5 Mobile Apps to Simplify Your Small Business Billing Challenges
At the core of every successful business is a well-organized invoicing and payment system. Having one in place decreases the risk of late payments or non-paying clients-which eventually causes a substantial gap in your receivables. As a small business owner, your time is precious. Luckily, managing your finances in 2019 doesn’t take an accountant, and […]
How to Value the Worth of your Auto Repair Business
The automotive aftermarket industry in the US is expected to reach $316 Billion in 2020. A growing number of Americans are aware of the importance of preventive maintenance and scheduled servicing to maximize their vehicle’s lifetime value. And as a result, the average car in the US is 11.5 years old. Auto repair businesses are riding […]
Small Business Accounting/Invoicing Challenges and How to Beat Them
Running a seamless small business requires a continuous flow of cash and its accurate accounting. Accounting plays a huge part in business, and it affects the profitability of your organization directly. If you are a small business owner and if you are thinking that your accounting process need not be as good as the Fortune […]
The Small Business Guide to Financial Ratios – Infographic
For many small business owners the financial aspects of the business are things they’ve had to learn on the fly. Liquidity, solvency and other financial terms can be overwhelming and confusing especially when they are being addressed during times of financial hardship or stress. We’ve created this handy infographic to help individuals better understand what […]
Transportation Business Overcomes Seasonality Challenges with Fast Funding
After getting his commercial driver’s license and working for a big trucking company, Yasiel Castillo was inspired to work for himself instead. At 18 years old, he founded his own transportation logistics business called Yellow Star Logistics. What started as a single truck trucking company grew into a larger operation with four trucks and a […]
These 10 Billing Mistakes are Messing with Your Receivables
Establishing an effective accounts receivable process is essential to running a successful business. Significant and systematic invoicing errors often plague busy small business owners. Putting in effort right from the start to get your invoicing right will result in a more reliable cash flow. A segmented billing process can negatively affect everything from marketing, sales […]
The Language Your Restaurant Menu Should Be Using
The humble menu card is the most important internal advertisement tool your restaurant can have. It showcases the restaurant’s signature dishes, and it reflects the style, ambiance, and theme of the establishment. They can either be formal i.e. all your dishes listed on heavy paper with fancy fonts, or they can be ultra-casual, i.e. daily […]
What is franchising and why it is important?
One in every seven business in the United States is a franchise business. Franchising is not just an industry in itself, it’s a way of doing business that can be applied in almost any sector. Today, approximately 3,400 established franchise brands operate in 29 sectors across more than 225 subsectors. For many small business owners franchise […]
Choosing Your Construction Business Clients and Why It Matters
Be it a completely new building or renovation work, construction businesses are always at work. Construction requires intense capital and labor investments that vary depending on the type of construction project, i.e. industrial, heavy engineering/infrastructure, commercial or residential. Labor and capital requirements are just two of the many factors to consider while choosing clients your […]