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Cisco these days at its Collaboration Summit 2014, being held Nov. 17-19 in l. a., brought the business edition 6000S (BE6000S), an all-in-one collaboration solution this is designed to be easy for companions to deliver to their small and medium-sized business (SMB) purchasers.
the previous day, Cisco added the three-screen Cisco TelePresence IX5000 sequence, a video collaboration solution for six to 18 individuals, and project Squared, a cloud-based mostly collaboration app. mission Squared is built on the Cisco Collaboration Cloud, a brand new platform built and delivered by Cisco to enable finest-in-category collaboration experiences. All three product bulletins present Cisco partners alternatives to grow their collaboration practices, based on Richard McLeod, senior director of international channels, collaboration revenue at Cisco.
The BE6000S is an "office in a box" platform, built on the Cisco 2921 integrated functions Router (ISR), for organizations with 25-one hundred fifty personnel that may scale to 300 gadgets. It can provide voice, video, quick messaging, presence and paging.
"For partners, here is going to allow them to take the superb increase that we now have had in the midmarket and movement down to entry-stage shoppers," McLeod spoke of. The SMB marketplace for collaboration solutions is a $7 billion probability, he delivered.
while the BE6000S Cisco collaboration answer, scheduled for beginning in January, represents a new business probability for companions, the IX5000 boasts a 50% reduction in power, bandwidth and setting up time in comparison with outdated items in Cisco’s TelePresence portfolio and is expected to gasoline new conversations between partners and latest consumers for feasible refresh opportunities.
"[The IX5000] will additionally ruin down the can charge and expense barriers to video adoption," McLeod mentioned. The channel government additionally stated that the company offers a smooth migration route from the BE6000S to the midmarket BE6000, making it handy for companions to scale customer options.
The BE6000S utilizes Cisco's communique supervisor technology platform of the BE6000, the flagship product in Cisco's midmarket portfolio, became brought in 2011.
Cisco also introduced two new pre-configuration alternate options for partners on all BE6000 models. one of the alternatives allows distributors corresponding to Comstor, Ingram Micro, KBZ and ScanSource to present the Cisco Config to Order Portal, for implementation services. And Cisco is providing an choice for preconfigured settings ahead of transport, which is anticipated to simplify deployments for the associate.
Tina Jennings, director of enterprise construction and head of the collaboration apply at CompuNet Inc., a Cisco Gold and master UC accomplice based in Grangeville, Idaho, spoke of that the new BE6000S and pre-configuration equipment will allow her enterprise to reach new customers whereas assisting the business develop its managed functions.
"Smaller clients say they are looking to go to the cloud, however what they're basically asserting is that they don't need to manipulate the rest," she stated. The one-container BE6000S will give CompuNet consumers a straightforward-to-use solution and makes it possible for the associate to layer on managed features for monitoring and annual improvements. customers additionally get a full-blown collaboration solution for a within your means, she added."Smaller valued clientele say they want to go to the cloud, but what they're really saying is that they do not are looking to control anything."
Tina Jennings,Director of company construction and head of the collaboration apply, CompuNet
The collaboration apply is core to CompuNet, which has been in business considering that 1998. The associate has a robust SMB client base as well as mature business bills. nonetheless, Jennings referred to that CompuNet tried to compete with solutions from providers such Shoretel and Mitel in the UC area however struggled in smaller client money owed on the whole around implementation capabilities.
"the new automated pre-configuration tools will support us to be extra productive, and it's going to provide us a aggressive part to get our managed capabilities in these smaller bills," she referred to. once the container is distributed to a client, CompuNet could ship box engineers to get it running whereas CompuNet's far flung managed capabilities community can deal with the last gadgets, Jennings explained.
What about assignment Squared?
"it be a unique method if Cisco can hit the social software out of the container, exceptionally when it involves usability," she said. "We're hurting on the cloud side for the midmarket/small-market cloud collaboration solution. I see different folks innovating on the social software aspect but not on the UC side."
based on Cisco's McLeod, Cisco has been providing instructor-led practicing workshops and thus far has trained 250 individuals throughout one hundred fifty partner organizations. Cisco is additionally presenting incentives to pressure new conduct with partners, reminiscent of rebates for conducting activities geared toward changing and developing repeatable habits. The incentives are concentrated on activation of the Cisco collaboration options suite in addition to on applying methodologies to power adoption and utilization of technology.
