Category: Business Advice
invoice factoring broker

Invoice Factoring Brokers

Many small businesses are in need of working capital financing. This is due to cash flow strain from: business growth, large clients that pay on long credit terms, and upfront supply costs. Business can get off track when a small business owner is spending their time…

business deadlines

Meeting Deadlines in Business

Always consider the customer experience. Making your on-boarding process as painless as possible means greater customer satisfaction and potentially customer referrals. An important process is communicating timelines to meet your customer’s expectations. How to Meet Team Deadlines Set reasonable time frames and deadlines for your team…

the importance of customer reviews

How to Grow Your Business With Reviews

Customer reviews are important. The Yelp effect shows that reviews affect revenue. A one star increase on Yelp translates to about 5 to 9 percent increase of revenue. 90% of consumers read online reviews before visiting a business. And 88% of consumers trust online reviews as…

computer with accounting

Should I Use Accounting Software for My Small Business?

Many small business owners have been turning to accounting software for their bookkeeping needs. Software can be used with or without an accounting department, depending on how lean your business is. Accounting software has stepped in to fulfill the need of monitoring financials and minimizing errors…

Things You Need to Start a New Business

Start-ups are a hot topic these days, with many small players having rocketed to the top of the marketplace in the past couple of decades. Here are the foundational elements you need to turn a good idea into a viable business. Foundation Elements of Starting a…

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…

working capital management

The Importance of Working Capital Management for Your Business

Many business owners focus on the numbers on their balance sheet without paying attention to their cash flow needs. To keep your company running and help you expand your business, you must take charge of your working capital. Otherwise, you risk financial insolvency. Want to Share…

business credit services

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…

importance of working capital management

Understanding Credit Risk

Working capital management has a lot of components, but the most important part of managing your working capital is credit risk management. Business credit or trade credit is an important factor in running a small business. Selling to other businesses on credit terms affects cash flow…

cashflow podcast

Smart Books Smart Tax

Listen to host Vernon Foster interview Ian Varley on cash flow and small business financial health here: How to Free Up Your Cashflow: 61% of small businesses struggle with cash flow. Increasing sales and increasing revenue does not equate to healthy cash flow. In fact, growing…