How Small Businesses Can Manage Cashflow to Thrive in 2023

(StatePoint) With one in four U.S. adults currently job seeking, it’s a competitive market, but experts say that finding your dream job is within reach if you use smart strategies.

“Awell-executed job search that combines powerful search tools and the right mindset will connect you with companies that value their employees and set them up to thrive,” says Kristin Kelley, chief marketing officer of CareerBuilder.

As you get your job search under way, consider these five tips and insights from CareerBuilder:

1. Define your dream job: Research shows that the goals and desires of job seekers vary by industry. However, whether you’re an administrative assistant, a retail worker or a software developer, it’s important to define what matters to you in a job, as doing so will help you narrow your search. This means nailing down details like your salary requirements, while also considering intangible factors, such as whether the work will allow you to make an impact and whether the company’s values and culture align with yours.

2. Build a better resume: Aresume is often the first point of connection between you and your next job, yet knowing its importance can make it feel daunting to create. To make a great impression with a minimal amount of effort, check out online tools like CareerBuilder’s “Create Resume” feature. The platform allows you to create multiple variations of your resume that call out specific areas of expertise as they may relate to particular roles. The site has already outlined the most important fields for you to fill in, making it easy to authentically highlight a mix of hard and soft skills that will get you noticed by top employers.

3. Streamline your search: Work smart, not hard. Rather than apply for jobs individually, turn to a job search platform that will make your profile and resume available to thousands of employers. In the case of CareerBuilder, you don’t actually need to register for an account to search through its millions of job listings. Search for jobs using filters like degree requirement, keywords, industry and mileage radius, then apply

4. Prepare for interviews: Preparing answers to common interview questions and even practicing with a spouse or friend beforehand can help you feel competent and confident when the real interview rolls around. For behavioral questions, CareerBuilder recommends using the STAR method, in which you describe the Situation, Task, Action and Result to explain how you would act in specific work situations.

5. Check the terms: A dream job is only a dream job if the terms of employment suit you. Before signing a contract, check such details as compensation, start date, the company’s leave policy, professional development opportunities, perks and benefits, as well as items that could impact you in the future, like nondisclosure agreements. If you plan to negotiate, decide whether you’ll take the job if the employer doesn’t modify the contract. Stay courteous and professional throughout the process.

For more career advice, or to register and search for jobs, visit careerbuilder.com/jobs.

Landing a dream job can be a labor intensive process. However, leaning on new tools and tech to do some of the groundwork for you can help ensure you start your new position with purpose and energy.

(StatePoint) Intelligent cashflow management is the essential fuel of startups and digital businesses, particularly in a challenging economy. According to experts, it can mean the difference between surviving, thriving and failure.

“Poor cashflow management will kill your business. In fact, it’s killed some of the biggest businesses in the world. No matter how fast you’re growing, you could be destined for the startup graveyard if your outgoings exceed your revenues,” says Dominic Wells, serial entrepreneur and CEO and founder of Onfolio Holdings, a leading online conglomerate that acquires and manages a diversified portfolio of online business holdings.

To help startups and digital businesses not only survive a downturn, but remain profitable while accelerating growth, Wells is sharing some top actionable insights for the current moment:

1. Know that capital is harder to secure. While during periods of low interest rates, it was possible to burn through capital, that’s no longer the case. “Don’t assume you can just raise more money. Investors are avoiding businesses that aren’t already cashflow positive,” says Wells.

2. Change your priorities. Founders must review spending line items and identify the areas generating the greatest returns. Double down on those. Cut or reduce your spending elsewhere.

3. Focus on short-term growth. Certainty beats speculation right now and investors are choosing businesses that will generate near-term certainty with monthly recurring revenue over those with potential long-term growth.

4. Make profitability your number one goal. Aim to be profitable enough to pay yourself a decent salary, cover business overheads and keep cash in reserve. If you’re looking for a buyer or investor, have solid numbers to show them. In Onfolio’s case, the investment criteria are established businesses generating annual profits over $500,000 in sectors and niches with high-growth potential. Without the metrics to support why you deserve funding, investors and buyers aren’t lurking around the next corner, ready to leap out with a check.

“It’s not easy to execute, but your goal is simple. Keep asking yourself, ‘are we profitable?’If the answer is no, do everything you can to get there quickly,” says Wells.

5. Become more financially secure. At a time when many operations are cutting costs, making your service indispensable to customers so that they stay with you, or even spend more money, can help make you more financially secure. It’s time to deploy strategies and technology that generate more revenue from your current customers. For example, if you’re a website owner without a subscription upsell, now is the time to implement one.

For more tips and insights and to learn more about digital company acquisition, visit onfolio.com.

“New challenges arise for small business owners and digital companies during downturns,” says Wells. “Being savvy about the current climate can mean not just your survival, but your continued success.”