Readers enjoyed a collection of articles about different ways to fine-tune their small businesses this week. From credit policies to cash flow, and even the most effective way to register your business, these tips can help fine tune a growing operation.
Countdown: March 11th, 2011
#5: The S Corp Versus the LLC (via Small Business Trends)
Do you know the difference between the two? Depending on how you’d like to own and operate your business, you might want to consider which option fits best. Check out the facts in this reader-favorite article.
#4: Is Your Revenue Model Right For Your Business? (via AE Open Forum)
Are you a champion of the “freemium to premium” model? Or do only high-margin goods belong in your marketplace? Readers enjoyed this article as a reference to many popular revenue models for today’s small businesses.
#3: Establishing a Formal Credit Policy (via AllBusiness)
Are you cutting certain customers some credit slack, but not others? Diligence, organization, and strong policies go a long way toward keeping your accounts up-to-date. Establishing a formal policy for your customer accounts was a reader-favorite article this week.
#2: How to Maintain Positive Cash Flow During Hard Times (via AE Open Forum)
Not too surprised that this is a reader favorite. Maintaining a strong cash flow can be a critical strategy toward keeping a small business above water.
#1: An Alternative Financing Option for Startups (via WSJ)
The top article of the week sounds dedicated to the rock star entrepreneur with a blazing new idea. Heard of royalty financing? Readers enjoyed learning about an alternative way to finance startups aside from persuading reluctant, wealthy family members or praying for angel capital.
You won’t need to break out the toolbox to make these adjustments to your business since an open mind and some guts are the only tools you need. This reader-voted collection is definitely some food for thought as the first quarter of 2011 comes closer to an end.
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As always, stay tuned for next week’s collection.
