If you are an aspiring entrepreneur with bad credit, traditional business loans may not be available to you. This is unfortunate. However, it is not the final nail in the coffin of your dreams of owning a business. Thankfully, there are private business lenders that could provide you the private loans you need to start your own business, whether that ... Read More »
Invoice factoring services give businesses money for their outstanding invoices. This can be a helpful tool for business owners who find cash flow management to be the most difficult aspect of their work. This is a tactic frequently employed by some of the most successes trucking industry businesses. If you want to experience similar advantages for your freight business and ... Read More »
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 »
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 »
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 »
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 »
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 »
The hot topic in business right now is the idea of universal basic income. This is thanks to Facebook founder and CEO, Mark Zuckerberg, who promoted the idea of a basic income on his personal Facebook page. It is also a popular idea due to the rise in business automation. However, the idea gets some backlash from conservative business owners. ... Read More »
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 »
If you are relatively new to the world of small business ownership, you may need some help navigating the finances and taxes areas of business. However, you probably cannot yet afford a financial accountant. You may not know how to find your tax ID number for the purposes of filing taxes at the year’s end. We are here to help ... Read More »
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