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
What is Cash Flow
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 Which is why it is completely senseless to still be creating invoices manually or using old and outdated software programs?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
A Realistic Timeline to How You Will Make Money
Falling into fear and doubt as you build your business is normal, but there are many things you can do to catch yourself before you fall into what I call the Well of Despair. The Well of Despair is that cold, dark, spinning place filled with fear and doubt like: "Can I really do this?" "Is this really going to work?" "I'm putting in so much effort and it feels like I'm … [Read more...] about A Realistic Timeline to How You Will Make Money
6 Tips to Increase Cash Flow of Your Retail Store
Cash flow is an on-going challenge for independent retailers, as it is for many small businesses. Sales growth remains modest at best, and credit remains largely unavailable to many independent retailers. That puts many squarely behind the eight ball. Tips to Increase Cash Flow Here are 6 tips that can help you drive more dollars to the bottom line: 1. Focus your marketing … [Read more...] about 6 Tips to Increase Cash Flow of Your Retail Store
Managing for Bottom Line Cash Flow in Retail
In the world we now live in, financial health requires a commitment to proven retail business fundamentals, a commitment to operational discipline, and a heightened attention to detail. When economic conditions were more favorable, it might have been possible to consistently generate positive cash flow without this commitment to core retail fundamentals, operational … [Read more...] about Managing for Bottom Line Cash Flow in Retail
7 Ways to Improve Your Cash Flow
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 Ways to Improve Your Cash Flow
Cash Flow: A Factor to Determine Your Financial Wealth
Below is an excerpt from the book The Maui Millionaires for Business: The Five Secrets to Get on the Millionaire Fast Track by David Finkel and Diane Kennedy on cashflow, as the first Wealth Factor: There are five Wealth Factors that cumulatively determine your real financial wealth. Let's walk through each of these five Wealth Factors in turn and see how you can use this … [Read more...] about Cash Flow: A Factor to Determine Your Financial Wealth
How Your Small Business Can Benefit from Bartering
“Barter”, we hear that word a lot these days. Do a Google-search and you’ll be deluged with websites on the subject. But what exactly is barter? Why is barter seeing a huge resurgence especially after the bad economy we've had a few years back? How can you get involved with bartering and how can your small business benefit from it? So, what is barter and why the excitement? … [Read more...] about How Your Small Business Can Benefit from Bartering
10 Ways to Manage Your Cash Flow
Cash. Most people want more. When running a small business it's particularly important to monitor how cash is coming in and how much cash is going out. This month, I'd like to take a few minutes to share some ideas on cash flow management as in how you can keep more cash in your business for a longer time. Here are 10 things you can do manage your cash flow: 1. Periodically … [Read more...] about 10 Ways to Manage Your Cash Flow
