Legal issues for small businesses are a growing problem. It’s now estimated that, if your business is earning under $1 million annually, you’re paying an average of $35 in tort costs per $1,000 of revenue, according to the Institute for Legal Reform. These are only…
How many times have you told yourself, “If I had known this before, I would have done things much differently?” Probably quite a few. Running a business is a bit like a trial by fire. You don’t know what you don’t know until it matters….
Age diversity is one of the most overlooked competitive advantages in business. Each generation brings something unique to the table, and when those strengths come together, your team becomes more adaptable, creative, and resilient. However, synergy doesn’t always come naturally, and you’ll likely have to…
Did you know that most small businesses experience cash flow challenges? Even if your business is healthy and growing, incoming cash rarely aligns with outgoing expenses, which can create gaps and friction in your finances that impact every aspect of operations. However, by tracking a…
Over 60 percent of businesses report being the target of scammers, according to Better Business Bureau (BBB) polls. Nearly three-quarters of those who say they’ve been scammed report losses of $250,000 or more. Small businesses are often the preferred targets, with reports of some forms…
If you’re trying to boost profitability in a small business, there’s no shortage of advice. However, much of it is abstract or requires a complete overhaul of your systems. While these tactics can help, they’re not always realistic for business owners who are already stretched…
Did you know that 82 percent of small business failures can be traced to cash flow issues, per Forbes research? Meanwhile, more than half of all small businesses say uneven cash flows are among their top challenges, per the latest Small Business Credit Survey (SBCS)…
Has your small business been feeling the strain of tariff negotiations? Sometimes it’s obvious, like when the cost of inventory skyrockets overnight or critical supplies are no longer available. Other times, it’s subtle, such as when a regular customer hesitates to place the next order…
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…
One of the biggest questions people have when they first start factoring is: “Is invoice factoring worth it?” And the simple answer is that, for most businesses, it absolutely is. Factoring accelerates cash flow like no other tool can and helps businesses avoid taking on…
