I am sure you have heard the term “Cash is King”. This is true. Those with cash have stronger buying and/or borrowing power than those without it. With today’s lagging economy, many businesses are experiencing negative cash flow. The business owner who has yet to get up close and personal with ... Views: 1322
In a recent Los Angeles Times article titled ‘Bank of America severing some small-business credit lines’, the issue of Bank of America closing out small business lines of credits was addressed. This brought to mind how many small businesses are victims to this type of financing dealing. This is ... Views: 1125
What would you do if the SBA was no more?
The Wall Street Journal article headline read: “Should the Small Business Administration Be Abolished?” The internet buzz is swirling with conjecture. There is, of course, no concrete evidence to this and organizations such as WIPP (Women Impacting ... Views: 1008
Business owners are always seeking ways to improve their business. These improvements can include updating equipment, hiring new staff, developing a better marketing strategy or figuring out how to improve cash flow. When cash is not flowing effectively, a business owner must take any and all ... Views: 1163
Creative financing is an interesting concept that has many business owners wondering how it could work for them. Many business owners are still not aware of the non-traditional financing methods that are taking the place of traditional bank loans or are working in conjunction with banking ... Views: 1283
The topic of financial records or statements has always created some anxiety for entrepreneurs. For those individuals thinking of jumping into the world of business ownership, this can be a daunting part on the path to entrepreneurial success. Not knowing the importance and meaning behind each ... Views: 962
Before the internet, before computers, before the stock market, businesses still needed money. Terms like ‘Barter’, ‘Partner’, or even ‘Susu’ were a critical part of the financial vernacular. With the advent of the internet, so much has changed. Here is one such major change – “Peer-to-Peer ... Views: 1312
In part one of Diversifying Your Small Business I addressed the factors that impact your business’s need for change. The “Why” and “How to” factors driving this need for change were covered in detail. Finally, it was made clear that because of the ever evolving trends in business, business ... Views: 1165
By Karlene Sinclair-Robinson
Over the years I have asked business owners, “What do you know of Factoring?” Many times the answer is “I have never heard of it”. For those who answered, “I know little about it”, this is for you, too. Factoring your small business receivables is when you sell ... Views: 1292
Many entrepreneurs learned early on that diversifying their business was a key strategy to their success. Their current success hinged strongly on how well they were able to adapt and change with the shifting tide of the business world and what their clients demanded of them. Without ... Views: 1198
To any business owner, Cash Flow is KING. Small Business owners know this. Everyone knows this.
Unfortunately, for many small business owners, their cash flow is dwindling. This is a fact for many, not just small businesses. Why is this so? Take a look at the news today and you can find the ... Views: 1152
Today’s small business owners have so much to do when engaging their customers. Staying hyper-focused on bringing in new customers is important. It is also important when courting a financing source, whether traditional or nontraditional. When you are in need of financing, especially if you are ... Views: 1096
Growing a business in today’s market is all about survival of the fittest. Surviving through the uphill battles of being an entrepreneur is critical. Surviving through the growth stages of the business is just as vital as when your business is in a negative cash flow period or downhill mode. How ... Views: 1156
The business owner seeking capital is finding it a challenge to access capital through traditional markets, specifically the banks. Accessing capital for expansion or survival is crucial. Where are these individuals to go if their banks are not lending? This is where non-traditional capital ... Views: 854
Accessing capital for your business can be a daunting task. If you are a start-up business owner, this is even more so. Small business owners who are considering accessing capital are sometimes not sure what to do or where to go. This is understandable.
The news media showcases small ... Views: 802
Since most start-ups are small, minority, women or veteran owned businesses, they tend not to know as much from an alternative financial perspective as larger entities. This is not to say that they do not know anything, but in most cases that we have seen, these business owners most times do not ... Views: 765
Business owners seeking grants for their businesses must understand the process. Grants, just like other methods of financing, have their unique qualities. Knowing how and when to access grant funding is important in not wasting time and money, then not winning the grant.
Start ups and small ... Views: 778