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10 Tips for Managing Small Business Finance

Strategy Driven

Managing your small business finance is crucial to maintaining stability and growing your business over the long run. From setting a budget to regularly monitoring your books, you should be proactive when it comes to managing your finances. Variable expenses can come out of anywhere – such as business travel costs.

Finance 66
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Strategies For Small Town Growth

Strategy Driven

Being able to walk places and have the freedom to explore gives people the incentive to live in a certain town and become more active in the town and the happenings that shape that area. No one wants to feel as if they are restricted and can’t get anywhere on foot. Residents will feel more invested and will ensure the town remains thriving.

Strategy 106
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T-Mobile Hasn’t Incited a Price War…Yet

Harvard Business Review

Most carriers “bake in” a financing payment into their two year plans (monthly fees implicitly include both a wireless service and a financing payment for a new device). Customers can stop the service at any time, but to do so they have to pay off their financing balance immediately (which is akin to the early termination fee).

Price 8
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Six Fundamentals Every Entrepreneur Needs to Succeed

Harvard Business Review

Your projections for the business should not be wildly optimistic so you can manage your expectations and those of any partners. Plan for a realistic amount of sales and interest so you can conservatively manage your finances. Travel is a good market for entrepreneurs, but it''s not the place for copycats.

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How to Reduce Primary Care Doctors’ Workloads While Improving Care

Harvard Business Review

There is still a need for accountants and face-to-face meetings, but typically accountants now require such visits for only the more complicated cases that can’t be managed with software or a call. Our view is that early conceptions of connected health and the patient-centered medical home (PCMH) traveled a flawed path.

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Can Social Media Make Customers More Civilized?

Harvard Business Review

Yes, customer-centric firms need serious social media strategies and processes to manage legitimate complaints and concerns. That may be a powerful incentive for better behavior. Airbnb, the pioneering travel renting/share company, similarly encourages renters to rate guests and guests to rate renters.

Media 9
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Does Your Company Have the Right Number of Salespeople?

Harvard Business Review

For sales managers, this is not an easy question to answer. It's easy to estimate costs by looking at historical compensation, benefits, field support, and travel costs per salesperson. The number of salespeople affects profitably by impacting both revenues and costs. Keep Sales Force Costs at a Constant Percentage of Sales.