Due
MARCH 15, 2023
You don’t need to be told that the business cycle is turning. Each week brings fresh news of layoffs , restructurings, all-hands-on-deck strategy shifts — some proactive, others too little too late. For seasoned leaders, these developments aren’t so much troubling as energizing, harbingers of a more complex and challenging near-term business environment.
Plooto
MARCH 15, 2023
While there is no magic wand that will guarantee the financial success and stability of your business forever, effective working capital management (WCM) ensures you have enough cash to make regular payments , cover unexpected costs, and purchase basic materials used to produce goods.
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Waystar
MARCH 15, 2023
This is the third post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? Download the eBook to learn 7 steps for maximizing your healthcare RCM software. Before looking at the patient financial experience, it’s key to understand one fact: patient financial responsibility has increased significantly in the past few years, and it’s only projected to grow more.
ForwardAI
MARCH 15, 2023
Considering the current economic climate, the rate of inflation and a potential recession looming, preparing workable solutions to implement ahead of financially stringent times is imperative for small and mid-sized businesses (SMBs) who don’t have the resources and financial stability of larger organizations. Because of these limitations, traditional financing options from bank loans to lines of credit aren’t always accessible or sufficient.
Credit Management Group UK
MARCH 15, 2023
Within my 30 years’ experience in the credit management profession, I have seen many mistakes made in B2B credit management; these mistakes, if not rectified, run the risk of negatively impacting cash flow and customer relationships. Here are just four of these mistakes: Terms and Conditions Many businesses find attaching their terms and conditions to an email and assuming that their customer has read and accepted them if they agree to work being carried out to be sufficient.
Accounting Department
MARCH 15, 2023
Your company sold a product or service to a customer on credit, and now it's time for the customer to pay their dues. In a traditional workplace, an invoice would be manually generated and issued to the customer, and then the customer would issue payment in return via cash, check, etc. It ultimately makes for a long, drawn-out process that leaves room for error and delays, not to mention that handling business that way is now a thing of the past.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
TreviPay
MARCH 15, 2023
Future Proof your Trade Credit Over the last few years, the semiconductor industry has faced challenges including increased demand and supply chain issues. With demand not slowing, 88% of the semiconductor industry anticipates expanding both their capital spending and workforce which will require an increase in working capital to fund these initiatives.
Lendio
MARCH 15, 2023
If you have big aspirations for your business, a detailed plan is usually the best way to make your dreams a reality. Despite this logic, many small business owners flounder when articulating their business goals and their plans of action for achieving them. That’s where a business plan can help. Putting together a business plan—and regularly updating it—is a great way to periodically step back from the minute details of running your company and refocus on the big picture.
Grit
MARCH 15, 2023
BigCommerce is one of the leading eCommerce solution providers. They provide a variety of services for eCommerce, so you can build a business that fulfills your vision. It’s important to understand how product inventory is managed. In this article, we’ll go through what Bigcommerce zero product stores can do to process and boost their business.
Lendio
MARCH 15, 2023
Whether you’ve just barely started a new business or you’ve been in business for several years, a business bank account is vital to both your sanity and your survival. In the early stages, you may not feel like it’s necessary and that you can, in your personal account, easily separate what needs to be tracked. But if you intend to make your business a long-term endeavor, it’s time to consider opening a business bank account.
Inc. Authority
MARCH 15, 2023
Keeping your Business Compliant Business compliance refers to a company meeting its legal obligations, specifically to protect the company, employees, stakeholders, and customers. Examples of corporate compliance include ensuring customer privacy, obeying safety guidelines, handling payment of employee salaries, paying … Continue reading → The post Keeping your Business Compliant appeared first on Inc Authority.
Lendio
MARCH 15, 2023
Once you start a business, your next focus may be how to sustain and grow that business. The Bureau of Labor Statistics (BLS) makes it clear that many businesses fail during the first one to five years, but this shouldn’t discourage you. You can learn from other people’s mistakes and find out how to grow your business. If you want to serve more customers, expand to open more physical locations, and increase your profit, these are several reasons to grow your business.
tillful
MARCH 15, 2023
When you apply for a business loan , the lender is going to consider a variety of factors including your credit score, annual revenue, time in business, and industry risk. While you’re likely familiar with the first three, industry risk is a lesser-known term. So, what is it, exactly? Further, what factors make an industry more or less risky? Here’s what you need to know.
Lendio
MARCH 15, 2023
With the rise of the so-called “unicorn startup,” it can be easy to get caught up in the myth that, to start a successful new business, one must be young, have millions of dollars of funding, and plan to grow the business to be the size of Facebook or Amazon. The number of startups funded by venture capital has risen over the years. However, most small businesses start without external investment, and the majority of startup founders are middle-aged.
lsq
MARCH 15, 2023
ORLANDO, Fla. (March 15, 2023) – LSQ , a leading provider of technology-driven working capital financing and payments solutions, announces the hire of Brian Rieber as Vice President of Working Capital Solutions. In his role, Rieber will be focused on helping companies create supply chain finance programs to meet their liquidity needs. Rieber has more than 20 years experience in the industry.
