Every small business owner knows that cash flow is crucial for the growth of a company. One method of financing that you may have heard about is a merchant cash advance, or MCA. On the surface, it sounds like it might be similar to invoice factoring – but is it? The following are 4 of the biggest differences between the … Read More
Lead Generation for Small Businesses
As a small business, finding clients or potential customers can be difficult and time consuming. With the proper steps, you can acquire plenty of customers to keep your business running. Here are a few lead generation tips that can help your business grow. Customer interaction: This initial interaction could be as simple as downloading an app, or signing up on … Read More
6 Ways to Get Paid Faster
One of the most vital parts of running a small business is getting paid on time. Cash flow is everything, and prompt payments are a lifeline. So, what do you do when clients refuse to pay, or are slow to tie up invoices? These simple tips should prevent unwanted delays and difficult customers from damaging your business. Write a contract. … Read More
Keeping Your Business on Track in Challenging Times
Crises such as the current coronavirus pandemic can present new challenges for small businesses. How you respond to a crisis can define how your company succeeds and grows in the long term. Here are some strategies to consider to help your business during a crisis period. Prioritize your employees. In a difficult period, a great team can make all the … Read More
Factoring Can Help When Cash-flow is Squeezed
Factoring can be an excellent option for companies facing a cash-flow squeeze and slow-paying customers. You company can sell their invoices or accounts receivables to a factoring firm for a quick turnaround on their receivables. The factor advances most of the invoice amount — usually 80% to 85% — after checking out the credit-worthiness of the billed customer. When the bill is paid, the … Read More
Invoicing Tips to Maximize Cash Flow for Your Small Business
Automate invoicing. The right software can automate your invoicing process and cut down on mistakes made by manually billing your customers. Wave, Zoho Invoice, and QuickBooks invoicing software are great platforms to help you automate your invoicing. Number your invoices. Be consistent with your invoice numbers to avoid confusion and help find past invoices quickly. Some invoicing experts recommend that … Read More
5 Social Media Tips for Staffing Agencies
If you own a staffing agency, social media can be a valuable tool to grow your company and find the right candidates. With so many social media platforms available, it can be hard to determine the right marketing strategy for your business. Here are a few ideas to get you on the right track. Understand your target audience. Who are … Read More
3 New Year Resolutions for Your Small Business in 2020
The start of a new year provides the perfect opportunity for business owners to set new goals and find unique ways to improve their operations. There are plenty of different options for your 2020 resolutions, from shoring up your finances to organizing your online presence. Here are some suggestions and tips from members of the online small business community. Take … Read More
Make a Commitment in 2020 to Become More Personal
Remember how back in the day, every deal was done with a handshake with a trusted partner you could look in the eye? Then technology came along, and suddenly you could do business without ever actually speaking with another human being. Now, it seems the pendulum is starting to swing back the other way, and we’re finding a happy medium. … Read More
How to Handle On-line Negative Reviews
If you’re online for any length of time, you’re bound to get flamed. If you are thinking about getting your small business online, there is the potential of being attacked online. We have CAVE People (what Jack Schultz calls the Citizens Against Virtually Everything), we have coffee shops full of people quick to criticize and slow to help, and we have … Read More