Photo Courtesy of Pixabay.com In the modern digital age, fewer people choose to carry cash to make purchases. Over half of consumers claim to only carry cash about half the time and they rarely have over $50 in their wallets. Most people rely on credit or debit cards to make purchases. As a business owner, […]
Payments
Consider These 3 Finance Issues for 2021
Source: Pixabay There is no denying that it has been a tough year for many people, with the business world, in particular, having to deal with a multitude of issues. However, now that 2020 is drawing to a close, some small business owners may already have one eye on what they hope to achieve in […]
Why Do You Need to Improve Your Cash Flow?
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. Possibly 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 […]
Going to Collections: A Big Step with Big Benefits
When working with customers, we want to do everything possible to maintain positive relationships and provide quality customer service, whether that means creating personal connections, responding promptly to inquiries, or using data to determine how to best meet their needs. Unfortunately, sometimes our efforts to work well with customers don’t always yield the desired results, […]
How to Find the Best Point of Sale Systems in 2019
It can be overwhelming to research and choose the right point of sale system for your company. With so many different point of sale systems available, it’s not easy to know which one is ideal for your business. But, making the right choice can save your business a lot of time and money. Keep reading […]
Get Ready for These Financial Trends of the Future
As a small business owner in the e-commerce or brick-and-mortar retail sector, a substantial part of your success will depend on your ability to assimilate industry trends and adapt to changes in the market. To understand why you should stay on top of financial and market trends, consider the diametrically opposed fates of Sears and […]
How to Deal with Late-Paying Clients
No matter what industry your business is in, you’re bound to come across a client who’s thrilled with your work, but never pays an invoice on time. Not only does a late payment put strain on your business, it creates friction between you and your customers. You want your customers to have a pleasant experience and don’t […]
5 Steps to Better Invoicing and a Smart Payment Process
To make payroll, you need money in the bank… Which makes effective invoicing is a must. Let me ask you this: Do your customers pay you in a timely fashion? If not, cash flow can become critical, making it impossible to grow your business. That’s why, for your business to succeed, you need a sound […]
What’s the Most Important Part of Cash Flow? Invoice Terms
Owning your own business provides a rewarding experience. As your own boss, you can set your hours and your priorities. You are also free to pursue the work that you find rewarding and fulfilling. But no matter how much you love what you do, collecting your pay remains a necessity. After all, if you don’t […]
7 Simple Ways to Ensure You Get Paid on Time
It’s no secret that running a business is tough. You knew it long before you even started down this path. You’ve heard all the stats before—over 20% of all small businesses fail within the first year, and more than half don’t make it to five years—and everyone you spend any time with at all feels […]
