Before you begin mapping your financial targets and goals for 2019, you must plan your budget. The right budget can help you prepare for taxes, identify seasonal peaks and lulls, explore growth opportunities, gauge your small business’s performance, and achieve your 2018 goals.
This guide, based on an exclusive survey of restaurant owners, government and industry data and interviews with Kabbage restaurant customers, provides tips for succeeding amid tight margins and fickle customers.
How to Plan Your Yearly Small Business BudgetKabbage
Before you begin mapping your financial targets and goals for 2020, you must plan your budget. The right budget can help you prepare for taxes, identify seasonal peaks and lulls, explore growth opportunities, gauge your small business’s performance, and achieve your 2020 goals.
18 proven ways to help your business loan application succeedMerchant Advisors
Filling out a business loan application can be intimidating for most businesses. Here are some proven ways to help you get your loan application succeed. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-loan-application/
This guide, based on an exclusive survey of restaurant owners, government and industry data and interviews with Kabbage restaurant customers, provides tips for succeeding amid tight margins and fickle customers.
How to Plan Your Yearly Small Business BudgetKabbage
Before you begin mapping your financial targets and goals for 2020, you must plan your budget. The right budget can help you prepare for taxes, identify seasonal peaks and lulls, explore growth opportunities, gauge your small business’s performance, and achieve your 2020 goals.
18 proven ways to help your business loan application succeedMerchant Advisors
Filling out a business loan application can be intimidating for most businesses. Here are some proven ways to help you get your loan application succeed. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-loan-application/
Contemplating on closing your business? It might not be your best exit strategy at the moment. Why not Sell it?
We at LINK Philippines offer 9 steps on how we get it done for business owners seriously motivated to Sell their business.
For more details you may reach me at:
M | 0928 - 392 - 0356
E | kirk.go@linkphilippines.ph
Deciding to sell the company in which you have labored and invested will be one of the most important business decisions you will make. Understand the process with this straightforward guide from Wilcox, Swartzwelder & Co.
12 reasons why you should change your accountant today?Simon Howitt
We have produced this E book for you to help guide your thinking about changing your
accountant or at the very least reviewing the value of that supplier, in terms of their quality
and effectiveness of service and advice they provide for you – for the price they charge.
DocSend Fundraising Research: What we Learned from 200 Startups Who Raised $360MDocSend
Why do some startups get funded? What makes for the best pitch? How does the process work?
DocSend recently teamed up with Professor Tom Eisenmann from Harvard Business School. Together, we conducted research that gave us the answers to those questions. We studied the fundraising of 200 startup companies as they went through their Series Seed and Series A rounds. Altogether, these companies raised more than $360 million.
Why this data is awesome:
Fundraising is a historically opaque endeavor. There’s very little data available and most advice tends to be anecdotal. DocSend is in the unique position of being able to quantitatively analyze the interaction between founders and investors, and tie that to fundraising outcomes in a statistically meaningful way.
Why we built this report:
DocSend aims to help companies share documents in a smarter, safer, and more impactful way. We believe this research is in service of that mission and can help push the startup ecosystem forward as a whole.
Background on DocSend:
DocSend helps sales people track and control documents they send to clients. We’ve also become very popular amongst founders in the fundraising process. Hundreds of startups have used our platform to circulate pitch decks to investors.
Ready to ditch email attachments and put your pitch materials to work for you?
Sign up for a free plan at docsend.com
With growth slowing and cash getting tighter, now is the time to reduce the working capital tied up in receivables.
In the first of two China papers we focus on reducing trading risk and freeing up cash from receivables. In the second, we suggest that uncertainty can be exploited to grow market share and profitability.
BoyarMiller Breakfast Forum: The Current State of the Capital Markets 2018BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a moderated discussion on the Current State of the Capital Markets. Speakers included Mark Montgomery with BBVA Compass, Ali Nasser with AltruVista, and Scott Winship of GulfStar Group.
Top 10 SME Finance Tips For EntrepreneursM1xchange
Starting and running a small business can be challenging, especially when it comes to financing. As an entrepreneur, you need to ensure that your business has enough capital to sustain its operations and growth. However, managing finances is easier said than done. To help you out, we've compiled the top 10 SME finance tips for entrepreneurs.
Contemplating on closing your business? It might not be your best exit strategy at the moment. Why not Sell it?
We at LINK Philippines offer 9 steps on how we get it done for business owners seriously motivated to Sell their business.
