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Business owners are often overloaded with head-scratching activities and are left with no time to manage their cash flow, which may lead to business collapse. Although you may have great ideas and your business is doing great from the very start, about 80% of all businesses small and large fail because of improper cash flow…
Every business owner starts out with high hopes for their new enterprise. They hope their new business will be profitable. They hope that their customers will value the products and services they have to offer. They hope that they will make smart decisions as their business grows. That last part can be particularly challenging. Managing…
Controlling Cash Flow is Critical to Your Success Small businesses are often strapped for cash. A critical business imperative is to control cash flow and not just manage it. As any business matures various factors affect cash flow, some being growing operating costs, direct product costs (cost of goods), staffing/labor, product and service pricing…
Most businesses go through rough periods. Weathering the ups and downs of any business sector can be difficult and affect the business in numerous ways. Sometimes a slump is something that’s out of the company’s immediate control; a new technology might have made yours obsolete, or a change in customer attitude about products (for example,…
Understanding the ebbs and flows of cash in your business is critical to scouting for warning signs of impending cash crunches. Bookkeeping software like QuickBooks can tell you that you will be getting money in the door, but without knowing when, you’re going to be left not knowing if you can pay the bills on…
Education is important for an entrepreneur. Going to college not only teaches you a wide variety of important skills, it can provide you with knowledge that can inspire you to create something amazing and help you foster networks that will help you when you become an entrepreneur. Unfortunately, it’s not going to teach you everything,…
Increase Profits While Lowering Business Expenses Many challenges come with creating a startup or operating a thriving business, one of the biggest of which is money management. It can take time to generate a profit while you’re growing. If you spend your cash wrong, your business could fall apart fast. But there are ways to…
Accounts Receivable Financing: One Way to Speed Up Your Cash Flow It’s an exciting time as a business owner when you have a consistent customer base and know you can depend on them to place new orders. Unfortunately, this scenario isn’t without challenges. Your company doesn’t have the credibility to bill upfront as a new…
Your business budget runs a lot like your personal budget. You must keep track of how much cash you have on hand at all times, or you’ll run into unpaid bills and unhappy employees quickly. Cash flow shortages aren’t always the sign of problems, rather, they may be the sign that your business is growing…
Many aspects of a business will shift as it advances through various stages of growth and development. Of all the aspects that make up today’s business, finance and cash flow solutions are likely to change the most. This is especially true in the first several years of operation; larger organizations are likely to find themselves…