Unsurprisingly, businesses success is centered around its finances. In fact, amongst the 28.8 million small businesses in the U.S., issues related to cash flow are the main reason that 82% of them fail, according to a U.S. bank study. Initial startup capital required for a small…
If you are considering starting a small business, you have likely weighed the advantages against the risks. However, if you are a first-time business owner, you might not know all the nuances involved with a venture like this. Below is a list of some tips to…
Funding exports and accounts receivable is an essential aspect that all small business owners need to be aware of. Invoice factoring is a type of accounts receivable financing that converts outstanding invoices within 90 days into immediate cash for an organization to use on other essential…
According to the Wells Fargo Small Business Index, $10,000 is the average amount of startup capital required by a small business owner. Acquiring and managing your working capital is crucial when it comes to running a successful small business. Unfortunately, since companies need to deal with…
Every business needs an efficient system for billing and payment. But this is often easier said than done. Why is that? It comes down to the concept of cash flow. In fact, the results of a U.S. Bank study conclude that cash flow problems are the…
Invoice Factoring Services for a Startup Business As 2019 is officially underway, it’s time for entrepreneurs to start making moves toward running successful businesses of their own. Hopefully, you have already developed a strong business plan, have purchased a building to run your business out of,…
The Federal Open Market Committee has raised the federal funds rate three times throughout this year so far, with possibly another one to come in December, and expects to increase rates at least three times more next year. Why is the Fed Funds Rate Increasing? The…
On Monday, October 15th, Sears filed for Chapter 11 bankruptcy protection. Although the retail giant has been hemorrhaging for years, this will impact many businesses and over 100,000 creditors which Sears owes over $10 billion. Unsecured creditors will most likely receive pennies on the dollar or nothing…
Congratulations on starting your very own small business! What an exciting time. Unfortunately, there are all sorts of things that can go wrong during the first year and the first few months can be really hard. In order to succeed from the outset, as well as…
Starting and establishing a business and a client base is no small feat, but keeping it running while you wait for said clients to pay their bills is a challenge in and of itself; you’ve got employees to pay, products to make, and services to offer,…