Category Archives: Finacial Guide

Costs of Business Borrowing: Simple Interest, APR, Factor Rate & Amortization (Explained)

Emily Morgan — February 25, 2020 Unsplash.com A successful small business needs constant investments. You should invest your resources, time as well as cash to turn your startup into a prosperous company. However, not every business owner has enough financial savings to support their small venture. Thus, taking out a small business loan can be … Continue reading Costs of Business Borrowing: Simple Interest, APR, Factor Rate & Amortization (Explained)

Finance 101 for Small Biz: Debt vs Equity

Kaitlyn Hammond — February 10, 2020 Small business owners trying to grow their businesses need sufficient capital (i.e., money) to pay for inventory, marketing, equipment, and other vendor-related items. But owners must also have enough capital to pay for operational expenses like rent, utilities, and labor. And let’s not forget about the owner’s salary or … Continue reading Finance 101 for Small Biz: Debt vs Equity

3 Ways Your Small Business Can Benefit from Expert Financial Advice

Tucker Mathis — December 10, 2019 Follow @https://twitter.com/finsync Most businesses are born from a great product or service and strong leadership. Unfortunately, many fail because of poor finances. Companies that struggle with cash flow, delayed vendor or employee payments, or mismanaged bookkeeping understand the importance of a company’s financial health. Still, six out of ten … Continue reading 3 Ways Your Small Business Can Benefit from Expert Financial Advice

Year-End Financial Planning for Small Businesses

Jeanne Hardy — November 29, 2019 Follow @creativebizinc stevepb / Pixabay At the end of the year, small business owners must take on a complex balancing act with their finances to ensure that they’re well-positioned going into the new year. There are two important factors at play: first, mitigating tax liability while maintaining enough cash … Continue reading Year-End Financial Planning for Small Businesses

Uncovering Your Company’s True Value With Normalized Financial Statements

Terry Lammers — September 30, 2019 Having a professional business valuation can be eye-opening for both the buyer and the seller of a company. In some cases, a seller might have a magic number in mind of what the business is worth only to eat a big spoonful of humble pie when the true valuation … Continue reading Uncovering Your Company’s True Value With Normalized Financial Statements

Stack evolution: Cancel those credit cards and put a process in place

Through the power of a credit card, everyone in the organization has become a technology purchaser without strategy or discipline. That needs to change. Anita Brearton on September 5, 2019 Over the last five to 10 years, companies have been spending more and more on technology to acquire, engage and retain customers. Increased pressure to achieve … Continue reading Stack evolution: Cancel those credit cards and put a process in place

How to Make the Highest Interest on Your Business Savings Accounts

Jeff Rose — August 2, 2019 — August 2, 2019 It may sound old-fashioned in an age of online investing, but everybody needs to have uninvested cash – at least a little. But the problem is interest rates. They’re still at historically low levels in all the usual places, like local banks. That’s why we … Continue reading How to Make the Highest Interest on Your Business Savings Accounts

The Most Important Financial Mistakes for Millennials to Avoid

Douglas Pitassi — January 15, 2019 Follow @DouglasPitassi — January 15, 2019 Unless you have a degree in finance, chances are you entered the workforce unprepared for financial growth. As you move through life there are certain considerations you must observe, if you plan to develop a healthy financial status. Learning about the common pitfalls … Continue reading The Most Important Financial Mistakes for Millennials to Avoid