Category Archives: Finance

What A 403b Retirement Plan Offers In Terms Of Financial Options

While working in business, many companies offer retirement contribution plans. These are typically known as retirement accounts. Most commonly, you might have heard of 401k retirement accounts. However, these are only for professionals working the in private sector who may have a workplace pension. As an executive working in the public or non-for-profit sectors, a 403(b) retirement plan offer the ... Read More »

Why Invoice Factoring Is Trucking’s Smartest Business Solution

Whether you work directly with clients or with other businesses, every trucking and transportation company knows the frustration of waiting on an invoice to be paid. Some invoices can sit for up to 90 days without payment and during that time, you’re still trying to maintain smooth operations. Many industries feel this strain, but the biggest impact is on companies ... Read More »

Could Invoice Finance Save Your Business?

Invoice finance is a useful tool used by a number of businesses in the modern age. It involves selling your customer invoices to a third party (the factor) for a large percentage of its value (usually around 80%). While that might not sound attractive upfront, there are some significant upsides to consider. Once the customer has paid the accounts receivable ... Read More »

Try A Recurring Revenue Model To Generate Consistent Cash Flow

Most businesses struggle to stabilize their cash flow. Their are many accounting, managerial and strategic benefits to having consistent revenues. As you can guess, a recurring revenue model is one of the best ways to help your business finances. The shift from one-off sales to residual income could be exactly what your company needs. As a business owner, you owe ... Read More »

Dealing With Debt For Business Owners Thinking About Bankruptcy

If you are a business owner in debt, you are not alone. According to CNBC, US households have over $16,000 in credit-card debt alone because many rely on credit cards to pay for day-to-day necessities. Ignoring the bill collectors will only increase your money woes, not mention your anxiety. The sooner you face up to the situation, the sooner you ... Read More »

5 Simple Joint Accounts To Open In A Business Partnership

Joint accounts allow two or more people to own a bank account. Typically, joint accounts can be traditional bank accounts by definition, virtual bank accounts or digital bank accounts too. Most people tend to think of couples sharing an account. However, join accounts are useful in business too. If you are starting a small business with a partner, you have ... Read More »

How To Limit The Impact Of Personal Financial Problems On Business

Business owners face the unique challenge of having two financial “lives” to maintain: their personal financial lives and their business financial lives. To keep both areas moving along and growing, it is crucial to bring in steady revenue, limit expenses, and save for emergency expenses. However, since we don’t live in a perfect world, all business owners have the potential ... Read More »

5 Steps To Take When A Cash Advance Makes Sense

There comes a time in the operation of every business when cash is scarce. Both small and large businesses may end up borrowing money in some form. Whether your business is a brand new startup or a well established organization, you may get to a financial point when a cash advance is required. If you are a business owner in ... Read More »

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