Streamline Your Small Business Finances Are you starting a new business and are not sure how to get your company finances in order? Do you own an established business and need to streamline your processes? Knowing what changes to make and using the right technology can make all the difference when keeping track of your small business’ information. As a small business owner, your time is limited. Paying attention to the following details and utilizing the tools below will help you significantly streamline your money habits, so you can focus on your business goals more and your bank statements less. […]

Who said running a business is easy? Knowing how to properly reduce debt is one of the challenges for business owners. Below, you can find helpful tips to avoid cash flow issues as much as possible. So, let’s start. How to Successfully Reduce Business Debt Very often, entrepreneurs are faced with the challenge of managing business finances. When bound to deal with some ups and downs concerning your cash flow, use the below-mentioned tips to overcome the obstacles easily: Set clear goals. Build a plan, taking into account your budget. Start by analyzing your budget. See whether you’re making some […]

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 […]

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 […]

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 […]

Apart from the daily operations of a business, small business owners must also contend with keeping important documents accessible at a moment’s notice. From taxes to financials and critical customer information, these documents must be easily pulled for reference. Although using a cloud storage system may be all your business needs for easy access, having hard copies are sometimes necessary. In most states, for example, it’s a legal requirement for a limited liability company (LLC) to have a copy of its operating agreement in its “primary place of business”. Business licenses and permits should also be available in hard copy […]

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 […]

If you are in urgent need of commercial financing to keep your small or medium business on its feet, you should choose from the many flexible alternative types of financing to help address your specific needs. A merchant cash advance is one such innovative way to acquire funding. The product hasn’t been around for too long— at least not as long as loans and credit lines, but savvy merchants are already making the most of it. Cash advances are comparatively easy to acquire; they offer hassle-free settlement terms and can help you bridge the gaps left by other forms of […]

One vibe the small business industry is getting from the race to 2020’s Presidency is that no one cares about them. Not a handful of the many names from the Democratic field have majored in entrepreneurship and small businesses. It is dreadful that core issues like the status of the economy and the small business industry, are far behind matters like gun regulation, social justice, immigration, climate change, healthcare, and foreign affairs. Only a few candidates are mentioning micro-business loans, despite the fact that access to merchant funding is central for the growth of small to mid-sized companies. Surprisingly, the […]