Avoid a “Liquidity Ambush” in your small business with the right tools for success. Have you ever felt things seemed to be going very well, then suddenly realized something wasn’t quite right? When it comes to having enough cash, small businesses can never feel too comfortable. Sometimes, a short delay in settlement on one hefty invoice can...
No longer is technology risk defined as the consequences of technology failure or the potential to disrupt the business. Then what is it? Are you growing as quickly as you could be? Business owners are busy. They face tough decisions about where to allocate their precious time and dollars. Many CEOs occasionally reflect on what might be holding back their...
Your small business can avoid endless paperwork required by big business banks with these tips. We’ve seen this play out before. The project is completed, you’ve delivered as promised, and the client is happy. But for whatever reason, they haven’t settled your receivable. Even large corporations occasionally miss payments or are late. With funds not there to cover...
Figuring out the best way to get funds for your business is always an uphill battle. If you’re experiencing cash flow issues or simply need funds to expand, you will probably need to turn to a lender. However, no two lenders are exactly alike, and some lenders offer different kinds of loans than others. For...
“Piercing the veil” is a term that gets tossed around a lot, particularly when a business has taken part in actions that break the law. However, many people do not fully understand the meaning of “piercing the corporate veil.” While an LLC or corporation has little to worry about if they are not practicing any...
If your business depends on employees (as most do), then you know the vital role that payroll plays in your organization. For many small business owners, payroll is the lifeblood of their business. It ensures that your employees are paid on time (every time) and that your organization can continue operating like a well-oiled machine. But...
Payroll fraud and payroll-related scams are far more common than most consumers and businesses realize. In fact, more than one out of every four businesses are affected by payroll frauds and scams. There are many different types of payroll frauds, but some of the most common payroll frauds can occur with little to no warning....
Small business loans have been around for as long as small businesses have been in existence. More often than not, small businesses need a way to grow and develop their businesses, which usually requires funds for upfront and continual investments. However, small business loans for payroll work a little differently than traditional business loans. Rather than...
High employee turnover is one of the leading causes of low revenue and decreased efficiency among small, medium, and even large commercial organizations. Not only can high turnover slow down many of your most important business processes, but it also greatly increases the cost of training and maintaining new staff. Fortunately, high turnover does not...
Your payroll scheduling is one of the most important factors to consider when calculating ongoing cash flow, employee pay dates, and overall payroll costs. While staff payment schedules vary from one organization to the next, many industries have standardized payroll dates that occur weekly (once a week), biweekly (once every two weeks), or bimonthly (twice...