money quickly –YAY! These are NOT strategic business moves, they are one-off quick fixes that will dig you out of a hole. If you keep having to do this, you need to look at what you…