Debtor finance is a specific type of lending that allows businesses to borrow money against amounts owed by customers known as its accounts receivable. For many business owners, debtor financing offers access to the cash owed to them without the need to take on debt. What is Debtor Finance? When some businesses sell their goods […]
Cash flow has always been the lifeblood of any business. It keeps a company alive and is crucial to its survival, particularly in the early stages of your business. But cash flow isn’t the only priority when growing a thriving business. Here are eight essential tips to help you successfully grow your business. 1. Prioritize […]
Here’s How to Avoid the Most Common Blunders If your business is not on top of cash flow, you will experience problems—sooner rather than later. Check out the top five financial mistakes that can tank a small business and learn how to protect your company from catastrophe. 1. Poor follow up on past-due payments Small […]
How to Stay Nimble and Flexible as Your Company Grows As a small business owner, you face many challenges, from raising capital and finding customers to attracting qualified workers and making payroll. At the same time, your organization has some distinct advantages as well. Large and well-established companies are often hamstrung by their size with […]
From Avoiding Bad Debts and Cutting Business Costs to Managing Inflation, Articles of Interest Focus on Navigating Challenging Economic Circumstances Let’s face it, there’s a lot of information out there and the volume of content is increasing exponentially. Your email probably gets filled pretty quickly with loads of great information to help you run […]
Improve Your Chance of Success in the New Year Cash flow is at the heart of your life as a business owner. You may have greater goals beyond the growing your wealth, but your day-to-day operations will revolve around your working capital, how you spend it, and how much of it you can attain. If […]
5 Tips to Manage Your Accounts Receivable in the Holiday Season You tend to experience some pressure to end the year on a positive financial note, even as you deal with the fact that you have less working days at the end of the year. You probably have fewer staff members in for work both […]
The Top 5 Benefits to Outsourcing Accounts Receivable As a small business owner, you live and die on your cash flow. You rely on the timely payment of invoices to fund your operations, pay your employees and keep the rent paid on the space you occupy. When that steady cash flow is interrupted, your finances […]
Customer growth is an important metric that tells you how well your business is doing. This statistic can fluctuate across a variety of fields, and there may be periods of positive or slowing growth as you manage your business over time. An important step in your success strategy involves knowing what to do if you […]
How to Start Using Financial Management Practices in Your Business The growth phase of a business is an exhilarating and hectic time for an entrepreneur. There are people to recruit, products and services to launch, and marketing campaigns to be organized. With so much going on, financial management might not receive the attention it deserves. […]