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 […]
Payments and Collections
3 Pros and Cons of Using Mobile POS Systems for Your Small Business
It seems that with every new store I visit, I notice it more and more often: Businesses replacing the traditional point-of-sale cash register with a smaller, slicker mobile device. Swiveling iPads, smartphones clutched by every employee—the type of mobile device used to collect payments varies, but their popularity in retail and restaurant environments must mean […]
The Cryptocurrency Craze Has Slowed Down: What Should We Expect Now?
For anyone who has followed this fledgling industry for a number of years, 2017 was an impossibly crazy ride for the cryptocurrency space. Popular coins such as Bitcoin and Ethereum experienced exponential rises in price, along with smaller cap coins that created a real craze around the still-developing industry. But so far 2018 has been […]
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 […]
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 […]
Crypto Currency: The Newest Investment Tool for Your Business
By now you probably already know that crypto currency is a form of online money. However, there is a major difference between regular currency and crypto currency. To start off, some form of government usually issues regular currency. Crypto currency on the other hand is usually transferred from one holder to another. The process involves […]
Offer Varied Payment Options to Boost Sales and Enter New Markets
With the rise of digital commerce and global payments and the increasingly interlocking global nature of business of all kinds, small business owners have a whole host of new tools and options at their disposal to compete in the marketplace. One wonderful facet of this new reality is that small business owners can enjoy patrons […]
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 […]
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 […]
Why Your Business Will Switch to E-Invoicing
In December a medium-sized business announced they would launch e-invoicing on New Year’s Day. While the company’s finance department was thrilled, their customers were underwhelmed. Most customers had their doubts — and some even refused. “Our company is not ready,” was the frequent refrain. It has been estimated that the average cost of sending a […]
