Category: Business Advice
survive recession

3 Ways to Survive Recession

It’s no secret the economy is in recession. Small businesses are closing in waves. There is waning hope for additional government funding to support small business. How can you make it through with your small business intact? There are three main steps you should take to…

75% OF BUSINESS OWNERS HAVE 28 DAYS OR LESS OF CASH RESERVE

Small Business Failures

Cash flow is the number one cause of small business failure. Cash flow has been hurting across the board, and small business owners are feeling the pain. Most small businesses are reopen again in some capacity, but most businesses are also preparing for another shutdown due…

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5 Ways to Improve Your Cash Flow

If your business has upcoming payment obligations, you will need to focus on improving your cash flow now. There are some simple and some complicated methods of improving your cash flow. Ultimately the right cash flow management for your business will be reliant on your industry…

fintech loans

B2B Sales Tips

Business to business sales techniques are different than selling to consumers. First, you are more likely to reach a gatekeeper or lower-level manager. The first challenge is catching your prospect at the right time. For cold calling, the best times to call are the first hour of…

What to Do if You Cannot Repay a PPP Loan?

The Paycheck Protection Program is aimed at keeping small businesses and nonprofits afloat during harsh economic times caused by COVID-19. The main selling point of this program is that the loan is up to 100% forgivable. The downsides, however, is that many business owners will have…

importance of working capital management

Understanding Credit Risk

Now more than ever, it is so important that you increase your working capital in order to protect your business. A recession and global pandemic means that every business is shaken up. It is definitely possible that some of your customers will be unable to pay…

Everything You Need to Know About Small Business Invoicing

Invoicing is a subject that every business knows about or should know about. In this episode of #TheMoneyFactor I discuss invoicing basics from creating to sending to following up. My guest on this episode is my Head of Operations at Eagle, Angela Reece. As an invoicing factoring…

survive recession

Planning to Restart Your Business After COVID-19

Whether you have closed your business temporarily during the COVID-19 shutdown or whether you have still been operating at a reduced capacity, you have to plan to restart your business after COVID-19. Financing and managing your receivables will be key components of your plan to resume…

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Avoiding Unnecessary Business Costs

Growing businesses can find themselves strapped for cash. This is because expansion means rising costs in overhead, supplies, and payroll. 82% of business failures are caused by cash flow, so it’s important to trim down the unnecessary costs of business. Even running a lean operation, chances…

accounts receivable financing companies

Forecasting Your 90 Day Cash Flow

Longer term pictures of cash flow can be important when wooing investors or bank underwriters, but the COVID-19 disruption in business can make this statement inaccurate when it comes to staying afloat short term. This is where a 90 day cash flow forecast can help you…