10 Financial Planning Strategies for Small Businesses
Starting and growing your own business from the ground up is challenging but incredibly fulfilling. There is no clear start or end line and no clear set path. Each entrepreneur needs to find their own way to attain their goals. However, it’s not always a smooth ride. Running a small business invariably brings along ups […]
What is Invoice Factoring: How it Works & Benefits
Invoice factoring, especially for small businesses, has grown to become one of the chosen methods of acquiring much-needed finances. With a market size of nearly $1946.5 billion in the year 2021 alone, the industry is set to grow at a compounded annual rate of 9.4% over the next decade. So, what is invoice factoring? What makes […]
What is a Good Credit score: Tips for Improvement
Business credit scores are some of the most important benchmarks financiers look at before offering lines of credit to businesses. So what is a good business credit score, and what contributes to its calculation? Business credit scores are determined based on business longevity, payment history, and the amounts owed to financial institutions. Lenders often look […]
Budgeting & Finance Forecasting for Your Small Business
You can boost your business’s chances of success by expanding your operations, purchasing new software, purchasing goods, or hiring more employees. They do, however, necessitate capital. Budgeting and forecasting capital are the two most beneficial strategies for establishing long-term, successful business plans. There are several significant distinctions between budgeting and financial forecasting that entrepreneurs must […]
10 Causes Why Businesses Fail: How Invoice Factoring Helps
Every entrepreneur knows that investing in any business has its risks. However, success lies in your choices as a small business owner. Therefore, before starting a new venture, it always pays to ask why businesses fail. Whether you are a seasoned business owner or a new entrepreneur, these numbers are daunting. In addition, you may […]
Small Business Cash Flow Management: 5 Useful Strategies
“Never take your eyes off the cash flow because it’s the lifeblood of business.” – Richard Branson. Cash flow management is an integral part of running a successful business. It’s a practice that is meant for not only large corporations but also small business owners to benefit greatly from an efficient cash flow plan. An “Intuit […]
