Cash flow kills one in every four small businesses. You read that correctly. Twenty-five percent of small businesses end up closing shop because they weren’t able to manage their cash flow correctly. This phenomenon is so widespread, yet rarely understood. Even a seemingly healthy business that is turning a steady profit could be at risk [...]
Managing cash flow is one of the most critical aspects of running a successful business. Unfortunately, it’s a challenge many entrepreneurs and small business owners gloss over when developing their business plan. By focusing entirely on revenue generation, they lose sight of the fact that it often takes days, weeks and even months to get [...]
As an entrepreneur or small business owner, you've likely faced barriers getting working capital to fund your expansion or cover occasional cash flow shortages. You've no doubt realized that traditional bank loans are often an uphill battle that demand significant collateral and a high credit score. If any of these scenarios apply to your business, [...]
When it comes to managing a successful business, getting paid on time is absolutely critical. So critical, in fact, that many small business owners assume it's a given. After all, who would take my product or service and not pay me?! It happens all the time. In fact, the accounting field has a name for ESTIMATING [...]
Ever had to turn down a job because your bank account couldn’t handle the upfront expense? Maybe it was a large construction client that only pays in installments, or maybe it was a large client that’s stocking up on product - and can't pay for 30 days... But either way, it’s not fun. You’re losing [...]
Have you ever had a time where sales were great, but cash was low? A time that actually makes you question your business. Asking yourself things like… “Is this really worth it? I’m doing everything I want to do, but I’m still not getting where I want to be”. Me too, and I know exactly [...]
Who doesn’t love the holidays? Sleigh bells are ringing, the Christmas music is playing - and everybody is stress free….. Okay, I might have gone too far on that last part, but you get the hint - Holidays are both exciting and “eventful” for everybody. But it seems like Entrepreneurs get to enjoy this a [...]
With all of the financing options available today, there's no need to deal with traditional hassles. Traditional hassles like extensive underwriting, loan guidelines that don't fit your business, or just interest rates in general - there's probably a solution for your problem. A common type of alternative financing that provides a solution for Cash Flow concerns... [...]
Being an entrepreneur is a constant roller coaster. One week, everything's going as planned and you have plenty of cash flow. The next week, you're trying to figure out payroll and you don't understand why your bank account is showing in red. This roller coaster limits your decision-making and increases your stress levels. A roller [...]
