The CCC is your “cash conversion cycle” (or simply referred to as the “cash cycle”) and it tells you how many days it takes for your company to turn your inventory purchases into cash. The shorter the CCC, the more flexible your working capital, and that is every business owner and CFO’s dream. With a shorter […]
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 […]
Featuring Emily Clark, Guest Contributor Every entrepreneur’s success, big or small, begins with a brilliant idea. If worries or anxieties held back the world’s top business people, we would have missed out on incredible things like the personal computer, Facebook, the iPhone and even Harry Potter. If fear of failure has ever held you back […]
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 […]
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 […]
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 […]
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. […]
Cryptocurrencies such as Bitcoin and Ethereum have been on a wild ride in the past couple years, famously reaching sky-high growth and then plummeting without much warning. No doubt, there are skeptics of this novel currency — but there are also countless stories of rich crypto lovers and modern businesses that have taken a chance […]
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 […]
The stats seem almost unbelievable… Companies that blog receive a staggering 97% more links to their website and marketers can earn 67% more leads just by blogging. What brand wouldn’t want such an incredible boost? With a solid blog strategy and a little bit of guidance getting started in the right direction, you can blow […]
