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How to Start Using Financial Management Practices in Your Business The growth phase of a business is an exhilarating and hectic time for an entrepreneur. There are people to recruit, products and services to launch, and marketing campaigns to be organized. With so much going on, financial management might not receive the attention it deserves….
Strategies for Bouncing Back During Tough Times It’s no secret that the economy can be tough on businesses. If your company has found itself struggling to recover from previous recessions or if you simply want to prepare in case of one in the future, you’re not alone. Many businesses find it difficult to bounce back…
7 Steps to Quickly Pay Off Your Business Debt It can be a dreadful feeling to have to deal with a mountain of debt, especially when the debt threatens your business. Fortunately, it’s possible to take steps to bring your debt under control and quickly improve your cash flow. If you’re a business owner and…
7 Techniques to Increase Working Capital As most business owners know, managing cash flow is essential to the survival of a business and needs to be carefully controlled. Cash flow indicates the well-being of a company and helps to determine a company’s ability to pay its bills such as payroll, rent, and vendors. Unfortunately, lack…
Poise Your Company for Growth Periods of high inflation can be worrying for a business owner. However, things might not be as dire as you fear. Indeed, economists believe that low levels of inflation can drive economic growth as the Federal Reserve targets an annual inflation rate of two percent. The other crucial fact to…
Every cent of cash you have tied up in overdue customer invoices or unused stock is costing you money in interest as well as the opportunity for expansion and growth. You could increase sales to increase money coming into the business or you could consider restructuring your finance arrangements. However, there are some more straightforward…
Good Business Practices = Good Funding Prospects Obtaining the funding needed to expand your business can be frustratingly difficult, but knowing what to expect when searching out financing options can be the difference between success and failure. Getting financing can help a business progress to the next level and become more profitable. These tips will…
Tips to Ensure the Long-term Success of Your Company Small businesses are the backbone of the American economy. They create jobs, stimulate innovation, and drive growth. However, many small businesses struggle to stay afloat due to financial instability. To future-proof your business finances, it’s wise take a proactive approach and make prudent financial decisions. Following…
Quickly Reduce Costs and Improve Profitability Most small businesses operate on a tight budget while trying to grow its customer base and profits. You simply can’t afford to make any mistakes in your budgeting as you can easily find yourself in the red. Fortunately, you don’t have to have a huge, venture capital fund to…
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…