The following guest post is by David Sederholt, COO of Strategic Funding Source, Inc.  The financial universe of most hard-working small business owners is often very focused and revolves around their immediate obligations. They know that cash flow is the heartbeat of their business, and if they don’t have the cash on hand to pay their […]

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Part Time FD: Richard Branson’s 5 Rules of Investment

Thumbnail image for Part Time FD: Richard Branson’s 5 Rules of Investment February 1, 2014

          1. Does your company offer a smart, simple solution that improves customers’ lives? If I understand a startup’s product or service on first glance, then customers will too – and if it solves a problem that needs fixing, there’s a good chance that some will buy it. That’s why I […]

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New Year’s Resolution: 3 Easy Tips to Be Financially Fit in 2014

Thumbnail image for New Year’s Resolution: 3 Easy Tips to Be Financially Fit in 2014 January 8, 2014

Here are three simple tips to help keep you financially fit in 2014. No. 1: Open Your Statements Facing your finances begins with opening all of your account statements — bank, credit card, mortgage account. Take a snapshot of your finances so that you may set priorities about what to do next. Here is a […]

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Part Time FD: XMAS Parties: 7 Ways to Network Like a Pro

Thumbnail image for Part Time FD: XMAS Parties: 7 Ways to Network Like a Pro December 8, 2013

Even if you’ve had a bad year, don’t skip the holiday party scene. With the right approach, you can always turn a get-together into a great opportunity. When holiday party invitations land in your inbox, do you see them as a waste of time? Or do you recognize them for what they are: a great opportunity to […]

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Part Time FD : Simple Trick That Made My Company Cash-Flow Positive

Thumbnail image for Part Time FD : Simple Trick That Made My Company Cash-Flow Positive November 28, 2013

When you bootstrap, your mission is to get more cash by selling more to customers. Here’s how we did it–with one five-minute fix We did a lot of the hard things you’d expect a bootstrapped start-up to do when we were building Backblaze. We forwent a salary for over a year. We worked long hours. We crammed into […]

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Part Time FD: Top Tips on Outsourcing for Small Businesses

Thumbnail image for Part Time FD: Top Tips on Outsourcing for Small Businesses October 1, 2013

What functions can be outsourced and how does an SME know whether the person they’re hiring is any good? Many traditional roles that were historically done in-house are now being outsourced, and that can include anything from being a PA to project managing. It’s a great way for businesses to keep costs down during the […]

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Part Time FD: How to Avoid Going Bust in the Next 12 Months…

Thumbnail image for Part Time FD: How to Avoid Going Bust in the Next 12 Months… September 26, 2013

Learn from Britain’s recent business failures and don’t let your company become a casualty of the downturn, says Robert Craven. So, what can we learn from what is going on around us? Too many businesses suffer from five-year-old-itis Businesses keep on running an out-dated business model based on five-year-old assumptions about who their customers are, […]

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Part Time FD: Top Tips for Managing Cash Flow

Thumbnail image for Part Time FD: Top Tips for Managing Cash Flow August 24, 2013

Managing cash flow is core to the long-term success and viability of every family business, both big and small. Here are a few key tips to help manage your cash flow. Manage Your Debtors – It is important to really know your customer. Before you provide credit terms, check that you have all of their […]

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Part Time FD Cash Flow Tips: Why Your Business Could Be Failing Even If You Hit Your Numbers

Thumbnail image for Part Time FD Cash Flow Tips: Why Your Business Could Be Failing Even If You Hit Your Numbers July 1, 2013

Entrepreneurs, investors and accountants all love to see updated income forecasts. While their projections are usually rosy, more than half of these businesses will fail within the first four years of operation, according to a 2012 University of Tennessee study. Of those failed businesses, 72 percent say they went out of business because they ran out of cash, and […]

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Part Time FD Cashflow Tip: 4 Ways To Create More Cash for Your Business

Thumbnail image for Part Time FD Cashflow Tip: 4 Ways To Create More Cash for Your Business June 3, 2013

