Many Americans bear witness, from their experience of working the traditional 9-5, that it’s near impossible to realize a dream of financial freedom by depending on income from this source alone. As a result, more small businesses have sprung up in the past few years than at any other time in history, as entrepreneurs just […]
Small businesses play a pivotal role in a country’s economic growth. Even though most small businesses are struggling with cash flow and growth finances, they are key to the economic success of America. The latter statement raises a question as to why small businesses fail within the first 3 years. To elaborate, small business owners […]
It is becoming increasingly difficult for corporations to effectively and efficiently manage employee expense reports. Travel transactions are growing in volume as corporations become increasingly globalized. In the face of increased travel and accompanying expenses, it’s become more of a burden for corporates to manage these expenses, and they’ve seen upticks in fraud and waste. […]
The tendency to save is inbuilt within us. Most people try to save without involving any risks, by depositing their money in banks, while others invest their money for a better future. However, most forms of investment carry a certain level of risk, which may not be acceptable to many people.
The global banking practice has been changing drastically in recent years, as the number of online banking apps is increasing each day among users of all ages, but especially millennials. With the skyrocketing growth of mobile devices worldwide, it is obvious that banks have to be proactive and adopt a holistic approach in their businesses, […]
Being a self-employed contractor has many advantages over being a full-time employee at a regular company. Increased pay, being your own boss, manage your own time and countless others, it’s hard to find reasons why you wouldn’t start contracting right now.
One of the most important aspects of running a business, large or small, is ‘number crunching’ also know as finance and accounting and businesses whom invest in an in-house team dedicated to this discipline are more likely to succeed. Robust financial management processes are critical for survival of any business in any industry today. Start-up […]
Before you go into business you dream about sky high profits! But once you get started in business you dream about positive cash flow! So, what’s the difference between cash flow and profitability? Aren’t they pretty much the same?
Running a business is an expensive passion. While it is very satisfying to know that you are running your enterprise successfully and achieving your personal goals, it can be something that creates a lot of pressure and weight on your shoulders. Since you want to make sure that you are maximizing your earnings to the […]
Everyone dreams of being their own boss. Working as an employee can be really tiring. It seems as if you do the same thing every single day. You are stressed with the mountain of paperwork you must deal with, and it doesn’t help when your boss constantly tells you to do more. You end up […]
Many businesses use credit card readers to carry out their regular transactions. We live in an era where plastic money is more common than real money due to various reasons. Almost all businesses accept credit card transactions and they need a solid card reader for this purpose. It is important to know about credit card […]
As a business owner, you might find yourself buried under a pile of debt. However, you should keep in mind that business debt is much more than personal debt and carries stricter terms of repayment as a result. The credit reputation of your business is a very valuable asset and you can use it to […]