Every cent of cash you have tied up in overdue customer invoices or unused stock is costing you money in interest as well as the opportunity for expansion and growth. You could increase sales to increase money coming into the business or you could consider restructuring your finance arrangements. However, there are some more straightforward […]
Good Business Practices = Good Funding Prospects Obtaining the funding needed to expand your business can be frustratingly difficult, but knowing what to expect when searching out financing options can be the difference between success and failure. Getting financing can help a business progress to the next level and become more profitable. These tips will […]
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 […]
Access Immediate Working Capital Without Adding Debt In today’s economic climate, it can be a struggle to acquire the necessary working capital to bolster a healthy cash flow or to take advantage of new business opportunities for expansion. Traditional methods of acquiring capital including bank loans and lines of credit can be insufficient, expensive, or […]
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 […]
10 Ways to Reduce Expenses Without Sacrificing Quality Cutting business costs is a quick way to improve your bottom line. But reducing expenditures without affecting the quality of your products or service is more of a challenge. Even something as minor as the quality of the packaging you use can reflect on your brand image. […]
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 […]
Trying to grow your business, but struggling with cash flow? Whether you’re funding a new business or trying to keep the ball rolling, you’re likely to need infusions of cash to make things work. Roughly half of all small business fail in the first five years, and a whopping 82 percent of those failures are […]