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Improve Your Odds of Success with these Ideas In today’s economic climate, the odds are stacked against business owners. Competition is fierce, customer needs are ever evolving, and a dedicated work force can be challenging to manage. Using the following tips will help your business survive and thrive even in the toughest of times. 1….
Strategies to Adjust During Turbulent Times The challenges facing businesses today are more imminent than ever before. Because of technological evolution and globalization, businesses are facing competition on a much larger scale. And, with the current economic and health crisis, business owners are faced with an even more daunting challenge: not just thriving, but surviving….
Stay on Top of Invoices for Steady Cash Flow Late-paying customers are often one of the most significant challenges that small business owners face. Even though you might think that people will pay you on time for an excellent service, there are a lot of people who will stretch their credit as far as they…
Tips to Quickly Increase Your Company’s Profit Margins Many business owners will look first at increasing sales when they want to boost their profits. However, increasing sales is a long-term strategy, and it can be expensive in terms of increased marketing and pre-sales costs. Fortunately, there are other ways that a business can improve its…
5 Strategies to Lessen Your Financial Problems Cash flow issues are a problem for many business owners. Even companies with steady clientele can run into this issue. Fortunately, there are ways to maintain control and keep operations running as usual. Here are five ways you can do just that: 1. Make it Easy for Clients…
From Cutting Costs to Collecting on Payments, How to Survive an Economic Downturn Since the coronavirus outbreak, we’ve seen the sharpest economic contraction in modern history with a staggering 32.9% drop in the GDP. As a business owner, you may be suffering from the effects of the extensive economic downtown and wondering what you…
Funding Options You Should Consider Right Now Running a small business can be a risky venture. Many small business owners borrow against personal assets to fund the cost of operating and growing their company. However, by doing so, the owners risk losing those assets, such as the family home, their retirement savings and more. There…
Sell Your Accounts Receivable for Steady Cash Flow No two companies are exactly alike. Even similar companies serving the same industry can have vastly different ways of earning money, completely different spending strategies and differing ways of handling accounts receivable. That’s the beauty of the business world, but also the bane of many commercial financial…
Explore the Many Options to Manage and Control Cash Flow Are you a small business owner who continues to have problems generating positive cash flow to effectively operate your business? Unfortunately, you are not alone as many small businesses are dealing with the same issue, especially now. The following articles offer ways to help you…
Preserve Your Cash and Prevent Business Fraud Businesses often have trouble with cash flow so an offer for a business loan can seem very tempting. Many unscrupulous operators take advantage of the need for access to working capital and lure business owners into scams in which they part with their money and receive nothing in…