Cash Flow

How To Improve Your Cash Flow This Year

Coronavirus has caused shutdowns across the world and the country that have largely impacted small businesses, and, on top of that, there have been protests around the country as well, which are also affecting businesses. All of this means that you may be dealing with cash flow issues as a small business. Cash flow is a critical consideration for all businesses because it’s … [Read more...]

6 Tools to Use to Keep Track of Your Business Finances

When you're running a small business, it can be challenging to keep up with your finances. You have to track daily, weekly, and monthly expenses and organize invoices as well as make sure that you're paying your taxes correctly and on time. Since handling the financial aspects of your company can be time-consuming, you may find that it's difficult to simultaneously handle other … [Read more...]

4 Major Factors That Contribute to the Success of Your Small Business

While all small businesses start with a dream, only some of them successfully achieve it. Others turn into a nightmare when the first obstacles and challenges start to occur, and they never succeed to surpass them. Although the personal traits of the owner and their financial and professional backgrounds differ, there are certain things small businesses that succeed have in … [Read more...]

How to Tell if a Company Is Facing Financial Uncertainty

The ability to detect when a supplier, customer, or business partner is facing financial uncertainty is an important aspect in safeguarding your own company. If the warning signs are overlooked for too long, then the results can have a detrimental effect on your business too, particularly if it involves unpaid invoices or loss of business. With companies becoming insolvent … [Read more...]

Can You Get a Loan for Working Capital?

Understanding the best way to finance your small business means being prepared for any challenge that pops up as you grow your company. Not only will the right financing help you have the reach to see all your projects through to conclusion, it is also a great way to make sure your major investments don't run down your cash reserve. You might not realize it, but loans and other … [Read more...]

How To Handle Cash Flow: 5 Handy Tips

When running a business, "cash flow is king" is a phrase you may have heard thrown around and honestly, it’s not untrue. Many a fundamentally sound business has found itself going under due to running out of cash, especially if owed some money. It’s good to think about and plan ahead to avoid this. Let's have a look at the ways to do this. Make A Business Plan – Project Income … [Read more...]

5 Things First-time Entrepreneurs Need to Know About Startup Finances

In theory, a sustainable business is one that makes more money than it spends. The problem with this oversimplified view lies in the fact that it assumes that you start from zero. This is not the case with most startups that have to get in debt to even launch. Aside from this, the ways in which you spend your money, reinvest and make financial projections affects the efficiency … [Read more...]

4 Obstacles Businesses Face When Trying to Manage Their Finances

Offering a quality product or service is only one component of running a successful business. You also need an understanding of how to market that idea, get it to your customers, and make sure that your pricing model runs in step with your financial demands. While keeping your business afloat may seem like an arduous task, it’s a surmountable one. The following four obstacles … [Read more...]