In early 2015, Cisco will introduce an e-gaining knowledge of module to complement the workshop working towards. These practicing methodologies reflect a brand new manner of marketing within the collaboration application area. while collaboration is the primary enviornment to improvement from these enablement methodologies, Cisco plans to prolong them throughout other Cisco architectures in the future.
For companies which are adopting DevOps practices and up to date cloud capabilities to speed up innovation and gain aggressive talents, one of the greatest challenges is preserving ordinary and consistent environments via an software’s lifecycle from building via to deployment. Containers solved the utility portability issue of packaging all of the fundamental dependencies into discrete photos, and Kubernetes has emerged as the defacto general for the way these containers are orchestrated and deployed.
by way of adopting containers and Kubernetes, IT and Line of business clients can focus their efforts on constructing applications, in place of infrastructure and ‘plumbing’. as a result of Kubernetes is attainable in every single place, you possibly can opt for the top of the line vicinity to run an utility in accordance with enterprise needs. For some applications, the size and reach of the general public cloud, along with its big number of features purchasable, could be the selecting factor. For others, data locality, security or different concerns dictate an on-premises deployment.
present options will also be complicated, requiring companies to work throughout both remoted or separate environments and forcing teams to “glue” all the constituents collectively themselves, on the rate of time and cash. This can result in much less alternative with the aid of forcing groups to choose from on-premises and public clouds or being restricted by way of “all-or-nothing” stacks.
To help our purchasers with this problem, Cisco announced today our collaboration with AWS to create the Cisco Hybrid solution for Kubernetes on AWS. the new solution combines Cisco, AWS and Open source technologies to simplify complexity and get rid of challenges for shoppers turning to Kubernetes to allow deploying applications across on-premises and the AWS cloud in a comfy, consistent method. It provides a tested, validated and simple solution that offers constant Kubernetes clusters both on premises and in the cloud, leveraging the most effective attributes of each and every. This reduces the burden on different teams with admire to americans, procedures and talent units, accelerating the application deployment cycle and leading to quicker innovation. valued clientele can lengthen on-premises capabilities and materials to AWS cloud in addition to make the most of services and components from AWS cloud on-premises.solution Overview
The core part of the The Cisco Hybrid solution for Kubernetes on AWS is a distinct integration between Cisco Container Platform (CCP) and Amazon Elastic Container carrier for Kubernetes (EKS) so that during the single CCP management UI, the customer can provision clusters each on-premises and on EKS in the cloud. CCP makes use of AWS IAM authentication to create the VPC, instructs EKS to create a brand new cluster, and then configures the worker nodes in that cluster.
With Cisco Hybrid solution for Kubernetes on AWS, purchasers use the CCP UI to launch Kubernetes clusters in Amazon AWS moreover on-premises environments. They with no trouble declare their Kubernetes cluster specification and reference the cisco managed operating equipment pictures for the employee node images to install clusters in both atmosphere. AWS id and access administration (IAM) is built-in as standard authentication mechanism, so that the cluster administrator is free to apply the identical function-based mostly entry manage (RBAC) guidelines throughout both environments. both environments are integrated with Amazon Elastic Container Registry (ECR), presenting a secure, single repository for the entire container images. a common set of Open source monitoring and logging tools in line with Prometheus and ElasticSearch/FluentD/Kibana (EFK) stack is deployed to the clusters to deliver consistent logging and metrics. finally, Cisco’s website-to-web site VPN solutions, similar to CSR 1000v are leveraged to provide quite a number at ease connectivity options between the cloud-hosted and on-premises capabilities.
