Angela Hausman, PhD November 4, 2020 People often say that cash is king when it comes to the management of any business, and it is true. More businesses fail due to poor cash flow than any other reason. Don’t just go by my word. A US bank study estimates that 82% of small businesses fail … Continue reading 3 Simple Ways to Improve Cash Flow to Support Your Business
Praveen Mishra July 23, 2020 Cash Runway is the amount of time up to which a business can operate at a loss before running out of cash. If your business is burning through $ 15,000 a month and you have $ 75,000 in the bank, you have five months before you’re in serious trouble. Here … Continue reading 3 Ways to Build the Cash Runway of Your Business!
Erika Giles July 6, 2020 Cash flow is something every startup and small business should prioritize. Business owners need to be proactive about their finances regardless of what the market is like. Depending on how you manage cash flow, you can either grow your business or cause it to fall. There are simple ways to … Continue reading 10 Cash Flow Management Tips Every Startup Leader Needs to Drive Growth
Elaine Stone June 27, 2020 If your brick-and-mortar store is closed or you can’t make your product because your supply chain has collapsed, or you can’t fulfill customer orders, your incoming cash plummets, you could be in a state of negative cash flow during COVID-19. That means you have more cash leaving your business—whether that’s … Continue reading 3 Tips for Managing Your Cash Flow During COVID-19
Peter Daisyme — February 20, 2020 One of the most fundamental principles for a business’s success is also one of the most neglected—especially by new entrepreneurs who are often distracted from being focused on big-picture finances. Cash flow, or the measure of the amount of money being transferred in and out of your business, can … Continue reading Everything You Need to Know About Cash Flow
Steven Imke — February 2, 2020 There are many financial statements used by businesses but the three most common are Balance Sheets, Income Statements and Cash Flow Statements. What makes them the most common is that they are often produced by a company’s accounting software and look at what happened in the past. I refer … Continue reading 3 Key Financial Statements- Balance Sheets, Income Statements and Cash Flow Statements
Choncé Maddox — July 22, 2019 — July 22, 2019 Nothing is worse the uncertainty that comes with knowing that your cash flow is low when you still have a while until another payment comes in. When running a business, you have so many things to manage. When cash flow runs low, it puts you … Continue reading How to Manage Cash Flow When You’re In Between Payments
Tucker Mathis — May 30, 2019 Follow @https://twitter.com/finsync — May 30, 2019 From tightening payment terms to making it easier for customers to pay you, follow these five simple steps to speed up payment and protect your positive cash flow. Cash flow is the lifeblood of any small business, as you no doubt are well … Continue reading 5 Simple Steps to Get Paid Faster and Improve Cash Flow
Choncé Maddox — May 2, 2019 — May 2, 2019 Starting your own business can be quite a financial commitment. Most entrepreneurs decide to take out a loan or line of credit to help cover their initial start-up costs. You can also consider invoice financing as well where you can borrow against outstanding invoices that … Continue reading How to Cash Flow Your Business Startup
Kara Perez — January 21, 2019 — January 21, 2019 Deedster / Pixabay One of the biggest problems faced by small businesses is consistent cash flow. A US Bank study found that cash flow problems account for why 82% of small businesses fail! It’s understandable; many people who start businesses do so because they have … Continue reading How to Avoid a Cash Flow Crunch in Your Business
