How a Savings Account Can Help Manage Cash Flow in Startups

The ability to effectively manage cash flow in your startup is essential to ensure your business always has adequate cash to meet its financial obligations. These may include payments for salaries, inventory, rent, utilities, and other expenses.  Limited or inconsistent cash flow is a common financial challenge that small businesses commonly face. It’s the primary…

Read More

8 Effective Strategies to Avoid Cash Flow Issues

investors-measure-entrepreneurs-by-cashflow-mileage

Cash flow problems can cripple a small business. In fact, this is the No. 1 reason startups fail, according to CB Insights. There are lots of reasons why a small business may run into a cash-flow crunch, including: Launching prematurely: Starting your business before you have sufficient capital High debt load: When a large chunk…

Read More

8 Different Steps to Handle Small Business Cash Flow

spot-quiz--what-percent-of-small-business-owners-manage-cash-flow-

Managing a small business comes with its share of challenges. From managing daily operations, invoicing, and accounting for profits and losses- running a small business is no small feat. To effectively ensure the longevity of your business, you should be able to handle the most crucial part of small business operations- the cash flow. Types…

Read More

Cash control during these strange times

3-ways-to-ease-cash-flow-worries

These are indeed strange times, especially if you haven’t lived through 2000-2002 and 2007-2008 recessions and difficulty in finding money from banks and investors. The simple economic truth Here is a simple economic truth.  Fixed overhead continues to eat into your cash month after month.  It doesn’t differentiate facile, efficient businesses from slow, disorganized, quality-challenged…

Read More

This Is the No. 1 Reason 82% of Businesses Fail

Small business owners face a ton of obstacles while growing their business. Starter capital, business planning, marketing, and stress are just a handful of these problems for entrepreneurs. But probably the biggest hurdle in owning your own business is managing your cash flow. 82% of failed businesses cite cash flow as a reason, so it…

Read More

5 Secrets to Better Cash Flow

Fretting over finances and being a business owner go hand in hand. You are probably always asking yourself: what’s our bottom line or how much is our overhead? But the real question you should be concerned about is: how healthy is our cash flow? The founder of Dell, Michael Dell, once said, “We were always…

Read More

Caution: 3 Main Reasons for Business Failures

Running out of money Lack of planning Growing too fast There are countless scare stories out there and it’s true, many businesses don’t make it in the long run, but according to the SBA, only 30% of new businesses fail during the first two years of being open, 50% during the first five years and…

Read More

How to Create & Analyze a Small Business Budget

So, your sales are rising, you paid off an SBA loan, and you just hired your first employee. Everything’s going swimmingly with your small business. Or so it seems anyway. How can you tell for sure? One way to gauge your success is to craft a budget that acts both as guardrails and yardsticks for your…

Read More

Small Business Credit Options to Manage Cash Flow

Small business owners quickly learn the importance of monitoring their cash flow. The flow of money in and out of your business can impact everything from the stock you have to sell to keeping the lights on. In a perfect world, your cash flows would align. All of our customers would pay their bills before…

Read More