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Don’t Just Manage Cash Flow. Control It.

  Controlling Cash Flow is Critical to Your Success Small businesses are often strapped for cash. A critical business imperative is to control cash flow and not just manage it. As any business matures various factors affect cash flow, some being growing operating costs, direct product costs (cost of goods), staffing/labor, product and service pricing…

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5 Reasons Your Business May Be Failing

Most businesses go through rough periods. Weathering the ups and downs of any business sector can be difficult and affect the business in numerous ways. Sometimes a slump is something that’s out of the company’s immediate control; a new technology might have made yours obsolete, or a change in customer attitude about products (for example,…

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5 Life Lessons Entrepreneurs Can Learn from the Late Burt Reynolds

Burt Reynolds passed away on September 6, 2018. Throughout his career, he was the epitome of vitality and vigor. Through his acting roles in movies like ‘Smokey and the Bandit’, Mr. Reynolds inspired millions of global viewers to pursue their dreams and never take no for an answer. As we honor his long career, today’s…

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5 Tips for Entrepreneurs to Start Saving Money Today

Increase Profits While Lowering Business Expenses Many challenges come with creating a startup or operating a thriving business, one of the biggest of which is money management. It can take time to generate a profit while you’re growing. If you spend your cash wrong, your business could fall apart fast. But there are ways to…

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Short on Working Capital? Invoice Factoring Could be the Solution

Accounts Receivable Financing: One Way to Speed Up Your Cash Flow It’s an exciting time as a business owner when you have a consistent customer base and know you can depend on them to place new orders. Unfortunately, this scenario isn’t without challenges. Your company doesn’t have the credibility to bill upfront as a new…

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Reduce Risk While Offering Credit Terms to Customers

In order to remain competitive in your industry, you’ve probably considered extending credit terms to your customers. In fact, it’s quite likely that you are already offering payment terms to your best customers. While extending a credit term by 15, 30 or 60 days is just like offering an unsecured loan, it’s a risk most…

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Invoice Factoring: A Simple Way to Control Cash Flow

Sell Your Accounts Receivable for Predictable Payment of Invoices 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 companies. There are…

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Offer Competitive Payment Terms without the Cash-flow Crunch

One key tool business owners use to close deals and increase sales is to offer payment terms to their customers. Not only do buyers for big companies expect terms of net 30, 45 60, or even 90 days, but increasingly buyers for small businesses expect similar terms.   Increasingly business are looking into new methods…