Dahna Chandler

Apr 26, 2024 | americanexpress.com | Dahna Chandler

If you’re like some small-business owners, you may experience anxiety, dread, or even downright aversion when you think of sales. Fear of rejection, low confidence in your offerings, and negative perceptions of salespeople may hinder your ability to make sales that generate cash flow. But the ability to sell effectively is often essential to your small-business success. Overcoming your sales fears can be a game changer for your business, taking it from surviving to thriving.

Apr 26, 2024 | americanexpress.com | Dahna Chandler

Bootstrapping can be an essential method of startup and development for small businesses. But what is the meaning of bootstrapping? It refers to the process of starting and growing a company using minimal external funding. Rather than crowdfunding, business loans, or other investors, it relies on personal savings or credit cards, loans from friends and family, and revenue generated from early sales.

Mar 27, 2024 | americanexpress.com | Dahna Chandler

Many small family business owners think of succession planning as a onetime event to tackle when they're nearly ready to transition from the business. They envision a sprint to pass the baton to someone waiting eagerly to take it. But succession planning is a long game that can require a focused plan to execute over a period of years, perhaps decades. In a multigenerational family business, especially with different branches in the family, this can be complex.

Mar 27, 2024 | americanexpress.com | Dahna Chandler

Business owners can't manage what they can't measure. In small-business finance, this adage can be especially true when managing your accounts receivable. Effective management of accounts receivable means knowing where your cash flow is coming from and keeping careful track of who owes your business money. That can require a strategic approach to regularly collecting what your business is owed, which can be crucial for achieving financial success in business.

Aug 30, 2023 | americanexpress.com | Amber Anderson |Bruna Martinuzzi |David Rodeck |Dahna Chandler

Cash-flow management plans how money comes in and out of your business. A good strategy can ensure you have enough money to cover ongoing expenses and invest for future growth. The best practices to manage cash-flow can get time-consuming, though, especially if your business expands and you have more transactions to track, record, and understand. Cash management tools can simplify and improve your process. A cash management tool is a software or app designed for this work.