Listen & Learn
Visa is proud to partner with knowledgeable small business resources – such as StartupNation - to provide small business owners with relevant financial information and recommendations that will help you focus on what is important to your business.
Featured Series: 8 Steps to Managing Your Money
Catch lifetime entrepreneurs, the Sloan brothers from StartupNation Radio, as they discuss best practices for making sense of your money, how to save it, manage it, and grow it in this 8-part series.
Step 1: Forecast Your Future—Cash In, Cash Out
To take control of your money situation, it's critical to establish a fundamental understanding of how money flows in and out of your company. Simplify the process with a cash flow forecast. By becoming intimately familiar with your cash flow, you'll make consistently smarter decisions about your business, giving you the best chances for success.
Listen now
To take control of your money situation, it's critical to establish a fundamental understanding of how money flows in and out of your company. Simplify the process with a cash flow forecast. By becoming intimately familiar with your cash flow, you'll make consistently smarter decisions about your business, giving you the best chances for success.
Listen now
Step 2: Rationalize Your Revenue: Know Your Costs of Sales
These days, there's too much competition to build a future on "best prices" alone. Instead, you have to rely on other things like unique offerings, better quality, special customer experience, and other distinguishing factors. We'll help you move away from the look-alike contest to build a unique, viable business.
Listen now
These days, there's too much competition to build a future on "best prices" alone. Instead, you have to rely on other things like unique offerings, better quality, special customer experience, and other distinguishing factors. We'll help you move away from the look-alike contest to build a unique, viable business.
Listen now
Step 3: Cut Your Expenses
Cutting costs is something every business owner should strive to do. But don't get so cheap that it hurts your overall chances of success. If it makes you less efficient, less strategic, less professional, or less in touch, don't cut it! If you need certain services or products to conduct your business effectively, absolutely chip away at your costs by negotiating any and all transactions.
Listen now
Cutting costs is something every business owner should strive to do. But don't get so cheap that it hurts your overall chances of success. If it makes you less efficient, less strategic, less professional, or less in touch, don't cut it! If you need certain services or products to conduct your business effectively, absolutely chip away at your costs by negotiating any and all transactions.
Listen now
Step 4: Track Your Money Efficiently
It's vital that you figure out a system to track receipts and expenditures as they happen and generate reports from which you can build strategies and action plans. By managing your finances on a daily basis, you'll be able to anticipate everything from sales decisions, to purchasing, hiring, time off, and more.
Listen now
It's vital that you figure out a system to track receipts and expenditures as they happen and generate reports from which you can build strategies and action plans. By managing your finances on a daily basis, you'll be able to anticipate everything from sales decisions, to purchasing, hiring, time off, and more.
Listen now
Step 5: Give Credit to Your Credit
Optimize your personal and business credit picture, so your chances of acquiring money from lenders are the best they can be. Whether you need to clean up your credit, establish personal credit or open a business account, you'll learn helpful tips so you can better manage your business.
Listen now
Optimize your personal and business credit picture, so your chances of acquiring money from lenders are the best they can be. Whether you need to clean up your credit, establish personal credit or open a business account, you'll learn helpful tips so you can better manage your business.
Listen now
Step 6: Find Your Funding, But Be Ready
One of the keys to launching a viable business is getting access to capital. In this step, we'll explore the many ways to fund your business: bootstrapping, debt financing, grants, friends and family, angel investors, factoring, and venture capitalists.
Listen now
One of the keys to launching a viable business is getting access to capital. In this step, we'll explore the many ways to fund your business: bootstrapping, debt financing, grants, friends and family, angel investors, factoring, and venture capitalists.
Listen now
Step 7: Choose Your Bank Wisely
One of the most important relationships you can have as a small business owner is the one you build with your bank. Choosing the optimal bank can save you from unnecessary fees, mismatched needs and services, and other financial headaches.
Listen now
One of the most important relationships you can have as a small business owner is the one you build with your bank. Choosing the optimal bank can save you from unnecessary fees, mismatched needs and services, and other financial headaches.
Listen now
Step 8: Tame Your Taxes
Our approach to taming your taxes is straightforward: Plan, prepare, and be proactive. Like the other processes in financial planning, the more work that you do in advance with your accountant, the more it will help your business through "tax season" and minimize the toll that taxes have on your business.
Coming soon!
Our approach to taming your taxes is straightforward: Plan, prepare, and be proactive. Like the other processes in financial planning, the more work that you do in advance with your accountant, the more it will help your business through "tax season" and minimize the toll that taxes have on your business.
Coming soon!