Cisco offers a single point of contact for assist throughout all the accessories of the solution (including AWS accessories – EKS, IAM and ECR) – as antagonistic to having to are looking for support for each and every part separately from distinctive vendors.the usage of Cisco Container Platform to Provision Kubernetes Clusters in Amazon EKS and on-premises
to look what this appears like in practice, lets walk through how the administrator would create an EKS cluster the use of the Cisco Container Platform (CCP) dashboard.
Provisioning an EKS clusters is so simple as a few button clicks. You first define AWS as your infrastructure provider. This contains a company identify, and AWS account credentials.
observe: The AWS account credentials precise right here can be the AWS IAM identification that has privileges to manipulate the EKS cluster.
subsequent, you specify simple information about your Amazon EKS cluster. This comprises the AWS location you are looking to install the EKS cluster in, an not obligatory IAM person or position that you simply need allowed moreover to manipulate the EKS cluster, a cluster identify and the Kubernetes version for the cluster.
eventually, you configure tips about the EKS employee nodes. This comprises the example forms, computer photograph, number of worker nodes and public ssh keys.
And that’s it! at the back of the scenes, CCP uses the Amazon APIs to provision the following elements:
as soon as the cluster is deployed, you can download a pre-generated Kubernetes cluster config file ( ~/.kube/config) . CCP leverages the open supply aws-iam-authenticator kubectl plugin that uses credentials out of your local ~/.aws/credentials file to authenticate an AWS IAM user with the EKS cluster.
For on-premises Kubernetes clusters deployed and managed by using CCP, the answer offers an integrated adventure with Amazon Cloud. As part of the integration with AWS, that you could now select the “permit AWS IAM” choice, to be able to deploy the AWS IAM authenticator add-ons within the newly created on-premises Kubernetes cluster. This permits you to use a single set of AWS IAM credentials to access Kubernetes clusters both on-premises as well as in EKS.
With clusters provisioned in cloud and on-premises environments, let’s take a deeper analyze each of the AWS integrations in Cisco Hybrid answer for Kubernetes on AWS.general IAM identity for Authentication with a standard RBAC coverage for Authorization
CCP leverages the open supply AWS IAM authenticator to allow a typical AWS IAM user/function to authenticate with clusters in each cloud and on-premises environments. once the person/position authenticates with the clusters, a configurable usual RBAC policy defines the particular permissions that the user/role is licensed to perform inside the respective clusters. consequently, you must with ease switch context using a standard “kubectl” cli device to access either ambiance.
through default, the AWS credentials exact on the time of Amazon EKS cluster creation are mapped to the Kubernetes ‘cluster-admin’ ClusterRole (the “system:managers” group ClusterRoleBinding). This IAM identification has administrative manage of the EKS cluster. As cited before, that you can optionally specify an extra AWS IAM position or IAM person as Amazon aid name (ARN). for those who specify this, CCP:
1 ) Maps an additional linked position within the EKS cluster configMap as illustrated below:
2) adds the associated role to the kube config in order that the AWS IAM authenticator can use that role to authenticate with the EKS cluster as shown beneath:
For the on-premises cluster, that you may enable the AWS IAM integration to authenticate with the cluster using the same IAM id. You do this via specifying the ARN of an AWS IAM user during the on-premises cluster advent process. CCP in a similar fashion maps this user to the Kubernetes ‘cluster-admin’ ClusterRole within the on-premises cluster’s configMap. It additionally updates the on-premises cluster’s kubeconfig which in-flip makes it possible for the AWS IAM authenticator customer to authenticate with the on-premises cluster the usage of the same IAM identification.
With IAM configured as described above, it's then feasible to use a typical RBAC policy applied to Kubernetes clusters either an EKS or on-premises to manage entry to supplies.regular Amazon Elastic Container Registry (ECR)
CCP integrates with ECR, presenting a secure, single repository for all the container photos.
For Amazon EKS employee nodes, CCP instantly provisions an illustration-role that has permissions to study/write from an ECR repository.
for the reason that on-premises nodes don't have any such role, an additional step is integral – the credentials should be kept in a Kubernetes secret which is then referenced through the pod appear (see under). A script such because the following will do that for you (exchange the items in  as appropriate).
