Get Ready for These Financial Trends of the Future

As a small business owner in the e-commerce or brick-and-mortar retail sector, a substantial part of your success will depend on your ability to assimilate industry trends and adapt to changes in the market. To understand why you should stay on top of financial and market trends, consider the diametrically opposed fates of Sears and…

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How to Deal with Late-Paying Clients

No matter what industry your business is in, you’re bound to come across a client who’s thrilled with your work, but never pays an invoice on time. Not only does a late payment put strain on your business, it creates friction between you and your customers. You want your customers to have a pleasant experience and don’t…

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5 Steps to Better Invoicing and a Smart Payment Process

To make payroll, you need money in the bank… Which makes effective invoicing is a must. Let me ask you this: Do your customers pay you in a timely fashion? If not, cash flow can become critical, making it impossible to grow your business. That’s why, for your business to succeed, you need a sound…

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What’s the Most Important Part of Cash Flow? Invoice Terms

Owning your own business provides a rewarding experience. As your own boss, you can set your hours and your priorities. You are also free to pursue the work that you find rewarding and fulfilling. But no matter how much you love what you do, collecting your pay remains a necessity. After all, if you don’t…

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7 Simple Ways to Ensure You Get Paid on Time

It’s no secret that running a business is tough. You knew it long before you even started down this path. You’ve heard all the stats before—over 20% of all small businesses fail within the first year, and more than half don’t make it to five years—and everyone you spend any time with at all feels…

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How SMBs Can Receive Payments from Crypto Holders

Blockchain technology is everywhere. The interest in cryptocurrencies increased significantly last where when Bitcoin reached $20K. Though the price of Bitcoin decreased, interest in bitcoin and other cryptocurrencies didn’t fade. Several businesses have started accepting cryptocurrencies such as Subway, PayPal, Shopify, Microsoft, and alike. No doubt, crypto payments provide businesses and ecommerce with an additional…

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Have Uneven Cash Flow? 5 Ways to Smooth It Out

Small businesses, freelancers and “solopreneurs” alike know all too well that steady, predictable cash flow is a peace of mind that is not always guaranteed. Luckily, there are some things you can be doing to mitigate those dips and help make your financials get into a more reliable state, month after month. Update Billing Cycles…

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4 Surefire Tips to Get Clients to Pay Faster

You finish the job and send your client the invoice. And then you wait for your payment. And then you wait some more. You silently wonder if you should contact your client, but you know that they will pay – eventually. Sound familiar? We’ve all been there. The problem is that not getting your pay…

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Don’t Ignore This 12-Step Program to Good Credit Management

Cash flow is the life blood of all businesses and having too much working capital tied up in late and non-paying customers can spell disaster for a new small business.  According to a U.S. bank survey, the majority of small businesses fail within the first five years, and roughly 82% fail because of poor cash…

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