Tag: Cash flow
How Accounts Receivable Financing Can Help Take Your Business to the Next Level
Whether you are a large or small business, accounts receivable financing can help you cover your expenses and take your company to the next level. This type of financing involves taking out a loan against customer invoices in order to get cash quickly and easily. Let’s take a look at some of the benefits that […]
Unlock the Power of Accounts Receivable Financing and Grow Your Business
As a business owner, you already have plenty on your plate. You’re tasked with increasing sales, managing cash flow, and staying ahead of the competition. Accounts receivable financing can help free up cash flow and provide access to working capital so you can focus on other aspects of your company’s growth. Let’s take a look […]
How Small Businesses Can Better Manage Their Cash Flow In Their Early Years
As you are just beginning on your journey as a small business owner, you have numerous details on your mind each day. However, one that should be at the top of your list is the proper management of your cash flow. A challenge even for well-established businesses, managing your company’s cash flow early on can […]
Reasons That Make Invoice Factoring A Helpful Option
Invoice factoring is a process of receiving cash that are due for the long term. Cash flow is the main problem that troubles your business always. The business which has customers who do not pay immediately, the situation is worst. In that case, one can take help of invoice factoring. This proves helpful to obtain […]
Why Invoice Factoring is a Great Choice for Small Businesses
Small business owners have many difficult choices to make when starting their new businesses. From determining a path to profitability, to hiring employees, to choosing a location for the business, there are a lot of considerations to made before the first product is ever even sold. One of the most important decisions a small business […]
Information about Lending and Finance
In banking industry, Lending and finance, both of the terms are used for loans in general but different from each other. Let us talk about Lending first. What do you understand from the term lending? Lending means to borrow something from someone. The lender may be any person, any financial institution or any bank. Suppose […]
Your Options for Rescuing a Failing Business
It’s no secret that a lot of businesses are struggling to keep their heads above water in today’s economic climate, and sadly many smaller companies (and even some larger ones) are being forced into administration. For any businesses owner, the prospect of this is an emotionally and financially stressful thing to deal with, but what do you do if your business is close to going under? The good news is there are a few options that might just be able to save your company. Cut costs where possible The first and most obvious step you need to take is to reduce expenditure wherever possible. Hopefully, you’ll already have begun to instigate this, but if not, now is the time to start. The harsh reality is that you may need to reduce the size of your workforce, and let go of employees who aren’t crucial players in the company’s future. If you’re not yet at the stage where administration is inevitable but things just aren’t going great, then after reducing the size of your workforce you should think about relocating to smaller, cheaper offices in order to save money. Company Voluntary Arrangements (CVAs) A company voluntary arrangement allows a failing business’ directors to stay in control whilst paying off their creditors over a period of time. In order for a CVA to work, the directors must be completely committed to saving the business, and must already be taking drastic steps to cut costs. They must also have a realistic projection of potential future sales and have developed a daily cash flow model. With the help of a Licensed Insolvency Practitioner, the business’ directors and their creditors will come to an agreement regarding the rate and timescale for debt repayments. ‘Hibernate’ the business If you feel like you have no other option, you could always put your business into hibernation and give it a new lease of life when economic times are better. This isn’t likely to be an option for any business owner who’s in deep trouble, but if your business just isn’t profitable anymore, then this could be a good idea. Storing physical assets and biding your time in another job for a year or two could prove successful. It’s likely that some of your competitors will have gone into administration in the time you’ve been away, so when your business reboots you’ll have a better chance of survival.
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