This script fetches an authorization token from AWS and outlets it in a Kubernetes secret which is examine during the pod deployment. notice that it's critical to periodically refresh this token. via default, the token expires after 12 hours.
After running the script above, that you can installation a kubernetes appear via kubectl, specifying the imperative particulars of the ECR repository, as you perpetually would. The illustration pod show up under demonstrates how the ECR repository used by means of an software is unique within the graphic property.
to pull photographs from an ECR registry, it is vital to give credentials. this is described in Amazon’s ECR documentation. For a consumer working docker, i.t feels like this: (ecr:GetAuthorizationToken privileges are required), whereas Kubernetes will use the credentials kept in a Kubernetes secret as described past and specific in the “imagePullSecret” within the pod manifest.
With CCP, which you can install each your on-premises and Amazon EKS employee nodes with the equal Kubernetes edition and operating system.
At launch, that you may installation Kubernetes v1.10 with Ubuntu 18.04 employee nodes, using Cisco-provided pictures. You should not have to agonize about Kubernetes and working equipment edition inconsistencies across siloed environments. Updates and safety patches across the on-premises and AWS atmosphere are handled seamlessly and offered via the CCP control plane utility.standard Monitoring and Logging
CCP offers integrated cluster monitoring by way of a Prometheus and EFK stack (ElasticSearch/FluentD/Kibana) it is deployed within each cluster deployed by CCP. Monitoring each cluster is in compliance with superior practices that mandate separation of construction statistics from building records and for keeping tips local for GDPR. It also ensures that logs and metrics aren't reliant upon a significant carrier which can be unavailable. Cisco features can help with log forwarding and vital metrics assortment in addition to integration with client’s personal logging and metrics programs as preferred.price-brought Integrations for Connectivity, security and Monitoring
Cisco’s prolonged cross-portfolio solutions provide quite a number price-delivered solutions that can also be leveraged from the AWS industry to enrich the Cisco Hybrid solution for Kubernetes on AWS.
Cisco Hybrid answer for Kubernetes on AWS will also be bought as a hardware and application bundle which includes the entire Cisco accessories or can also be purchased a la carte by way of Cisco or a Cisco partner. simplest Cisco Container Platform is necessary when deciding to buy the solution. All Cisco software add-ons are orderable on 1, three, and 5 year subscription licenses and all Cisco hardware components are sold on a perpetual groundwork. All AWS accessories are billed at once to the customer’s AWS account.
For distinct directions on the way to deploy the prolonged Cisco portfolio solutions with the Cisco Hybrid solution for Kubernetes on AWS, take a look at our multicloud design courses.
To gets a hands-on event of the Cisco Hybrid answer for Kubernetes on AWS take a look at the DevNet zone.
The Distributor Has Coordinated with Cisco for a series of coaching Intensives, helping Resellers develop Their SMB Practices through cutting-side options
HARRISBURG, PA--(Marketwired - January 07, 2016) - D&H Distributing, the main North American computing device products and customer electronics distributor, broadcasts it's participating with Cisco, one of the most distributor's main networking vendors, to provide an exclusive practising program for resellers in the small enterprise space. This sequence of in-depth "Roadshow" workshops will prolong to six cities in 2016 from January to April, together with dates in Georgia, Texas, Virginia, Illinois, and Pennsylvania. The next Cisco SMB on Tour session takes location January 14 in Atlanta. There isn't any can charge to D&H's Cisco resellers for these sessions.
The software can provide deep-dive assistance and sales strategies on Cisco's most fresh SMB technologies, instructing resellers on a portfolio of networking products including Cisco's Meraki and instant mobility options, plus routing and switching applied sciences all particularly engineered and priced for small enterprise environments. periods can be carried out at fundamental Cisco sales workplaces across the nation, giving solution providers face-to-face access to Cisco specialists in addition to D&H consultants. each and every event runs from 10:30 a.m. to 2:30 p.m. native time, and contains are living technical demonstrations, revenue and advertising and marketing insights, lunch, and a publish-session "accomplice Appreciation" networking birthday party.
