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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…
Control Your Accounts Receivable for a Healthy Bottom Line A business cannot survive without working capital. It will not matter how good your products are or how compelling your marketing is. If the company cannot manage its cash flow properly, the company will collapse. Here are 5 cash flow management mistakes you need to learn…
Universal Funding ranked among the most trusted nontraditional funding services for small businesses SPOKANE, WA – Digital.com, a leading independent review website for small business online tools, products, and services, has named Universal Funding Corporation to its list of the best factoring companies of 2021. The top providers were evaluated based on several key features. Universal…
Improve Cash Flow and Enhance Working Capital With These Strategies The working capital of a business is the cash available to spend immediately. In accounting terms, working capital is defined as the current assets, less the current liabilities. If you have negative working capital, your business is in serious trouble. But merely having positive working…
Improve Your Cash Flow with Proper Budgeting Preparing the annual budget for a business is often thought of as being a standalone exercise, and it is possibly one of the least popular tasks for business owners. But budgeting and forecasting is an integral part of the business planning process. Your budget will tell you if…
Make Plans to Improve Your Company in 2021 If there’s one thing we have learned about 2020, New Year’s resolutions are not all about working out and losing weight. Business owners can also benefit from a new look in the New Year, and now is the perfect time to make your endeavor better than before….
Alternative Lending Increasingly Popular; but is it Right for Your Business? The world of business has changed dramatically in recent years. Innovations like AI, smart phones and social media, have altered the landscape for businesses large and small and opened up new possibilities for funding their operations. At the same time, these innovations and changes…
Company recognized among the most trusted funding services for trucking companies SPOKANE, WA – Digital.com, a leading independent review website for small business online tools, products, and services, has named Universal Funding to its list of best trucking factoring companies of 2020. The top providers were evaluated based on several factors and customer feedback. Universal…
Key Steps to Building a Resilience Plan It’s safe to say business leaders have learned a lot in 2020. The coronavirus pandemic has required resilience, decisive action and strategic action from businesses of all sizes. Data released by the US Chamber of Commerce in June 2020 reported that 21 percent of all small businesses had…
Learn the Advantages of this Flexible and Cost-effective Source of Finance Invoice factoring, also known as accounts receivable financing, has been around for a long time. Yet, despite the large numbers of businesses that factor their invoices, there are still many myths in circulation about this form of business financing. One of the most common…