Pricing, cash flow, money and more.

Do You Have the Right Mindset to Create a Profitable Business

Do You Have the Right Mindset to Create a Profitable Business

As I meet fellow small business owners and entrepreneurs through networking and referrals, I am curious to see how well each person understands financial concepts and if they have the skills needed to manage their business’s finances, such as creating a budget, planning cash flow, or overseeing their bookkeeper, to create a profitable business. This...

Microsoft Small Business Academy

Join Ramon Ray Live – OfficeSmall Biz Academy Show -13 Dec 12pm ET

Ramon Ray joins the Office Small Business Academy Show and speaks with host Carol Roth about taking the leap into entrepreneurship. This is a fun filled, fast paced episode you don't want to miss. Check it out on December 13th, 12pm ET. Check out a sneak peek of the episode below and the FULL show here. https://youtu.be/U7q9eGymuEQ   Smart Hustle...

financial literacy

Financial Literacy Is Key to Biz Growth Says CEO of Palo Alto Software

One of the biggest killers of small business success is when an owner does NOT know their numbers. Financial literacy is essential if you want to grow a business. I recently interviewed Sabrina Parsons, CEO of Palo Alto Software. She shared with me the power of LivePlan, business plan software that helps keep your business on...

profit

Nasty Gal’s Bankruptcy Proves Why You Must Focus on Profit Not Revenue

Nasty Gal filed for bankruptcy recently as reported by the NY Times. Many businesses file for bankruptcy - this is not new. However what disturbs me is that entrepreneurship has this glamor associated with it. This halo around it that is blinding for so many who seek to follow that path. Revenue vs Profit...

raising prices

5 Things to Consider When Raising Prices

Of everything that we can do to boost our bottom lines, raising prices tops the list.  The book Price Yourself Right references two different studies that confirm this.  In both studies, different changes—price increases, supplier expense decreases, and overhead controls—were tested to see which had the greatest impact on the bottom line, and price...

Money and Credit

Have Bad Credit? You Can Still Get Funding. Here’s 5 Ways.

Business owners or startups seeking loans to fund their ventures can become frustrated when banks and traditional lenders turn them down. If you have poor credit, it can be very difficult to obtain traditional loans. Don’t panic. Studies show that only about 25 percent of a business’ credit comes from credit cards or loans. The...

Is An Online Loan Good for Your Business? How 3 Companies Used QuickBooks Financing for Growth

Is An Online Loan Good for Your Business? How 3 Companies Used QuickBooks Financing for Growth

Cash flow is a vital part of every successful small business, and a recent Intuit poll of small business owners found that almost 87% feel that managing cash flow is critical to long-term business success and survival. Over the years, innovative online lending methods have become available to small businesses to help gain access...

How to Make Waves With a Startup Valuation

How to Make Waves With a Startup Valuation

There’s a lot of hype around startup valuations. Landing a large number can be a big win for startups, not to mention the excitement that springs up anytime the news of “unicorns” with billion-dollar valuations arise. Earlier this year, London-based TransferWise announced a funding round of $26 million with a $1.1 billion valuation. What’s most notable...