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7 Techniques to Increase Working Capital As most business owners know, managing cash flow is essential to the survival of a business and needs to be carefully controlled. Cash flow indicates the well-being of a company and helps to determine a company’s ability to pay its bills such as payroll, rent, and vendors. Unfortunately, lack…
Poise Your Company for Growth Periods of high inflation can be worrying for a business owner. However, things might not be as dire as you fear. Indeed, economists believe that low levels of inflation can drive economic growth as the Federal Reserve targets an annual inflation rate of two percent. The other crucial fact to…
Tips to Ensure the Long-term Success of Your Company Small businesses are the backbone of the American economy. They create jobs, stimulate innovation, and drive growth. However, many small businesses struggle to stay afloat due to financial instability. To future-proof your business finances, it’s wise take a proactive approach and make prudent financial decisions. Following…
Quickly Reduce Costs and Improve Profitability Most small businesses operate on a tight budget while trying to grow its customer base and profits. You simply can’t afford to make any mistakes in your budgeting as you can easily find yourself in the red. Fortunately, you don’t have to have a huge, venture capital fund to…
10 Cautionary Tips for a Fast-Growing Business It’s a business owner’s dream to see their company suddenly take off. But rapid business growth can bring a whole new set of challenges. If a company does not react fast enough to increased turnover, it could find itself buckling under the strain. A business will need to…
Invoicing Best Practices for Small Businesses Invoicing can feel like a hassle when you first set up your small business. It can be exasperating to send out invoices, only to wait for payment from clients for days or weeks. Here are several best practices you can use to make invoicing easier allowing you to maintain…
Hiccups in Cash Flow are a Business Reality. Follow These Tips to Resolve Them. Cash management plays an important role in the success of a small business. Even a business that has a good product or service can fall by the wayside due to poor cash management. While growth in sales is something to cheer…
10 Practical Steps to Strengthen Your Business For most small to mid-sized business owners, it is difficult to keep up with the broader economic news while still trying to run a company. But as the headlines start discussing the likelihood of recession, it’s important for business owners to pay attention to the writing on the…
6 Strategies to Sustain Growth and Profitability The majority of small businesses fail within the first five years of operation, and in over 80% of those cases, the cause can be traced back to problems with managing cash flow. Thankfully, with a bit of foresight and the right financial strategies, many of those cash flow…
How invoice factoring shortens the working capital cycle Any business that issues sales invoices to customers can benefit from sales invoice factoring. However, some industry sectors, such as manufacturing, have caught on to the benefits of factoring more than others. Manufacturing companies generally offer 30, 60 or 90-day credit terms, and that can be a…