Business Credit Journey 2010 – Step 2

August 30th, 2010

Ok,

So the second step is here. We now have a Texas corporation and I applied for the DUNS number online and got it in 24 hours. I next went to vumber.com and got me a virtual number for the corp with the right area code for the city it is in. I then went to listourself.net and got the phone number listed.

past 3 days I then called the 1800 number to update my dnb credit report. I waited until the phone number shows up in 411 for me to update the information so that the number on file will match the one  in 411. I ensured that the information updated included the fact that I have more than 10 employees and estimates that I will do more than $1MM in revenue for the year. I

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Empowering Minority Entrepreneurs — Government Resources that Can Help

August 26th, 2010

Here’s a breakdown of some of the comprehensive resources and mentoring services offered for minority and Hispanic business owners across the “.gov” domain and in your community.

Business.gov Resources for Minority-Owned and Hispanic Businesses

In recognition of MED Week and of the unique needs faced by minority-owned business owners, Business.gov (the official business link to the U.S. government) has updated its home page to showcase a host of government resources and guides specifically focused on helping minorities (and women) succeed in business. <

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What Health insurance Should You Provide Your Employees?

August 22nd, 2010

Small business owners have many choices to make when it comes to employees. You not only need to choose the right employees, but also select the best benefits that attract and retain the right employees for the long haul.

What health benefits should you offer? Here is a list of the usual health benefits available to small business owners:

Medical Insurance – This is a must-have for any business. Keeping your employees covered for medical expenses is one of the most basic and essential benefits you can offer. Small business owners have many choices when it comes to group medical plans, including the split between employer/employee premiums, co-pay, and amount of benefits. T

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Twitter, Facebook or LinkedIn? Finding the Right Fit for Your Small Business

August 16th, 2010

Thinking of investing in social media but struggling to know where to start?

According to a December 2009 survey by Ad-ology, 46 percent of small business owners said they wish they knew more about social media.

And, while coming up with a social media strategy is one thing (the resources at the end of this article provide pointers on this), it also helps to have a basic understanding of what each of the major social media sites can and can’t do for your small business and its customers.

Here’s a quick 101 on how to best leverage the top three social networking sites — Twitter, Facebook, and LinkedIn.

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How To Save Money By Going “Green”

August 12th, 2010

Small business owners must monitor their cash flow to ensure that the business can stay solvent. When cash flow grows tight, tough decisions must be made, and oftentimes, cutting or reducing expenses is a strategic way to keep the cash flow positive.

However, did you know that choosing certain “green” appliances and energy strategies can cut your costs considerably? According to the SBA’s report, “Improving Energy Use and Efficiency for Small Business,” you can save from 10% to 30% on utility and other energy usage costs by making certain eco-friendly choices. Here are a few suggestions:

Light Bulbs

Your light bulb choices have a bright impact on your electric bill. Rather th

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How to Improve Your Cash Flow with Receivables – Part 1

August 9th, 2010

Managing cash flow for your small business is not all about managing and controlling expenses. Of course, a major part of cash flow is the money that comes into your business. While there are many forms of cash inflow, such as owner paid-in capital, loans, partners, and lines of credit, your main source of income is from your own sales.

Managing how you collect from your customers can be the key to maintaining a positive cash flow. Here are a few tips for managing your receivables:

Require Payment Upon Delivery

Payment for goods and services should be required at the time they are delivered or rendered.

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