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Ten Questions with Jeffrey Kalmikoff, Chief Creative Officer of skinnyCorp/Threadless
Threadless is a very interesting company because of how it has “community-sourced” its product design. If you had told me that a company could succeed by running weekly tshirt design contests and then selling the winning designs, I would have told you that you’re nuts. I met Jeffrey during my tour of the Threadless offices a few weeks ago and posed these questions to him after my most enjoyable visit.

Other cash and prizes Related Articles

Competitions as promotions
An inexpensive and effective means of marketing your business may be offering prizes in competitions. You may be surprised at how many advantages there are to this process.
Three Sure Signs That Your Business Will Run Out of Cash – And What To Do About It
You can have a profitable business and still fail. In fact, the number one reason for business failure is under-capitalization – running out of cash. As most business owners know, profits do not equal cash flow. It takes cash to invest in infrastructure, lay the foundation for future growth, and build capacity. Much of these cash requirements show up on the cash flow statement and balance sheet, but not on the income statement. This article reveals three sure signs that your business may be heading for a cash crisis, and offers four ways to manage cash flow properly.
Small Business Tips - Lucky Door Prizes & Competitions
Many small businesses use competitions and lucky door prizes as a way of generating leads or building their data base. But if done incorrectly you will end up losing customers and could even find yourself on the wrong side of the law. So how do you run lucky door prizes or competitions that are legal and get you brilliant results?

Better Cash Flow – 11 Ways Small Businesses Conserve Cash
Let’s talk about better cash flow – how to hold onto and conserve the cash you have on hand. This is not about cutting expenses. This is about holding onto your cash for as long as possible.
14 Ways to Collect Cash Faster
In this new era of difficult credit, cash is the life blood of your business. In this series of articles, we’ll look at bringing in cash faster, keeping cash longer, and increasing cash holdings.
Creating cash flow forecasts
If you are looking to for advice on creating a cash flow forecast then here are a few tips and pointers. Firstly you need to distinguish between what is ‘Revenue and Expenditure' and what is ‘Cash Inflows and Cash Outflows'.
15 Ways to Improve Net Cashflow
There are many ways of improving Cash Flow for a business and we have given you a few ideas to do just that. To help you see how these ideas can help your business it would be worth while doing some cash flow projections. The Cash Forecaster can be used as a management tool to identify critical costs areas of the business and how these impact the future cash-health of the business. For example - you might like to experiment with introducing Factoring or Invoice discounting to improve the flow of cash from your customers whilst you are in expansion mode - Just because a business is making a profit it might still fail if the profits are not turned into cash - Remember ‘Cash is King' in business!
Dealer Incentive Programs
You hear about them on the television all the time, mostly with cars, but not always. Still, what is a dealer incentive program and how could one possibly benefit you? To be perfectly honest, and I can be because I'm not selling you anything (wink) the term dealer incentive program is a little more broad than getting cash or prizes for buying something. In a very real sense a dealer incentive program can bolster sales, reduce sales costs, reward loyalty to your brand and help launch new products. From a pretty simplistic standpoint, let's look at all four of these.

The Importance of Cash Flow
What is the cash flow statement and why is it required by GAAP? This article will give you an idea behind the cash flow statement and the basic principals used to create it. It will show the difference between the accrual and the cash methods of accounting for business transactions. Importance of cash flow
CASH FLOW – What is That?
I am sure you have heard the term “Cash is King”. This is true. Those with cash have stronger buying and/or borrowing power than those without it. With today’s lagging economy, many businesses are experiencing negative cash flow. The business owner who has yet to get up close and personal with their cash flow issues will see their doors close sooner than later.

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