For more details you may reach me at:
M | 0928 - 392 - 0356
E | kirk.go@linkphilippines.ph
Deciding to sell the company in which you have labored and invested will be one of the most important business decisions you will make. Understand the process with this straightforward guide from Wilcox, Swartzwelder & Co.
12 reasons why you should change your accountant today?Simon Howitt
We have produced this E book for you to help guide your thinking about changing your
accountant or at the very least reviewing the value of that supplier, in terms of their quality
and effectiveness of service and advice they provide for you – for the price they charge.
DocSend Fundraising Research: What we Learned from 200 Startups Who Raised $360MDocSend
Why do some startups get funded? What makes for the best pitch? How does the process work?
DocSend recently teamed up with Professor Tom Eisenmann from Harvard Business School. Together, we conducted research that gave us the answers to those questions. We studied the fundraising of 200 startup companies as they went through their Series Seed and Series A rounds. Altogether, these companies raised more than $360 million.
Why this data is awesome:
Fundraising is a historically opaque endeavor. There’s very little data available and most advice tends to be anecdotal. DocSend is in the unique position of being able to quantitatively analyze the interaction between founders and investors, and tie that to fundraising outcomes in a statistically meaningful way.
Why we built this report:
DocSend aims to help companies share documents in a smarter, safer, and more impactful way. We believe this research is in service of that mission and can help push the startup ecosystem forward as a whole.
Background on DocSend:
DocSend helps sales people track and control documents they send to clients. We’ve also become very popular amongst founders in the fundraising process. Hundreds of startups have used our platform to circulate pitch decks to investors.
Ready to ditch email attachments and put your pitch materials to work for you?
Sign up for a free plan at docsend.com
With growth slowing and cash getting tighter, now is the time to reduce the working capital tied up in receivables.
In the first of two China papers we focus on reducing trading risk and freeing up cash from receivables. In the second, we suggest that uncertainty can be exploited to grow market share and profitability.
BoyarMiller Breakfast Forum: The Current State of the Capital Markets 2018BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a moderated discussion on the Current State of the Capital Markets. Speakers included Mark Montgomery with BBVA Compass, Ali Nasser with AltruVista, and Scott Winship of GulfStar Group.
Top 10 SME Finance Tips For EntrepreneursM1xchange
Starting and running a small business can be challenging, especially when it comes to financing. As an entrepreneur, you need to ensure that your business has enough capital to sustain its operations and growth. However, managing finances is easier said than done. To help you out, we've compiled the top 10 SME finance tips for entrepreneurs.
Survey: A Portrait of How U.S. Small Businesses Get Started Intuit Inc.
At Intuit, our mission is to enable more small business to succeed. That’s why we decided to look more closely at the root causes of low survival rates among small businesses. We conducted a nation-wide survey that provides a snapshot of how small businesses get started, and some of the common risks that pop up in the early years.
An ultimate guide on bootstrapping your small business in 2019Merchant Advisors
Considering self-financing your small business? Here is the ultimate guide on how to bootstrap your small business instead of turning to others for funding. For more information, visit at https://www.onlinecheck.com/blog/small-business-resources/bootstrapping-your-small-business/
Financial advisors provide advice relating to investment strategies, mutual funds, bonds, and stocks, and their knowledge is more necessary than ever as Baby Boomers near retirement. Here's how to start your career as a financial advisor. In other words financial planning is the process of assisting the house owners in meeting their goals like child’s education, car purchase, vacation, retirement and so on, by way of appropriate management of the finances.
For more information visit now http://www.financialadvisertips.com
This e-book has been written for information purposes only. Every effort has
been made to make this ebook as complete and accurate as possible.
However, there may be mistakes in typography or content. Also, this ebook
provides information only up to the publishing date. Therefore, this ebook
should be used as a guide - not as the ultimate source.
The purpose of this ebook is to educate. The author and the publisher does
not warrant that the information contained in this e-book is fully complete
and shall not be responsible for any errors or omissions.
The author and publisher shall have neither liability nor responsibility to any
person or entity with respect to any loss or damage caused or alleged to be
caused directly or indirectly by this ebook.
5 Rules for an Entrepreneur - Practical Tips to starting rightRuth Rey Clark
As an entrepreneur, you need to be able to quickly identify the risks and opportunities in any new business venture. If you’re thinking about starting your venture, there are some rules that all entrepreneurs should follow as part of their business plan. These will guide them through the ups and downs of this challenging new role. Here are the five rules for an entrepreneur that you should know to succeed as an entrepreneur.
