Cash flow issues are a common problem for eCommerce businesses. According to The State of Small Business Cash Flow report by Quickbooks, cash flow is a global business problem, with 61% of the businesses worldwide struggling to maintain a healthy cash flow and 42% reporting financial hardships in previous years. This calls for much needed efficient cash […]
Regardless of the size of the business, managing finances and keeping track of the investments are crucial for business success. Whether you are a startup or an established business, penning down your cash flow activities is just as important as determining your profit. In this guide, you’ll study why cash flow is important, but before […]
As a business owner and entrepreneur, the responsibility of managing finances often falls on your shoulders. To stay on top of your cash flow and abide by your budget, it’s imperative to take advantage of money-saving opportunities and look for new ways to cut back on spending. Sometimes it is easier to see these things […]
Holiday season is the time of rejoicing and celebrating. The time of the year is signified by snow, parties, and the magic of Christmas. It is the time of the year when people willingly spend money to buy presents for their friends and family. Millions swarm the streets and come out on a shopping spree […]
The movement of money globally has grown significantly in recent years. The integration of banking services to the business operations and digitization of the financial world means that money floating around today is both tangible and intangible. Businesses take on financial investments in different currencies from different economies to add to their capital and to […]
Businesses are rapidly moving towards business models that are based on subscription renewals and services and this development has impacted financial leaders strongly. Their focus now lies on not only managing the books and thinking about their daily tasks. They must also start placing emphasis on improving customer retention and being more attentive when it […]
Launching a new online business is a long-time commitment project that takes tons of passion to build. It starts with just an idea that you might have had. But you need perseverance every step of the way to take it to the heights you imagined it would reach. There is no limit to the amount […]
Are you a busy business owner struggling to balance finances and keeping your business afloat? Are you unsure if hiring a CFO is the best option? In this article, we will cover the benefits of hiring a CFO and when it’s the right time to do so. Small business owners often take charge of their […]
When it comes to gauging your business’s performance and strategies to improve it, you might be ready to seek a benchmarking analysis for your business in your industry niche. If you are a small business owner, or new to the competitive landscape, you might be at a loss for what this benchmarking term is referring […]
It is a fact of life that if you plan to run a business, then you must pay taxes. If you’re an online retailer, then you’re also responsible for charging sales tax to customers living in states where your business has a physical presence. This tax is then remitted to the relevant tax authority. Filing […]
According to a U.S. Bank study, 82% of businesses fail due to poor cash flow management skills or poor understanding of cash flow. These small businesses don’t make it to their fifth year because they don’t even know they have cash flow problems. Most business owners don’t understand how to properly manage cash flow, so […]
Right now, the whole DIY thing is a huge trend. People are making their own farmhouse tables, home décor, skincare products, and accounting… wait? that sounds out of place. That’s because it is, you shouldn’t try to do your own accounting if you have no experience with it. While you might be able to get […]
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