5 Unexpected Ways to Save Your Business Time and Money Modest Money3 Comments

80% of businesses fail within their first five years of operation. Some of this is due to poor planning or unforeseen events. But most of the time, the business fails to lock in to a truly efficient mode of existence. It can be said of these businesses that they generate more heat than light. Hemorrhaging funds and wasting time in a hundred places, these businesses fail to keep their heads above water, their owners too busy or too inexperienced to correct the myriad inefficiencies. I’m going to shine a light on 5 common inefficiencies below, and offer you ways to correct them in your own business.

Maintaining Cash Flow in Check. In a broad sense, you may be making more money than you have flowing out of your business. This is true of many, but lots of times there isn’t enough in the bank, at one particular moment, to cover a payment. Talk with all of your clients, and find the ones that give discounts for early payments. Automated these payments and you’ll save hundreds or thousands every year. Put all payments on a single business credit card, and you’ll never have to worry about how…
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By : Adam | 23 Dec 2014
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Retirement – What Happens When You Get There?

By : Adam | 22 Dec 2014

It’s easy to think about retirement as a faraway promised land. Sure we’ll get there one day, and we’ll even prepare for it, but what happens when you finally get there? Preparing for retirement takes planning and discipline. If you plan to stop working entirely, …

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Beginners Guide to Penny Stock

By : Adam | 19 Dec 2014

Many people are looking to figure out how to build a stock portfolio. Some of the best stocks are $100 or more per stock, which means that it can be very expensive to get started within the stock market. Many people don’t have $10,000 or …

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5 Things to Ask Your New Financial Advisor

By : Adam | 18 Dec 2014

If you are someone who cares about money, you are likely to have many financial advisors in your life. Being broke is easy, but building wealth and security takes effort. A good advisor will provide guidance and perspective, alerting you to financial realities you may …

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Meaningful Gifts on a Holiday Budget

By : Adam | 17 Dec 2014

If you are like us at Modest Money, the holidays are approaching and you haven’t finished your shopping. Perhaps my family is the exception, but I find them incredibly difficult to buy for. I have found the following approach serves me well, making each family …

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Santa Claus – The Ultimate Project Manager

By : Adam | 16 Dec 2014

Santa Claus may be a Christmas character but he is the ultimate project manager! Think of it: He bridges the gap between the production team (i.e., the elves and their assistants at the North Pole) and the clients (i.e., children all over the world) in …

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Expanding Mobile Video Conferencing Solutions for Business

By : Adam | 15 Dec 2014

We live in a world where boundaries are becoming more and more blurry. Every day, thousands of people communicate across distance, make friends that live in other countries and even tie relationships so strong that they eventually end up getting married. Every day, hundreds and …

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