Category: Cash Flow

If sales are booming and your small business is flush with cash, congratulations! While having a large surplus of cash is great for your small business, SMB owners also need to understand that the more surplus cash you have, the greater your chances are of losing money.  How? Well, the rate of inflation reached a…

No matter how successful your small business is, you’re going to have periods in which sales may be down, customers may be slow to pay or orders aren’t getting fulfilled due to inventory problems, resulting in your monthly expenses being greater than your monthly revenue. These are just some of the scenarios that may lead…

KEY TAKEAWAYS Navigate your business’ financial challenges by implementing effective cash flow strategies, such as prioritizing timely collection of invoices and exploring alternative financing options such as invoice factoring. Strengthen financial stability by negotiating mutually beneficial vendor contracts, exploring agreements that allow for price adjustments on bulk orders and extended payment terms. Drive financial turnaround…