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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…
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…
How to Improve Your Cash Flow Management Sometimes, it is not the lack of cash that can cause a business crisis; rather, the source of the problem is not properly managing the money. Even if sales are on target, if you do not effectively manage your cash flow, you may find yourself unable to meet your…
How to Get the Financing You Need for Your Business Running a new business takes time, but it also takes a lot of money. Whether you are ramping up your enterprise or pouring your receivables into the future growth of your company, you will likely need outside financing to make it happen. As a business…
Increase Cash Flow and Profits with Invoice Factoring You will undoubtedly be aware that staying on top of your accounts receivable is crucial for maintaining healthy cash flow. However, reviewing your receivables and making collection calls takes a lot of time. Even so, you also want to get the cash owed to you into…
Dodge a Cash Flow Crisis with These Tips When the sales are coming and the prospects for the business are looking good, it can be easy to take your eye off the cash flow. After all, it seems logical that if the management accounts show a healthy net profit, the cash will surely follow, but…
Save Time and Money and Improve Your Accounts Receivable Modern accounting software apps are easy to use. Indeed, many software vendors sell their small business accounting apps on the premise that business owners can maintain their books themselves. But the question you should be asking, is doing the bookkeeping yourself the best use of your…
Improve Your Cash Flow by Managing Your Accounts Receivable Days Sales Outstanding (DSO) is a key performance indicator (KPI) used to monitor the length of time it is taking a business to collect their sales invoices. The KPI is also sometimes known as average debtor days, or average days to pay. DSO is calculated by…
Variety of Funding Types Available for Businesses Right Now For any business to grow, having access to capital is extremely important. Unfortunately, finding investors to put forth equity can be challenging. Luckily, thousands of financial institutions across the country are willing to provide funding to small businesses to help them grow and develop. This article…