Does your business often deal with cash flow issues due to pending invoices? Issues with cash flow can be a major inconvenience and if you don’t deal with it ASAP, it can potentially ruin your business. If you need cash in a pinch and you have a number of unpaid invoices, you might want to check out invoice financing. What is Invoice Financing? It can be stressful to … [Read more...] about 5 Key Benefits of Invoice Financing for Your Small Business
Cash Flow
Whether you are running a multi-billion dollar empire, an online storefront, or a tiny mom-and-pop convenience store on the street corner, cash is the lifeblood of the business. Cash flow management is an important task for any entrepreneur.
Cash flow management entails getting paid by customers sooner, paying bills at the last possible moment, concentrating money in a single bank account, managing accounts payable, accounts receivable and inventory more effectively, and squeezing every penny out of your daily business.
Learn how to manage your cash flow effectively. Read our articles, tips, and resources on handling and managing your cash more effectively.
7 Techniques to Improve Cashflow
Small business owners don’t need to hope for miracles to solve their cash flow problems, according to accountant Caroline Jordan, a business coach and author of the paperback book, Stop the Cash Flow Roller Coaster, I Want to Get Off! “Small business owners have more control over their cash flow than they realize,” says Jordan. Based on financial rescue missions and cash … [Read more...] about 7 Techniques to Improve Cashflow
Why Small Business Invoicing Is Still Important For Home Businesses
Invoice is essential for any business. It’s the document you send to your customers to inform them about the details of the payment for the services and products they’ve availed from you. Invoices also help keep a record of payments or offering credit terms to customers. The document includes details such as invoice number, descriptions of early payment incentives and late … [Read more...] about Why Small Business Invoicing Is Still Important For Home Businesses
6 Ways to Improve Your Cash Flow Today
As a business owner, waiting to get paid can be nerve-wracking. Piles of outstanding invoices take a toll on your monthly balance sheet. In fact, a recent U.S. Bank study estimated that small business owners have an average of $84,000 worth of outstanding invoices each. Don't join this group and risk closing your doors. Follow these six ways to improve your cash flow … [Read more...] about 6 Ways to Improve Your Cash Flow Today
How to Take the Headache out of Customer Payments
When you’re busy running a small business, there never seems to be enough hours in the day. From handling customer service, sales, and marketing tasks, to taking care of paperwork, leading a team, and more, there are plenty of things that can cause stress for entrepreneurs day in and day out. However, one area of business that can really be a headache, particularly if it … [Read more...] about How to Take the Headache out of Customer Payments