How to Overcome Seasonal Customer Cash Flow Gaps with Business Financing
Cash flow is a never-ending problem in small businesses. Achieving consistent positive cash flow is an even bigger challenge if you make most of your sales during a single season. A U.S. bank study showed that 82% of businesses fail due to poor cash management—so if you have trouble putting money in the right places,Read More
Top 21 Business Practices That Expand Your Customer Base
This post was updated to include even more helpful business practices that expand your customer base! Attracting new customers to your business and retaining them in the long term doesn’t require a mystical formula known only to marketing gurus. A combination of time-tested online and offline tactics executed according to a strategic plan is allRead More
Small Business Administration Loan Stimulus for Coronavirus: FAQ
This post was updated on 3/18 to include information about an additional $250 billion SBA stimulus package announced by President Trump. The novel coronavirus has now infected over 1,300 people in the United States. The NBA, MLB, and Live Nation all canceled or suspended upcoming games and events, with the possibility of things picking upRead More
The Ultimate Cash Flow Management Guide for Entrepreneurs
What’s one of the top challenges in small business accounting? Cash flow management. The average small business only has enough available cash to cover just under a month of expenses – much less than the three to six months most experts advise. Understanding how cash flow works, how to make a cash flow statement, cashRead More
Coronavirus Business Impact: How Will It Affect Your Business?
The coronavirus outbreak continues to wreak havoc across the world, and has now reached 81 countries. Medical authorities are rushing to develop new containment strategies that slow (or stop) the virus from spreading, with limited success. When the virus was largely isolated in China, American manufacturers were suffering from the coronavirus business impact. Now thatRead More
Getting a Business Line of Credit: The Essential 5-Step Guide
This post was last updated on March 4, 2020 to include even more information about how to get a business line of credit. When your cash flow doesn’t satisfy your business’s expenses, or you have a new opportunity, you need capital. It’s that simple. Finding ways to get capital quickly and easily—instead of an exhaustingRead More
Business Line of Credit Requirements: What You Need to Access a Revolving LOC
Do you need a ready source of working capital for your business? A revolving line of credit can provide a buffer for times when cash flow isn’t sufficient to cover expenses. It’s the most reliable back up in emergencies and seasonal slowdowns. Find out what the business line of credit requirements are—and how this flexibleRead More
Referral Programs for Small Businesses: The Definitive Guide
If you haven’t started a referral program for small businesses, what are you waiting for? 60% of marketers say referral programs are an effective way to generate a high volume of leads. 78% of B2B marketers describe referral lead quality as “good” or “excellent.” Well-planned referral programs for small businesses leverage all parts of theRead More
The Best Way to Find Business Loans Online [2020]
Is an online business loan right for you? Trying to navigate the lending landscape can be confusing if you’re a new small business owner or you’ve never applied for financing before. Online fintech lenders use simple applications and streamlined, tech-driven underwriting to take the hassle out of getting funding, like you might encounter with bankRead More
Business Loans for Boston: How to Find the Best Deal
With a population of almost 700,000 people – 68% of them in the labor force – Boston offers a promising landscape for entrepreneurs. The city was ranked one of the best places to start a business in 2018. The proximity of schools like Harvard, Boston College and MIT feed a stream of talented candidates toRead More