Posts Tagged ‘Cash Flow’
The Correct Answer to “How Will You Use My Money?”
Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.”
Read More Finance Resources for Nonprofit Organizations
It can be tricky managing the finances for a nonprofit organization. Keeping track of invoices, reimbursements, and petty cash seem like minor issues but they can quickly spiral out of control unless proper controls and policies are put into place.
Read More Growing Pains: The Top 4 Challenges Small Businesses Face
Running a business is like rowing a boat upstream. Once you stop rowing, you start to slip backwards. When the company is growing, owners have to be rowing furiously to get the next deal, to sign the next contract, to hire the next A player.
Read More Cash Flow Management Tips
Did you know that you could be showing a profit and still be going bankrupt? It’s true. The definition of bankruptcy is running out of cash. Why are profits and cash flow often very different at a point in time? Here are five common reasons and what you can do about them.
Read More What to do When the Payment is Overdue?
You’re a small business owner, not a collection agency. You’re probably not all that good at or fond of dunning customers who don’t pay their bills on time. Unfortunately it’s a real problem and that reality should motivate you to become an expert in keeping your cash flowing in a timely manner.
Read More How to Survive Lean Times
Everybody who is in business for himself (or herself) is going to have dry spells every once in a while. So plan for them. Focus on controlling the things you can control.
Read More What to Do When Customers Don’t Pay
A few weeks ago, I received an email from a frantic new business owner. One of his clients—a very large company—had an outstanding invoice that was 90 days past due. Concerned and cash-strapped, he wanted to know what he should do.
Read More 3 Working Capital Tips for Your Small Business
Money is often tight for budding entrepreneurs. It is crucial that your hard-earned start-up money is not wasted, so make sure to keep in mind the working capital required for your small business to grow.
Read More Question of the Week: How to Improve Cash Flow
“Can you give me advice or tips on improving my company’s cash flow? I own a small landscaping company and struggle with my receivables.”
Read More 4 Bookkeeping Tips for Small Businesses
If you know what’s happening to the cash flow in your company, you can make decisions that will improve profits and cash flow long term. Here are three easy small business bookkeeping tips that will save your sanity and help you get started.
Read More