Posts Tagged ‘Cash Flow’
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…
Read More4 Surefire Tips to Get Clients to Pay Faster
You finish the job and send your client the invoice. And then you wait for your payment. And then you wait some more. You silently wonder if you should contact your client, but you know that they will pay – eventually. Sound familiar? We’ve all been there. The problem is that not getting your pay…
Read MoreDon’t Ignore This 12-Step Program to Good Credit Management
Cash flow is the life blood of all businesses and having too much working capital tied up in late and non-paying customers can spell disaster for a new small business. According to a U.S. bank survey, the majority of small businesses fail within the first five years, and roughly 82% fail because of poor cash…
Read MoreWhy It Is Important to Keep an Eye on Your Cash Flow
If profits are up and the projections look good for the next month or two, should you kick back and relax? Maybe not. No matter how positive other signs may be, if you’re not keeping a close eye on your company’s cash flow, things could go haywire. Even a temporary crunch resulting in late debt…
Read More10 Startup Strategies to Minimize Cash Flow Disasters
The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and…
Read MoreAvoiding Cash Flow Problems
Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs. Here are a few ways, as noted in Beyond the Numbers, that poor cash flow can affect your business. Tips on…
Read More3 Strategies for Bootstrapping from the Beginning
While choosing to forego outside investment can leave your business more susceptible to the ups and downs of the market, it can also be exhilarating to be in complete control of your professional destiny. Your ascent into the upper ranks of your industry may be slower than if you were bolstered by outside funds, but…
Read MoreHow and When to Use Short-Term Business Loans
Almost every small business needs to borrow at one time or another. However, not all loans are created equal—and some types of finance are more appropriate in particular circumstances. So, what is the best guidance on a short-term loan? All about short-term loans As its name suggests, a short-term loan involves borrowing a fixed amount,…
Read MoreTurn Your Receivables into Cash Quicker Using Telecom Factoring
There’s no denying that maintaining a small or even a medium-sized business can be tough in this day and age. The telecommunications sector often receives the brunt of it, because the face of the industry evolves quickly, which means that many startup companies are often left in the dust. It’s unfortunate because those companies had…
Read MoreDiscover This New Free Tool to Maximize Your Cash
Cash is king. That’s one of the important lessons Jeff Bezos the wizard of cash flow, has taught the business world over the last decade or so. But to maximize cash flow and other key performance indicators, you need to understand how all the moving parts of your company’s financial ecosystem are working together. When you…
Read More