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 […]
Cash Flow
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 […]
Should All Businesses Produce a Cash Flow Statement?
When you’re running a business, cash flow is extremely important. All businesses have the same goal: to have more money coming in than there is going out. A positive cash flow enables your business to not only continue operating, but to expand and become successful. Managing your cash flow therefore becomes extremely important. If you […]
7 Tips for Managing Payroll When Cash Flow is a Problem
Money management is a core part of running a business of any size, but it can fall by the wayside when other tasks become distracting. If you stop ensuring that all your sums add up, you might not notice a difference immediately, but soon enough your operation will hit a wall. Worse still, that trouble […]
Key Online Lending Platforms to Capitalize Your Small Business
Kicking off a small business idea and sustaining the same is not an easy task. From drafting a blueprint to getting things off the ground, meticulous planning is required. Apart from a solid business plan, having deep pockets becomes a catalyst for unperturbed business operations. However, maintaining adequate cash flow becomes a challenge and financial […]
Alternative Funding: What Can My Business Get?
Running and maintaining a successful business is hard work. It is exciting starting and working on a new venture, however, keeping things ticking over requires constant effort and even more importantly, continuous financial backing. Cash is king and having a healthy flow of cash throughout a business is essential. Even with the best business models, […]
Don’t Forget These 4 Essentials for Efficient Cash Flow Forecasting
A businesses cash flow forecast can help businesses to predict the profitability of the business to help pay for outgoings and plan for the future. It’s a vital financial tool that can help to understand business performance and meet costs. Whilst it can be relatively straight forward to put together, cash flow forecasting can also […]
7 Pitfalls to Watch Out for When Funding Your Small Business
Remember that you’re going to make mistakes while running your business. It’s okay to make a few mistakes. But most financial mistakes are the results of lack of financial knowledge or poor planning. Here are the most common pitfalls to avoid when securing funding for your small business. Choosing the Wrong Business Partner Not choosing […]
