Whether you already operate an online business from home or plan to launch a new venture this year or next, it’s vital to keep cashflow under control. This is particularly the case with the recession that’s coming due to the economic impacts of the COVID-19 pandemic. eCommerce businesses do generally cost less to set up and run than physical bricks and mortar stores since … [Read more...] about Cashflow Management Tips for Ecommerce Entrepreneurs
What is Cash Flow
Creative Cashflow: 4 Ways You Can Source That Extra Bit Of Capital You Need For Your Business
Starting a new business has never been easy. The risk of failure is high, and the amount of money needed to get it off the ground is even higher. Having said that, some 28 million businesses are born each year in the U.S., according to the Small Business Administration (SBA), each with high hopes of becoming the next best thing. So, if you have an idea for a great new … [Read more...] about Creative Cashflow: 4 Ways You Can Source That Extra Bit Of Capital You Need For Your Business
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
When You Need Additional Funds for Your Small Business
There may be times when you need additional cash to cover business expenses. Perhaps you want to make a big equipment purchase, or you need cash flow while you are waiting for some invoices to be paid. Maybe you have a big expansion planned, but you lack the funding to carry it out. There are several ways to get this money. Personal Loan This can be a great option if you … [Read more...] about When You Need Additional Funds for Your Small Business
How to Overcome Challenges Faced by Entrepreneurs
Initiating a business by yourself is no easy task. Even though the prospects of an enterprise may seem rosy when you start out but quite a number of issues arise. The effects of these issues can be classified from mild to severe depending on the ability of an owner to handle the situation. Knowing how to handle problems is a skill every entrepreneur must strive to have. How … [Read more...] about How to Overcome Challenges Faced by Entrepreneurs
How Technology Could Help You to Improve Your Budget
A budget isn’t just useful, it’s essential. Spend sensibly, and you could have more money left over at the end of each month to save for the future. Unsurprisingly, technology can help us to budget better. After all, it’s designed to make life easier. So, just how could it enable us to better manage our finances, though? Our guide explains. Mobile cash flows … [Read more...] about How Technology Could Help You to Improve Your Budget
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
Top 8 Benefits of Online Billing for Home Businesses
If you run a home business, you know that every minute counts. Which is why it is completely senseless to still be creating invoices manually or using old and outdated software programs? If this sounds like your company, then it is time to think about upgrading. The fact is, online billing software offers a number of advantages, with some even providing management tools to … [Read more...] about Top 8 Benefits of Online Billing for Home Businesses
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
