What Does the Stimulus Bill Mean
Though this is a difficult time for small business owners, there are several bright spots on the horizon that could affect your business in a big way. One of those is the stimulus bill, also known as the CARES Act, that was passed through Congress last month and signed into law on March 27. While not […]
How to Avoid Small Business Loan Scams
From charity and phishing scams to pandemic debt settlement scams, business loan fraud issues are at their worst ever today, and scammers continue to find innovative ways to prey on the unwary. Many firms rely on business loans, yet business lending is also plagued with scams. Fraudsters operate both within and outside the United States, […]
How to Manage Finances in Business
A business owner’s to-do list is never-ending! You may be an expert at building and marketing your products or services, but you may not have the experience to master your business’ finances. When you’re caught up in the daily grind, it’s tempting to avoid the burden and confusion of financial decisions until the very last […]
Business Debt Consolidation
During their inception, small businesses need all the help they can get to expand their operations, pursue a new opportunity, or acquire assets. Thus, it’s not surprising that small businesses apply for funding to get their hands on enough working capital to grow. Unfortunately, approximately 70% of small businesses also have outstanding debt. With owners […]
10 Financial Planning Strategies for Small Businesses
Starting and growing your own business from the ground up is challenging but incredibly fulfilling. There is no clear start or end line and no clear set path. Each entrepreneur needs to find their own way to attain their goals. However, it’s not always a smooth ride. Running a small business invariably brings along ups […]
What is Invoice Factoring: How it Works & Benefits
Invoice factoring, especially for small businesses, has grown to become one of the chosen methods of acquiring much-needed finances. With a market size of nearly $1946.5 billion in the year 2021 alone, the industry is set to grow at a compounded annual rate of 9.4% over the next decade. So, what is invoice factoring? What makes […]
What is a Good Credit score: Tips for Improvement
Business credit scores are some of the most important benchmarks financiers look at before offering lines of credit to businesses. So what is a good business credit score, and what contributes to its calculation? Business credit scores are determined based on business longevity, payment history, and the amounts owed to financial institutions. Lenders often look […]
Budgeting & Finance Forecasting for Your Small Business
You can boost your business’s chances of success by expanding your operations, purchasing new software, purchasing goods, or hiring more employees. They do, however, necessitate capital. Budgeting and forecasting capital are the two most beneficial strategies for establishing long-term, successful business plans. There are several significant distinctions between budgeting and financial forecasting that entrepreneurs must […]
10 Causes Why Businesses Fail: How Invoice Factoring Helps
Every entrepreneur knows that investing in any business has its risks. However, success lies in your choices as a small business owner. Therefore, before starting a new venture, it always pays to ask why businesses fail. Whether you are a seasoned business owner or a new entrepreneur, these numbers are daunting. In addition, you may […]
Small Business Cash Flow Management: 5 Useful Strategies
“Never take your eyes off the cash flow because it’s the lifeblood of business.” – Richard Branson. Cash flow management is an integral part of running a successful business. It’s a practice that is meant for not only large corporations but also small business owners to benefit greatly from an efficient cash flow plan. An “Intuit […]
