This popular blog post was first published early in the pandemic of 2020. We have made some updates and offer it again as conditions continue, worsen, and in some cases improve. Always changing. We expect that there will be more changes to come in the months ahead and we'll do our best to help you stay on top of things and navigate the solutions that are best for you.
Having enough cash on hand during tough times is essential for any small business. When sales are slow, you need to pay your expenses and employees to keep operations flowing. Your incoming revenue and outgoing expenditures may not always tie together, which may create cash flow problems. Invoice factoring can help infuse the cash you need to build reserves during these difficult times. Here’s what you need to know about invoice factoring and how to use it to build cash reserves for your small business.
Are you on top of the variable expenses in your small business? Planning a budget can be difficult when some costs vary from month to month. These unforeseen expenses can eat away at profits essential for business growth and development. Here are six tips for managing small business variable expenses.