Business owners face cash flow issues every day. The reasons might not always be 100% clear. In this section, we will look at how to address issues emanating from money.
Many fisrt-time business owners underestimate their operating cost. Better to address them early before they become a bigger issue.
Many first-time entrepreneurs have little experience in business and suffer revenue problems because they do not have a value ladder to help take a prospect from a first date to marriage.
Money issues can often be traced back to a bad decision about the location of the business.
Most small businesses will need access to capital.
Most business owners think of funding in terms of a loan with principal and interest payments or directly offering stock to investors. But there are several other alternatives. Here is a list of several different funding options any business can use when raising private debt or equity.
Some businesses face a revenue problem when they do not make a distinction between the different types of revenue.
And other times, it is caused by a spending problem when they incur a bad debt.
And sometimes, the decline of the business is caused by an overall decline in market activity; however, a savvy business owner can take advantage of an economic downturn.
Declining economic conditions dictate cost-saving measures, but laying off employees creates moral problems for the remaining employees. Here is a better way
Sometimes, money issues are caused by growing too fast, overwhelming the company’s accounts receivable. That is where factoring receivables can help.
A merchant cash advance (MCA) is a cash advance with variable payments based on credit card receipts until a payback amount is reached.
Other times money issues are caused by a delinquent customer. Here is what you need to know before you sent send off outstanding invoices to a debt collector.
Savvy business owners keep abreast of emerging trends. One such trend is digital currency.
In the end, it boils down to knowing when to hang on or just fold up the tent and call it quits.
