Only 50% of small businesses survive past their fifth year. This statistic should not discourage entrepreneurs from starting their own business, however. Business failure is not wholly representative of a bad product, a bad market, or a bad business plan. Instead, it comes down to cash…
According to a report by The Hackett Group, larger firms take longer to pay their invoices. This ability, due to the size and power of these companies, improves their cash flow by having longer and longer payment agreements with suppliers. By waiting to pay suppliers, sometimes…
I’ve been in the industry for almost 30 years like my guest, Kris. I can honestly say we’ve been through a lot of recessions before, but I don’t think either of us have ever experienced an overnight shutdown of the economy quite like this one. I…
Three top tips for choosing the right factoring company for your business that’s what we’re talking about today on The Money Factor. Hi I’m Ian Varley, CEO of Eagle Business Credit. Welcome to #TheMoneyFactor where we talk about business issues, and we get your money questions…
In this episode of #TheMoneyFactor, CEO Ian Varley discusses how to prepare to grow your small business in 2021. Watch the video or read the transcript below. Obviously 2020 has been a very difficult year for many companies and the uncertainty that the pandemic has caused…
CEO Ian Varley discusses how to build your business credit score in this episode of #TheMoneyFactor. Want to Share This?
Assess how the business performed in 2019 Prepare an updated business plan for 2020 Involve your staff in setting goals for the year Prepare a simple financial forecast, to include estimated revenue Make sure you have enough money to do what you need to do Review…
Q.1 What are the major indicators I should see before thinking about expanding? – Growing your business is a challenge. And a lot of people find that if they don’t get things right, they can fall flat on their faces. We see it, unfortunately, all too…
What can I do to ensure my business finishes the year the strongest it can? – Everybody’s looking at where they are. We’re past the first half of the year getting ready for a strong close. Look at what you’re doing well. Focus on that first…
How do you find the right people for your organization? That’s what we’re talking about on this Episode of The Money Factor. My business is growing and I need to employ more people. How can I find talent without paying a recruiter? – Great question and…