Cash flow is the number one cause of small business failure. Cash flow has been hurting across the board, and small business owners are feeling the pain. Most small businesses are reopen again in some capacity, but most businesses are also preparing for another shutdown due…
Many folks have their hopes resting in a vaccine in order for life to return to normal. Unfortunately, the situation is a bit more complicated than that. Even with a vaccine, small businesses have been closing left and right. Many small business owners don’t know how…
There is something so exciting about flying. That humans can be flown thousands of miles in a metal tube over the course of mere hours is amazing. Along with this excitement comes fear. It doesn’t feel natural to be high up in the air. Each jostle…
Cash flow issues affect nearly every small business. To address them, there are numerous small business tools that allow for the influx of capital to cover the cash crunch, but don’t saddle the business with debt. One such tool is factoring. Within factoring, there are Recourse…
If you have ever been to a fair or carnival then you know how horrifying the experience can be. Across the pond and many years ago, I decided to take the family to a fair. There’s something so heart-racing about the fair, and I suspect it’s…
In 2004, I took a camping trip with the family. We packed our supplies and headed to Lake Casitas. I had the brilliant idea of fishing with my 8-year-old son and catching a fish to cook for our dinner. I stood shoulder to shoulder with my…
This week over 80 years ago, Frank Sinatra cut his first single as a vocalist in the Harry James Band. It flopped. Big time. The song sold only 8,000 copies, but Sinatra continued in his music career and has now sold over 150 million records worldwide.…
In the summer of 2008, my wife and I packed up the two kids, the dog, and two cats in the RV to move across country from California to Georgia. We were no strangers to moves. We moved across continents and country just years before, but…
You may remember the covenants you signed up for along with your bank loan or line of credit. They are the guidelines or what you do or don’t do in order to maintain good status on your loan, and they are created based on the financials…
Whether you have closed your business temporarily during the COVID-19 shutdown or whether you have still been operating at a reduced capacity, you have to plan to restart your business after COVID-19. Financing and managing your receivables will be key components of your plan to resume…