Tag: business finance

Writing paper checks is just a routine part of every small business, right? It doesn’t have to be and in today’s high-tech world, it may actually be one of the worst ways to make business payments. There are plenty of obvious and hidden costs associated with check-writing. Many business owners do not even think to examine these costs as they are not aware of any other way to make and track payments. However, researchers have found that each written check can cost a company between $3 and $5, […]

There are seemingly millions of articles out there on the Internet handing out advice on how to financially run a better business and it can be difficult to sort through all the static. In reality, there are a few basic principles that when followed will lead to success time and again. 1. Have Focus and Stick to It A business will be successful and find the needed investors when it has a clear mission and fulfills a real need. It is important to define your company’s meaning and then make financial […]

Finding ways to continually please your customers and increase your profits are at the heart of most businesses. Creating more working capital and beefing up business funding are also high on the priority list. One strategy to boost sales and revenue many companies overlook is the art of ‘up-selling’ and its sister ‘cross-selling.’ Up-selling means asking a customer to buy something more or better than they originally intended to (think: you planned to buy a condo but your agent convinced […]

Many companies need a helping hand when they are struggling to tide them over until business picks up. A bridge loan is a common means of business financing for just that purpose. Before diving into a bridge loan however, it is important to understand all it entails. First, a bridge loan – also known as a swing loan or gap financing – is a temporary business loan using collateral such as real estate or inventory. The collateral could also be receivables, fixed assets, or intellectual property. […]