Entries by Mark Glucki

Making sure you safely store your business contracts

When you finalize your business contracts and seal them with signatures and stamps, they are legally valid documents. Unfortunately, business owners often don’t pay adequate attention to storing their contracts safely for reliable retrieval in the future. Why will you need to retrieve your contracts? It’s important to keep your contracts in a safe in […]

7 steps to create your cash flow budget

Every company is obsessed with cash. To stay afloat, companies need to ensure they have enough money available to fulfill their obligations such as paying salaries, vendors, suppliers, loans and investing back in the business. As explained in part one, a cash flow budget shows you exactly how much cash is coming in and how […]

Will I have enough cash to stay afloat?

Part 1: Cash flow budgets to strengthen your business A company’s cash flow budget is a mainstay of their financial reporting and can be used to predict and forecast cash flow requirements. If you’re not currently looking at this type of report, here’s why you need to prepare one and what it can tell you […]

10 Avoidable Mistakes That Could Doom Your Startup

90% of startups fail. It’s a new world of business, and only the strongest new companies will survive. So how do you avoid startup doom? Sometimes failure comes down to sheer bad luck or influences beyond an entrepreneur’s control, but in many cases, it can come down to the same simple mistakes that companies make […]

Should I Accept Bitcoin in My Business? (Part 2)

Cryptocurrency & Blockchain: Hype or the New Reality? (Part 2) Bitcoin and other cryptocurrencies are based on the underlying blockchain technology that comes with safety, anonymity, and a lot of confusion. Read Part 1 of this story to learn what blockchain is all about. Digital currency prices are even more temperamental than the stock market. […]

Need a Bank Loan? 16 Ways Factoring is Better

If you own or operate a company, you probably know the challenges of finding business funding. Relationships with banks are important, but sometimes bank loans don’t work out. That’s where alternative financing options like factoring, also known as accounts receivable financing, come in handy. Factoring allows you to access cash against your existing and ongoing […]