6 tips for quick, efficient invoicing
Make sure to invoice your customers, collect payment and deposit payments immediately to maximize your cash inflows. Here are 6 tips for efficient invoicing.
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Do you know what types of financing are available?
Both new and expanding businesses need money to fund their projects. Your business must get funding for each item it requires to operate: working capital, ongoing expenses, tools, equipment, buildings, patents, etc. Once you’ve established your needs, you must determine what sources of funding are available to meet them.
The cooperative option for ensuring your business continues
A business transfer is a painstaking process that can last 2 to 5 years or sometimes more. Entrepreneurs who are planning to hand over control of their businesses in the coming years have a number of options. Have you thought of the cooperative model as a way to ensure your business continues?
Creating a cooperative to grow your business
A producers' cooperative operates a business whose primary goal is to provide the goods and services its members need to carry out their work. This formula may be an appealing legal framework for self-employed workers, professionals, merchants or producers seeking to establish a network where there is strength in numbers.
Do you have what it takes to be a successful entrepreneur?
What personality traits do entrepreneurs have, and what skills does it take to become an entrepreneur? There are all kinds of entrepreneurs, but those who are successful have some things in common. They have personal, interpersonal and job skills that help them succeed in everything they do.
Planning your business's growth
There are many reasons why you may want to grow your business: to fulfill your professional goals, increase the value of your business, keep pace with the market or just reach a critical mass. By planning your business's growth, you'll have better control over it and meet your objectives.
Managing unexpected growth
Define your vision right away—it will guide your business through a 2-stage growth process of selling and structuring. After making sales and meeting your objectives, you'll need to take time out to think about how to structure your business.
Market research: A key step
Market research entails collecting detailed information about your customers, competition and market. The process involves gathering, sorting and analyzing data. You can then use this information to formulate your marketing plan and strategies.