Our top blogs for business growth from 2022 will set you or your client on the path to success in the year ahead.
From cash flow management tips and learning how to determine a company’s cash conversion cycle, to the benefits of invoice factoring, the overarching theme that these blogs shared was preparation.
So kick off 2023 with a solid funding toolkit and a clear plan for whatever the future may hold for you or your clients with these top articles of the year!
Create your cash flow budget
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. Creating a cash flow budget shows you exactly how much cash is coming in and how much is exiting your business accounts.
How to determine your company’s “cash conversion cycle”
As a business owner, you want to make sure you have the money you need when you need it, and the very last thing you want to experience is cash flow issues that restrict business operations. Understanding your cash conversion cycle (CCC) is key to ensuring you’re on top of your company’s working capital. Learn the basics of a “cash conversion cycle” and how you can use it to your company’s advantage.
Reduce business debt and increase your available working capital
Growing businesses need to have ample access to working capital, but carrying debt is a problem that holds many companies back. Don’t let your business debt hold you back from achieving your goals. Use these top tips to get back into good financial standings.
Choose the right invoice factoring partner
When your business is poised for a major growth opportunity or you’re about to make a significant operating decision, your cash flow is vital. If you’ve decided that invoice factoring is the solution for your cash flow needs, here are the first 4 things you should consider when choosing a factoring partner.
How can invoice factoring companies help fund business growth?
Running a business is stressful. Funding your business growth shouldn’t be. Working with an invoice factoring company could help you unlock the power of your outstanding accounts receivables, so you can focus on growing better and stronger.
Recession-proof your business and thrive during challenging times
Ensuring your business is prepared for recession takes a multi-pronged approach – focused on your network, your cash flow and some strategic thinking. Here are ways to guard your company against the coming challenges: