An anonymous commenter asked us to confirm that inventory does not affect profit and loss statements, but does affect cash flow. Inventory is product you buy to resell, so yes, it affects your cash flow. You spent money to purchase it. You collect money when you sell it.If you are preparing Cash Flow Statements, you’ll…
Each week, I open the Brag Basket. It’s designed as a fun place for you to share your projects and accomplishments. But you can also cheer for other people, give shout outs, congratulate, and even give someone a well-deserved pat on the back. The Brag Basket is open for everyone, whether from a small town,…
Each year, the federal government spends more than $400 billion in goods and services, 23% of which is slated for small business owners and 5% for women business owners. However, in recent years, the government has fallen short of this goal, awarding just 22% of contracts to small business owners and 3.4% to women business…
If you’re a rural small business person, I want you to introduce yourself. Today, meet Nancy Sherman. ——————————————————-We all have limited time – we are busy living our days taking care of family, working, trying to enjoy our lives (at least a little bit), yet there are only so many hours in the day. And…
Businesses in the smallest of small towns are being reviewed online right now. Do you know what is being said about you? Here are two sites you need to take a look at. Yelp – offers reviews of all kinds of local businesses. It also gives you the business owner some tools to maintain your…
When I started my company in ’98, friends told me that most businesses fail. When I sold it in ’03, same friends hit me up for loans.–Andrew Warner (via Twitter), of Mixergy.com New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Get our updates.
“Success is not built on success. It’s built on failure. It’s built on frustration. Sometimes its built on catastrophe.”— Sumner Redstone Found at Freelance Folder, 7 Pieces of Timeless Business Wisdom (worth a read, all the way through) New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Get our updates.Photo: African thorns, by…
Each week, I open the Brag Basket. It’s designed as a fun place for you to share your projects and accomplishments. But you can also cheer for other people, give shout outs, congratulate, and even give someone a well-deserved pat on the back. The Brag Basket is open for everyone, whether from a small town,…
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