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business advice Archives - The Alternative Board

What is Working Capital?

By | Business Growth, Business Strategy, Small Business

Positive working capital is essential to the successful operation of any business. The term refers to the amount of funds available at any specific time to meet the demands of daily operation. Although it’s an accounting term, all employees should have a basic idea of what it means. This is especially true of the company owner and those in management positions. Without positive working capital,…

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How to Create Your First Business Budget

By | Business Strategy

Although creating business budgets for the first time can seem challenging, rest assured that it will soon seem like second nature to you. In the meantime, we hope the tips below will have you feeling confident in creating the first budget for your small business. Decide Your Budget Goal A budget goal is the amount of money you’re willing to spend just to launch your…

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Overcoming Setbacks on the Road to Success as an Entrepreneur

Overcoming Setbacks on the Road to Success as an Entrepreneur

By | Business Growth, Entrepreneurship, Leadership

There are not many things you can count on as an entrepreneur in the business world, but one of those things is that you will definitely experience some setbacks. Entrepreneur setbacks are bound to happen to everyone, and if you aren’t experiencing any kind of problems, then it probably means you haven’t risked much either, and you’re not achieving nearly as much as you could….

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