Contact Us 800.405.6035
Contact Us 800.405.6035
Mistakes will be made during the course of your entrepreneurial career. Most of them will be relatively harmless—they won’t ruin your company. However, there are a few catastrophes out there for which you should keep an eye out. These issues are avoidable, which is why it’s a shame to see companies go down because of them. If…
It’s not enough to earn money, as many failed businesses have learned. Knowing how to manage and keep your cash flowing is just as important. Hoarding isn’t enough, nor is it smart – you need to handle money wisely so you can continue to grow and remain profitable. Here are 7 money lessons we encourage…
Business owners are often overloaded with head-scratching activities and are left with no time to manage their cash flow, which may lead to business collapse. Although you may have great ideas and your business is doing great from the very start, about 80% of all businesses small and large fail because of improper cash flow…
Running a business is an exciting endeavor that offers the most flexibility in earning an income. However, many small business owners, whether just getting started or pros in their field, find managing cash flow a challenge. According to a 2017 study conducted by WePay, nearly 41% of small businesses face cash flow issues at some…
Every business owner starts out with high hopes for their new enterprise. They hope their new business will be profitable. They hope that their customers will value the products and services they have to offer. They hope that they will make smart decisions as their business grows. That last part can be particularly challenging. Managing…
Controlling Cash Flow is Critical to Your 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…
Most businesses go through rough periods. Weathering the ups and downs of any business sector can be difficult and affect the business in numerous ways. Sometimes a slump is something that’s out of the company’s immediate control; a new technology might have made yours obsolete, or a change in customer attitude about products (for example,…
Accounts Receivable Financing: One Way to Speed Up Your Cash Flow It’s an exciting time as a business owner when you have a consistent customer base and know you can depend on them to place new orders. Unfortunately, this scenario isn’t without challenges. Your company doesn’t have the credibility to bill upfront as a new…
The success of your business depends on a healthy cash flow. But in reality, customers don’t always pay on time, leaving you with a shortage of cash to operate and grow your business. Unfortunately, some business owners try to bully their customers into writing a check. There are better ways to speed up the payment…
One key tool business owners use to close deals and increase sales is to offer payment terms to their customers. Not only do buyers for big companies expect terms of net 30, 45 60, or even 90 days, but increasingly buyers for small businesses expect similar terms. Increasingly business are looking into new methods…