Scaling your business is exciting, but rapid growth can put serious pressure on your cash flow. Without careful management, even a booming business can quickly run into trouble. Here’s seven tips to keep your cash flow healthy as you scale: 1…
For many business owners, managing cash flow and financing growth can be challenging. One financial strategy that has gained traction for its flexibility and benefits is the sale-leaseback transaction. But what exactly is a sale-leaseback, and how c…
For many entrepreneurs and small business owners, the concept of business credit can seem elusive and complex. However, building strong business credit is a crucial component for any successful enterprise. It opens up a world of opportunities, from …
Happy New Year business owners! It's that time of the year again where everyone makes resolutions and promises to start the year off on the right foot. This year, let's not just focus on personal resolutions, but also on our business resolutions. I…
Repeat customers are a crucial asset for your business, but not all repeat sales are created equal. Let me explain. There are two types of repeat sales: reoccurring revenue and recurring revenue. Reoccurring revenue comes from customers who make pu…
Becoming an entrepreneur is not an easy task. Trust me, I know! With the fast-paced business world, the competition is fierce, and only those who possess the right entrepreneurial skills can survive. But, what's the most effective way to develop th…
Are you an entrepreneur who finds it hard to stay focused on achieving your goals? Starting and growing a successful business takes more than just an excellent idea and a great team of employees. It also takes focus, determination, and the right min…
Ever wondered why some entrepreneurs seem to sail effortlessly towards their goals, while others keep treading water? It's all tied to an intriguing blend of motivation, focus, and drive. But there's another factor that's more important than all of …
As an entrepreneur, one of the most important decisions you will make for your business is finding a good accountant. A reliable accountant can help you stay organized and compliant with tax laws, as well as provide valuable insights into the financ…
Congratulations, you've won over a new customer! But what happens in the next 90 days is crucial to whether they stick around. The first three months of any new relationship are vital: - A president has 90 days to inspire and gain political capita…
Starting a business can be exciting and rewarding, but it also requires managing the financial aspects of your company. As a business owner, it's important to pay yourself for the work you do. But understanding how to pay yourself from an LLC can be…
Starting a new business is a big step, and it’s normal to feel a mix of excitement and uncertainty. This guide is here to walk you through the process, breaking down each stage into clear, practical steps. Key Steps to Launch a Successful Bus…
Small Business Administration ("SBA") loans are government backed loans designed to help small businesses grow and thrive. The SBA helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans ma…