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9 Tips to Recession-Proof Your Business

  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…

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Accounts Receivable Financing: A Quick Way To Control Cash Flow

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…

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Common Scams That Target Small Businesses

Protect Your Business Against Potential Threats You spend lots of time and effort in building up your business. Don’t let scammers ruin your reputation and damage your bottom line. Scammers are known to target businesses of all sizes. To protect yourself against these offenders, learn about the tell-tale signs that are typical of a scam…

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How to Avoid Bankruptcy During Difficult Times

Tips to Shore Up Your Business Finances Bankruptcy has always been intended as a “last resort” measure for avoiding total insolvency and financial ruin. It’s an important safety net for emergency situations, but it does come at the cost of a big hit to your credit score and ability to secure financing for the following…

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Crisis Strategies to Get Your Business Back on Track

Tips to Help Your Business Exit a Crisis Stage Crises are realities that businesses either come face to face with or flirt with over their life cycle. These are conditions that present serious challenges to the business owner and its staff. How you respond to crises is going to define how your company grows and…

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Fake Invoice Scams: Is Your Business at Risk?

Take these Steps to Protect Your Business from Invoice Fraud Invoice fraud is making big headlines in the wake of Google and Facebook getting tricked out of a combined $123 million. It’s a scam that costs small businesses billions each year. Fake invoice scams are a simple but effective way for criminals to obtain money…

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How to Choose the Best Tax Preparer for Your Business

  Maximizing Profits in Your Small Business Whether you are evaluating your investment returns or trying to improve your small business, it’s not how much you make but how much you get to keep. If your small business makes $500,000 a year but you lose more than half to taxes, you could end up just…

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How to Manage the Stress of Running Your Own Business

Running a successful business can often be hectic and overwhelming. Luckily though, there are some techniques you can implement to better help manage the stresses and strains of the job. Here are five things you can start doing today to handle the stress of running your company: 1. Prioritize Whenever you’re stressed, make a list…

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What to Do When the Bank Says No: Alternative Financing for Small Businesses

Other Sources of Business Funding Small businesses tend to operate right on the edge, which means that most of them will need some financing assistance sooner or later. Unfortunately, getting a bank loan is not possible for a lot of growing businesses. More than half of all business loan applicants are denied, and most of…