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Category Archive: Business Practices

Business Practices

Apr 27

Back to the Basics: Cash Flow (Part I)

People always say that, ‘Cash is King’, and as any good business owner knows, cash flow is essential to the survival of a business. Cash Flow is the movement of money into or out of a business, and can mean life or death for a business depending on how well it is managed. Good cash …

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Apr 15

HOW TO: Prevent Your Business From Failing

There have been stats thrown around for years regarding the failure rate of new businesses, some as scary as 95% of small businesses fail within the first 5 years. Regardless of the exact numbers, we all know the dangers of starting a new business and wish we could minimize these risks. Well, we’ve put together …

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Mar 25

HOW TO: Save Your Small Business by Avoiding Bad Debts

We’ve all heard the numbers and statistics stating the majority of small businesses fail within the first few years. There are a multitude of reasons behind these entrepreneurs failing, but one of the most important factors can be cash flow. With it being so important for new and small businesses, the ability to control and …

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Mar 11

The Potential Effects of Low Unemployment Numbers on Creditors and Debt Collection

New unemployment numbers have been released recently, touting that the U.S. economy added 295,000 jobs in February. This crushed expectations, which most experts estimated to be between 200,000 – 250,000. These numbers also mean the American unemployment rate is the lowest since May, 2008, before the massive financial crisis crippled America for years. Now, this …

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Nov 24

Be Thankful for Your Customers

While it may be cliché to talk about being thankful during the week of Thanksgiving, we think it is more important than ever to recognize your customers. It is often a part of business management that tends to be ignored; yet customers are often the main influencers of a business’s cash flow. With the holiday …

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