If you’re trying to streamline back-office processes and improve cash flow, the latest business-to-business (B2B) payment technology can help you do it. Below, we’ll explore how tech is helping address some of the greatest challenges with B2B payments, various technologies you can implement today, and…
Each year, tens of thousands of small businesses across the country apply for invoice factoring, according to the latest Fed Small Business Credit Survey. While the transition to factoring is typically seamless, it works differently than most funding solutions business leaders are accustomed to. Below,…
There’s no shortage of financial challenges for small business owners. As soon as you tackle one thing, something new is sure to pop up. Whether you’re concerned about the financial challenges of rapid growth, lean times, or everyday startup woes, you’re likely to face the…
As expenses rise and the economic climate shifts, profit margins are dwindling for small and midsized businesses across the country. While many have raised their pricing as a means of maximizing profitability, the approach can backfire and may not be right in every situation. In…
Overhead is one of the most critical cost centers in staffing and is also one of the least understood. If you’re running a staffing company, you already know how cash-intensive it is to operate. You’re paying talent before your client cuts you a check. However,…
We all chuckle at AI-crafted images that feature people with six fingers on each hand or, worse, feet where their hands belong, but the growth of AI, especially ChatGPT, is no laughing matter. In less than 18 months, the tool has grown from 100 million…
Even though most businesses think they’re prepared to manage disasters, only a quarter actually are, the U.S. Chamber of Commerce Foundation reports. Supply chain delays, economic uncertainty, or even a key client defaulting on a payment can send shockwaves through most businesses. A strong business…
No matter which side of the table you sit on during contract negotiations between two businesses considering a partnership, payment terms will always be a major focal point. Businesses providing goods and services want to be paid faster, while businesses receiving them want to delay…
“’Tis skill, not strength, that governs a ship,” historian Thomas Fuller wrote centuries ago, yet the wisdom carries through today, especially in business. Just like a captain navigating unpredictable waters, your business success depends on the skills you master, not just the strength of your…
Some stress is inevitable when you’re running a business. But, letting it go unchecked can have serious consequences for you and your company. Below, we’ll cover a few reasons why it’s essential to destress, then explore some proven business owner stress relief tactics to help…