"because the premier SMB distributor, it be our role to work with visionary partners similar to Cisco to establish new and valuable venues to aid enhance our customers' companies," spoke of Jeff Davis, senior vice chairman of income D&H Distributing. "The aim is to invest in our consumer base, helping VARs no longer best maintain their aggressive part and enhance their skills, but also to place them for increase. To that end, we now have improved the practicing experience from our alternate routine and are bringing it into the field, offering wider entry and more intensive content material to VARs."
The ultimate Cisco SMB on Tour agenda is as follows:
January 14: Atlanta, Georgia
February 9: Richardson, Texas
February 23: Herndon, Virginia
March 15: Rosemont, Illinois
April 5: Pittsburgh, Pennsylvania
April 12: Malvern, Pennsylvania
D&H consumers can visit dandh.com to register or name their D&H account representative at (800) 340-1001. purchasers can additionally discover extra about D&H's Cisco providing at www.dandh.com/cisco.
About D&H Distributing
as the nation's leading know-how distributor, D&H offers a wealth of elements to empower answer suppliers and consultants, providing a extensive option of SMB categories, items and functions. The business's choices span server and infrastructure, SOHO and cell applications, client electronics and gaming. D&H's multimarket knowledge, account-dedicated revenue groups, sterling service and versatile financing alternate options are unmatched within the trade.
With an fabulous 98-12 months historical past serving as a relied on guide to the reseller channel, D&H has been capable of normally reinvent itself based mostly upon changing market situations. The enterprise prides itself on developing enterprise partnerships with an astute focal point on ease-of-doing-company, relationships, cost, performance and repair.
D&H ships out of 5 separate areas in North the us, including its US headquarters in Harrisburg and its Canadian headquarters in Brampton, Ontario. further US warehouses can be found in Atlanta, GA; Chicago, IL; and Fresno, CA. call D&H toll-free at (800) 340-1001 or talk over with www.dandh.com.
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The U.K. challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). The largest round of the week went to OakNorth, but other significant investments landed at supply chain management, corporate accounting and small business finance players, totaling more than $821 million in total VC funding. PYMNTS breaks down all the latest B2B funding rounds below.
Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. The company announced a $30 million Series B investment round this week, led by Accel, said reports in Fortune. The company plans to use the funds to expand operations, with a focus on its Know Your Transaction (KYT) solution, which enables FIs and cryptocurrency exchanges to conduct Know Your Customer (KYC) checks. Chainalysis also plans to open an office in the U.K that will focus on research and development (R&D), reports said. In the past year, corporate customers have become a larger portion of its customer base.
Open Financial Technologies
India’s Open Financial Technologies raised $4.6 million in Series A funding this week, led by Singapore-based BEENEXT and 3one4 Capital, reported VCCircle. The company automates collections and payouts for small businesses, partnering with banks to provide accounting automation, cash flow management and accounts receivable solutions that FIs can offer their own SMB customers. Furthermore, Open Financial operates its own application programming interfaces (APIs) to integrate banking data into these workflows, reports noted. The funding also saw participation from Speedinvest F EuVECA, Unicorn India Ventures and AngelList. Reports did not indicate exactly how Open Financial plans to use the investment.
What started out as a B2C fashion eRetail company has now morphed into a firm targeting companies in the retail supply chain with back-office solutions. Zilingo announced a $226 million investment from a range of backers this week, including Sequoia Capital, Burda Principal Investments and Sofina. The Series D funding, one of the largest for a Southeast-Asian eCommerce startup, will be used to ramp up Zilingo’s focus on fashion supply chain management solutions, including procurement, inventory management, payment processing and financing for companies selling on the Zilingo platform. Today, the company said, its B2B operations account for 70 percent of the firm’s net revenue growth.
Goldman Sachs led the way for small business credit platform Nav to land $44 million in new funding, reports said this week. Nav links SMBs to their business credit score data, while connecting them to financiers. Goldman was joined by Point72 Ventures and Experian Ventures in the latest funding round, which will be used by Nav to focus on further developing its technology and platform, and to broaden its reach in the small business community. The funding follows a recent announcement from Experian to join its two largest rivals, Equifax and Dun & Bradstreet, in displaying small business credit scores on the Nav platform.
