While it’s important to reinvest money into your business, you also want to keep a healthy amount of capital in savings for a rainy day. Spending too much money before you have a solid income stream can make it...
Lines of credit and business loans are both excellent ways to grow your business. Here are a few differences you should know. They can help you decide which option to choose for your next purchase. 1. Interest Rates Long-term loans can have incredible...
When you left school you thought that the days of writing reports and essays were behind you, but if you're planning on starting a small business then that couldn't be farther from the truth. Writing things down is not a waste of...
Invoice factoring is an excellent way to financing your business needs without taking on debt. You don’t need to worry about down payments, collateral, credit score or other concerns commonly involved in lending. Instead, you can exchange unpaid invoices for a large...
The purpose of the Small Business Administration is to help startups and small businesses to have solid financial footing. The SBA focuses on keeping small businesses healthy, encouraging excellent cash flow and helping you get the things needed for operations. This definitely...
When businesses provide services to their clients, they know that they will receive payment. However, sometimes clients will not pay their bills until over a month after the services were rendered. For larger companies with established lines of credit and lots of...
Accounting is an essential part of any business. As you start out, you may be handling your own taxes. Consider the right time to hire an accountant and find out how you can benefit from the professional services of a qualified accountant. Writing...
To supplement cash flow or to fund growth, businesses with a high volume of credit card transactions often turn to unique funding opportunities like a merchant cash advance. An MCA can be defined as a discounted purchase of future credit card transactions. The...
Most business owners need some financial assistance along the way. You might be starting a new enterprise, expanding your staff, or growing your client base. Financial markets and business trends could also be affecting your bottom line. Any or all of these...
Running out of cash is one of the major causes of small business failure. Whether you’re just launching your business or looking for a way to keep it afloat during a tough time, use these cash flow tips to...