Starting your own business can be quite a financial commitment. Most entrepreneurs decide to take out a loan or line of credit to help cover their initial start-up costs. You can also consider invoice financing as well where you can borrow against outstanding invoices that you have pending. However, you may want to cash [...]
About CherryThis author has not yet filled in any details.
So far Cherry has created 7 blog entries.
If you’re reading this right now, there’s a good chance you want to start a business. Or you already have. And if so, you’re probably doing some agonizing about your business idea. No, I’m not a psychic, but I have spent an incredible amount of time during the past five years planning, strategizing, and [...]
Most of us have been in a situation where we've been declined credit. It's not the best feeling in the world, is it? While it can be inconvenient and embarrassing to be told that the "computer says 'no'", it helps to understand how credit scores work. If you know that, you can work out [...]
Proper cash flow management is a key strategy that every business owner must master for long-term financial success. Managing cash flow can be one of the biggest challenges business owners face. A recent study from Intuit found that 61% of small businesses around the world struggle with cash flow. Nearly one-third of those surveyed [...]
The challenges for small businesses, though, aren’t getting any easier. Markets and consumer demands are changing fast. Big companies will always have more resources to try to copy or catch up to ideas. I’ve seen these challenges first-hand running a home-building business and then starting a regional bank. Here are a few guiding principles [...]
Partners at management consulting and other professional services firms, client partners at IT services companies and sales heads at SaaS providers can probably all agree on one thing: pricing their offerings right and submitting winning proposals is getting to be increasingly challenging. Pricing of services depends on reliable effort estimates, a well-defined resource mix [...]
Don’t get me wrong; increasing turnover should be a main objective for any business but it should be part of a sound business strategy which also plans for increased profitability and managed cash flow. Lack of cash flow is often the main reason a business fails and it is important to understand how cash [...]