Your business is valued, and will be valued, by how much cash it creates. Here’s how to give that number a boost. Meeting payroll is a badge of honor among most business owners. You know that you are helping each of your employees, and their families, get by. To do this successfully, you need to […]

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Part Time FD Advice: 10 Tactics for Dealing with Slow-Paying Accounts

Thumbnail image for Part Time FD Advice: 10 Tactics for Dealing with Slow-Paying Accounts May 8, 2013

Tired of waiting for checks from certain customers? Some accounts seem to take eons to pay their bills. For small-business owners who rely on cash flow, this can be a real problem. Here are 10 tactics for getting slow-paying clients from “billed” to “paid” more rapidly: 1. Put everything in writing. You can’t hold customers accountable to payment […]

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Part Time FD Tip: Your Business Leaking Money? 5 Holes to Plug

Thumbnail image for Part Time FD Tip: Your Business Leaking Money? 5 Holes to Plug April 30, 2013

Entrepreneurs can be so enthusiastic about sailing toward the goal in front of them that they forget to take the time to be sure their ship isn’t leaking. It’s worth taking the time to check your hulls and see if you aren’t missing an opportunity to save money. Every six months, small-business owners should do a […]

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Part Time FD Advice: Get Your Cash Faster: 7 Shrewd Tips

April 29, 2013

Cash flow is the most important financial item for a small business owner to pay attention to. Here’s how to speed it up. Cash flow–how cash flows through your organization from sale to invoice to receipt–is the lifeblood of a small company. Speeding up your cash flow allows you to do more and gives your […]

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Part Time FD Advice: Got Funding? 7 Things to Do Now

Thumbnail image for Part Time FD Advice: Got Funding? 7 Things to Do Now April 6, 2013

It’s too easy to lose focus after reaching this all-important milestone. Stay the course postfunding with these tips. Sometimes growth is impossible without a significant chunk of funding to fuel that growth. But say you do manage to beat the odds and attract capital–then what? Check out the following advice from Ashish Rangnekar, the co-founder of BenchPrep, […]

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Part Time FD Advice: 5 Cash Flow Mistakes New Businesses Must Avoid

Thumbnail image for Part Time FD Advice: 5 Cash Flow Mistakes New Businesses Must Avoid January 18, 2013

Debt solutions attorney Emily Chase Smith has seen many small businesses fail throughout her career. She finds it frustrating that many of the businesses, especially newer ones, fail for reasons that were completely avoidable with better financial planning on the part of the founders. She offers the following advice to business owners to avoid failure: […]

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Part Time FD Advice: 7 Ways to Keep Cash Flowing

Thumbnail image for Part Time FD Advice: 7 Ways to Keep Cash Flowing February 1, 2013

Is your business ready for its next big opportunity? If so, don’t forget there’s one thing that can trump experience, know-how and sheer enthusiasm: cash flow. Often, the cash to hire, buy necessary equipment and cover other startup expenses can make all the difference between a great opportunity and a missed one. To help ensure […]

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Part Time FD NEWS BUDGET 2013 – KEY POINTS…

Thumbnail image for Part Time FD NEWS BUDGET 2013 – KEY POINTS… March 20, 2013

- Income tax threshold to be £10,000 by next year – Beer duty cut by 1p a pint – Planned fuel duty rise scrapped – The first £2,000 to be taken off all employers’ National Insurance bill – Chancellor George Osborne promises £3bn for infrastructure – Service personnel to be exempt from public sector 1% […]

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Part Time FD Advice : Are You Putting Your Family´s Personal Assets At Risk?

Thumbnail image for Part Time FD Advice : Are You Putting Your Family´s Personal Assets At Risk? March 23, 2013

Running a business doesn´t mean you have to put your personal assets at risk!  How can I make sure I don’t?  Here´s a couple of things to think about… 1 Are you trading in the right vehicle. Basically if you are trading as a sole trader if there is a problem in your business you´re […]

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