Lendio
MARCH 15, 2023
Most small business owners would rather spend their time growing their company, but maintaining accurate financial statements is critical for your success. You’ll need them to file your annual tax returns, secure financing, and perform financial analysis. Along with the income statement and statement of cash flows, the balance sheet is one of the three primary financial statements.
biz2credit
MARCH 15, 2023
Many small business owners were surprised this week when they turned on the news and learned that some of the nation’s largest banks have gone into bank failure. It was even more shocking to learn that the bank failure of Silicon Valley Bank (SVB) and Signature Bank represented the second- and third-largest bank failures in … Continue reading "Impact of the SVB Collapse on Small Businesses and Short-Term Liquidity Options" The post Impact of the SVB Collapse on Small Businesses and Short-T
Lendio
MARCH 15, 2023
In the early stages of business ownership , you might decide to simply use your personal bank account for your business finances. This is certainly a convenient route. The account is already in operation, and you have established your financial habits around it. But there comes a time when every entrepreneur needs to create a separate account for her or his business.
Reorg Blog
MARCH 15, 2023
The post Hilding Anders Core Business Meets Budget in January But Working Capital Outflow Drives Cashburn; Targets 12% EBITDA Growth, €16M FCF and 6x Year-End Net Leverage in FY’23 appeared first on Reorg.
Lendio
MARCH 15, 2023
Companies can generate hundreds, even thousands, of monthly transactions, leaving many owners and investors overwhelmed when looking at the ledgers. Because of this, accountants have developed high-level statements that report on the operations of the company and allow managers to make decisions from these reports. The cash flow statement is one of the most important.
Grit
MARCH 15, 2023
As a new year approaches, it’s important for any modern business to stay ahead of the game regarding eCommerce sales. With technology continuing to evolve at a rapid rate and more consumers turning their attention towards shopping online, 2023 is set to be an extremely competitive landscape within the eCommerce space. To ensure your company is taking full advantage of all that the online retail world has to offer, here are three new years sales strategies you should consider implementing t
Lendio
MARCH 15, 2023
What is business insurance? It’s exactly what it sounds like. For the better part of your adult life, you’ve probably been paying for car insurance, life insurance, and health insurance. Why? Because it safeguards you in situations that are often out of your control and beyond your ability to cover financially. Business insurance protects your small business in a very similar way, offering you financial coverage in the case of lawsuits, injuries, accidents, honest mistakes, and other occurrences
Grit
MARCH 15, 2023
With the ever-changing online retail space, it’s important to keep multiple channels open. While some retailers focus on physical stores, others are looking for ways to sell without inventory. This blog will explore the concept of selling without inventory. Now, let’s explore how Bigcommerce no inventory retailers can sell without inventory.
Lendio
MARCH 15, 2023
Crowdfunding is a term used to describe individuals coming together to support—and directly fund—projects by other individuals and organizations. For small businesses and startups, crowdfunding can be an engine for job creation and development. Compared to other methods of raising money, crowdfunding is very new, but has nonetheless already provided many businesses with the capital they needed to jumpstart and expedite their growth and potential.
Reorg Blog
MARCH 15, 2023
The post UPDATE 2: SVB Bond Trustee US Bank Taps Seward & Kissel as Counsel appeared first on Reorg.
Lendio
MARCH 15, 2023
Finding the right location for your business is one of the most important decisions you’ll ever make. No pressure. Even mediocre shops with flawed business models can get by with an immaculate location. And the best-of-the-best products can fail when placed in a sub-par location. That’s why it’s important to spend a bit of time zeroing in on the perfect spot for your business.
Reorg Blog
MARCH 15, 2023
The post Prepaid Gas Deal Demand Takes Hit From Regional Banking Crises appeared first on Reorg.
Lendio
MARCH 15, 2023
E-commerce is a popular business model in which buyers and sellers exchange a product or service for money through a process that takes place entirely online. Maybe you’ve thought about starting your own e-commerce business before through an online shop, but still haven’t narrowed it down to the perfect idea. 12 E-commerce Ideas To Consider There are tons of profitable options when it comes to starting an e-commerce business.
Reorg Blog
MARCH 15, 2023
The post Primary Preview: Motor Fuel Group appeared first on Reorg.
Lendio
MARCH 15, 2023
At the start of every small business’ journey, regardless of industry, entrepreneurs can expect to incur startup expenses. As the adage goes, “You have to spend money to make money.” However, the amount of money a startup can expect to spend up front will vary greatly depending on the type of business it is looking to establish. Here’s how to determine how much money you’ll spend to start a business.
Grit
MARCH 15, 2023
Lexair: Communicate Excellence with Atom8 That's what we love about your app. We don't have to take the time to manually assign or send customers a note. It solves a big problem for us when we run special promotions. Bonnie Coke - Account Support Associate Try Atom8 Now Problems No native solution to personalize customer experience No method to segment customers based on custom attributes Wasting time manually assigning customer groups Solutions Atom8 automatically segments customers with unique
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