Since the dawn of entrepreneurism, some small business owners have loved organizing information for and about their businesses. They’ve enjoyed creating systems and implementing them. For these business owners, it’s…
This article in MIBiz is a good explanation of Michigan's new CDFI Coalition: Elissa Sangalli, president of Marquette-based Northern Initiatives, said she looks forward to the coalition bringing more awareness…
The success of your small business relies on the strength of your financial management. Quality financial management can help your small business attain profitability, make projections, and set and reach…
Small business owners recognize that there’s an element of risk associated with the opportunity to pursue their professional passions. Risk factors continue to apply to many aspects of a business…
Reviewing financial statements on a regular basis can help you accurately gauge your business’ performance, guide strategic decisions and identify opportunities for growth. Practice will lead to proficiency, but what…
Many of us find it easier to complete tasks at work or home when we develop a list and post it in a visible location. There’s a sense of fulfillment…
Financial ratios aren’t usually the first topic at cocktail parties. But for small business owners, maybe they should be. A solid understanding of the role of ratios can be an…
Chart the right course. As a small business owner, you know that pricing your products correctly is crucial to sustaining and growing your business. But the price you’ve pinpointed for…
What is tax planning and why is it important to your small business? First, let’s consider the word “plan.” According to Merriam-Webster, a plan is: Effective planning requires…
“It was the best of times, it was the worst of times...”* For a small business owner, the best of times could be when customer engagement is at an…
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