Cash flow in your business is very important to inspire the growth and profitability of your business. How you manage cash flow will determine your day-to-day business progress. Poor cash flow management may be detrimental to your enterprise. You may be unable to pay staff, restock supplies or even meet business expenses on time. We have researched four efficient ways to manage your cash flow better so that your business can grow and be more profitable. Escape the year-one Obstacles Most new business owners in nearly all industries identify cash flow as a leading obstacle to growth and success. Keeping […]

The hot topic of the last few months has been inflation. Inflation has been tough for everyone, including small business owners. As the rollercoaster of the pandemic has eased – shutdowns and supply chain disruptions – the newest concern has become the shocking inflation. As prices continue to fluctuate, maintaining a consistent cash flow has become increasingly difficult for business owners. The need for a way to ease the impact of ebbs and flows in costs has become top of the priority list. Many small business owners are now seeking long-term solutions to handle this inflationary period head-on. Why You […]

With proper cash flow management, you can better see what funds are coming into and out of your business. As a result, you can better organize your operations and reach greater success. There are several basic ways you can follow to start managing your money more wisely.  Cash Flow Management  This is the process of tracking how much money your business receives and gives out. With proper management, you can forecast how much money will flow to your company in the future. Besides, you can also figure out the amount necessary for covering your business needs and debt, such as […]

A referral program is a growth marketing tactic that allows businesses to apply a relatively hands-off approach to increase revenue. This program helps bring in leads, thus increasing your customer base. This article is about how you can create a referral program. Also, it tells you about a reputable provider of business funding in the U.S. Referral Program One of the growth marketing strategies, a referral program, allows you to encourage your existing customers so they’ll recommend your brand to their family and friends. This marketing tactic is also referred to as “word-of-mouth” marketing as it uses word of mouth […]

Running a successful business involves an interesting combination of risk, sacrifice and discipline. From time to time, it requires investment to see improvements. At other points, it means giving up something in the pursuit of something bigger. Above all, it demands discipline to achieve your ultimate goals.  Of course, one of the biggest risks for a business – whether a startup or an established company, is debt. Choosing to take on debt to secure much needed capital can be a smart decision, as long as you have a plan and capability to pay it back in a timely manner. However, […]

If you think payroll is always easy to predict or there’s nothing difficult about it when it comes to paychecks, you’re not right. You’d better follow the lines below to learn more about payroll and its cash flow influence.  Payroll & Cash Flow  Payroll is money that companies payout. Unlike accounts payable, it has to do with expense and liabilities accounts. In fact, payroll may represent the least volatile areas of capital outflows.  Businesses need to automatically connect payroll data into their back-office financial management systems. As for customers, they’re increasingly more often applying to payroll providers that can help […]

Cash flow is a growing concern among small businesses struggling to survive through a challenging economy. And because such times are purely dependent on proper cashflow management than profit generation, you want to try as much to improve the flow of money in your business. Below are some tips to monitor the inflow and outflow of your business:     Use Invoice Factoring Instead of Taking Out a Loan Try invoice factoring instead of seeking bank loans. Invoice financing is acquiring finances in exchange for your pending invoices. This is an excellent way to get access to the working capital […]

Anyone who has ventured into the great adventure of entrepreneurship can testify that funds can be incredibly tight, especially at the beginning stages of your business. Regardless of whether you have solid angel investors supporting you or are just bootstrapping it, you need to ensure that the management of your company’s finances are without equal.  If you have not trained yourself to carefully scrutinize expenses and have not prepared for unexpected costs, be sure that your company will not survive.  What Is Cash Flow Management? When you hear about cash flow management, what comes to mind? It’s essentially about taking […]