Small Business Financing Problems and How to Solve Them

Many, if not most, small businesses will experience financing problems at some point during their life. How well management deals with these problems will go a long way to determining the ultimate success or failure of the business. There’s an old saying in business; “Cash is king”, and so it is. There are many instances of businesses being profitable on paper only to be unable to sustain operations due to poor cash flow management.

The financing problems created by improper cash flow management are ranked high on the list of problems faced by business owners. In fact, the 2007 Small Business Survival Index ranks financing problems up on the list of small business problems along with taxes (which can create financial problems of their own), government regulation compliance, legal threats, and finding quality employees.

If your small business is experiencing financing problems, what can you do to solve them? You have several options. You can bring in more revenue, reduce expenses, or become more efficient at managing your cash flow. In most cases you would better served by doing all three. Let’s look at these solutions and how to achieve them.

Increasing revenue is certainly a worthy goal of every business, but may not in itself lead to a solution for your small business’s financing problems. This is because in many cases additional funds are necessary to support the larger operations that create the additional revenue. For example, if you have a contracting business, you’ll need more staffing to take on additional work, which will lead to a short term cash flow problem until collections catch up with your increased labor costs.

This can be seen for manufacturing businesses as well. As your business grows and production levels rise, your business will incur additional plant, equipment and labor costs to support the larger number of orders you’re receiving. Until your receivables catch up with your increased costs you will have financing problems.

This means that increasing revenue isn’t always a solution to cash flow problems,and can actually exacerbate them. Increasing revenue to solve small business financial problems is desirable in the long term, but will only help in the short term if the revenue increase can be obtained without substantially increasing costs or if your business operates on a chiefly cash basis. If you extend credit to your customers, the additional costs required to grow your revenue can easily lead you into a cash position that gets worse before it gets better.

What about reducing costs as a solution to improving financing problems? For most businesses, reducing costs, if it can be achieved without reducing revenue, or reducing costs associated with unprofitable revenue is of utmost importance. Not only do costs directly impact the bottom line, they can reduce the operating efficiency of the business, large or small. Traditionally the largest business expense is labor. While this rule isn’t always true, the majority of business owners can attest to the fact that labor costs are what keep them awake at night. The problem is reducing labor costs while protecting revenue.

The other cost that is especially troubling for many small business owners is taxes. In fact the American Institute of Certified Public Accountants (AICPA), who would be a position to know about such matters, ranked taxation issues as one of the three leading causes of small business bankruptcies. Reducing the tax burden by any legal means is vital to the long term success of your small business. This alone can reduce your financial problems to the point where cash flow problems disappear altogether.

Many small business use some form of financing to finance growth or smooth out the bumps in their cash flow picture. Weather the cash flow problems are caused by expanding operations, inefficiencies, or seasonal business cycles financing is another valuable tool available to the business owner to solve their cash flow issues. Financing solutions for small businesses are available in many forms, including lines of credit, loans, and additional investment provided through either equity or debt financing.

No matter the other problems faced by your small business, it’s clear that financing problems will always rank high on the list of problems faced by small business owners. It’s how well you deal with these problems that will determine the success you experience in your small business.

Hunting For Siberian Husky Pictures

One of the most photographed dogs in the world is the Siberian Husky and many people spend a great deal of time trying to find new sources for beautiful Siberian Husky pictures. If you spend enough time you can find a whole new source for Siberian Husky pictures that in some cases can even be free of charge and those are the best sites to find. Take a moment to get a little creative and see how many different sources you can find for beautiful Siberian Husky pictures.

A professional photographer knows how to get the most out of their subject and when a professional photographer sets about putting together a picture book of Siberian Husky pictures then the results can be fantastic. The beauty and detail captured in these high-resolution pictures are well worth any price you would pay for these books and the best part is that you get to keep them forever and enjoy the photos for many years to come.

When you are looking for an endless supply of quality but free Siberian Husky pictures just about the only place you can really go is the Internet. The trick is in knowing which websites to go to and find the best pictures along with the greatest variety. On the Internet there are a lot of message boards dedicated to the Siberian Husky and owners from all over the world will post pictures of their dogs on a regular basis so not only do you get a supply of constantly updated pictures but you will also get a variety from all over the world.

Many times an individual owner will host a website dedicated to their Husky and you can use this as a source for pictures as well. Many times a show dog owner will host a site as well and some of these pictures can be amazing. Many times the owner will keep a daily diary of their dog so not only can you see the Husky in its daily life but you can read about its habits as well.

