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 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…
Cost Optimization
Improving your bottom line isn’t just about increasing your revenue. It’s also about reducing expenses where you can. Lowering direct costs can dramatically increase your profit on each sale while eliminating unnecessary business overhead. Let’s look at what to…
All about insurance
Many business owners are inadequately insured in the case of fire, flood, natural disaster, theft, or personal injury. Often, home-based business owners assume they’re covered under their homeowner’s policy. Other entrepreneurs, working long…
