Tag: business planning

Growing Your Business in 2020 | #TheMoneyFactor

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…

How Can Accounting Receivable Financing Help Your Business?

If you’re searching for a means to increase your working capital without taking out a bank loan, borrowing from friends or family or using your credit cards, there’s no need to look any further. You can try financing your accounts receivable in Austell, GA, as a funding solution…

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…

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…

recession incoming

Online Lending During a Recession

There is a lot of discussion about online lenders and the inevitable upcoming recession. While many online lenders are willing to take risks in lending to businesses currently, these risks will be far and few between as a recession sets in. The 2008 recession saw bank…

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…

working capital management

Working Capital Loans for Small Business

82% of failed businesses cite insufficient cash flow as a cause. This means that there are periods where the business does not have enough money to cover payroll, supplies, overhead, etc. Typically, this is found in growing businesses. Expansion requires a lot of money to cover…

business deadlines

Meeting Deadlines in Business

Always consider the customer experience. Making your on-boarding process as painless as possible means greater customer satisfaction and potentially customer referrals. An important process is communicating timelines to meet your customer’s expectations. How to Meet Team Deadlines Set reasonable time frames and deadlines for your team…

computer with accounting

Should I Use Accounting Software for My Small Business?

Many small business owners have been turning to accounting software for their bookkeeping needs. Software can be used with or without an accounting department, depending on how lean your business is. Accounting software has stepped in to fulfill the need of monitoring financials and minimizing errors…