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Position Your Company for Steady Growth If your small business is suddenly doing better, you might think it is time to hire some new staff so that your business can grow. You shouldn’t be so quick to expand, though. While growth may be your ultimate goal, growing too fast can ruin your company just as…
How to Keep Your Cool and Keep Your Customers Late paying customers are a constant problem for many businesses. When invoices are paid late it affects cash flow, and chasing the slow payers can waste a lot of time. It can also be frustrating to hear the same delaying tactics used again and again. Sometimes…
B2B companies rarely fail because they don’t have sales—they fail because cash arrives after bills are due. Net terms, milestone billing, slow approvals, and disputes can create a cash crunch even when revenue looks strong. Key takeaways Cash flow improves fastest when you: 1. Tighten accounts receivable 2. Protect margin 3. Use the right business…
Improve Cash Flow and Enhance Working Capital With These Strategies The working capital of a business is the cash available to spend immediately. In accounting terms, working capital is defined as the current assets, less the current liabilities. If you have negative working capital, your business is in serious trouble. But merely having positive working…
Make Plans to Improve Your Company in 2021 If there’s one thing we have learned about 2020, New Year’s resolutions are not all about working out and losing weight. Business owners can also benefit from a new look in the New Year, and now is the perfect time to make your endeavor better than before….
Alternative Lending Increasingly Popular; but is it Right for Your Business? The world of business has changed dramatically in recent years. Innovations like AI, smart phones and social media, have altered the landscape for businesses large and small and opened up new possibilities for funding their operations. At the same time, these innovations and changes…
Key Steps to Building a Resilience Plan It’s safe to say business leaders have learned a lot in 2020. The coronavirus pandemic has required resilience, decisive action and strategic action from businesses of all sizes. Data released by the US Chamber of Commerce in June 2020 reported that 21 percent of all small businesses had…
Learn the Advantages of this Flexible and Cost-effective Source of Finance Invoice factoring, also known as accounts receivable financing, has been around for a long time. Yet, despite the large numbers of businesses that factor their invoices, there are still many myths in circulation about this form of business financing. One of the most common…
Improve Profitability by Focusing on Existing Clients During the holidays it is especially fitting that we focus on our current customers, those who have helped us grow and become successful. Yet, many businesses focus their promotional efforts on acquiring new customers, while ignoring a very obvious and much easier way to increase sales—existing customers. With…
Minimize Your Company’s Risk of a Cash Flow Crunch The most common reason cited for business failure is cash flow issues. Indeed, even a company with a healthy profit and positive net equity can fail if it lacks the liquid funds to meet its short-term liabilities. So, wouldn’t it be nice if you could run…