Category: Business Advice
growth plateau

How To Push Past Growth Plateaus

Causes of Plateau Business plan ill-equipped to support growth Lack of Personnel Financial Constraints Market Competition Growth plateaus are common for any business. Typically, they are a part of the small business growth cycle: expansion, plateau, expansion. Prolonged plateaus could be indicative of a more serious…

Financing Unexpected Business Costs

Doing business isn’t always perfect. Much like the real world, there will be unexpected costs. Maybe your daughter broke her arm climbing a tree, or maybe your landlord is increasing the office rent by 10%. Both scenarios may require extra capital that isn’t available. Maybe all…

relieve stress as an entrepreneur

How to Recession-Proof Your Business

Will Your Business Need Funding During a Recession? It’s been a decade since the last major economic downturn in America. Since then, unemployment has declined to pre-2008 rates and recovery has been slow but steady. But the economy is cyclical, and two-thirds of business economists expect…

working capital funding strategies

FAQ About Working Capital Financing

Q: What is the importance of working capital? A: Working capital is your company’s assets minus liabilities. This number is inflated compared to the available cash in your business due to the amount of money often tied up in accounts receivable. Working capital is the pulse…

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…

finding money for your business quickly

How to Find Money Quickly For Your Business

A traditional bank loan, a second mortgage, and a Small Business Administration loan are all great financing options for your new or existing business. The catch is the high standards for approval, personal liability, and the time it takes from application to first funding. What can…

increasing employee retention

How To Increase Employee Retention:

Employee retention is increasingly important to businesses both large and small. With low unemployment rates, companies are competing for both attracting and retaining top talent. It costs an average of 33% of an employee’s salary to find a replacement, and it can increase to 50% when…

customer nonpayment

Warning Signs Your Customer Could Be In Trouble

You’ve worked hard to make that sale. You’ve delivered the goods. Congratulations. It took effort to nurture that relationship. Now you need to get paid as otherwise you’ll be in trouble. You have bills to pay, and people rely on you. How do you get paid…

the importance of customer retention

The Importance of Customer Retention

Customer Retention and Profits. Customer retention is linked to a business’ profits. A study by Fred Reichheld of Bain & Company finds that a 5% increase in customer retention generates over a 25% increase in profits. This is due to repeat customers purchasing more from a…

small business invoice factoring

How to Avoid This One Thing That Dooms Small Businesses

If you own a small business, you are one of the 28 million Americans who are helping to drive the economy with hard work and innovation. According to the 2010 Census, approximately 120 million people across the nation are employed by small businesses, which are defined…