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 […]
Cash Flow
Cash control during these strange times
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 […]
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 […]
Is Investing in Real Estate a Lucrative Endeavor Worth Your Time?
Many people wonder if investing in real estate is worth it. When considering the ups and downs of the real estate marketplace, most experts would say that yes, real estate investments have the potential to become very lucrative. Buying a house is, after all, a necessity for most people who simply need to put a […]
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 […]
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 […]
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 […]
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 […]
7 Biggest Mistakes in Handling Accounts Receivables
Managing your company’s accounts receivables is one of the most critical aspects of fiscal health. Yet, many business owners fail to effectively handle their accounts receivables, either directly or indirectly. Poor accounts receivables policies can lead to a bevy of problems involving client relations, cash flow, tax return complications and even legal issues. Seven of […]
How to Prepare a Cash Flow Statement
We don’t need to tell you that cash is the lifeblood of any business—or that tracking the cash that flows in and out of your company is key to understanding your overall financial health. Consider the #1 reason why small businesses fail: poor cash flow. Many a profitable business has failed because it simply ran […]
