Raising capital for your business
If you need a cash injection into your business, you may find internal sources of cash — or need to seek extra capital externally. Before you look outside your business, identify…
Industry Profile: Construction and Trades
Overview The construction and trade (plumbers, electricians, builders) industry tends to rely on wider economic factors for success, including the number of new housing applications; changes to zoning laws; investment by…
Managing a cash crunch
There are many reasons why small businesses experience sudden cashflow crunches. Identify the reason and solve it If you’re trying to fill your bucket with cash and it’s leaking, it makes sense…
Manage your debt and get paid on time
One of the most important rules for a successful business is to swiftly collect money that’s owed to you — it should be coming in faster than you’re paying out. This…
Lower the risk of payment fraud
Research suggests that a significant number of businesses each year are victims of payment fraud, which can be difficult to detect. There are several ways to commit payment fraud, so it’s…
Improving your credit score
Before you apply for a business loan, taking steps to improve your credit score will increase your chances of success. It’s one of the main factors lenders use to evaluate your…
Improving your cashflow
Cash is the lifeblood of your business. It enables you to pay the bills and keeps your business operational. At times, cash can run short and jeopardize the viability of any business. And it’s…
Identifying what to track to better plan ahead
Every business will have a series of signals that indicate when business conditions are changing. It could be the number of new leads in your pipeline, foot traffic, web traffic,…
Five steps to build a cash reserve
The more cash you have in reserve, the longer you can ride out a dip in sales or take advantage of an opportunity that requires cash to set up. It could be buying another business, conducting research…
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Three things you can do to protect yourself against wire fraud
You may think it could never happen to you. You know you need to shield your PIN when you use your debit card and you make sure to regularly change…
Ultimate Guide | How to manage your business’s cash flow.
As a small business owner, you’re managing cash coming in and out of your business everyday. From the smallest transaction to your monthly storefront rent payment, you need to have…
How to turn your hobby into a side hustle
Do you have a hobby outside of your regular 9-to-5 that you’re passionate about? Or do you just need some extra cash and have a skillset you can utilize? Well, the…
