Holidays are a good time to reflect on your business now and into the new year. We think of the holidays as a time for gatherings with family and friends and for relaxation. Even so, an entrepreneur’s job is never done. There will be occasions over the holiday season when you can put your mind […]
Compare the Two Forms of Business Funding to Decide Which Best Suits Your Needs It is always best to look at all the options when deciding what type of finance will be a good fit for your business. And, when you need a line of credit to boost a company’s working capital, there are various […]
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 […]
Managing cash flow is one of the biggest headaches when running a small or medium-sized business. Even if the company is making sales and a decent profit, unreliable and late-paying customers can make predicting your cash position nearly impossible. As a result, collections take up a significant amount of time, as does the constant challenge […]
How to Reduce the Risk of Writing off Unpaid Invoices Whenever you extend to customers, you run the risk of incurring bad debts. Of course, you can take out business credit insurance to cover the cost of unpaid sales invoices, but credit insurance can cost as much as 0.25 cents for every dollar of sales. […]
Learn More About This Type of Flexible Business Funding If your business is expanding, you might be experiencing cash flow issues, and this situation is far from an uncommon problem. An expanding business needs the cash from its sales to fund the next round of purchases. But when sales invoices are outstanding for 30, 60, […]
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 […]
Key Points to Consider When Deciding Between Invoice Factoring and a Term Loan It is not uncommon for a growing business to find itself short of cash. And an immediate shortage of available working capital does not necessarily mean that the company is in trouble. Indeed, an expanding business may need to buy equipment and […]
Accurate cash flow forecasting is easier said than done. After all, you are at the mercy of your customers regarding how much money is received each month. And, sometimes, unplanned expenses can put an unexpected strain on financial resources. Indeed, if you are expecting to see your actual month-end bank balance match your forecast to […]