Small-business grants, which normally do not have to be paid back, are harder to obtain than loans. The SBA doesn’t provide grants for starting or expanding small businesses, but the federal government has several grant programs for specific types of businesses. Two of them are the Small B...
So, what causes a friendly fraud chargeback, and what can you do to protect your business from fraud? Here’s what you need to know about how to deal with friendly fraud. How does friendly fraud happen? Also known as first-party or chargeback fraud, friendly fraud occurs when a customer...
Let's say you're going to create a product that allows people to do a certain task, and they're currently able to do that task by using something that's free and readily available. Examples of this particular scenario might include a spreadsheet or a Facebook group. In these instances, ...
TheUS Small Business Administration(SBA) provides specific criteria for small businesses.According to the SBA, a small business: Works withinindustry-specific standardsfor employee count and annual revenue Operates to make a profit Has a US-based business location, primarily works in the US, or c...
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Even within the financial profession itself, there is consternation over what a financial advisor actually does and what others expect them to do. First and foremost, financial advisors work with clients on their money flow. They want to maximize the amount coming in the door, minimize the amoun...
An important part of relationship-building for a nonprofit involves calls to action that do not directly ask for money. How do you market a nonprofit organization in the digital age? Chances are good that you have already been engaging in marketing for your nonprofit organization. Perhaps you se...
In today's business environment, the CFO is less of a company accountant and more multifunctional executive with financial skills.Automation of the accounting functionhas diminished some of the CFO's accounting duties. However, the position still requires considerable financial management experience and ...
Many small businesses can’t afford to hire a full-time CFO and turn to “fractional” CFOs — freelancers who work for them part time. In some cases where there’s negative free cash flow, you might need to take more aggressive steps, like restructuring your operations. Ultimately, by ...
What does working capital mean? Working capital is the difference between a business’s current assets (e.g., cash, accounts receivable, and inventories) and current liabilities (e.g., accounts payable and short-term debt). It’s an essential financial metric that helps ensure a company has...