For anyone in sales, the thrill of landing a new customer is hard to beat. Significantly less thrilling, though, is chasing down customers for payment on their orders. But as anyone knows, making sales is only the beginning, because when customers don’t pay, everyone suffers. According to Hubspot, on average, …
Read More »
Investing In Your Business: Making Informed Financial Decisions
Many entrepreneurs and small business owners don’t often see themselves as investors. However, when you can make a consistent and healthy revenue, that money should return back into the business. It can’t just be thrown at the business, as some areas work better than others. You need a good eye …
Read More »
Forget The Sluggish Economy, You Can Still Grow Your Business
The goal of most businesses is to grow, expand and gain market share. But actually achieving those goals can be difficult, especially if the economy isn’t on your side. Despite the so-called “recovery” incomes are only just above where they were in 2008, and consumer demand is still suffering, despite …
Read More »
Keeping Your Money Safe and Secure on a Business Trip
When travelling overseas, many people have concerns over keeping their money safe and secure. Often, you end up walking around with large sums of cash as international withdrawals can cost a fortune. When you factor in that you are a tourist in a foreign country (which may have higher crime …
Read More »
How to Optimise Your Business Cash Flow
When running a business you are likely to encounter numerous challenges which need to be overcome to ensure survival, one of which might be cash flow issues. Cash flow is the money which comes into the business against the money going out, and is calculated as such. Having issues with …
Read More »
Business Mistakes That Will Cause You to Go into The Red Financially
Business owners and managers need to be very mindful of their finances. It’s important not just to be able to sustain the business through slowdowns or meet unexpected expenses, but also to be mindful of those stakeholders (employees, owners, vendors, etc.) who depend on the business to support them. If …
Read More »
6 Common Myths about Forex Trading
Forex markets are extremely popular with day traders, with hundreds of thousands of websites, videos and blogs offering advice, tips and “sure-fire” techniques to get rich without leaving home. At the other extreme are forex experts who give part-time traders the impression that investing in the currency markets requires a …
Read More »
5 Ways ALL Businesses Can Cut Operational Costs
When you own your own businesses, one of the most prudent decisions you make on a daily basis is where and how to spend money. A business has various areas of spending, all of which have fiscal multipliers attached. This means that while some costs may not offer any direct …
Read More »
Steps to Take for More Efficient Invoicing
A business can live or die by cash flow. Unfortunately, cash flow problems easily arise. If your clients don’t pay on time, it will, undoubtedly, have a negative impact on your company. However, this is not something you simply need to sit back and accept. There are a number of …
Read More »
How Invoice Factoring Can Help Your Startup Survive and Thrive
When you launch a startup, there are always a huge number of things to organize and think about, from sales and marketing to administration, operations, and human resources. However, finance is one of the key areas which lots of new entrepreneurs can get stuck on, particularly when it comes to …
Read More »
Making Sense of Personal Finances
Matters related to money tend to raise stress levels. This means that you are more likely to ignore your personal finance burdens than attempt to discover answers for the troubles that you are currently facing. While it might be commonplace for people to take this type of action, it does …
Read More »
Why Every Accountant Needs ERP Software
Being an accountant in today’s world is quite a bit different than what the profession looked like 20 years ago. Gone are the days of pen-and-paper, filing cabinets and briefcases—today, everything is digital. Since the transition, accountants have relied on software like Quickbooks for managing financial data, but traditional accounting …
Read More »
Don’t Save Your Money! Invest It Instead
Have you ever noticed that people who think they’re being smart with money pretty much always talk about how much they have saved, or how much they are putting away for a rainy day each week/month? This might seem smart on paper, but it definitely isn’t the smartest way to …
Read More »
Building a Killer Financial Strategy for Your Small Business
Building a successful financial strategy for a small business is no small task. Every company is different, as is every owner, which means that each company has different goals and demands that must be met. While every small business owner or manager needs to consider their own individual circumstances and …
Read More »
Social Businesses: How To Share Your Profits
When most people think of a business, they imagine lots of workers making a boss rich. In many instances, that is how companies work. However, there are other types of organizations that adopt a cooperative approach. That means the people working within these enterprises benefit when the firm performs well. …
Read More »
Making Investments in the Modern World
Just like anything else, the world of investing changes as we move into the future. While some things will stay largely the same, the way that people approach investments and sometimes the things they choose to invest in can evolve. In the modern age, people have begun using the internet …
Read More »