How do you manage your working capital if your business is impacted by seasons? If you manage a seasonal business, you would concur that peak seasons can be quite overwhelming due to the sheer amount of work that is required. However, if you are able to plan and anticipate for …
Debt vs Equity Crowdfunding
Let’s say you’re a small business. You’re doing great, you’re turning a profit, but the bank just won’t give you the loan you need to expand the business. Does this sound like you? Well, the good news is that there are two alternative finance routes you can go down – …
Why Businesses Should Not Be Reluctant to Talk About Debt
In many cultures across Southeast Asia, it is common for debt to be thought of as a taboo. A common assumption made is that only people who spend irresponsibly take on debt. Traditional businesses owners, similarly strive for a debt-free business. However, there are many reasons why taking on loans …
Reviewing 2017 Business Performance, Achieving 2018 Goals
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 …
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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 …
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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, …
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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. …
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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 …
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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 …