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How Much Cash Should a Small Business Keep in Reserve?

Cash is the fuel that makes a business run

 

Cash is the fuel that makes a business run. It is needed to pay salaries including your own, fund marketing programs to acquire and retain new customers, invest in equipment and facilities, pay rent, supplies and many more day-to-day activities. Most financial experts recommend three to six months of operating expenses, but using this for every business in every situation is misleading.

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8 Ways to Make Your Business Proposal Stand Out

Make edits as necessary and put your ego aside.

 

When it comes to winning new customers, the proposal you put in front of potential clients is key. If you’re using the same template for each business proposal that you send out, you’re missing the opportunity to customize each one for maximum engagement and impact.

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What is Financial Modeling and Why Should Your Small Business Use It?

Financial Modeling in Action

 

Planning for the future of your small business is an important part of success. Financial modeling takes different shapes, but basically, it’s about plugging different numbers and scenarios into a formula very often on an excel sheet and seeing the effect they have.

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Keep Your Workforce Motivated and Boost Productivity

Read These Easy Tips

 

Every company wants to see that their employees are happy and engaged with the work they’re contributing towards the business.

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6 Ways to Break Bad News to Your Team

We asked six leaders: How did you handle sharing the hardest news of your career?

 

Being the bearer of bad news is never fun. But there comes a time in everyone's lives, when they've got to step up to the plate. This is especially true in business. When you're in a leadership position at a company, knowing how to deliver bad news is a crucial skill. To help you out, we asked six leaders for their advice on delivering bad news to teams.

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The 6 Questions I Ask Before I Say 'Yes' to Anything

It's okay to value your time and energy -- in fact, it's important.

 

When I started my business at 19 years old, I was so hungry to grow it that I said yes to just about any conference, any opportunity and anyone who would meet with me. Any idea I had was worth pursuing.

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