One key concern for anyone starting a business is how to finance the start-up. The small and the medium-sized enterprises (SME) proprietors often assume all the responsibilities from business processes, management of cash flows, sales, and marketing to human resources management. Most SME entrepreneurs face numerous market challenges, and between 70 – 80 percent of[…]
Source: Pixabay Rebilling, dunning management, failed payments. If you are a business owner, these words probably send cold chills down your spine. Apart from a potential money loss, dealing with failed payments means monitoring them regularly and sending reminders to each customer. They’re not pleasing to a customer’s ear, either. Unfortunately, dunning is an inevitable[…]
Cash flow acts as a key pointer of how financially healthy business is. There is an old saying that goes, “Cash is king.” It means that cash flow remains to be one of the most critical aspects of any enterprise. So what is Cash flow? Cash flow means the overall amount of operational cash[…]
Cash-flow is the bloodstream of a business and having a proper invoicing process helps you stay afloat. Although simple, this step is essential to maintain excellent financial indicators that could help you get a loan or get discounts from your vendors by paying your bills on time. Late cashing can translate to delays of your[…]
If you are thinking of founding the next unicorn start-up, but you lack the initial money to get your idea running, there are several ways to get up to speed, from traditional bank loans to asking family and friends for support or hoping to be noticed by an angel investor. We will discuss the pros[…]
Cash flow is the blood that drives business, and most small companies experience difficulties in this matter at some point. To understand the magnitude of the problem, 4 out of 5 companies report liquidity risk. Even the giant Tesla almost went bankrupt in 2008 and was saved at the last minute through a cash investment[…]
Small business owners don’t always give enough thought to how they would respond to an unexpected financial emergency, and when those emergencies show up, they are left scrambling for a solution. In fact, according to a U.S. Bank study, 82 percent of business failures are due to poor cash management. Don’t be one of these[…]
Starting your own business can be exciting and stressful at the same time. You’ve worked out your business plan, have designed your website and/or found a location to set up shop. Now it’s time to find out where the money is going to come from. It can be difficult to get money for your new[…]