Tiffany C. Wright
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Tiffany C. Wright's latest writings
Working Capital for Business
One of the greatest needs that small businesses have is the need for working capital . Working capital is the lifeblood of the business, the fuel that funds the daily operations and ability to pursue near-term growth opportunities for the business. Working capital is officially defined as “….”. The financial equation for determining working capital is as follows: (Account receivables + inventory + cash... (posted by Tiffany C. Wright 1 year 38 days ago.)
One of the greatest needs that small businesses have is the need for working capital . Working capital is the lifeblood of the business, the fuel that funds the daily operations and ability to pursue near-term growth opportunities for the business. Working capital is officially defined as “….”. The financial equation for determining working capital is as follows: (Account receivables + inventory + cash... (posted by Tiffany C. Wright 1 year 38 days ago.)
How to Transition from Corporate America to Small Business Ownership
With so many professional people being laid off in the past 18 – 24 months, and with so many of them having experienced difficulty finding new positions at similar titular levels and pay, many of these people are considering transitioning to small business ownership. Some are considering purchasing franchises, others are considering buying a small business in the area, still... (posted by Tiffany C. Wright 1 year 38 days ago.)
With so many professional people being laid off in the past 18 – 24 months, and with so many of them having experienced difficulty finding new positions at similar titular levels and pay, many of these people are considering transitioning to small business ownership. Some are considering purchasing franchises, others are considering buying a small business in the area, still... (posted by Tiffany C. Wright 1 year 38 days ago.)
Four Ways to Make Your Business Virtual
With today's technology, it is now easier than ever to run your small business virtually. I remember reading about a company on the Inc. 500 list a couple years ago that had approximately $46 million in revenue and over 100 consultants but did not have a physical office. The three founders, who comprised the company’s executive management team, conducted interviews in Starbucks. Most of us have seen the... (posted by Tiffany C. Wright 1 year 58 days ago.)
With today's technology, it is now easier than ever to run your small business virtually. I remember reading about a company on the Inc. 500 list a couple years ago that had approximately $46 million in revenue and over 100 consultants but did not have a physical office. The three founders, who comprised the company’s executive management team, conducted interviews in Starbucks. Most of us have seen the... (posted by Tiffany C. Wright 1 year 58 days ago.)
Friends as Business Partners: Three Musts
How can friends who become business partners keep their partnership alive and thriving? This is an excellent question and a crucial one. While getting my MBA at Wharton, I worked for an M & A (mergers and acquisitions) boutique that valued companies. Many of these valuations were for breakups and many of the breakups were not amicable. Often, the "partners" (I use the term loosely since most of the companies... (posted by Tiffany C. Wright 1 year 58 days ago.)
How can friends who become business partners keep their partnership alive and thriving? This is an excellent question and a crucial one. While getting my MBA at Wharton, I worked for an M & A (mergers and acquisitions) boutique that valued companies. Many of these valuations were for breakups and many of the breakups were not amicable. Often, the "partners" (I use the term loosely since most of the companies... (posted by Tiffany C. Wright 1 year 58 days ago.)
How to Avoid Getting Turned Down for a Business Bank Loan
If you have been pursuing a business bank loan (term loan or line of credit) and have been turned down at least once if not more, ask yourself the following questions: · “Did we approach someone with signature authority or did we meet with a low level employee who has to fight for every dollar above $25,000 that he or she requests? · “Did we dress professionally... (posted by Tiffany C. Wright 1 year 58 days ago.)
If you have been pursuing a business bank loan (term loan or line of credit) and have been turned down at least once if not more, ask yourself the following questions: · “Did we approach someone with signature authority or did we meet with a low level employee who has to fight for every dollar above $25,000 that he or she requests? · “Did we dress professionally... (posted by Tiffany C. Wright 1 year 58 days ago.)
Why Build Business Credit?
Cash flow is the lifeblood of any business, no matter the size. If your company does not have adequate operational cash flow (cash generated on a daily or weekly basis from daily operation of your business), then you have to access cash from selling assets (cash flow from investing) or from financing. To access financing either you as the business owner or your business needs credit. If you want to keep your personal finances... (posted by Tiffany C. Wright 1 year 58 days ago.)
Cash flow is the lifeblood of any business, no matter the size. If your company does not have adequate operational cash flow (cash generated on a daily or weekly basis from daily operation of your business), then you have to access cash from selling assets (cash flow from investing) or from financing. To access financing either you as the business owner or your business needs credit. If you want to keep your personal finances... (posted by Tiffany C. Wright 1 year 58 days ago.)
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