Monitoring and maintaining cash flow is an essential part of running a thriving business. Unpaid invoices and bad debts can lead to a business’s downfall. You need money to maintain operations, replenish stocks, and so on. A slight delay in cash flow can cause financial constraints and interrupt activities. The ongoing pandemic has further resulted in many cash flow hitches. Firms are struggling to stay open. And to counter these challenges, businesses have begun paying closer attention to cash flow issues by prompting their clients to pay on time.   A business is more likely to reduce bad debts by developing […]

A good credit score is a pivotal factor for businesses that want to acquire loans. Most businesses usually need additional funds to invest, thrive, and expand their reach. During such times, your credit rating may determine the lender’s decision.  What Leads To A Poor Credit Score?  A low credit score can be a result of various factors. For example, failure to cultivate your credit when the business was developing, financial struggles, or low revenue incomes. One must first learn the roots of their poor credit score to fix the issue. Lenders typically use details about your FICO ratings, which is […]

Restaurant and pub businesses have long suffered under a year-long pandemic that seems to be commencing a second wave. The business environment has revolutionized so much that failure to notice the ongoing changes is almost bottom-line threatening. Now, brands in these sectors must make a complete transition from where they seek commercial funding to how they search, attract, and serve customers. According to a July poll by UK’s Food Standards Agency, 31 percent of consumers admitted they wouldn’t eat at a restaurant “for the foreseeable future.” That result marks a significant increase from June’s 25 percent.  Consumers are gradually switching […]

What do you do when investments take the wrong turn and irrecoverable loans threaten to ruin your financial bottom line? Most people hardly think of tax relief, yet this is one of the best ways to recoup from such financial problems. COVID-19, for instance, has presented unprecedented financial challenges to businesses. Even the different relief programs and alternative sources haven’t held the fort for business owners who weren’t prepared for a sudden economic recession. If a business winds up in a catch-22 where it has to permanently reconsider its size and type of dealings – or quit the business altogether–many […]

Government loan programs are fizzling out, yet the holiday season is a stone-throw away. How do you plan to meet the financial needs of your business at a time when nothing matters more than preparing adequately for the oncoming shopping spree? For many businesses, traditional loans are a no-go-zone because of failure to meet specific criteria. Plus, banks aren’t as willing to supply loans as before, given the pandemic’s uncertain nature and current economic status. And when your business is short of finances, you cannot achieve essential holiday season duties like; Refill or diversify your stock of goods for festive […]