UPDATE: This contest is now closed! We used a random number generator and the winner of the ticket goes to Denise Newberry! Congrats Denise - please contact firstname.lastname@example.org within the next 24 hours to collect your prize!
We have some EXCITING news for you today! Mountain America Credit Union is giving away a ticket to Alt Winter 2016!
They want you to Bring Home the Bacon, learn how to manage your blog as a business, and come to them with questions at the conference. So, to get your ideas flowing and your questions coming to the surface, here are 10 things every small business owner should know about their finances.
10 Things to Know About Your Finances
1. Cash is King.
At the end of the day every business needs to manage their cash flow cycle. Money comes in and money goes out in every business. It’s critical to manage this process. Also save some for a rainy day.
2. Keep Good Records.
Accurate financial statements show key information such as:
- Revenue Trends - Are they going up or down?
- Profit Margins - Are you charging enough to make money?
- Inventory Controls - How much is too much inventory?
3. Customer Service is Supreme.
Not only do you need to treat your customers well by delivering what you promise, but it is also important to KNOW your customers. Who are they? What do they want?
4. Watch Out for Big Brother.
Small businesses are heavily regulated. Stay on top of tax implications, human resource issues, and industry laws that need attention.
5. Be Ready for Change.
Markets are volatile, how quickly you adjust makes all the difference.
6. Shop the Competition.
Price isn’t everything to everyone, but it is to many.
7. Hire People You Can Trust.
You can’t be all things in your business. You need people you can count on.
8. Learn From Your Mistakes.
It happens. Everyone goofs up once in a while. Learn from them and don’t repeat them.
9. Seek Out a Mentor.
It’s great to have someone you can call to get advice. Sometimes just talking through things spurs ideas.
10. Have Fun!
So, what do you say, are you ready to Bring Home the Bacon?
Win a Ticket to Alt Winter 2016
In the comment section below, tell us why you want a ticket to Alt Winter 2016 no later than MIDNIGHT PST January 8, 2016 ( technically 11:59 PM tonight!). We will randomly choose one comment and post the lucky winner's name here tomorrow.
The fine print. Alt is in 12 short days. This ticket giveaway does NOT include TRAVEL or hotel accommodations or a seat at the opening night sponsor dinners. Before entering, make sure that coming to the conference is a realistic option. Once the winner is announced tomorrow, they will have 24 hours to contact Kelly to claim their ticket. This giveaway will not be eligible for a refund or cannot be exchanged for a different conference.