Budgeting and Personal Finance
Avoiding Cash Flow Problems
Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs….
Can Business Failure Damage Your Personal Finances?
This is a question often asked by entrepreneurs, and the short answer is maybe. The longer answer is that it depends on your circumstances and the type of finance you take out. If you’re a…
The Evolving Overseas Money Transfer Industry Helping Small Businesses
Small businesses that needed to make or receive international payments had to deal with high costs, extensive paperwork, and long processing times until not so long ago. This was when access to the institutional foreign…
Why Every Business Owner Should Have a Rainy Day Fund
Even if trading is very successful for your business, you can never be too sure of what dangers lie ahead. If your sales begin to dry up, running costs skyrocket or an unexpected expense messes…
5 Ways You Could Be Damaging Your Company’s Credit Score
Almost every small company needs to borrow at one point or another, and ideally sooner than later. And when you do, your credit score will dictate who does business with you and at what interest…
4 Ways to Make the Most of Your Business Credit Card Rewards
Many small business owners have come to depend on their business credit card—and for good reason. Beyond providing a revolving line of credit and a simple way to improve your business credit score, they can also…
The Challenge of Boosting Growth in a Low-Inflation Economy
For anyone who was around during the hyper-inflation days of Presidents Ford and Carter, the current economic climate as something of an Alice-in-Wonderland feel. I say this because in those days the Fed was continually…
Don’t Ignore the Human Factor When Managing Your Business Assets
Asset management can be an overwhelming process, one that demands constant attention regardless of business size or shares. No company is an island, but the summation of accumulated assets. As businesses begin to grow, mounting…
Financial Freedom is Not Just About Wealth
What does financial freedom mean to you? Is it the ability to work less so you can play more? The freedom to do what you want, when you want? Or just not having to worry…
Why Do We Need Financial Forecasts?
Business owners and managers do financial forecasting to enhance management. Anticipate essential flows of money to manage them better. Forecasting is a necessary first step towards managing plan vs. actual results, which means course corrections….
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