Getting a handle on your cash flow doesn’t have to be difficult. That said, it is arguably the most important factor in keeping your business afloat, as well as when qualifying for financing. According to the Small Business Administration (SBA), 20 percent of small businesses fail within their first year, and as many as 50 […]
By Rob Starr Small businesses that deal in cash like food trucks and salons need to protect themselves against errors involving cash and theft. Here are 20 cash handling best practices your business should follow so everything runs smoothly. Cash Handling Best Practices Eliminate Slush Funds Cashiers in small retail stores are often expected to make up for shortages from their […]
Does a cash-only business still make sense in the 21st century? Here are three surprising advantages of only accepting cash—and three major disadvantages.
28% percent of small business owners are victims of fraud each year. If you want to avoid being part of this statistic, read on.
It only takes a few small changes to make a big difference in your financial picture. Here are some simple ways to ramp up your cash flow.
Invoice factoring allows business owners to get advance cash on their invoices before they’re paid. It’s great for cash flow, but be aware of the drawbacks.
Financing Commercial real estate can be a very wise investment in many cases. But why — and how — should your small business buy a building instead of renting one?
A business can go under even though it’s profitable. To understand why, you need to know the difference between net profit and cash profit.
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