Cash Flow vs. Profit: What’s the Difference?

According to a Quickbooks report from earlier this year, “61% of small businesses regularly struggle with cash flow”.  Even if your business is profitable, you can be at risk of falling into financial demise. How? Because if you don’t have enough liquid cash on hand to meet the myriad of current and near-term expenses that come with owning a small business, it can nearly impossible to keep your operation afloat.  What is cash flow? Cash flow is essentially the cycle Read More

Past Due Debt: What Is it and How Do I Solve It?

It goes without saying that small business owners are experts at multitasking. If you own a small business, chances are you’re juggling a million different things on a daily basis — shift schedules, inventory management, and likely, a multitude of different expenses, from electricity bills to insurance payments. With so much to do and manage, it is possible that you may have forgotten about a credit card bill, missed a loan payment, or let an invoice slip through the cracks. Read More