Invoicing is a vital part of running any successful business, but it’s especially true for smaller businesses that have limited sources of cash flow. Invoicing allows you to track payments that are owed to you when they should be paid by and create a document trail in the case of a client defaulting on their payment. If utilized properly, it also serves as a further point to make a good impression with the client. So what should you account for when creating invoices for your small business? What to Consider When Invoicing Before creating an invoice, you should have made […]

Having a healthy cash flow is imperative to successful business operations, but sometimes there are normal fluctuations that limit the consistency of that cash flow. Businesses that deal in particular industries, such as consulting, realty and contract work can experience the ups and downs of seasonal work or be stuck for revenue while waiting for clients to settle their bills with you.  Consistent cash flow can also be an issue for start-up companies that are still establishing a clientele and diversifying their services to stabilize revenue. Even if the company has a million-dollar idea and is making money on paper, […]

Life happens, and sometimes you need emergency funding to tackle obstacles that may fall on your plate. The best option is to have money saved up for these rainy days, but that isn’t always possible. A situation where a machine that’s imperative to your business needs to be repaired or replaced can set you back hundreds, if not thousands, of dollars.  If your back is against the wall and you need emergency money fast, a merchant cash advance might be an option to look into. However, there are some important conditions to consider before opting for one. What Is a […]

Not many business dreams actualize into brands or companies. Why? Because it is not easy to kick off and expand. Everything is no longer in the mind, you have to take action, and all decisions impact your venture’s future. Every day is business, and your mind is full of ideas to implement, problems to solve, targets to meet and every other thing that could impact your bottom line either positively or negatively. But launching a startup is the sizzle, not the steak, growth is a bigger worry because it is a never-ending process. For your business is to move forward, […]

Small and medium business owners love merchant cash advances because of their fast and hassle-free disbursement. However, this is one of the cases of a deal too good; which is why you should think twice before you use this form of financing. MCAs are said to have triple-digit APRs or annual percentage rates that makes their total cost quite expensive.  These steep rates paired with their per-day settlement pattern are a recipe for cash-flow crisis. The worst MCA plans lead merchants into an endless debt cycle where the debt is literally unmanageable and they have no option but to refinance […]

With millennials so hooked on tech, the internet, and eCommerce, it is almost impossible to imagine that the looming shortage in the number of cybersecurity experts will get worse. Different statistics warn of a talent shortage in the sector. For instance, a 2017 study by Cybersecurity Ventures approximated over 3 million unoccupied cybersafety job vacancies by 2021. Recruiters are on the look for young employees with cybersecurity skills to serve in different departments, and the shortage is affecting the payment and finance sector the most. The online payments industry particularly relies on cybersecurity because both businesses and customers are at […]

SME financing is an excellent way to deal with unanticipated business expenses or fund a project that will expand your bottom line. But funding alternatives are different in features, terms, and costs, and some options may suit your requirements better than others. An MCA, for instance, is a form of financing built to offer funding to a micro-business. Merchant cash advances are, in most cases, easy to win than conventional business loans, but they work differently than the latter. They are not even controlled by the same rules that regulate business loans. Even worse, there exist no rules governing the […]