Debt Collection Practices that Work

As a business owner, it is frustrating when a client does not pay on time. And it gets worse when he refuses to honor his debts. What more, you now have to deal with the unpleasant task of asking for your money back. One of the things I have learned working with small business owners is that many companies have …

Turn Cash Flow Struggles Into Growth Opportunities with These 9 Tips

Cash flow is one of the biggest concerns of all business owners, large or small. Unexpected changes, low profits, late payment of customers and other factors can cause major cash flow problems for many. Small business owners are likely to be hit hardest. When cash flow troubles come, they may not have enough cash reserves to tap into and keep …

Where did my profit go?

“How did I make that much profit? I don’t have that much money in the bank.” It’s not uncommon for business owners to ask this question. But there’s a logical explanation behind it and the answer can be found in the balance sheet. It’s called ‘a statement of financial position’ for a reason. By looking at this key financial report, …

Why Cash is King, and How Every Business Owner Can Manage It Better

You’ve heard the saying “cash is king”, and as a business owner you can attest to that from your own experience running a company. Receiving payment for a sale of your products and services is not difficult. The real problem is when. If only you can collect payments instantly after you have made the sale, you would worry less about …

Struggling with Cash Flow?

Cash flow is one of the biggest concerns of small business owners. Managing cash flow is an important aspect of running a business. Following are some tips to assist you in improving your cash flow: Bill your clients regularly By billing more regularly, the cash in-flows are more consistent. Customers see the value of your product or service at the …