The largest funding round of the week went to challenger bank OakNorth, which raised $440 million from the SoftBank Vision Fund and Clermont Group. OakNorth Holdings has now raised more than $1 billion, more than any other FinTech across Europe, according to reports. OakNorth operates in the U.K. to bridge businesses with financing and support for growth by working with lenders and supporting their underwriting processes. OakNorth plans to use the investment to launch its Analytical Intelligence platform with more banks and lenders across the globe.
OakNorth wasn’t the only U.K. challenger bank to secure funding. Starling Bank announced nearly $77 million in Series C venture capital this week, led by Merian Global Investors, and will use the funding to invest in its digital products within the small business and retail banking space. Starling noted that it also plans to accelerate its global expansion, first focusing on Europe, with aims to reach 1 million customers by the end of 2019. The company currently services 30,000 small businesses and 460,000 consumers, reports said.
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When you start a small business, it will initially have no credit history, and its ability to get loans, credit cards, and extended payment terms from vendors will generally relate directly to the owner's credit rating. That changes as a business matures and it has its own credit reports.
That's something not every small business owner is aware of. Nearly one third (31%) of small business owners have either never heard of business credit reports or know very little about them according to a new study from Capital One. And only 45% of those surveyed had actually seen theirs -- though of the ones who had, 77% said it helped them get a higher credit limit, 76% said it got them better terms on loans, and 73% said that viewing their business credit report had a positive impact on their company.
To help all small business owners unlock those benefits and get access to their credit reports, Capital One launched Business CreditWise, which provides free, unlimited access to a company's credit profile in a way that doesn't impact the company's credit. The tool is available to all small business owners, not just the bank's customers.Why is this important?
A business needs to understand its credit the same way an individual does, or else it runs the risk of not being able to meet its financial demands. If a company understands how lenders, vendors, and credit card companies view its financial standing, it can better capitalize on opportunities and obtain needed cash to scale the business.
"Business credit is a critical component of a company's ability to secure financing, yet our research shows less than half of business owners have ever viewed their business credit reports," said Jenn Garbach, small business marketing head at Capital One. "Our goal is to empower businesses with products and tools that help them succeed and grow."
Having access to their credit report also allows business owners and managers to correct any mistakes or identify places where they can improve. It also shows useful information like how many accounts are open, how much available credit they have, and any negative public records like bankruptcies, liens, or judgments.Why is this being launched?
Capital One is providing this free service for all business owners, but it's not doing so solely out of benevolence. Business CreditWise could certainly act as a marketing tool for the company, exposing small business owners to the bank and putting it on their radar at a time when they need a checking account, loan, or credit card.
The tool solves a need small businesses have by offering information that has been hard to come by. Business CreditWise operates a lot like the personal credit tool Capital One launched in 2016. It's an easy-to-use format that allows companies to dispute inaccuracies by submitting disputes to LexisNexis Risk Solutions, also free.
Small business owners will benefit from having access to this information, and they should be able to use it to manage their finances better. Checking this informational regularly is as important to business owners as checking credit reports is to consumers -- and the need to have a top-down look at your small business's financial rating becomes even greater when applying for credit, or trying to lease or buy space at the best rate possible.
The Motley Fool has a disclosure policy.
Tracking finances is a crucial determinant of the success of any business, regardless of business size.
When done right, finance management can fuel business growth by helping you reduce your expenses and utilize your financial resources for maximum benefits. Poor management, however, can drive your business into losses, legal issues or even worse, business failure.
Most small entrepreneurs make the mistake of managing their businesses the same way they do their personal finances. This is the wrong approach to business since there is more at stake compared to personal finance.
One wrong or unwisely money-related decision could cause you heavy loses or drive your business to the ground. Here are five effective ways to handle your business finances.1. Educate yourself
Being an expert in your line of business doesn’t automatically make you a money management guru. But you still have to make big finance-related decisions for your business.
