Experts believe that managing working capital and maintaining cash flow is the key to surviving as a small business. This can be a challenge, especially in the early years. Many businesses therefore, must rely on alternative financing resources to survive. The early years in business can be tough in in the best of times. Most […]
Are you in need of a Business Makeover… Financial management is the heartbeat of every business. Money comes in and goes out so it’s critical to ensure you’re following the right path to maintain a positive cash flow. As most businesses grow, their customer base the supply chain becomes more complex. Attending to the books and […]
The greatest challenge an entrepreneur or start up faces is raising capital to finance the new venture. Business plan in place, financing is the next step. A traditional business loan requires specific criteria, and most new businesses will not qualify. A traditional bank loan requires the business owner to have good credit and usually 2-3 […]
We run into obstacles in our daily lives and have to find ways to get by them and accomplish our end goal. Businesses frequently hit obstacles that get in the way of keeping the business on track for success. Start-ups have more obstacles when working to get their business going, but established businesses hit obstacles […]
Business owners trying to obtain working capital to finance their business operations usually apply for a small business loan or line of credit. But if they can’t get approved there are also some alternative finance options to help their company get a quick infusion of cash. One form of small business finance is invoice factoring […]
Taken from the U.S. Department of Labor https://www.dol.gov On September 2, 2019, the U.S. Department of Labor celebrates and honors the greatest worker in the world – the American worker. Labor Day 2019 is the 125th anniversary of Labor Day being celebrated as a national holiday. Labor Day: What it Means Labor Day, the first […]
According to the Small Business Administration (SBA), 50% of all small and medium-sized businesses fail within their first four years and nearly 96% dissolve by the tenth year. And the most common reason for the high failure rate is poor cash flow management. Cash flow is the lifeblood of any business. Buy supplies, paying employees, […]
Business owners have never had more options for lending than now. There are all the traditional avenues, SBA loans, community bank lending, equipment leases, factoring and asset based lending. Now there is also a multitude of Online business lending companies. Online lenders have mastered the art of being fast and easy! Business owners are promised […]
When to Consider Invoice Factoring Small business owners have many challenges. One of these challenges is finding the right sources of capital to fund their business. It is crucial when running a business to know where you stand financially at all times. All too often company finances are overlooked until it is too late. Don’t […]
