Owning a business comes with many advantages and there are many rewards that come a long your way. However, there is some financial stress involved including issues with cash flow to unexpected natural disasters that affect the business.
Debit and credit cards are usually the preferred payment method over cash and businesses nowadays are adding cashless payment options. There is a growing cashless trend that is quickly becoming the norm and small businesses have more options for going cashless than ever before.
Cash flow is likely top of mind as a small business owner because it is the lifeblood of any business. When you have a consistent flow of money into your business, you can invest in growth and pivot in times of surprise or crisis. Cash flow can be tight for many business owners, no matter what the economy looks like. Today we are discussing how to maximize cash flow so that you are better prepared to handle it.
If you are exploring financing for your business, you are most likely considering a bank loan or alternative financing option. This guide will show you the pros and cons of small business bank loans, factors and features you should consider in a small business loan, how to get a small business loan from a bank, and alternative financing options for small businesses.
Smart planning is essential to prepare your business for a natural disaster. When a natural disaster occurs, many businesses do not recover. This is why it is important to take preventative steps so that your business recovers quickly. Today we will discuss the five best steps to prepare your business for any natural disaster.
For business owners that have to wait 30 or more days for a payment from a client, it can be very frustrating to deal with. These long or late payment cycles can cause a strain in your cash flow, causing business owners to fall behind on important expenses such as inventory or payroll, or force them to pass up opportunities to take on new customers or expand somewhere else.
To run a successful small business, you need to understand and be able to properly manage your business’s finances. You do not need to be a fiancé expert to be financially literate or grow a successful business. Instead, you need a little direction and some skills to get you on the right financial foot.
Starting a business from the ground up is not easy, it requires a certain level of financial understanding and funding. Fortunately, you do not need tons of cash to get started or be successful. There are seven key money basics every entrepreneur should know for their business.
Business credit cards and corporate credit cards play an important role when it comes to making business purchases. Which one is ideal for your business? Today we are going to talk about what you need to know about business credit cards and corporate credit cards.
Business credit card funding is the easiest and fastest ways to obtain cash credit for a startup or existing business. For example, you can get up to $150,000 in unsecured credit for a business without documentation and no personal credit reporting, while building your business credit reports.