Summer Tips For Small Business Owners

As we move into summer and vacations are coming up, small business owners should be able leave town without worry. Here’s a few tips.

Have your business a click away: Although you will be on vacation and your books will be in order before you go, you may still want access to critical business info from the road. Try an online offering such as QuickBooks Online or Freshbooks.

Check in before checking out: Make sure you tell the necessary folks you will be away. Update your email and voicemail to note you’re out of office and be sure to provide a contact person so customers and vendors don’t feel stranded. Also, consider partnering with another trusted small business owner with a complementary business who can watch your business while you’re out and you can return the favor when you return.

Keep your employees happy: Your employees depend on you and depend on getting a regular paycheck, so if payroll is scheduled to take place while you are away, make sure it’s automated or someone can run it for you. Consider online payroll  and schedule payments online and don’t look back.

 Plan payments before packing: Before packing your bags, make sure you’ve scheduled all payments and invoices in advance. One missed payment to a vendor or bank could set you back and hurt your credit, and delayed invoicing disrupts cash flow. Try auto-bill pay with your bank and scheduled invoicing with services like Intuit Billing Manager or Blinksale.

Listen To Lauren Fairbanks of LifestylerMag Talk About Personal Finance

I love it when my friends collaborate. Amber Marlow Blatt of Hey Brooklyn interview Lauren Fairbanks of LifestylerMag talks about personal finance tips for GenY, going to the free events in the city and using Groupon for teeth cleaning.

Bonus: Geeta Dayal has a great tips for freelancers, artists, and creative types.