July 6 2017
Nothing can put a bigger crimp in your business's cash flow like outstanding client invoices. According to one survey, nearly a quarter of the business owners surveyed say collecting on overdue invoices is the biggest challenge in their business. As if that wasn't bad enough, more than a third of receivables don't get paid on time. So what's a business owner to do? Here are our suggestions for handling late payments.
May 8 2017
As we all know, cash flow is the lifeblood of every business. One study found that half of all business owners have cash flow issues. A healthy cash flow strikes a balance between increasing the cash coming into the business while slowing down the money going out of the business. Here are twelve ways to boost your business's cash flow.
April 24 2017
Cash flow shortfalls: they can happen to the most well-run small businesses. An unexpected expense or repair pops up, a customer goes MIA on their invoices, or a large sale doesn't happen. Or maybe you just scored a big sale, but you need cash to purchase the equipment or help you'll need to get the product into your customer's hands. You may find yourself needing cash -- and needing it quickly. You could apply for a small business loan, but you'll need spotless credit, collateral to borrow against, and the loan could take weeks or even months to process. Invoice factoring and invoice financing are two ways you can cover the shortfall quickly, but what's the difference between the two? Here are the ways they differ and how to know which to choose.