Small Business Cross Borders
Submitted by Steve Bentley BA CFP on
At one time, selling internationally was something only well-established organizations could hope to do. Small businesses never dreamt of entering foreign markets. They only opened their doors to their local community or within the country. The number of small businesses who have opened online and want to expand the borders of this business has significantly increased.
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I was talking to an associate the other day and realized I have been in a customer service related industry for over 30 years. Yes, I know my boyish looks tend to make you drop your jaw in disbelief, but it is true. Another thing this associate and I were talking about was the fact that it is pretty easy to tell the people who have worked in this industry from the people who have. There is just a difference.
Fortunately, this does not have to happen a lot. But as small business owners, we need to realize and accommodate the fact that sometimes things don’t always go our way with a client relationship. It is something that a lot of small business owners struggle handling.
Budget. Budget. Budget. That evil “B” word. Most people dread it. Many don’t understand it. So, I decided to not use the word in our practice. It is not entirely representational any way. There is much more to the concept of cash then just budgeting. We prefer to use the term “cash flow.” It’s about our business cash inflows and outflows.