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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. This blog article provides ten ways that you can cut back on costs while retaining quality.
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…
Learn about the minimal impact invoice factoring has on the customer relationship. Sales invoice factoring is a financing option for small and large businesses alike. This off-balance-sheet financing option releases the cash locked up in accounts receivable, improving cash flow and increasing liquidity. However, unlike other financing options, your customers will be aware that you…
4 Routines to Follow for Sustained Growth As a business owner, it can be valuable to get a hold of your finances effectively. The tools you have available with today’s technology can help you manage your finances more efficiently saving you time and money. In order to best sustain your business momentum, there are several…
Monitoring the financial health of a business is crucial for success. When you have a thorough understanding of your company’s financial position, you will be able to make better-informed decisions. However, which of the many financial figures are most critical? Here are the top ten metrics and key performance indicators (KPIs) that every small business…
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. Accurate cash flow forecasting is crucial for business owners as it helps them make informed decisions about…
Follow These Steps to Implement an Outsourcing Strategy Outsourcing can help your company make better use of its resources. It can expand your company’s capacity without much increasing its costs. If you have never explored the idea of outsourcing, though, you may not know how to start implementing it in your company. This article outlines…
Position Your Company for Steady Growth If your small business is suddenly doing better, you might think it is time to hire some new staff so that your business can grow. You shouldn’t be so quick to expand, though. While growth may be your ultimate goal, growing too fast can ruin your company just as…
Controlling Cash Flow is Essential to 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 as…