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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Applying for an SBA loan can be daunting. Just make sure your business is ready by going over the documentation required. Here are five tips that can help you know when you’re ready to apply for one of these favorable...
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Every business, no matter how abstract, will require some sort of physical equipment. As a business grows, this need becomes more urgent—bringing up the question of financing. When to Consider Equipment Financing A young business may not have the cash...
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Keeping cash flow steady helps your business stay afloat. Turning sales into cash receipts provides funds to pay employees, suppliers and expenses. If you’ve recently started your business, finding the balance between cash receipts and cash outlays can be challenging....
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It can be hard to manage your time, especially if you have a busy schedule or lots of distractions. But sometimes, you need to make the effort to really focus and manage your time so you can be productive. These...
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