Start Building Your Business's Credit NowLease Funders
Learn the steps to get your business' credit started and start taking advantage of the benefits of having good credit. Get helpful tips on how to build your business's credit now.
5 mistakes to avoid when opening an accounting firmCEO Blog Nation
To position your accounting firm for success, it’s important to avoid some of the most common mistakes. These mistakes can become hurdles for you, in boosting your business. Check out this valuable blog shared by CEO Blog Nation and learn how to develop your accounting firm.
Approaching Your BankerTips1. Keep in mind tha.docxrossskuddershamus
Approaching Your Banker
Tips
1. Keep in mind that to stay in business banks need to make loans.
Do not be afraid to ask for one. That is what the Commercial Account Manager wants you to do. To increase your chances of getting a loan, look for a bank that is familiar with your industry and who has done business with companies like yours. Seek out banks that are active in small business financing. Some banks lend on a conventional basis (lending money without government support), while some banks participate in government programs (in the form of government participations involving direct government funds or loan guarantees). However, be aware that banks often demand stiff collateral requirements for start-ups.
2. As an entrepreneur, make sure that you are thoroughly prepared when you go to your banker's office to request a loan.
You need to show your bankers that a loan to you is a low-risk proposition. Have on hand a completed Business PlanManagementMarketsMaterialsMoney Copies of cash flow (12Mth) Financial statement projections (3-4yrs)
3. Learn to anticipate every question that he or she has. Remember, the combination of information and preparation is the most powerful negotiating tool in the world. A confident and thoroughly prepared borrower is four times more likely to have his or her loan approved than a borrower who does not know the answer to some of the basic questions a banker asks. To show the extent of your preparedness, your business plan should also include answers to your banker's questions.
These questions normally are:
How much money do you need? Be as exact as possible; although adding a little extra for contingencies will not hurt. How long do you need it for? Be prepared to go into detail about what the money will do for you and why your business is a good risk. What are you going to use it for? Businesses use loans for three things: to buy new assets, pay off old debts, or pay for operating expenses. When and how you will repay for it? Your cash flow projections should provide a repayment time frame. Convince the banker of the long-term profitability of your business and your ability to repay the loan by using your financial projections and business plan. What will you do if you do not get the loan? Is your request Safe and Sound.
4. Do not take an apologetic and negative attitude. Keep your negativity in check. Present yourself as an entrepreneur who can and will repay the loan. Boost your image by providing your Commercial Account Manager with any promotional materials about your business, such as brochures, ads, articles, press releases, etc.
5. Dress in a professional manner for the interview. This is a business transaction, so treat it as such.
6. Do not stretch the truth in your loan application. Broad, unsubstantiated statements should be avoided. The lender can easily check many of the facts on your application. If you cannot support statements with solid data, then don't make them.
Here are the best 9 ways you can improve your company’s Financial Management Processes: 1. Identify Bottlenecks In Financial Management 2. Sustain A Good Business Credit 3. Support Your Finance Department 4. Monitor Return On Investment
The Complete Process of an SME Loan Applicationsmeguru.sg
Singapore’s economy is driven by small and medium-sized enterprises, which make up about 99% of all enterprises. Thus, SME financing accounts for a significant segment of the business financing market, where working capital is given out to companies through different SME loan products.
Apart from the traditional banks and financial institutions that still provide the majority of business loans in Singapore, financial technology (FinTech) is rising and fast, making its presence known as an alternative source of business financing.
Fundraising (Comprehensive) PowerPoint Presentation 155 slides with 2 diagra...Andrew Schwartz
PowerPoint Presentation Content Slides Include:
• Definition/s of fundraising
• Learning objectives for this presentation
• What fundraising for-profits is (9 points)
• Easy tips for fundraising (27 points)
• Angel investors (4 points)
o Is your business is suitable for angel investment (16 points)
• Venture capitalism (4 points)
o Venture capital firms (7 points)
o Venture capitalists (5 points)
o Should use venture capital for financing (12 points)
• Beware of debt overload and simple debt indicators (27 points)
o How much money you need (16 points)
Six questions to determine startup cost
o Borrowing money from friends and family (15 points)
• Seller financing (13 points)
o Why a seller would offer financing (6 points)
o Why a buyer should ask a seller for financing (6 points)
o How seller financing is usually secured (16 points)
o How both the buyer and seller can benefit (11 points)
• Business loans
o Types of business loans (26 points)
o Applying for a business loan through a bank (31 points)
o Getting a bank loan approved (12 points)
o The government’s role (6 points)
• Actions steps (16 points)
Use These Five Step to Ensure the Future Success of Your BusinessMatthew Wirgau
Business is unpredictable, and the one thing we know for sure is that we will face changes and challenges.
