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…
One of the biggest challenges for new and growing companies is managing their working capital. Businesses with slow paying customers can struggle to build enough working capital to build assets as the company grows. One method to help with this issue is through working capital financing.…
Start-ups are a hot topic these days, with many small players having rocketed to the top of the marketplace in the past couple of decades. Here are the foundational elements you need to turn a good idea into a viable business. Foundation Elements of Starting a…
Many business owners focus on the numbers on their balance sheet without paying attention to their cash flow needs. To keep your company running and help you expand your business, you must take charge of your working capital. Otherwise, you risk financial insolvency. Want to Share…
Hiring top talent is important, especially in a competitive market that is short on skilled laborers. Equally important is retaining top talent and engaging top talent. Motivating your employees starts at the top and pervades company culture. When 1 in 3 “high potential” employees admit putting…
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…
FinTech, or technology across financial services, has turned the lending space on its head. Online lending companies within the FinTech category are growing in popularity. With this popularity comes industry disruption. But where does factoring fit in the discussion of FinTech and industry disruption? At Eagle…
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…
There is increasing speculation of an impending recession due to the trade war between America and China, Federal Reserve rates lowering, and an inverted yield curve. But what does all this mean to the common small business owner, and what preparation can foresight provide entrepreneurs? Is…
How can we predict a recession? Why am I hearing that there will be another recession soon? What can I expect from my business financing during a recession? How do I best prepare for a recession? How can we predict a recession? Well the short answer…