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Ensure Your Company Has Cash Flow for Growth Cash flow problems are a major obstacle to business growth. Neglecting to solve the issue will make running your company increasingly difficult. If you are unable to contain the situation, your business may eventually have to close. Fortunately, there are some steps you can take to ease your…
Follow These Tips to Collect Your Accounts Receivable As a business owner, you depend on having your clients honor their obligations. What do you do, however, when you send out an invoice after completing work on a project, and find that the invoice goes unpaid? Rather than worry about unpaid invoices when these problems occur,…
A Comparison of Business Financing Methods From inventory and equipment to insurance and marketing, you purchase a variety of goods and services to run your business. That means you’ll need plenty of cash flow or have to secure funding to pay for it. While there are dozens of ways to finance your business, most are…
Make Better Business Decisions and Increase Your Profits You’re running a small to medium size business. You don’t want to lose money, and you definitely don’t want to go out of business. So, how do you find out how much you need to earn to break even? The answer is simple: you do a break-even…
Identify Performance Indicators to Trigger Growth It’s a new year and many businesses start with setting goals for growth. Many of those targets may seem like they come out of thin air at times, based on wishful thinking or unrealistic expectations. Often, the result is missed targets and lowered expectations for the future. A sound…
Track Trends and Look for Unusual Movements in Your Numbers No matter the size of your company, business owners are busy people. Even so, it’s important for business owners to keep their finger on the pulse of their company. So, don’t ignore that pile of reports that your accountant hands you at the end of…
The Risks and Rewards of Acquiring an Existing Business No one can deny that both buying an existing business and creating a new one from scratch have several advantages and disadvantages. However, when acquiring an already established enterprise, the rewards can outweigh the risks considerably; the failure rate is much lower, and you can save…
Maintain Healthy Cash Flow and Client Relationships Wouldn’t it be nice if everyone paid their invoices on time? Your cash flow forecast would always be 100 percent accurate and you could pay all your bills on time as well. Unfortunately, that is not going to happen any time soon. So, in the meantime, you will…
Explore these Avenues to Maintain Healthy Cash Flow Financing for small businesses can be difficult to obtain through traditional lenders. Most banks require you to have excellent credit and high annual revenues. They also require your business to have been in operation for more than two years. Even then, most banks approve less than half…
How Efficiently is Your Business Using its Assets to Create Profit? One way of assessing how well a business is performing is by analyzing asset turnover ratios. These ratios show how effectively the business’ assets are being used to create profits. Also known as asset utilization or management ratios, asset turnover ratios are of particular…