Tag Archive for: budget

All too often we hear new entrepreneurs say they aren’t excelling because they don’t have the capital to invest – so they can really dig in and build their business. And we get it—we were there, too, once. When we got started in online/ affiliate marketing, we invested $50,000+ savings—into getting it up and running.

It was a massive leap of faith and one that, for years, didn’t seem to be paying off. But then, thanks to the hard work and proverbial blood, sweat, and tears – that things started to happen. First a few thousand dollars. Then a few more. And, before we knew it, our Online business was in motion—big time.

Because we weren’t one of those lucky entrepreneurs with windfall investments and tons of startup cash, we really appreciate Daymond John’s book, The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage.

The founder of lifestyle and apparel brand FUBU and a star of the smash TV hit Shark Tank, Daymond knows a thing or two (or 2,000…) about success and entrepreneurship.

And, like us—and, probably, like you—he started from nothing. He literally sold home-sewn t-shirts on the streets in Queens, with a $40 budget and no marketing experience. But Daymond excelled, clearly. He had to cook up out-of-the-box methods for marketing his shirts and building his customer base. As a marketer and business owner, he was desperate but passionate a powerhouse combination, from where we sit. Because Daymond was able to convert that desperation into innovation and build out a creative campaign that eventually turned into FUBU a $6 billion brand.

His advice is simple, straightforward and completely actionable, no matter where you are in your journey.

Daymond advocates that broke forces entrepreneurs to think differently and creatively, leveraging resources more efficiently and connecting with customers more authentically. And those powers combined, he explains, helps fledgling business owners make a meaningful mark.

By drawing on his own experiences and the experiences of entrepreneurs including DJ Steve Aoki, Gigi Butler, and Mo Bridges, Daymond shares the secrets to success that only the scrappiest, most passionate doers and dreamers can fully embrace scrappy entrepreneurs just like you (and us too).

We are here to help you, let us guide you through building your Online Business – Just Private Message Us at our Facebook Messenger link.

If you don’t have the capital to start your business, we recommend that you READ Daymond John’s book, The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage.

Talk Soon,
Dave and Nicky

Keeping up with the financial side of owning a small business can feel like a never-ending job.

From invoices to expenses to day-to-day accounting and dealing with the Tax Department, it’s a wonder that entrepreneurs ever find the time to deal with actually providing goods or services.

Fortunately, technology has offer a variety of tools to save small business owners time and headaches on daily financial tasks.

Here’s 9 Financial Tools…

1. Budgeting Tool

Creating a realistic budget — and sticking to it — is crucial to your small business’s financial success.

Depending on your accounting software, you may be able to create budgets for your business right there without needing a separate tool. If you do need a separate, stand-alone budgeting tool, you should definitely check out PlanGuru.

planguru budging tool

2. Accounting Software

QuickBooks has long been the gold standard for small business accounting, but online accounting solutions such as Xero are gaining traction in the last few years.

Quick Books & Zero Accounting Software

Whatever program you choose for your accounting, make it work for you by choosing a tool that’s both as robust and as flexible as possible.

The software you choose must these basic accounting tasks;

  • Invoicing
  • Expense tracking
  • Client/vendor contact management
  • Automation of billing and recurring payments
  • Quote and estimate creation
  • Tax preparation
  • Multiple-user access
  • Payroll processing
  • Mobile access
  • Integration with programs such as point-of-sale software, credit card processing, and Google Apps.

For us, we use…MYOB Accounting SoftwareThere’s a reason more than one million Australian businesses trust MYOB. From start-up to grown-up, it’s an business software that actually lets you run a business and will grow with you.

3. Payroll Management System

Payroll management is time-consuming and prone to mistakes. So having a payroll/HR systems like ZenPayroll and Zenefits can help you streamline the payroll process and eliminate costly inefficiencies.Zenefits Payroll Management System

These are just two of many payroll management tools. Frequently these systems easily integrate with other accounting or storefront tools you’re already using.

How much easier can payroll get?

4. Agile Billing

The smoother and more nimble your billing process, the quicker payments will be made and processed — and the faster the cash will flow into your business.

With a quick, cloud-based billing system (try FreshBooks) you can shorten the billing process and even increase customer satisfaction.Fresh Books Painless BilingBy implementing agile billing tools and processes, you’ll both improve customer experiences and shorten accounts receivables delays.

5. Cash Flow Analysis

Whether you use your accounting software’s cash flow statement capability, a cash flow-specific tracking tool such as Float, or a simple Excel spreadsheet.

Float App
Accurately measuring your cash flow on a regular basis is crucial to keeping your business prepared for any financial eventuality.
Cash flow analysis helps you to weather ups and downs in your cash balance by using past patterns in data to forecast your financial future.

6. Inventory Management

Efficiently track your inventory all the way from your purchase of resale items to a customer’s order fulfillment with cloud-based solutions like SOS Inventory.

SOS Inventory LogoIn addition to tracking your goods, these tools can generate sales reports, set up automatic low inventory alerts, and manage order packing and shipping.

7. Business Credit Card

We recommend opening a business credit card in order to:

  • Improve your business credit history
  • Track business expenses
  • Gain access to higher credit limits for business borrowing
  • And receive business-specific rewards and discounts.

Chose a business credit card account with the capacity to easily manage employee cards (with relatively small credit limits). Not only does this system make it more convenient for your business to cover employees’ expenses such as travel, but it also can boost morale.

8. Expense Tracking

expense report tool

Little business expenses such as gas, meals, and cabs add up quickly and are hard to track.

With an expense report tool such as Expensify or Xpenditure.

Where employees can scan receipts or add cash expenses from their mobile devices and upload them; then you can easily import the information for approval, rebilling, expense accounting, and reimbursement.

9. E-commerce and Digital Payment Solutions

Taking Payments for all businesses especially E-commerce is essential.

square credit card transactionMore and more customers expect to be able to pay for products and services instantly (whether using credit cards or from their mobile device). Square, and PayPal are just a few tools to help customers pay on the fly.

Mobile with Card Readers and POS, Point of Sale we have find the SquareUp.com offer a Quick Setup. No Monthly Costs, Get Paid fast with most credit cards.

Set Up a FREE SQUARE Account – Click Here – 

Customers also want to be able to find your business and make purchases online. Tools such as Stitch and Vend make it easy to make sales, whether in-store or from an online storefront, while also tracking inventory, streamlining order fulfillment, and tracking sales data.

Now, you have an assortment of Financial Tools to choose from. It’s time to scale up your existing business and get more leads. Don’t you want more potential customers to turn into lifetime customers?

We know you do.

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We are here to help. If you want any help, just Messenger us (Private Message Us) at our Facebook Messenger link – m.me/EasyOnlineBizSolutions

If you haven’t already, it’s time to streamline your financial management process – so you can get back to your real job.

Talk Soon,
Nicky and Dave

Every major marketing campaign has a few important elements. Large companies may spend a lot to incorporate them into their marketing, but you can do the same thing with a much smaller budget.

The reason for this is that the power of these elements isn’t tied to the amount spent on them. The following are a few of the most useful.