The last 5 years have brought a 20% annual growth for the merchant cash advance (MCA) industry. Some companies go for merchant cash advances, while others choose invoice factoring. This article will draw a parallel between these 2 types of business financing. So, let’s go. Merchant Cash Advances A merchant cash advance (MCA) is also called a business cash advance. This is an alternative business financing option that’s not a loan. With an MCA, you get a lump sum of money in exchange for a certain amount of the future credit card sales of your business. You must pay back […]

Running a business is stressful, and this is something all business owners face. So, the sooner you learn how to deal with stress and anxiety, the better. Let’s see how you can do it. Running a Business Isn’t Without Stress Owning a business can’t be without stress and anxiety. This is quite normal. In fact, anxiety represents one of the most common mental health-related conditions for business owners. If left in ignorance, anxiety in leadership can harm not only productivity but also the bottom-line revenues of your company. Stress management is of immense importance. However, having access to the right […]

As a small business, setting goals is always beneficial. Have a detailed strategy that outlines milestones and ways in which you’ll measure performance and progress. From improving marketing reach, cutting expenses or getting your business organized, these tips will help you triumph in all your small business goals. Know What Your Strategy Is Before Setting Your Small Business Goals While planning your small business goals for the year, it is key to keep the big picture in mind. This will help keep you strategically focused and on track with your goals. According to London Business School professor Elsbeth Johnson, important […]

Getting clients to pay their invoices on time is one of the great banes of every business owner’s existence.  Your clients’ prompt payment ensures that you don’t experience an interruption to your business’s cash flow. Without it you are forced into a state of limbo, unable to purchase more equipment, hire someone if necessary, or simply be paid for the work you do. So how can you ensure that your clients will be more willing and able to pay you on time? Check out these 10 strategies: Invoice quickly. As soon as the service is rendered, send the invoice to […]

Bookkeeping may have not been at the top of your list of reasons as to why you became a small business owner. Perhaps you hated your accounting class in college, or you really never thought of yourself as a “math person”. Regardless of the reason, bookkeeping is a crucial skill that needs to be learned in order to succeed as a business owner. So, What is Bookkeeping? Bookkeeping is the process of recording and organizing a business’s financial transactions. These transactions can include purchases, sales, receipts, and payments made by an individual person or organization/corporation. Bookkeeping is the number one […]

When we think of office space, we think of our place of work, but sometimes the office can be an obstacle for work. That may seem strange to think about at first but give it further thought.  Do you deal with stress from traffic commuting to and from your office? Once at your office are you finding distractions from co-workers, phones ringing or the AC being too cold? Do you feel like there always seems to be something that isn’t your work that’s taking your attention?  Recent data shows that remote work has drastically grown to 159% in the last […]

As a rule, scammers target smaller businesses instead of larger ones. Small businesses don’t have as many resources to fight fraud as big ones. This article is about the common scams that you, as a small business owner, should avoid. Also, it’s about a reliable and cheap small business loan you need to grow your company. Small Business Loan & Scams Scammers are getting more and more sophisticated day by day. They’re getting better at finding ways to hack businesses. Theft, financial statement fraud, and misuse of assets… Let’s go through the common types of small business scams you should […]

There comes a time in a businesses’ life cycle when it experiences a successful launch, which is soon followed by success and growth. Although reaching this point is incredibly exciting and has proven the viability of the business, a new set of obstacles and challenges must be met head on. At this stage of growth, the small business owner begins to get pulled in a myriad of directions: managing an increasing level of revenue, attending to customers, dealing with the competition, and accommodating an expanding workforce, just to name a few. As your business continues to grow and develop, so […]