Your company’s financial health is top priority, so create a cash flow budget to get immediate insights and reveal details about future success. Every entrepreneur and business professional would love to have a crystal ball to look into the future of their business. However, if you’re short on future-telling devices around the office, you still […]
Part 1 in the Cash Cycle series: Learn the basics of a “cash conversion cycle” and how you can use it to your company’s advantage. Reaching success and growth in business requires a healthy cash flow. This allows your business to be prepared for the unexpected challenges and growth opportunities that will come your way. […]
For companies to grow and thrive, they need to have adequate cash flow so they can fulfill financial 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 much is exiting […]
Exploring how to access business grants, with examples of interesting grant options in the U.S. and Canada. As a business owner, your demand for working capital can be met through multiple funding solutions. One of these routes to accessing capital is through business grants. Grants exist with local governments as well as private foundations. They […]
Part 2 in our “cash flow through uncertainty” series. Missed part one? Read “How to manage cash flow through uncertainty.” When you’re in the thick of a full-blown crisis and know what you’re up against, what can you do to come out the other side intact? What strategies can you use and what resources can […]
Part 1 in our “cash flow through uncertainty” series. The COVID-19 pandemic has proven a big test for many small and medium-sized businesses. Being able to manage cash flow during its various stages was key to many companies’ survival, but sadly, those who were not prepared did not survive. Crises can take many shapes: from […]
Businesses have been adapting swiftly into digital sales and marketing — finding new ways to drive revenue even though they might not fit into a traditional “online selling” model. If you’re in this same boat, you may be wondering what digital marketing pillars you should focus on to increase your presence and give you a […]
Invoice factoring is a type of financing available to businesses that sell to other businesses on account — invoicing clients, usually with 30, 60 or 90-day terms. For businesses who haven’t established a track record with a major lender yet, or who don’t fit traditional bank lending qualifications, invoice factoring is a way to get […]
When you’re scaling your business, invoice factoring should be part of your growth plan. Cash flow. It’s often referred to as the “lifeblood” of a business, and for good reason. While most businesses can operate for a period of time with slow sales or little-to-no profits, their days are usually numbered if cash runs out […]
If you’re looking for a bank loan, line of credit or traditional funding option (but might not even be able to qualify), there are other options. When comparing invoice factoring vs. bank loans, your business can access more cash flow, and faster. Here are 16 ways that invoice factoring can be the better option. If […]