To ensure success, you must rigorously measure the performance of your business.
We have identified five key strategic areas to help you determine if your business will be successful in the future.
They will help you get started on deriving your own solutions to the key challenges, hurdles, and problems you may face.
Over the next few pages we review five (5) key strategic elements on which all business owners–CEOs– Presidents should focus to be successful.
My Money Story Series: Credit Karma Talks Finances, Credit, and DebtKabbage
Visit our SlideShare to learn from our partner, Credit Karma, why you should check and build your credit report, best practices for establishing financial health, and how to recover from debt.
We’ve teamed up with our partner, Bench Accounting, to offer insight into how you can optimize your business finances. During this webinar you'll learn best practices for managing your bookkeeping and accounting, as well as critical cloud software that can support you during tax season and save you time and money throughout the year.
Identifying the Right Software for Your Small BusinessKabbage
As a small business, do you know how to get the most out of the software that’s out there? In this presentation our partner, Fit Small Business, will give actionable tips on how to select a VoIP provider, CRM software, website builder and point-of-sale system.
Leadership Matters: Lessons from the GridironKabbage
With NFL Hall of Famer & Legendary Entrepreneur, Fran Tarkenton.
Learn how your ‘game day’ routine can help you create winning habits. Fran has mastered principles that transcend from the gridiron to the marketplace, and who has mentored thousands of small business owners like you!
The Pros & Cons of Small Business Funding OptionsKabbage
Watch this presentation as we walk through why you should consider outside funding, the factors to consider, and the pros and cons with each of the options – from online loans and credit cards to peer-to-peer lending, crowdfunding and business grants.
Finding, Hiring and Engaging Superstar Employees for Your Small BusinessKabbage
If you’re a small business owner, you spend a lot of your time wearing many hats. One of them is the human resources (HR) hat that requires you to recruit, hire, train, evaluate, compensate, and engage with employees – all while you are managing everything else. With so many moving components, how do you achieve HR excellence in a small business?
This presentation covers the five best practices that small business owners should execute to find, hire, and engage superstar employees
3 Steps to Improve Your Business Credit Report: Establish, Build & MonitorKabbage
Most business owners understand the importance of a good credit score, but how do you start building your business credit when you don’t quite understand the process? Learn best practices to build a positive business credit profile from Tim Graczewski, our Creditera partner.
Tim reviews the major differences between personal and business credit scores and how to understand your business credit report.
Earning Your Cred: Understand & Leverage Business Credit Kabbage
If you’re a business owner and need additional funds to grow, you might be curious about business credit… what is it, how do you get it, and how do you use it? Business credit can be really powerful for business owners. It can help you fill short-term cash flow gaps, hire new employees, buy inventory, set-up a new website, launch a new marketing campaign, and more. But, it’s really important to understand the ins and outs of business credit and how to leverage it properly. In this webinar, together Experian and Kabbage will cover:
-Basics of business credit
-Why business credit is important
-Maintaining business credit separately from personal credit
-How to establish and grow business credit
-Planning ahead by understanding what can improve a credit score
-Understanding business credit and loans
-Kabbage credit – data vs. business credit
-Case studies from business owners who have leveraged business credit
Chances are you've heard the buzz phrases "content marketing" and "content is king" in the last year or two. A lot of big brands from Coca-Cola to Gap are talking about their content marketing strategies they're using to reach their customers. But what does it even mean to have a content marketing strategy? And how can you use one at your small business, with limited time and a limited budget?
Kabbage's Head of Inbound & Content Marketing, Jeanna Barrett, will unlift the veil of how we use content marketing at Kabbage and share the exact tips and strategies she's used to double website traffic and triple customers.
In this webinar, you'll learn practical content marketing tips you can use for your business such as:
What content marketing is and why it matters to Google
Key components to your strategy - from keywords to content calendars and themes
Free to inexpensive tools to get the content job done right
How to source freelancers, and create content inexpensively
Managing and distributing your content
Small business content marketing case studies and best practices
How to Optimize Your Business Website for the Holiday SeasonKabbage
During the holidays, consumer spending is at an all-time high, and you want your business to be prepared as your customers start swiping their credit cards.
