Is there a better time than the first work days of the year to reflect on business goals? If you spent the final days of 2017 scrambling to collect data and make reports, it’s time to review the past year’s business performance. For many businesses, this is the only time …
3
How to Manage Working Capital for SMEs
What is the most important focus area for any business? Most SMEs make the mistake of focusing only on the profitability of the business. But liquidity is the other pillar on which a company stands. Liquidity is achieved through efficient working capital management. The concept is similar to a person’s …
1
Cash is King, Cash Flow is Emperor
Businesses, especially SMEs, have grown highly competitive in the past 10 years. Local competition is not new, but international and online competition have kept small businesses on their toes. And along with the general cost of living, cost of doing business has gone up as well. In such a scenario, …
1
When Should Your Business Apply for a Loan?
Entrepreneurs who intend to build a new business and need a capital injection often acquire their funds through a loan from banks, financial institutions, or new alternative financing companies – such as Peer-to-Peer (P2P) lending platforms. However, business loans aren’t just for building new companies, but also to maintain them. …
4
How to Fix a Cash Flow Crisis
Cash flow crises are among the most common (and most frustrating) problems encountered by small businesses and SMEs. A well-managed cash flow is integral for a business to continue running. But what if a cash flow crisis is already happening? Don’t panic. Try to implement the steps below: 1. Create …
5 Ideas to Keep Business Finances Healthy
A good financial condition holds your business together. Without the right financial management, a business is as good as doomed. Healthy finances allow your business to function smoothly. The thing is, not everyone is a financial guru. Chances are you’re not one either. But you don’t need to be a …
1
4 Steps to Simplify Small Business Accounting
Cash flow is crucial to the life of any small business, which makes keeping track of how you are spending your money especially important for small businesses and SMEs. This is where accounting comes in. Many business owners look at bookkeeping as tedious and time-consuming. But organized financial information should …
Invoice Finance vs Term Loans – The Basics
Success in business is often determined by one simple factor: cash management. The truth is, many businesses fail because they fall short of cash, despite having a good amount of assets and money owed to them by customers. For these reasons, business owners often decide to apply for loans. Of …
Businesses That Should Consider P2P Loans
Peer-to-Peer (P2P) lending is the practice of lending money to individuals or businesses through online platforms that match investors directly with business owners. Businesses can take advantage of Peer-to-Peer loans. P2P loans are particularly advantageous for SMEs. Businesses applying for financing through a P2P lending platform offers a faster, simpler …
5 Steps for Better Cash Flow Management
Financing is the most important aspect of any business and smart entrepreneurs know that a well-managed cash flow will prevent unnecessary costs and charges. Most business owners are aware of the importance of cash flow management, yet many have no idea how to do so. Whether you are a complete …