Everyone knows that cash flow is important, but not everyone can tell why. In this post, we take a closer look at cash flow using simple examples and provide some smart cash flow management strategies. What Is Cash Flow? The term “cash flow” refers to the balance of cash moving in and out of a…
Few things affect the cash flow of a small business as much as slow-paying clients. Besides, dealing with this type of situation is stressful and time-consuming, resulting in even more resources drained from your business. Use the following strategies to prevent delays in payments, or to handle them more efficiently when they occur. Offer Discounts…
Running a small business is rewarding, but it can also be very challenging. Do these three simple things to prepare for change, improve your current situation, and make sure to keep your small business running smoothly no matter what. Monitor Trends Make a conscious effort to stay current on changes in your industry. The pace…
Some states are taking steps to reactivate their economies, allowing many businesses to resume activities. If you are among the small business owners getting ready for reopening, consider the following four aspects to make sure the process is as straightforward as possible. Your Staff If you had to lay off or furlough employees, determine the…
Increasing Cash Flow Cash flow is not only the driving factor that determines a company’s success, it is also required to pay your employees, pay the bills, and fill the inventory shelves. Nevertheless, a company can suffer a cash flow gap that can put its daily operations under serious damage. The problem with bank lenders…
Event Information The Center will be hosting an educational event at the UCR Palm Desert Center: “Access to Capital – Small Business Workshop.” Our sessions will include Managing Your Personal and Business Credit, Cash Flow Analysis for Lending, and Funding Sources for YOUR Business. Working capital is the fuel that small businesses run on! ACS…