Your business website is often the first calling card that potential customers look to when deciding to spend. Even if you don’t have an eCommerce website with a shopping cart, potential customers are online researching where to shop, who has the products they’re looking for, and what discounts are available.
Whether you sell online or at a brick and mortar business, you need to optimize your business website for the holidays (and beyond). This webinar will help you with the tools to do just that. Our guest speakers, Josh Steimle, CEO of MWI and Hassan Bawab, CEO & Founder of Magic Logix, will cover:
-What every small business website must include
-How to use use past holiday website data & capture new data to spot trends
-Tips on holiday digital marketing: SEO, PPC, social media & content
-How to optimize your website for increased holiday traffic
-Must-dos to prepare your business website for the mobile revolution
-Website design tips – home page design, shopping carts
How to Build a Killer Customer Loyalty Program for Your Business Kabbage
The concept of a customer loyalty program is simple – your customers are rewarded for repeating their business, and your revenue as a business increases from their support. Most big brands from Starbucks to Safeway, Walgreens and Best Buy feature customer loyalty programs. But customer loyalty isn’t just for big business – it’s a key strategy for small business owners to scale revenue and build lasting relationships with the people who matter most – loyal fans of your business and product. In this webinar, we’ll go over everything you need to know to build a killer customer loyalty program, including:
- How to define customer loyalty and why it's important
- How to do customer loyalty right: the dos and don'ts
- Using data and mobile to drive loyalty
- Importance of branding and fraud prevention
- Loyalty apps and tools to use
- How customer loyalty can be used in each business industry/vertical
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
Techniques to optimize the pagerank algorithm usually fall in two categories. One is to try reducing the work per iteration, and the other is to try reducing the number of iterations. These goals are often at odds with one another. Skipping computation on vertices which have already converged has the potential to save iteration time. Skipping in-identical vertices, with the same in-links, helps reduce duplicate computations and thus could help reduce iteration time. Road networks often have chains which can be short-circuited before pagerank computation to improve performance. Final ranks of chain nodes can be easily calculated. This could reduce both the iteration time, and the number of iterations. If a graph has no dangling nodes, pagerank of each strongly connected component can be computed in topological order. This could help reduce the iteration time, no. of iterations, and also enable multi-iteration concurrency in pagerank computation. The combination of all of the above methods is the STICD algorithm. [sticd] For dynamic graphs, unchanged components whose ranks are unaffected can be skipped altogether.
As Europe's leading economic powerhouse and the fourth-largest hashtag#economy globally, Germany stands at the forefront of innovation and industrial might. Renowned for its precision engineering and high-tech sectors, Germany's economic structure is heavily supported by a robust service industry, accounting for approximately 68% of its GDP. This economic clout and strategic geopolitical stance position Germany as a focal point in the global cyber threat landscape.
In the face of escalating global tensions, particularly those emanating from geopolitical disputes with nations like hashtag#Russia and hashtag#China, hashtag#Germany has witnessed a significant uptick in targeted cyber operations. Our analysis indicates a marked increase in hashtag#cyberattack sophistication aimed at critical infrastructure and key industrial sectors. These attacks range from ransomware campaigns to hashtag#AdvancedPersistentThreats (hashtag#APTs), threatening national security and business integrity.
🔑 Key findings include:
🔍 Increased frequency and complexity of cyber threats.
🔍 Escalation of state-sponsored and criminally motivated cyber operations.
🔍 Active dark web exchanges of malicious tools and tactics.
Our comprehensive report delves into these challenges, using a blend of open-source and proprietary data collection techniques. By monitoring activity on critical networks and analyzing attack patterns, our team provides a detailed overview of the threats facing German entities.
This report aims to equip stakeholders across public and private sectors with the knowledge to enhance their defensive strategies, reduce exposure to cyber risks, and reinforce Germany's resilience against cyber threats.
Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...John Andrews
SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation"
Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults
Description:
Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project.
Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas
2. TABLE OF CONTENTS
1
2
5
6
7
8
9
10
INTRODUCTION
PLANNING YOUR BUDGET
SIGNS YOU MIGHT NEED ADDITIONAL FUNDING
KEEP YOUR EYE OUT FOR LENDING SCAMS
TIPS TO CONSIDER WHEN LOOKING FOR FUNDING
THE EFFECTIVENESS OF SMALL BUSINESS MENTORSHIP
6 FUNDING OPTIONS FOR SMALL BUSINESS OWNERS
CONCLUSION
Business by the numbers
2019 budget checklist
Funding forecast
Watching for fraud
Focus on funding
Business mentorship
Funding options
3. INTRODUCTION
28.8
58%
52%
75%
38%
10K
SMALL BUSINESS BY THE NUMBERS HOW THE 2019 TAX
PLAN AFFECTS
SMALL BUSINESSES
FACTORS TO CONSIDER
million small business in
the U.S.
of loans to small
businesses are approved
by alternative lenders
of small businesses are
home-based
of small business owners
use personal finances for
startup funding
of small business owners
saw increases in revenue
from 2016
is the average amount of
startup capital needed
$
20%
25-35
21-35%
reduction in taxable
income
million Americans now
want to form a business
entity
decrease in corporate
tax rate
1
*Click numbers to see sources
4. 2019 BUDGET CHECKLIST
If you’ve never planned a budget, check out
Prepare for taxes
Identify seasonal peaks and lulls
Explore growth opportunities
Gauge your small business’s performance
Achieve your 2019 goals
2
Planning Your 2019 Budget
Before you begin mapping your financial targets
and goals for 2019, you must plan your budget.
The right budget can help you:
SCORE’s financial planning templates
5. PLANNING YOUR 2019 BUDGET
3
Review your 2018 budget
Project your income and expenses
Before you plan your 2019 budget, review your 2018 budget, if
you had one. Go through it to determine how closely it matched
your goals, projections, income and expenses. You can also
see where your seasonal peaks and lulls occurred, helping you
determine when you might see lulls in cash flow or spikes in
the future.
Your income and expenses let you know how
well your small business is performing. Startups
are more likely to see red than black. As you
budget each year, you should slowly be able
to see the red decreasing, eventually turning
black.
Project your income by reviewing previous
quarters to create a realistic estimate of how
much revenue you plan to bring in 2019 Factor
in any upcoming quarterly growth programs
you plan to use to increase profits. Once your
income is projected, move on to your expenses.
1
2
First, review your fixed expenses. These are
your expenses you know you will have each
month or quarter, such as rent, payroll and
insurance. Then, include fluctuating expenses
for each month and quarter as well. This
includes expenses such as increases in office
supplies, inventory costs, employees and
invoices. Finally, include any expenses that can
happen unexpectedly. This includes broken
equipment, natural disasters and store closures.
6. PLANNING YOUR 2019 BUDGET
4
Determine your priorities
Document your new 2019 budget
What do you want to focus on the most this year for your small
business? Are you looking to expand to a second location or an
online store? Are you looking to grow your marketing strategies?
Perhaps you want to hire more employees. Determining your
top priorities helps you allocate funding toward those goals and
highlights where to scale back to accommodate those goals.
It’s important to review your budget each
quarter or month to see how well your small
business is sticking to it. As your business’s
needs change, your budget will change.
Reviewing your budget on a continuous
basis can help you readjust where needed,
find growth opportunities or make additional
investments other areas of your small business.
3
4
When looking at your budget, you might see
some periods of highs and lows affecting
your cash flow. There may also be times
when you run into unexpected expenses that
can cause a hiccup in your budget. During
these times, you might need to rely on
some extra funding to help tide you over.
7. 1 2 3
Almost all small business owners
have struggled with cash flow gaps.
Sometimes the gaps come from
seasonal lulls or lack of foot traffic,
while other times it comes from late
invoice payments. Either way, not
having the funds to pay your operating
expenses could jeopardize your small
business and client relationships, or
your vendors.
Sometimes your small business will
need extra inventory, especially during
its busy season. You may also purchase
additional inventory for products
or services not offered by your
competitors. With extra capital, you
can meet your seasonal needs or give
you a leg up in the industry.
All businesses need equipment.
Whether it’s machinery for your
construction company, ovens for
your restaurant or computers for your
office, proper equipment keeps your
small business running smoothly. Your
equipment might also need repairs or
replacement from time to time. Don’t
let these costs hurt the success of your
small business. A line of credit can help
you cover these short-term costs.
FUNDING FORECAST
5
4
Signs You Might Need
Additional Funding
Covering Cash Flow Purchasing Inventory Upgrading or Replacing
Equipment
Marketing Costs Expanding Your Business Hiring and Payroll Needs
65
Once you’ve determined your funding needs, the next step is to research various
lenders to find the right fit (and avoid any scams).
