Start planning now for the spring with a working capital cash infusion. For many businesses, spring is the busiest time of year. Not only are new business initiatives in full swing, but many businesses experience a boom after the lazier winter months. If you need to make up for a winter shortfall or simply fund […]
Many businesses find themselves experiencing a financial shortfall during the winter months. Whether it’s because business is slower during the winter or because the annual budget has been expended, small business owners may find themselves looking for small business loans. And this isn’t necessarily a problem — unless a business owner procrastinates. Failure to procure […]
If you’re a small business owner, you may want to think about procuring financing now. Small-to-medium businesses often find themselves looking for last minute funding during the holiday season. And while last minute lending can provide a much needed cash infusion, they can be more expensive than financing that was initially planned and budgeted for. Additional Year-End […]
So you started a transportation business. Things are going well, but you can tell you need a little extra something to really help the business take off. What you need is working capital. Working capital is the bread and butter of any business — it’s the cash you have on hand for your day-to-day operations. […]
Working capital is the main financial driver that allows a business to meet its current obligations and continue operating. Calculating the amount of working capital is very simple. Investigating the components and application of working capital creates a deeper understanding regarding the viability of a business and the soundness of its future.
Not having a working capital strategy is like trying to hit a target with your eyes closed. You may be able to shoot, but you’re very likely to miss the target. The same thing goes for businesses that do not have their business goals enabled by a working capital strategy.
Just about every entrepreneur requires outside funding to launch his business and keep it afloat. In some instances, it takes years for a business to turn a profit. Allying with financiers can keep a business alive until it generates a profit and eventually transitions into a self-sustaining entity. Here are some reasons why businesses reach […]
If you own or manage a business, you know that certain seasons produce more customer demand than others. In some instances, a month or even a few weeks can present the opportunity to make an enormous sum of money. But your business will not be able to take advantage of seasonal business trends if it […]
As a new, emerging or growing business, it is important to have an open channel to the financing you need to operate. A critical aspect of your business operation is the management of cash flow — you need to have an adequate amount of funds to be able to keep your inventory purchases in balance with […]
There is an expression that goes, “people don’t plan to fail, they just fail to plan.” No entrepreneur going into business does so with a plan to fail, but inadequate access to working capital and other financing options is a huge contributor to a business’s lack of success and ultimate failure. Many factors go into […]