Starting a small business takes lots of elbow grease and capital—especially in ever-evolving Seattle. It also takes at least a year or three before the business makes money. To improve cash flow and increase profits, small business owners have to scrutinize every expense while maintaining a quality product or service. Here are five simple ways small business owners can keep expenses in check. 1. Buy in bulk. If your small business uses a fair amount of office supplies, buy in bulk. Some bulk retailers and wholesalers don’t discount the bulk price, so comparison shop to make sure you get the lowest cost per unit as possible. Also make sure to only buy products you use often. Bulk items that sit dormant in your closest won’t save you money. 2. Re-evaluate expenses. Periodically review your business expenses to make sure you’re not spending unnecessarily. Even seemingly small deductions, such as credit card processing fees, add up at year’s end. Credit card … [Read more...] about 5 Ways Successful Small Businesses Save Money
Yearly profit and loss template
The Internet is an immensely powerful tool. It grants you the power to ask—and have answered—almost any question mankind has ever devised. From philosophy to science to political theory, the accumulated knowledge of the human race is at your fingertips. So what types of questions did people ask most often in 2013? How to treat toenail fungus.That’s right. Toenail fungus cracked Yahoo’s list of the Top 10 “HOW Questions” of the past year. Jokes aside, toenail fungus is actually pretty awful. It looks nasty. It can be painful. And there’s little doubt ancient Egyptians asked their higher powers to help them banish the foot infection. Apart from wearing tight-fitting shoes or walking barefoot in a public shower, toenail fungus could develop due to poor blood circulation or diseases like diabetes. If you have it, wash and dry your feet thoroughly every day, wear clean socks, get your toenails trimmed regularly, and air your feet out … [Read more...] about Your Top 10 Questions of 2013—Answered!
As companies try to remove trans fats from confectionaries, cookies, fast food, and other dishes, they often turn to palm oil, because it is so versatile and can be used to substitute butter, lard, or other vegetable oils. While all of this sounds good on the surface, the problem is that palm oil has several other properties, most of which are undesirable. The two kinds of fats to avoid are saturated fats and trans fats. Palm oil lacks the latter, but has quite a bit of the former. Saturated fats elevate the body’s cholesterol levels and build up plaque in the arteries. Over time, this results in cardiovascular conditions and can cause a stroke or heart attack. A single tablespoon of palm oil contains 120 calories and 6.7 grams of saturated fat. For perspective, a healthy 2,000 calorie-per-day diet should have no more than 16 grams of saturated fat. Since palm oil is used a lot in food processing, it’s easy to go over this limit without realizing it. The saturated fat in … [Read more...] about Health Risks of Palm Oil
Dive Brief: Community Health Systems announced this week its net loss attributable to CHS' stakeholders was $137 million in Q2 2017, down from $1.4 billion during the same period in 2016. On an earnings call on Wednesday, CEO Wayne Smith stated the hospital operator is — in addition to 30 previously disclosed divestitures — exploring hospital sales of at least $1.5 billion of net revenue. On the call, Smith acknowledged divestitures require a large share of internal resources and expects the next grouping of sales to be smaller than 30 hospitals. He also stated the next round may take longer than six months to complete, and sales could enter into 2018. Dive Insight: For Q2, CHS found net operating revenue was $4.14 billion, compared to $4.6 billion in the second quarter of last year, a 9.7% decrease. Smith, in a prepared statement, said the financials reflect weaker-than-expected patient volumes. "The results were also impacted by increases in medical … [Read more...] about CHS underperforms in Q2, looks to more divestitures