Cash flow is the lifeblood of any business, and for small business owners, it can mean the difference between success and failure. According to a study by U.S. Bank, 82% of small businesses fail because of cash flow problems. This means that tracking and managing cash flow is absolutely essential for small business owners. Let’s …
What is the importance of cash flow to small business? Read More »
A huge challenge to small business growth is cash flow. The majority of small businesses struggle with managing their cash flow, and cash flow issues are the number one cause of small business failure. There have been some rough years for small business owners, and many businesses are still not seeing the same revenue they …
If you pay attention to economic news, you may be concerned at an impending recession. There are some signs that we will see a period of recession soon. This does not mean you should panic and lay off half of your team. Instead, there are 3 main things you should do right now to recession-proof …
I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with an online loan versus a bank loan, yet many …
This week from May 2 to May 5 is SBA National Small Business Week. The theme of the 2022 National Small Business Week is Building a Better America Through Entrepreneurship. You can visit the SBA website to sign up for the virtual summit. Entrepreneurship is difficult, and it’s important to know your business funding options …
According to the Wells Fargo Small Business Index, $10,000 is the average amount of startup capital required by a small business owner. Acquiring and managing your working capital is crucial when it comes to running a successful small business. Unfortunately, since companies need to deal with payroll, operating expenses, and all the other financial aspects …
Small Business Help: 3 Great Strategies For Working Capital Funding Read More »
Every business must be concerned with the amount of working capital it has. Working capital is used to take the proverbial pulse of your company’s finances. You’ll know that you don’t have enough when you can’t pay your current obligations with the cash you have in the bank. If that’s the case, working capital loans …
Every business has short and long-term capital needs that must be met through incoming revenues. If your business has more income than expenses, it’s profitable. However, even a profitable company can have temporary cash flow problems if it doesn’t have enough working capital. Here is how to estimate your working capital requirements.
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 factoring in the loss of productivity, time spent training, …
There are so many obstacles to growing your small business. Having enough money to launch, having the time to plan, and managing the stress that comes along with being an entrepreneur is near the top of the list. Cash flow still stands to be the most important factor is enabling or stalling your business growth. …
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