Posts Tagged ‘Cash Flow’
Avoiding 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 MoreIs Your Business Bleeding Cash? Here is Your First Aid
Sometimes we find we are cash strapped regardless of how business is booming. In fact, you can have a very successful business go under simply because it is bleeding to death. Cash is essential to the day to day running of a business, and unfortunately, revenue does not always equal cash. This means the books…
Read MoreDawn’s Stop-Doing List
Stop cutting your prices to find more clients. Do mine your existing client base for new revenues and referred business. A 5% increase in retention of a profitable customer yields a 25-85% increase in bottom line. Engage and reward existing clients. And ask them to partner with you to reach more of their friends. Eagles…
Read MoreWhat Do Business Plan Financials Look Like?
People often ask: What do business plan financials look like? You can get away with a sales forecast, spending budget, and cash flow plan. That’s enough for actually running your startup. It’s the essential numbers in a lean business plan. If you want to do it right you take it further and present projected (also called Pro Forma)…
Read MoreInvoicing Doesn’t Have to Be Hard: 8 Tips
Although it may not seem like it now, invoicing doesn’t have to be hard. Understandably, many small business owners have a lot of tasks that they have to do on a daily basis. Because of all these responsibilities, they often don’t have the time and resources to spend on learning much more than they need.…
Read MoreSmall Business Health Check: Are Your Finances in Order?
The success of your small business hinges on the health of your finances. Every business faces hurdles and unexpected expenses—but when properly prepared for, these are just minor inconveniences. Financial security when it comes to small businesses has little to do with gross sales and everything to do with how money is handled. Are your…
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