Category: Business Advice
cash flow challenges 2021

Overcoming Cash Flow Challenges Right Now

A huge challenge to small business growth is cash flow. The majority of small businesses struggle with managing their cash flow, and cash flow issues are the number one cause of small business failure. 2020 was a rough year for small business owners, and many businesses…

financing unexpected costs

Financing Unexpected Business Costs

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

small business cybersecurity

Small Business Cybersecurity Concerns

Cybersecurity was a huge concern for businesses of all sizes in 2020, and it will continue to be an issue for 2021. The pandemic has caused many businesses to turn to remote work in some capacity. This inevitably opens your small business up to more risk…

business loans

7 Points to Monitor When Managing Your Small Business Growth

If you are looking to 2021 as a rebuilding year for your small business, you are not alone. The rebuilding process may bring its own challenges as you strain your cash flow to manage your small business growth. Here are 7 areas of your small business…

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…

invoice factoring broker role

Building Your Business Credit

Having strong business credit can open more doors for your business when it comes to selling on credit terms with other businesses, but also business credit will affect your access to working capital. Financial institutions like banks or online lenders will evaluate your business credit when…

survive recession

3 Ways to Survive Recession as a Small Business

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…

5 ways to improve your cash flow thumbnail

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 (B2B) 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…