You can find a huge variety of quality Siberian Husky pictures on the websites hosted by the various Siberian Husky breeders of the world. Breeders have a business to run and the better they make their dogs look the more apt you are to buy from them. This can work to your advantage as well because this can be a great supply of Siberian Husky pictures of not just one type of Husky breed but of many types of Huskies. You can learn a lot from the website of a breeder and you can also find some great Siberian Husky pictures there as well.

The Internet and your local book stores are just two sources for some of the best Siberian Husky pictures and if you use your imagination you can probably come up with more sources but you would be hard pressed to find a better supply of Siberian Husky pictures than the internet. So log on today and take your time finding all of those great pictures out there and enjoy!

College Football – Steve Sarkisian – A Real Breath of Fresh Air For Washington’s Huskies

He is apparently half-Armenian and half-Irish, 34 years old and the new head coach of the University of Washington’s football team. Meet Steve Sarkisian, young, energetic, successful and excited about the opportunity to turn around the fortunes of the Husky football program.

That will not be as difficult a problem as Washington’s current 0-12 season record might suggest. We are purposefully not mentioning the fired coach whom Sarkisian is replacing. Sarkisian and the University of Washington deserve a clean slate at this moment in time. The old guy is history better left unwritten.

Before he arrived in Seattle to be announced as the new coach, Sarkisian had never been head coach of a major college football program. Some pundits consider his hiring a liability because of his inexperience as a head coach. I consider his inexperience an asset because Sarkisian is not bringing with him a bunch of failed practices, tired beliefs about what worked 20 years ago, and old cronies as part of the coaching staff.

Just winning a single game next season will make him more successful than his predecessor.

Sarkisian has been the quarterback coach, offensive coordinator and assistant head coach for the University of Southern California the last 2 years. USC is a national powerhouse led by head coach Pete Carroll. So what’s the big deal with USC and Pete Carroll? Just this:

In the 7 years prior to this season, Carroll is 76-14 (84%) at USC, the best winning percentage of any current Division 1 coach with at least 5 years of experience. Carroll won National Championships in 2003 and 2004, won an unprecedented 6 consecutive Pac 10 titles and appeared in an NCAA record 6 consecutive BCS bowl games, won an NCAA record of at least 11 victories each season, and has been ranked in the AP Top 4 in each of those seasons.

This year the Trojans won their 7th consecutive Pac 10 title, and are again 11-1 going into their 7th consecutive BCS Rose Bowl appearance, this time against Penn State.

So what has Sarkisian had to do with Carroll’s success? He was there 7 of the last 8 years, first as the quarterback coach and then as the quarterback coach, offensive coordinator and assistant head coach the last 2 years. Sarkisian led the USC offensive effort while helping develop Heisman Trophy winners Matt Leinart (drafted by the Arizona Cardinals) and Carson Palmer (drafted by the Cincinnati Bengals). He also helped develop John David Brody (drafted by the Minnesota Vikings).

It’s also one thing to coach quarterbacks when you haven’t been one or been a very successful one, and another thing to do so as a great college quarterback, which Sarkisian was at Brigham Young University.

After two years at a community college, Sarkisian started for BYU as a junior, passing for 3,437 yards and 20 touchdowns. He finished his first season by going 31-for-34 for 399 yards and 3 touchdowns in BYU’s 45-28 victory over Fresno State, setting an NCAA record for completion percentage (91%), and 2 of his 3 incompletions were intentionally thrown out of bounds to avoid the pass rush.

As a senior, Sarkisian passed for 4,027 yards and 33 TDs with a 173+ pass efficiency rating, the best in the NCAA. BYU finished the regular season at 13-1, won the Western Athletic Conference Championship and then beat Kansas State 19-15 in the Cotton Bowl. He was selected as WAC Offensive Player of the Year and a second-team NCAA All-American.

While Washington will be Steve Sarkisian’s first head coaching job, he is clearly a winner as a player and a winner as a coach at USC.

Thus far, Sarkisian has made 2 quality decisions-he accepted the challenge at Washington and he didn’t keep any of the holdover coaches from the 0-12 team he inherited. Nice work, Steve. Who wants or needs winless coaches?

Sarkisian’s first order of business (besides hiring a staff and recruiting like there is no tomorrow) will be to change the culture of Washington’s program by restoring a winning attitude with belief.

Only time will tell how much success Sarkisian will enjoy with the Washington Husky football program, but one thing is for sure: Athletic Director Scott Woodward’s decision to hire him is a giant step in the right direction.

Copyright © 2008 Ed Bagley