31 May 2013

Storage, finance tips for small business

Knowing what to do, and what not to do, as a small-business owner can be a dynamic challenge.

As reported in a recent Advisor article, BMO Harris Bank offers a few savvy tips for small business owners to help them balance the daily tasks with the bigger financial picture.

For many small retailers and resale start ups, it is important to keep cash coming into the business. For example, if you invest in a large shipment of merchandise that will take weeks, or even months, to unload –  your money is not moving. To speed up the process, many small businesses take advantage of the online sales environment.

By renting cheap storage, a business is empowered to store a much larger amount of inventory, improving the bottom line cost per item, while leveraging their supply to push online sales. This gets cash flowing into the business at a much greater speed and allows you to get a better return on your investment.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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