Category: Business Advice
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…

Invoices

Why Should You Focus on Improving Cash Flow?

There are so many obstacles to growing your small business. Having enough money to launch, having the time to plan, and managing the stress that comes along with being an entrepreneur is near the top of the list. Cash flow still stands to be the most…

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…

invoice factoring atlanta ga

Advantages Small Businesses Have Over Large Corporations

Big name corporations carry prestige and often have hundreds or thousands of applicants for open job roles in their organization. With annual revenue for large companies in the millions and billions, it may seem impossible to compete with these giants. However, small businesses have several advantages…

when to send your customer to collections

Business Essentials: Collections

Do I Send My Client to Collections? The collections process for small businesses is a major resource drainer. It takes time, effort, and consistency to get paid on-time. When clients are waiting longer than a few days to pay open invoices, it will hurt your company’s…

working capital management

What is Working Capital?

Working capital is the lifeblood of small businesses. You may be making sales and growing revenue, but how does that translate into profit? This is where your working capital and ability to grow without cash flow problems can translate to profit. Having more liabilities than assets…

the importance of customer reviews

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…

graduate to bank financing

How Factoring Can Help You Graduate to Bank Financing

When you need working capital to support your small business growth, you may apply for a bank loan or line of credit. Bank financing is desirable for a number of reasons, but often, bank financing can be just out of reach for small business owners. This…

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 1

How Can You Collect Late Payments from Your Customers?

If you sell business to business on credit terms, there is a high chance you have been paid late or not at all by your customer. Late B2B payments are unfortunately common. This is because every small business that sells on credit terms will experience a…