Starting a small business is not only a decision but is like a journey which is bound to give a rich experience in the process. If the things are done rightly, this decision will also make you rich, financially. There are so many start-ups coming up with ideas to the market every day. For SMEs […]
It’s one thing to come up with a winning business idea and launch it. It’s a whole other thing entirely to turn your business idea into a long-term financial success. According to a study by Statistic Brain, entitled Startup Business Failure Rate by Industry, over 50% of U.S. companies fail after just five years and […]
Most new businesses to get their start in life with a loan. Whether the money comes from family, friends, colleagues, or the bank, it’s often the only way to start a business. The good news is there are a few funding options available with professional lenders including business loans and personal loans. Personal loans are […]
Over the years, many SMEs have found it increasingly difficult to be approved for business lines of credit. It’s a double-edged sword: on the one hand, the entrepreneurial flair of the business owner is not backed up by hard data in the form of strong revenue streams, a sizeable asset balance sheet, and huge levels […]
Maintaining strong cash flow is a crucial part of running any business. You need to work with your account to ensure you have a strong cash flow to meet your payroll and other expenses, invest in new capital to grow your business and provide for you and your family. Unfortunately, it often takes a while […]
It’s one thing to talk about business cash flow . Financial history: Since the business at hand already has a thorough financial history, you can be sure of the fact that you will have a good idea what to expect in general. This in turn, will also make it easier to attract investors, as well […]
Are you a business owner looking for better ways to fund your business and successfully manage your supply chain? Running a growing your business. No Debt Incurred: Receivable finance is not a loan and therefore you are not incurring any debt. Through receivable finance, you can keep your balance sheet intact and even obtain other […]
Every business including those in the cottage industry (i.e. trades) need to keep an eye on their expenses especially when they’re looking for tools for their trade. With numerous brands and models across a wide range of price points, it can be difficult choosing which power tool delivers the most value at the best price. […]
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?