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How to Avoid Bankruptcy During Difficult Times

Tips to Shore Up Your Business Finances Bankruptcy has always been intended as a “last resort” measure for avoiding total insolvency and financial ruin. It’s an important safety net for emergency situations, but it does come at the cost of a big hit to your credit score and ability to secure financing for the following…

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How Invoice Factoring Can Solve Your Cash Flow Problems

Sell Your Accounts Receivable for Immediate Working Capital Cash flow plays a crucial role in keeping your business healthy. You need to keep money coming in to meet your responsibilities such as paying your staff, your rent, your suppliers and other bills. Even very successful businesses can run into problems with cash flow. These difficulties…

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How to Relieve Anxiety as a Business Owner

Occupy Your Mind with These Tasks to Stay Positive A recent poll by the American Psychiatric Association found significant mental health effects on the population due to COVID-19. Here are some results from this poll: 36 percent of respondents agreed “coronavirus is having a serious impact on their mental health.” 59 percent of respondents “feel coronavirus…

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Pandemic: 5 Ways to Boost Business Cash Flow During an Economic Downturn

Take Initiative to Protect Your Bottom Line In a pandemic, business leaders usually prioritize the most urgent issues — such as keeping their employees and customers safe, and ensuring that their supply chains remain intact. Once they have their houses in order in these areas, however, the next step is usually to ensure that cash…

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Looking to Increase Cash Flow? Consider Financing Alternatives

Don’t Wait for Banks or the SBA for Funding As a small business owner, you’re likely among the tens of thousands who have applied for more than $40 billion in relief funding under the Paycheck Protection Program. The roll-out of the program has experienced technical glitches and lender frustrations, leaving cash-strapped small businesses in a…

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Financing Options During a Crisis

Get Immediate Access to Cash Flow for Your Business You probably are overwhelmed with news stories regarding the Coronavirus pandemic. It is causing tremendous hardship across the U.S. and the world. While a great deal of uncertainty remains, there are steps you can take to shore up your company’s working capital. Small Business Administration Loan…

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Crisis Strategies to Get Your Business Back on Track

Tips to Help Your Business Exit a Crisis Stage Crises are realities that businesses either come face to face with or flirt with over their life cycle. These are conditions that present serious challenges to the business owner and its staff. How you respond to crises is going to define how your company grows and…

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Hidden Figures: The Secret to Improving Your Cash Flow

10 Ways a Business Accountant Can Increase Your Profitability Business owners are often too busy with the day-to-day running of their business to sit down and analyze their accounts. But, those figures in your accounts could hold the key to higher profits. Your accountant will have a wealth of knowledge learned from other businesses in…

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9 Ways Entrepreneurs Can Cut Costs Without Reducing Customer Satisfaction

Reduce Expenses Not Quality with these Tips The first and longest battle a business owner will have to fight is the one over their capital. You will need to care for it at every step. Keeping costs down without cutting corners is a difficult task, but it is far from impossible. Here are nine ways…