Category: Uncategorized

How To Calculate Days Sales Outstanding (DSO)

A small business needs cash to operate, and that cash often relies on your customers paying you in a timely manner. That’s where the days sales outstanding (DSO) formula comes in. Your business’s DSO value tells you the average number of days it takes to get paid for a credit sale. In this article, we break down how to calculate DSO and why it matters for your small business. What Is Days Sales Outstanding (DSO)? Days sales outstanding is a… Read More


Section 1. Agreement (“Agreement”) I (“I,” “Me,” “Customer,” or “My”) acknowledge that by entering this contest, I accept and agree to the following terms and conditions pertaining to this contest (“Program”) on My behalf and the entity on behalf of which I am acting in an official capacity, if any. I further acknowledge that My submission does not automatically render Me eligible for the Program, and that My eligibility to participate in the Program will be determined solely by Nav… Read More

How to Pivot Your Business During the COVID-19 Crisis

“Pivot,” is a word that has joined the lexicon of phrases linked to the coronavirus crisis. Small businesses are being told to pivot their businesses to meet the needs of the new economy — and to simply stay alive. Of course that’s often easier said than done, but those that succeed may find their businesses permanently transformed for the better. Here are lessons from four entrepreneurs who are navigating the new normal.  Think Like a Startup “Everyone is a startup,”… Read More

Should You Defer Your Small Business Loans?

Cash is tight for many small businesses as they navigate the changing economy during coronavirus. One option for helping to improve your cash flow and protect your credit is to get a loan deferment. This allows you to stop making loan payments for a period of time while you help your business get back on track.  Can you defer your small business loan? And should you? Let’s look at both questions.  Deferment Vs. Forbearance First, it’s important to understand the… Read More

Will a Personal or Business Credit Check Be Required for EIDL or PPP Loans?

On December 22, 2020 Congress passed the stimulus bill which includes new EIDL grants, new Paycheck Protection Program loans and other small business relief. Read more about that legislation and apply for a new PPP loan here. For small business owners hoping to get a COVID relief loan through the Economic Injury Disaster Loan (EIDL program) or Paycheck Protection Program (PPP), a credit check is both dreaded and anticipated. Some worry that a credit check will reveal credit problems that… Read More

Self Employment Income and Taxes

There are many differences between being self-employed and working for someone else. However, the taxes you owe the federal government aren’t one of them.  If you’re self-employed, you’ll still pay the same income tax as people who earn a living in the form of a paycheck or wage paid by an employer. You’ll still owe Social Security and Medicare taxes to boot (possibly at a higher rate), along with potential state income taxes depending on where you live.  As a… Read More