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What is Negative Cash Flow?

One of the biggest challenges to running a company is maintaining the proper levels of capital necessary to keep operations afloat. Even the most profitable businesses can struggle early on with concerns over cash flow, or the amount of money left for your business after bills, mortgages, and other expenses. Negative cash flow occurs when […]

Business Loans for Lawyers, Law Firms and Attorneys

Table of Contents Updated March 09, 2023 An attorney is a viable career choice that is both rewarding and highly lucrative. The median annual income of an attorney is $131,990, well above the national average. In order to succeed as a lawyer, public appearance and credibility are critical. To maintain a sense of professionalism, you’ll […]

Small Business Marketing: 11 Ideas and Strategies to Market Your Small Business on a Budget

Updated June 16, 2020 As a small business, efficient marketing is critical. Most small businesses do not have comparable budgets to large corporations, despite having to compete with them for the same customers. However, by taking advantage of free marketing solutions you can drive significant demand without fronting a large cost. Below, Credibly highlights 11 […]

Cash Flow Statement: What You Need to Know

Updated June 10, 2020 One of the most important things to understand while running a small business is the concept of cash flow. After all, it is critical that businesses have enough money flowing in to keep up with expenses and fund growth. Below, we outline the fundamentals of cash flow statements as well as […]

How to Improve Profit Margins in the Construction Business

Owning and operating a construction firm requires a deep understanding of money management. After all, earning enough money to sustain your growing company isn’t as simple as stacking one brick on top of another. It’s all too easy to fall behind and fight to meet deadlines and the client expectations as costs continue to increase. […]

4 Smart Financial Habits That Will Help You Grow Your Business

Good financial habits can help you build wealth personally, but they can also give your business a boost. When you’re growth-focused, rethinking how you approach your business finances could make a huge difference in improving cash flow and profitability. As you plan your next phase of growth, consider adopting these 4 smart money habits.  1. […]

How to Create An Agile Business

Everyone has experienced a financial shock, if not in business certainly in their personal lives. An unexpected car or home repair are common examples. In business, a financial shock can come from things close to home. These might include, a sudden need to repair or replace equipment, a vendor raising their prices, damaged inventory, or […]

How to Hire a Collection Agency: 9 Questions Small Business Owners Need to Ask

When customers owe you money, trying to collect those debts by yourself can be a huge challenge. Not only is it time-consuming to track down delinquent payers, asking clients for the money you’re owed can lead to some very uncomfortable conversations. If outstanding debts are a regular source of stress in your business, you might […]

Five Metrics Any Small Business Should Pay Attention To

Sales figures, inventory tracking, customer retention, ad performance — as a small business owner there are countless metrics and statistics you’re expected to track. While each measurement serves a unique business purpose, having too many metrics can be overwhelming. To avoid “paralysis by analysis,” you need to identify which metrics are the most important to […]