Themes Business Owners Need To Think About (Pt. 2)

Marketing Plan

• Target Market
• Define the Customer
• Developing New Customers
• Industry Trends
• Competition
• Competitive Advantage
• Promotions
• Advertising

Cash Flow Management

• Daily Nut Concept
• A/R Control
• Future Cash Needs
• SBA Loan

Cost Cutting Techniques

• Survey of Suppliers
• Old/Wrong Inventory
• Interest Payments
• Waste of Resources
• Fines, Penalties and Late Payments
• Bank Charges and NSF Fees

​Payroll Check Writing

ACH of Monthly Fee

Taxation

• Income – Entity
• Income – Personal
• Sales – compliance & use tax
• Real Estate – Reduction
• Estate