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Best Practices for Invoicing Invoicing can feel like a hassle when you first set up your small business. It can be maddening to send out invoices, only to wait for payment from clients for 30, 60 or even 90 days. Here are eight best practices you can use to make invoicing easier allowing you to…
Small businesses create millions of jobs, boosting the U.S. economy. However, when a recession hits, it can be hard for small companies to recover and bounce back. All too often, many small businesses simply shut down. This article shares four ways to protect your small business during tough times. 1. Get Capital Quickly You need…
Running a successful business can often be hectic and overwhelming. Luckily though, there are some techniques you can implement to better help manage the stresses and strains of the job. Here are five things you can start doing today to handle the stress of running your company: 1. Prioritize Whenever you’re stressed, make a list…
Other Sources of Business Funding Small businesses tend to operate right on the edge, which means that most of them will need some financing assistance sooner or later. Unfortunately, getting a bank loan is not possible for a lot of growing businesses. More than half of all business loan applicants are denied, and most of…
Small businesses are the backbone of the U.S. economy and job market. Nearly 95 percent of all employer-operated businesses in the United States are small businesses. More than half of all Americans either own or work for a small business, and they create two out every three new jobs in the U.S. each year. Without…
Running a small business is always a tough thing to do. When you are in charge, you’re responsible for everything that happens, from how customers are served to how employees are paid. As a business owner, it’s tempting to take a hands-on approach to everything that happens under your watch, but that is not always…
How to Collect on Unpaid Invoices Some customers can have difficulty paying their invoices on time. When you come across such customers while doing business with them, there are a few things that you can do to help with collection. You can also take steps to ensure that this doesn’t happen in the future. The…
Funding Options to Grow Your Business Large banking institutions remain reluctant to lend to small growing businesses, and those that do commonly have long application procedures as well as unfavorable terms that create financial pressure from the start. If you’ve been turned down for financing by a bank, you may be worried about how you’re…
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…
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,…