Strategic Small Business Trends
A Guide to Small Business Disaster Relief Financing
The COVID-19 Pandemic has put unprecedented pressure on small businesses throughout the United States. To help mitigate the financial pain of dealing with the crisis, the federal government recently signed the Coronavirus Aid, Relief and Economic Security (CARES) Act...
Navigating the Coronavirus Outbreak as a Small Business Owner
There are now more than 245,000 cases of coronavirus (COVID-19) in the United States and new cases are being reported every day. The virus has caused panic and disruption throughout the country, causing grocery store shelves to empty and stock markets to plummet. For...
Distinguishing Gross Sales vs Net Sales: What You Need to Know
Your new business needs the right equipment to get the job done. You also need to equip yourself with knowledge about how gross sales work and what they mean to your bottom line. When reviewing your monthly numbers, your gross sales number can make you feel pretty...
How to Offer Financing to Customers: A Step-by-Step Guide
In the US, around 78.6% of small businesses make it past 1 year. And at the 5-year mark, only about 50% are still around. As you can see, it's difficult to keep things going after a while. This may seem daunting, but there are certain steps you can take to ensure your...
Direct to Consumer Marketing: Is Your Business Ready?
Direct to consumer marketing is popular with brands trying to leverage their marketing. A big part of that growth has to do with the fact that it allows brands to enter the market directly, without needing an intermediary. But is it as simple as choosing to "go...
Waiting on Outstanding Invoices, But Need to Make Payroll? 5 Ways Payroll Financing Can Help
As a business owner, when your clients take longer to pay you than expected, your business can quickly start worrying about financial problems. Not only can you struggle about how to pay employees, but paying your rent, utilities, and other operating expenses can...
What Is Debt Coverage Ratio and Why Is It Important for Your Business?
So, you're here with one very specific question to ask: "What is debt coverage ratio?" The answers to that question may differ, depending on whether you're applying for yourself or a business. It may even be more important to ask yourself other questions entirely....
The 5 Pieces of Business Equipment You Need for Your IT Startup
In today's tech-centric world, IT experts are more in demand than ever before. Considering that our reliance on technology is only going to grow in the years to come, now is an excellent time to start an IT business. As with any business, successful IT startups...
Top 4 Ways Staffing Agencies Can Leverage Invoice Factoring
Waiting for employers to pay staffing agency invoices can hold up business operations, especially for agencies that are trying to expand quickly. What if an employer expects 90 days to pay, but your agency needs the money now? This is where invoice factoring comes in....
How to Craft an Outstanding Invoice Email to Get Paid on Time
Did you know that American small businesses were collectively owed 825 billion dollars in unpaid invoices in 2016? When you operate as an independent contractor or a small business, delayed or unpaid invoices can put you at a financial loss. Considering...
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