By leasing business equipment like cars and computers instead of buying, you get access to the latest features and avoid tying up cash — but you still get to expense the lease costs on your business taxes. While this may not make sense for everyone’s business, consider the benefits this ...
If you can negotiate a lower price for the items you need, you’ll have more cash available to cover other expenses. And if you can get suppliers to give you an extra week or two to pay your bill, you’ll avoid having to scramble to come up with the money at the last minute. So...
Smart small business cash flow management is the bedrock for long-term, sustainable growth. That means converting sales into cash as quickly as possible, while reducing and extending your payments, to build a cash cushion. How? Here are 12 tips for how to improve cash flow management and posi...
1. Review Your Current Cash Flow The first step to improving cash flow is paying more attention to it in the first place. Withcash flow analysis, you track how money comes in and out of your business, with the goal of making sure you have enough on hand to safely cover everything. Ex...
Every small business should divert a substantial stream of revenue into a reserve stash of cash on hand, though that can become a distant dream if costs and loan payments mount. Arevolving line of creditis a must for restaurants. If banks don’t help, consider credit unions, which are pros...
Effective cash management is a priority for every small business. As most small business owners can attest, it’s important to know where every dollar is coming from and where it’s going by using the right products, services and controls. Even though transaction types can differ depending on...
6 Startup Cash Flow Management Tips Too many startups with great ideas have folded because of the small business cash flow challenges they weren't prepared for or didn't understand. Soon, enough reality comes calling, and they realize there is no more cash surplus for paying the rent, or...
Cash flow will adjust to the amount of work that you bring in between the both of you. Branch out to another location: If you feel that working from home begins to get a little crowded, try looking into serviced offices for rent. These are great options for the working individual just ...
While you may think that apoint-of-sale (POS) systemis just another name for a cash register, most modern POS devices can do much more than process payments. Using the latest software, a POS system can help you manage your business from end to end, all in one dashboard, whether you’...
Remember, every dollar counts when you’re a small business, so cut or adjust whatever you can to develop a healthiercash flowand financial standing. 5. Stay on top of the latest marketing trends Your business can only grow if yourtarget audienceknows about it, so make sure you prioritize ...