Let's take a look at some good resources for small business owners on how to protect their finances.
The National Federation of Small Business (NFIB-The Voice of Small Business) offers a great checklist titled “Checklist for Managing Small Business’ Finances”. It’s a comprehensive in-depth list that focuses on every aspect of small business financing. You’ll be introduced to areas from “Cash-flow projections” to “Saving and Investing” to “Developing an overall plan so that every dollar coming in flows through proper channels."
The U.S. Small Business Administration (SBA) is the U.S. government’s dedicated organization for the small business owner. Comprehensive and easy to use, their “Managing Business Finances and Accounting” page offers topics from “Accepting Cash Only, Checks, and or Credit Cards” to “Online Payment Services” to “Setting up a payroll system.” All are tried and true topic areas that can lead to a successful small business operation.
There are other aspects to consider outside of having a well planned, well financed, and optimally running business. Cyber attacks must be taken seriously and anticipated. Protecting your businesses capital and assets means that you insure hackers can’t gain access to your information. Installing anti-virus software, Securing your Wi-Fi, and Systematically purging sensitive data are just a few prudent steps you can take. US News & World Report recently published a very helpful article specifically on this topic that any small business owner or potential small business owner should read.
Lastly, and of great importance, safeguarding your business finances means working with and partnering with reputable companies. Better Business Bureau (BBB) offers free business and charity reviews so that you have the right information about potential partners before you decide to engage in a partnership.
How do you safeguard and protect your small business finances?
- ▼ September (8)
- ► 2012 (33)
It doesn't matter how many great ideas an individual, team, or company comes up with. Until you implement one, you haven’t made any prog...
Reviews of existing or newly proposed regulations on 22 lakes for walleye, yellow perch, largemouth bass, crappie, sunfish and muskellunge...
The Minnesota Pollution Control Agency is inviting comments through September 11 on a statewide permit that would regulate burial of waste...
If your business is starting to take up more room than your home office has to give, it’s time to think about moving your business out of yo...
DETROIT LAKES , Minn. – A new traffic signal is now operating on Highway 10 in Hawley, according to Clay County and the Minnesota Depar...
The David Burkland farm near Grand Forks is the site for a soil salinity field day on Sept. 5. The event is free and open to anyone inter...
Wildlife artists can submit entries for the Minnesota Department of Natural Resources’ ( DNR ) 2014 pheasant stamp contest from Monday, Se...
Do you have a Facebook page for your business? If so, beware! There’s a new phishing scam that is targeting admins and page owners, accordin...
The Minnesota Department of Natural Resources ( DNR ) recently honored two youth for demonstrating initiative, leadership, creativity and ...
You are invited attend the Mahnomen & Norman Farmers Union Conventions on August 12th, a Noon Pot Luck Picnic will be held at Mahnomen...