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 […]
5 Practical Tactics to Cut Costs and Increase Income Every business should constantly be adapting to cut its costs and boost income, resulting in higher profits. This works on both ends—getting more sales will likely result in more profits, but reducing unnecessary costs will also support this effort. So, what are the most effective strategies […]
10 Practical Steps to Strengthen Your Business For most small to mid-sized business owners, it is difficult to keep up with the broader economic news while still trying to run a company. But as the headlines start discussing the likelihood of recession, it’s important for business owners to pay attention to the writing on the […]
6 Strategies to Sustain Growth and Profitability The majority of small businesses fail within the first five years of operation, and in over 80% of those cases, the cause can be traced back to problems with managing cash flow. Thankfully, with a bit of foresight and the right financial strategies, many of those cash flow […]
Which Financing Option is Best for Your Business? Most businesses will require financing at some stage in their development. For example, there might be a need for additional working capital to fund expansion. Or funding may be needed to ease ongoing cash flow timing issues. Fortunately, there are various options open to businesses looking for […]