Thu.Jul 18, 2024

article thumbnail

Top Financial Risks Facing Small Businesses and How to Manage Them

biz2credit

Only 50% of small businesses survive five years of business, according to the U.S. Census Bureau. While it may be an intimidating number to face, understanding the risks small businesses face is the first step to crafting a financial strategy that effectively anticipates and manages these threats to your business. The best defense from financial … Continue reading "Top Financial Risks Facing Small Businesses and How to Manage Them" The post Top Financial Risks Facing Small Businesses and H

article thumbnail

Maximizing Cash Flow During the Summer Slowdown

Accounting Department

Summer can be a challenging time for many businesses, with sales often dipping as customers take vacations and routines shift. But a slowdown doesn't have to mean a cash flow crisis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to maintain a robust debt recovery process | Chaser

Chaser

Overdue payments are sometimes inevitable due to delayed client payments, disputed invoices, economic downturns, or simply clients’ oversight. When these receivables linger unpaid, they can start to erode the financial stability of your company. After all, cash flow is the lifeblood of your business, and without it, every part of your operations—from payroll to expansion—faces potential jeopardy.

article thumbnail

Past Due Debt: What It Is and How It Impacts Your Business

Lendio

While some debt is considered good debt for small business owners—debt that ultimately helps the borrower net more in savings or income—other debt is deemed “bad debt.” The latter includes debt that can directly and negatively impact a business owner’s credit score, or that costs money or potentially limits their ability to secure financing in the future.

article thumbnail

Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

article thumbnail

Short Term Vs Long Term Cash Flow Forecasting

Gaviti

There are two main types of cash flow forecasting: short term and long term. Short-term forecasting predicts the company’s cash flow for under 12 months, while long-term forecasting looks beyond twelve months. Financial professionals often agonize over which one to use, but most organizations need both. What is Short-Term Cash Forecasting? Short-term forecasting looks at the cash inflows and outflows over a shorter period.

article thumbnail

Simplify Your Pricing Strategy with BigCommerce Bulk Pricing

Grit

A competitive price strategy is necessary to draw in clients and increase sales in the cutthroat world of eCommerce. Bulk pricing is an effective tactic that encourages customers to buy more by giving discounts for larger purchases. In this article, we’ll look at BigCommerce bulk pricing , its benefits, how to optimize your bulk pricing plan, and how Atom8 can help with BigCommerce bulk pricing.

More Trending

article thumbnail

Tommy Tsunami Surf School Rides a Wave of Success with an SBA 504 Loan

TMC Financing

Half Moon Bay, CA – Combining lifelong passion with business acumen is a sure way to achieve entrepreneurial success – and when you add commercial real estate ownership to the. The post Tommy Tsunami Surf School Rides a Wave of Success with an SBA 504 Loan appeared first on TMC Financing.

article thumbnail

Hospice care provider embroiled in federal health care fraud allegations

Due

A hospice care provider has been at the center of allegations that it may have defrauded federal health care programs. According to court documents, Kindred at Home was accused of knowingly defrauding the U.S. government. The umbrella organization operated out of Atlanta and had multiple splinter branches, including Avalon, Kindred, SouthernCare, and SouthernCare New Beacon.

52
article thumbnail

Working at Onguard: Meet Denise 

Onguard

It’s the year 2019 and Denise is saying farewell to her colleagues at Onguard. Her six-month internship, full of learning and fun moments, has come to an end, and she is ready for her new adventure: a student exchange programme abroad. “If you wish to come back, we’ll be waiting,” one of her closest colleagues told her. And guess what! She has been with Onguard for 6 years, she started as an intern to climb to an Event Manager, and she effectively shares her energy between two roles in the compa

article thumbnail

16 High-Paying Jobs That Are Fun Too

Due

The world of work can be daunting and often unfulfilling for many people. A Korn Ferry survey of 5,000 professionals revealed that the number one reason people leave their jobs is boredom. If you find yourself in this situation, you may wonder how to find a fun and well-paying job. Fortunately, there are many exciting career options out there that can provide both enjoyment and financial stability.

52
article thumbnail

Know About Your Car Insurance Credit Score – And How It Can Get You Denied

CreditStrong for Business

The National Association of Insurance Commissioners (NAIC) estimates that 95% of auto insurers conduct credit checks when calculating car insurance premiums. Your credit history is important, as auto insurance companies may legally assess consumer credit information when making decisions such as when determining insurance rates in most states. How Does A Credit Score Affect Car Insurance Rates?

article thumbnail

An Austin-based flooring giant faces $299K in safety violation penalties

Due

An Austin-based flooring giant faces $299K in Department of Labour (DoL) violations of employee safety violations. After the DoL investigated Ecore International’s Mexia plant, the regulator found a litany of safety issues. Ecore International is one of America’s largest producers of materials and flooring, which is seen across playgrounds, gyms, and sports fields.

52
article thumbnail

Securing a Stable Retirement: How Annuities Complement VA Loan Benefits 

Due

Retirement planning is a must for veterans. While US veterans have unique benefits available to them, they need more than these benefits to construct a viable retirement strategy. To secure a stable retirement, veterans must effectively leverage all available resources. Annuities are insurance contracts that are issued and distributed by financial institutions.