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Why Mix Matters

By Anna Masker In standard9th February, 2011

Have you ever wondered why you may be selling more and more but aren’t making any more money? You may have a problem with your mix. Just as too much of one ingredient can ruin a recipe, mix can make the difference between profitability and losses, a cash crunch and money in your pocket. It

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Shaking the shoebox

By Anna Masker In standard26th January, 2011 Shaking the shoebox

Saving money in your small business may seem hard to do. Office Supplies is one “back-office” expense that you can reduce. See how a multi-billion dollar company– and a shoebox– saved money, one pen and pencil at a time.

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Budgeting is sooo 2010

By Anna Masker In standard19th January, 2011 Budgeting is sooo 2010

If you’re like me, you’ve gotten dozens of emails about why you should set up a budget for 2011. The word “budget” often spurs a collective groan. It sounds so restrictive. Not to mention the effort that needs to go in to putting one together and the tediousness of all that number crunching. No thanks.

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“Keel it up!”

By Anna Masker In standard18th January, 2011 “Keel it up!”

I used to row on the crew team in college. For those of you who know me, at 5’2″ I’m not exactly the typical long and lanky rower-type. Despite my lack of height we did pretty well for a bunch of novices—and even won some regional races. But that’s beside the point. The boats we

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How well have you figured out the 4Ms of business?

By Anna Masker In standard9th January, 2011

For any business to be successful, they need to have a good plan looking at the 4Ms of business: Money. Do you have enough money so that your business is paying its own bills? Or does the owner or investors need to sink their funds into the business to keep it afloat? If you are

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Your most important information may not be in QuickBooks

By Anna Masker In standard10th November, 2010

If you are puzzled by your profitability, looking at your P&L will give you only part of your answer. If you are trying to figure out why you are not making any more money even though your sales are increasing, or if your bottom line hasn’t moved from the last few years, here are some

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Making the most of 2009’s misery

By Anna Masker In standard30th December, 2009

The last holiday presents have been unwrapped—now it is time to think about wrapping up 2009. It hasn’t been a banner year for many companies but there are some things you can do to make the most of 2009’s misery and make sure you are prepared for 2010. Here are a few things that you

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When your customer shows sign of financial trouble

By Anna Masker In standard20th September, 2009

The importance of having a strong and open relationship with your accounts in tough economic times is critical and it is important to pay attention to the warning signs in your business before they hit you where it hurts. Mary Repke, owner and “Chief Bag Lady” at Coakley Business Class, knows this first-hand. As a

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Preventing loss from bankrupt customers

By Anna Masker In standard9th September, 2009

It might start with late payments, or unreturned phone calls. It might be that you had no idea there was anything wrong and you get a notice in the mail. When a customer files for bankruptcy it could have a big ripple effect throughout your organization. Here are a few tips to prevent a loss

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Finding Funds in the Credit Crunch

By Anna Masker In standard2nd July, 2009

Will you have enough funds to take advantage of the economic upturn? Despite “green shoots” of economic recovery, one problem still persists for many small businesses: access to credit. For those businesses battered by the recession, cash can be hard to come by to fund day-to-day operations, let alone expansion. We’ve come up with a

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