The corporate structure of your business is like the foundation of a house. For your business to be stable, its structure needs to align with your goals and values.  And the structure helps define how the rest of your ‘house’...
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Accounts receivable financing, also called invoice financing, allows you to solve business cash flow problems by getting an affordable “loan,” or advance, against outstanding invoices. Using receivables as collateral, you could receive 80 percent or more of the invoiced value,...
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Forming a business partnership can open up new doors for your company. Two small businesses or large companies may complement each other and become stronger in the process. If you are a business owner shopping for business partners, consider the...
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Ask financial experts about debt consolidation and you might get a mixed bag of answers. Some will say it is a good way to pay off a blend of unsecured debts with a single, monthly payment. Others will say that...
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Unsecured lines of credit can be some of the most useful business tools in existence for cash flow management. Unsecured lines of credit can insulate you against unexpected costs, late payments from customers, and even higher than usual payroll requirements....
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A 2018 article from Entrepreneur opened with a very startling statistic: “8 out of 10 businesses fail within the first few years of starting up…” Naturally, the causes for an 80% failure rate vary widely and can include inadequate market...
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If you are looking into lower than expected profits, start with your tracking and financial statements. Whether or not your business uses the 3 statement model for accounting (i.e., a linked income statement, balance sheet and cash flow statement), you...
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Today, marketing, sales and overall business success are centered around relationships. Your company’s entire relationship history with each customer (even before they become a customer) is crucial to making a sale and winning customer loyalty. Future customers or clients research...
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Your business plan is your entrepreneurial roadmap to success. This outlines the purpose of your business, it’s mission statement, and all of the components that will go into making your company a success. Creating the best possible outline gives you...
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Work work work! That’s what much of our culture strongly encourages us to do. Constantly striving for efficiency, making new goals and hitting them is always seen as good, while slacking off and living a life of leisure is often...
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