Negotiating Annual Contracts With Vendors
Late December is when a surprising number of vendor contracts quietly roll over for another year. Software, cleaning, waste collection, equipment leases, …
Category
Finance
Cash flow, pricing, unit economics and the financial basics every owner should know.
Setting Up a Business Emergency Credit Line
The best time to arrange a business line of credit is when you do not need one. Lenders look more kindly on a business with steady sales and healthy books than …
Preparing for a January Bank Review
If your business has a loan, an overdraft or a credit line, there is a good chance your bank will want to review it early in the new year. A January bank review …
Setting Next Year's Prices With Your Accountant
Most small business owners set prices alone, late at night, with a gut feeling and last year's price list. Your accountant already sees your costs, margins and …
Scenario Planning for a Slow First Quarter
For many small businesses, January to March is the quietest stretch of the year. Customers are recovering from holiday spending, budgets reset and some deals …
Variable vs Fixed Costs With Examples
Some of your costs stay the same whether you have a quiet month or your busiest week of the year. Others climb with every sale you make. Knowing which is which …
Reviewing Your Business Subscriptions in January
Software, memberships, cloud storage, design tools, phone plans: business subscriptions creep up quietly, one small monthly charge at a time. A January review …