Tag: employees
business loans

Can You Afford to Hire More Employees?

Every small business owner loves to see their company grow. With growing sales, however, comes growing expenses. One area of your business that will need more investment is your team. It’s important to add members to your team before you get so busy that things start…

importance of working capital management

How to Improve Your Business Cash Flow

There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…

invoice factoring for staffing companies

Invoice Factoring for Staffing Companies

Staffing factoring is crucial to a staffing company’s balance sheet. Payment terms with clients mean a gap in available working capital for staffing businesses. Your employees need to be paid on time, but you are waiting for your clients to pay. Here is where invoice factoring…

graduate to bank financing

Three Tips to Protecting Your Business During COVID-19

What the heck happened over the last few weeks? One day everyone is talking about a theoretical impending recession, and the next, millions of people are losing their jobs. It’s hard not to have the REM song, “It’s the end of the world as you know…

rapid business growth

Business Essentials: Managing Rapid Business Growth

This is Part 2 of a Business Essentials Series: Part 1 Being the owner of a small business means you have some experience with rapid business growth. One day it’s business as usual, and the next it’s wondering how to fulfill a massive purchase order for a…

funding receivables

Things You Need to Start a New Business

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 foundation elements you need to turn a good idea into a viable business. Things You Need to Start a…

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…

removing a tax lien

What do you do when you fall behind on payroll taxes?

In this segment of #TheMoneyFactor, Ian Varley and Dave Olsen discuss what to do when a small business owners falls behind on 941 payroll taxes. Watch below: Falling behind on 941 payroll taxes Invoice factoring can help a small business get out of a tax lien…

motivate employees

Motivating Your Team as a Business Owner

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…

How To Finish The Year Strong! | #TheMoneyFactor EP16

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…