You can take the common path that’s characterized by endless googling, half-read articles and very shallow reading materials. However, shallow explanations and a lot of misleading information lying around the internet will lead you down a dark path.
A better alternative is to take an introductory accounting class and learn the basics of how money works in business. A short course at your local college is the ideal solution, but if you are short on free time, an online accounting course will equip you with the necessary accounting skills while offering you a flexible learning timetable.
The firmer your grasp of business finances and cash flow the better your chances of making informed money decisions and avoiding common financial pitfalls that plague small businesses.2. Separate personal and business finances
Managing personal finances is very easy. There are no deadlines, easily manageable budgets, and there are no serious consequences when you postpone it till never. On the other hand, business finances are much more complex, involve higher risk and have serious consequences when mismanaged.
Mixing these two streams of finances can cause catastrophic complications in the long run. To avoid tax issues, mixed up records and inaccurate accounting, it’s best to separate your personal money from your business. In the long run, doing so will also save you from personal liability.
As a precaution, avoid funding business projects using your personal money and vice versa. It will save you a lot of headaches as your business grows.3. Use cloud-based accounting software to streamline finance management
Managing business finances shouldn’t be a difficult task, but it often is for many entrepreneurs who insist on using filling cabinets and basic accounting software to manage their finances.
To streamline money management, cloud-based business solutions offer more advanced options and convenience over traditional accounting methods. They offer you real-time insights into your expenses, cash flow, and other money metrics.
Additionally, these advanced accounting solutions allow you to access, manage and update your data from everywhere; making accounting easier, safer and free from errors.
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Webcast, March 13th: How to Activate High-Value Customers Leveraging Natural Language Processing and Machine Learning4. Create financial projections to plan for the future
Can you afford to venture into the new market you are trying to penetrate? Or the three new employees you desperately need? Or the new office space you intend to rent?
These are the kind of big money decisions that business owners have to deal with on a daily basis and they cannot be answered without accurate predictions of your cash flow.
To avoid making costly investments that drain your resources, or growing unsustainably, it’s important to create accurate financial predictions for your business. These financial forecasts can tell you how much money you can make and thus help you in deciding how to spend what you have.
Planning for the future prevents you from making forceful sacrifices when you’re running low on funds and can save your business from failure caused by poor financial management.5. Plan and pay your taxes on time
Business taxes have been rising steadily over the past few years. However, contrary to popular belief, the amount of taxes is very little compared to the amount you can pay in fines if you default on tax payments.
Tax payments are time sensitive and not paying your taxes on time can cause serious problems for your business. Hefty penalties are usually imposed on late taxpayers while waiting for too long to handle your taxes can lead you into expensive lawsuits.
To be on the safe side, ensure your business does not suffer the consequences of overdue taxes. It is crucial to consult a tax expert to help you design a manageable tax payment scheme and to apply for tax deduction whenever possible.6. Hire professional help
As a business grows, smart entrepreneurs hire help or outsource some tasks to ease their loads and get expert help.
If you are an ambitious business owner with a rapidly growing enterprise, it is wise to consider hiring an expert accountant or bookkeeper to help you manage your business finances. An expert will also get around complex accounting hurdles that you may be struggling with.
If you are not ready to hire a fulltime employee, a freelance accountant is a good option to go. Given that 58 percent of small businesses don’t expect to talk to their accountants face to face in the future.Optimize your finance management for business growth
All business owners want their businesses to grow, attract more sources of revenue and improve their ROI.
Poor finance management will keep you from reaching these goals. With a resounding 82 percent of all businesses failing due to poor or negative cash flow management, it’s important to improve your financial management game.
Don’t let poor finance decisions drive your business into the ground. Good financial decisions are the key to avoiding losses, improving profits and growing your business.Author: Hassan Mansoor
Hassan Mansoor is the CEO and founder of TechnicalMindsWeb.com. Being a small entrepreneur, He successfully executed many digital marketing campaigns for startups, boost online traffic, and business growth. He has a considerable experience in online marketing and business development. His areas of expertise are the development of marketing goals… View full profile ›
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