CLICK ON THE
LINKS FOR MORE
INFORMATION
Your small business needs a great
marketing strategy to fulfill its
potential. From search engine
optimization (SEO) to events to
social media, the right strategy can
help you reach new consumers
beyond your local reach. You
can also use funding to attend
conferences for networking needs.
Expanding your small business can
range from opening a second store,
offering more products or services
or creating an online store. If you’re
not expanding your small business,
you could be leaving money on the
table. Expansion can be costly, and
with a line of credit, you can expand
your small business sooner than
expected.
Hiring is a sign of growth for small
businesses. Your employees make
up the foundation of your company
and exhibit your business’s vision,
ideals and values. Hiring the right
people can help your business’s
efficiency and productivity. You can
use a line of credit to help cover
hiring costs and payroll costs during
your seasonal lulls.
8. WATCHING FOR FRAUD
6
Keep Your Eye Out for
Lending Scams
Unfortunately, not all lenders are honest, and there are plenty of
lenders looking to profit on a small business owner in need of
some extra funding. Here’s how to avoid scammers.
Lending scams aren’t the only threats to your financing options. Look at your
business as a whole when you look for funding to get a better view of where
you stand and what you could receive
3 TIPS FOR FINDING A SAFE LENDER: 3 ORGANIZATIONS TO REPORT SCAMS TO:
Look for a physical address.
Research third-party
verification.
Look for reviews from other
business owners.
1. 1.
2. 2.
3. 3.
The Federal Trade Commission
(FTC)
The National Fraud Information
Center
ScamBusters
9. FOCUS ON FUNDING
7
Tips to Consider When Looking
for Funding
Research all funding options available to your
small business. Compare rates, application
requirements, processing time and loan terms.
Establish good credit before taking out a
small business loan. This can be done through
applying for a business credit card and making
all payments on time.
Your business plan is the map of your small
business’s growth and success. Keep current
with your financial projections, marketing
strategies and development efforts. You can
articulate your plan to lenders and investors to
better secure your chances of funding.
LOOK AT YOUR OPTIONS1
2
3
START BUILDING BUSINESS CREDIT
FOCUS ON YOUR BUSINESS PLAN
You should also consider investing in
a mentor to help guide you through
the process. Small business mentors
have experience in growing their
businesses, and financing plays a
large part into that growth. Their
knowledge can help you avoid
unnecessary mistakes.
10. BUSINESS MENTORSHIP
8
The Effectiveness of Small
Business Mentorship
70%
83%
88%
42%
of business owners with
a mentor survive more
than 5 years
Businesses with mentors
increase revenue by
of small business owners
value their mentors
Startups with mentors
increase revenue by
To find a small business mentor
Once you’re done
researching a small
business mentor,
it’s time to dive into
researching what type
of funding will work best
for your small business.
visit SCORE.
*Click numbers to see sources
11. FUNDING OPTIONS
9
6 Funding Options for
Small Business Owners
A business loan usually from the bank,
which are typically approved upon
personal credit and usually require
collateral.
Funds raised over the internet by
people who support and believe in your
business. Crowdfunding sites include
GoFundMe, Kickstarter and Indiegogo.
Loans given through the Small Business
Administration (SBA), which includes
microloans, general small business
loans, real estate & equipment loans and
disaster loans.
Capital for startups usually in exchange
for convertible debt or ownership equity.
Capital provided by online lenders who
analyze a variety of aspects to determine
eligibility, loan amount and interest
rates; these are usually short-term loans,
ranging from 6-months to 18-months.
Provides businesses with upfront cash in
exchange for a portion of future credit
card sales.
TRADITIONAL LOANS CROWDFUNDING1 4
2 5
3
6
SMALL BUSINESS ADMINISTRATION LOANS ANGEL INVESTING
ONLINE BUSINESS LOANS
MERCHANT CASH ADVANCES
12. CONCLUSION
Kabbage is here to help you grow and succeed in your small business.
10
Your small business might need outside
funding from time to time, and Kabbage
is here to help. With more than $4 billion
extended directly to small business owners,
Kabbage empowers small businesses
through straightforward, flexible access to
capital. We also aim to help you grow your
small business through free marketing tips,
videos, webinars, guides, tools and more.
CHECK OUT OUR
BLOG
RESOURCES