News and information related to Small businesses and their owners.
Cash flow management mistakes can throttle business growth. They’re also incredibly easy to make and can go undetected until serious issues arise. They’re one of the reasons why 90 percent of small businesses sought emergency funding during the pandemic, per the Federal Reserve Banks Small…
You’ve created a product or service that your target audience appreciates, developed a brand, and finetuned your processes. You’re profitable and doing well, but your small business isn’t growing. What gives? Developing effective business growth strategies is a serious challenge. Just one in five manage…
It’s common for companies in the B2B sector to offer Net 30 and Net 60 invoice terms, but they don’t always serve businesses well. If your company sometimes struggles to cover expenses or make purchases while you wait weeks or months for payment, you probably…
“Give me six hours to chop down a tree and I will spend the first four sharpening the ax,” Abraham Lincoln reportedly said. While the source of the quote is debatable, the wisdom is not. As a small-business owner, your peak season is an opportunity…
“Beware of the half-truth,” as the saying goes. “You may have gotten hold of the wrong half.” While the quote is certainly appropriate in many situations, it hits home a common issue experienced by small businesses looking for business funding. Many “facts” you read are…
As a small-business owner, you’re probably keenly aware of the cash conversion cycle (CCC), even if it’s not something you’re intentionally measuring or monitoring. It’s a measure of business health and, when you’re nailing it, you’ve generally got solid cash flows and plenty of money…
When was the last time you had a really great customer service experience with a company? The type that leaves you smiling and excited to return? It’s been a while, hasn’t it? While most business owners understand that excellent customer service is the lifeblood of…
Whether you’re struggling with accounts receivable process issues or simply want to improve the financial health of your business, you have lots of options to get things on track. On this page, we’ll dig into a few proven receivable management strategies that will help you…
Invoice factoring or accounts receivable financing is often leveraged by small businesses as a way to get the working capital necessary for expansion. However, if you haven’t heard of the concept before, you’re missing out on all the benefits a factoring company can offer. Below,…
Creating consistent cash flow as a carrier in the trucking industry is a complex and often challenging task. As an experienced trucker, you’re familiar with the routine: you complete a job by moving a load, then immediately have expenses such as fuel, vehicle maintenance, insurance,…
