A financial crisis is not a reasonable entity. It can’t be rationalised with. There are no negotiation tactics available that can put a financial crisis to bed. Saving your business from debt would take a tremendous amount of effort. There just aren’t any soft answers when it comes down to a financial crisis. It is…
A Cash Flow Statement provides an overview of a company’s revenues and expenses. Cash flow statements are used to get an aggregate of a company’s revenue streams as well as expenses.
It is often forgotten that successful businesses are also well-organised communities. They spawn harmonious work cultures that are professionally prone to productivity. For growing businesses, this optimum is usually hard to achieve because of rigid business goals that infringe on asset cultivation. When growth is a priority, a very high ratio of supervisory commitment is…
The question of moving forward at a rapid rate is a critical one. Timing and an intelligent analysis of your business performance is key here. Here are the reasons why the element of speed will be critical for your business in the coming year.
Invoice discounting is a form of short-term borrowing often used to improve a company’s working capital and cash flow position. Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid, helping in growth & expansion without impacting the books of accounts.
Every small business owner would be familiar with the panic associated with customers paying late. It wrecks havoc with your business operations, your planning and regular payments to employees and other operational charges. In fact, it has been found that over 55% of the total value of B2B invoices in India were reported to be paid late according to a 2016 report by Atradius. This causes problems for the business and in turn, the other businesses it works with, thereby causing a negative cascading effect. To counter this, most businesses have in place a process called credit control. In simple words, it is a practice followed by businesses to ensure that customers don’t take too long to pay you by following up through emails or calls.
Most businesses inevitably face a cash crunch or two during their lifespan. To tide over such lean periods, a business can opt for financing options available in the market, the most obvious of which is a business loan or alternative financing solutions such as invoice discounting. How is invoice discounting different from a business loan? What are the advantages of it over a regular business loan? Here’s how!
Bookkeeping can be a daunting task but putting it off could spell disaster as you lose track of all the details and little expenses. So what should you do? Here are the only 6 bookkeeping secrets your logistics business should know!
Setting up a business and running it successfully is not a simple task. If you’ve made it this far, you’ve won half the battle but you’re stuck in a rut and you’re wondering what’s next. How do you take your business to the next level? Taking it there requires a lot of work and getting through some challenging times while still keeping your business running and profitable. The first step you need to take is to ascertain if your product or service has enough scope for you to consider expansion. Can the demand for your company’s product sustain its growth? If you just answered yes and if you’re prepared to put in the work and dedication your small business requires to up its game, here are some simple steps you can follow to take your business to the next level.