Usually when people start their own business, it’s to explore a passion they have, not to spend hours at a time on back-office work. That’s the reality of small business, though. One of the biggest headaches, and obstacles to growth, is cash flow. An American Express survey of more than 1,000 small businesses found that only about half of small business owners are confident in financial decisions about their future. Those with 20 or fewer employees are especially hampered, and the major problem is cash flow management.
Most small businesses are using two to three cash flow management products for at least five hours a week; 18% of them are spending 10-20 hours a week on the issue.
“The practical reality is, there’s a lot more to the business side of this,” Brett Sussman, head of marketing & sales for American Express Business Blueprint & Banking, told BOSS. “There’s a need to make that business side easier for small business. There may be a number of tools out there, but they’re often targeted to larger business owners. How do we make it easier to start a business, become lean in those early years, and do well? I always have the philosophy of ‘learn quickly and fail cheaply.’”
‘Systematic Shock’
この記事は The BOSS Magazine の July 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The BOSS Magazine の July 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
If I Only Had a Brain-Computer Interface - These medical miracles are changing what science thought possible
These medical miracles are changing what science thought possible. As Elon Musk once noted, How much smarter are you with a phone or computer or without? You're vastly smarter, actually. You can answer any question pretty much instantly. You can remember flawlessly. Your phone can remember videos, pictures perfectly. Your phone is already an extension of you. You're already a cyborg.
What's Your Flavor?
Personalizing food with the power of Al
MAKE THE MONEY LAST
OUTLIVING OUR SAVINGS IS THE NO. 1 RETIREMENT CONCERN. THESE ARE SOME WAYS TO OVERCOME THAT.
United Site Services: Procurement Progression
With their digital evolution underway, the portable sanitation powerhouse is rethinking their approach to procurement and sourcing - and change management is just one key to its success
Natural Selections
Balancing synthetic biology with sustainable materials production
OPEN MINDS
WHAT RESCHEDULING WILL MEAN FOR MEDICINAL CANNABIS RESEARCH
it takes a village
Revolutionizing multifamily living and bolstering property profitability
COLD CONFIDENCE
FOOD INDUSTRY FAVORITE FREZ-N-STOR IS GLIDING INTO A VERY CHILL FUTURE
WHAT CAN BOTS DO FOR YOU?
The dream of an autonomous supply chain
The Ultimate Integration
Rackspace Technology is propelling the industry forward with game-changing innovations in Cloud, Data Analytics, and Artificial Intelligence