When equipment fails, it can cause your entire business to screech to a halt. It can even be dangerous for your employees. Protecting your business from equipment failure requires an understanding of why equipment fails and the proactive measures you can use to avoid equipment failure.
Some industries experience peak periods, such as ski resorts in winter, with many businesses enjoying a bump during summer seasonality. People want to be outside in the warm weather, and that usually means they spend more money. Don’t miss out on increased sales due to a lack of cash flow for your business expenses. Instead, consider […]
Are you an innovative entrepreneur with a summer seasonal business such as lawn care, outdoor adventure or guided tours? If so, how do you deal with the swings of your operational costs in the off-season? The type of business you have drives your operating cycle but may not coincide with your cash flow needs. Let’s look at ways […]
If you believe expanding your business could dramatically improve your bottom line but aren’t sure if it’s worth the cost and hassle, you are not alone. Consider the common reasons that businesses expand before making a final decision. Then, review your options to move forward and grow your enterprise.
If you’re thinking about expanding your business by increasing inventory, hiring new employees, updating your facilities or other growth-related costs, a working capital loan might be just what your business needs. Before you look for financing, be sure that your business is ready to take that on. To do so, you need to understand what […]
Many businesses are flush with cash in the spring, as clients ramp up for warm weather booms and new opportunities emerge. However, the adage still prevails, it takes money to make money. You probably don’t have to think hard to come up with ways your business can use more working capital to make more money. Working capital […]
The trucking industry is the heart and soul of the American economy. If you own a trucking and logistics business, you know how difficult it is to stay competitive and meet your client’s tight delivery timelines. In order to survive, it takes a sizable fleet of trucks and experienced, reliable drivers. Working capital loans can […]
If you own a construction company or other seasonal business, you know it can be tough to get through the slow winter months. The cold weather grounds some businesses until spring, but even retail stores and restaurants experience significant drops as customers hunker down at home after the holiday rush. This slow period would be a […]
For many businesses, the winter months and the holiday season are the slowest times of the year. Retail stores find that they can clear significant profits on Black Friday, but other stores may find that customers are hesitant to spend any more money than they have to. Home improvements, big-ticket purchases, and services are often […]
Businesses that need cash have two options: taking out a loan on their assets or taking out a loan on their credit. But what if a business doesn’t have physical assets or credit for a loan? Many businesses that are just starting out may not be able to apply for traditional loans. Luckily, if they […]