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Overcome Shortages with Adequate Forecasting and Financing When the sales graph shows an upward trend, you would expect the bank balance to be on a similar trajectory. However, expanding businesses often experience cash flow problems. A shortage of cash during a period of expansion can impede growth and, in some cases, even cause the company’s…
How to Keep a Tight Rein on Business Expenses A business owner has much on their plate, so managing the finances of a small business can be challenging. Consequently, it can be easy to spend more than anticipated and not discover the overspend until the cash flow gets tight. However, implementing the following processes will…
Monitoring the financial health of a business is crucial for success. When you have a thorough understanding of your company’s financial position, you will be able to make better-informed decisions. However, which of the many financial figures are most critical? Here are the top ten metrics and key performance indicators (KPIs) that every small business…
How can your business overcome the financial burdens of the past year? Over the past year, Universal Funding has published a variety of articles that explore topics ranging from financial forecasting and avoiding bad debts to managing your cash flow. Out of all of those various articles, here are the ones that piqued the most…
It’s true—businesses can sometimes find themselves with a temporary cash surplus. If you do experience a sudden incursion of cash, you’ll want to make sure it is well-managed or else it could soon evaporate. And, in some cases, an incursion of cash can leave you worse off than you were before the windfall. So, here…
Create a Cash Flow Cushion for Your Staffing Business Balancing the cash flow of a staffing agency can be challenging. On the one hand, you have workers wanting to be paid weekly, biweekly, or monthly. And, on the other hand, you have customers who insist on 30-day credit terms or more. As a result, there…
Cash flow problems are often cited as the top cause of business failures. However, the root cause of companies going out of business is not always a lack of profit. What causes many business failures is a lack of adequate cash flow management. Cash flow management is a term that encompasses many things. Indeed, managing…
How to Reduce the Risk of Writing off Unpaid Invoices Quick answer: You avoid bad debts by controlling risk before, during, and after you extend credit — set clear terms, credit-check every new customer, invoice and follow up promptly, resolve disputes fast, and escalate quickly when an account goes delinquent. No business can eliminate bad…
8 Tips to Get Your Business Back on Track The COVID-19 pandemic destroyed many businesses. And, for those that are left, the future is far from certain. However, as the economy begins to pick up again, it is time to take stock of how the pandemic affected your business and plan for recovery. Businesses that…
Poor cash flow management is one of the most common causes of business failures. Now, that statement might seem a bit obvious. After all, it is clear that a business will fail if the outgoings consistently exceed the income and the cash runs out. But profitable businesses can experience cash flow problems as well. There…