Cash Flow

Borrow Based on Customers Credit

Employees won’t wait for payroll and landlords don’t want to hear about your cash flow when rent is due. Sure, cash is a problem.  But if you have Accounts Receivable, you already have the keys to unlocking more cash. Here’s how you can get the cash when you need it the most: The Root Cause [...]

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Screaming Won’t Help when Too Much Cash Kills Your Business

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I’m embarrassed to tell you that I actually screamed at a salesman over the phone today.  It takes a lot to get me worked up, but in this case I broke.  I simply wanted to PAY this guy, and he could not take payment over the phone. ME: “What? No invoicing?  No credit card?  No Paypal, SquarePay, [...]

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Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

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Ready for part 3 in my 4-part Business Tune-Up Program? By now you know what really drives your profits; you have a dashboard that helps you keep track; and you have fixed any cash bottlenecks. Now it’s time to magnify all the good things you are doing in your business and watch the profits multiply. [...]

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Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

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Entrepreneurs are an odd lot.  We pursue a passion but end up with a business. Sure, launching a company seems like a good idea at first. We start with stars in our eyes, but end up married to the dreary demands of running a company. If your business is not helping you pursue your dreams [...]

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Crooked Co-Workers: 6 Steps to Spot Embezzlers at Your Company

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Is there a thief working in your office?  I’m not talking about a convict wearing an orange jump suit.  I’m talking about a well dressed employee who is, at this very moment, ripping you off for thousands — maybe millions — of dollars.  Would you even know if your employees were committing financial fraud and embezzlement?  [...]

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ACH: How to Avoid Credit Card Merchant Fees Forever

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You earn your money.  But if you get paid by credit card, you’re giving away 3% to VISA and MasterCard. Said another way – you’re paying credit card merchant fees of about 20 cents for each dollar of profit… 20% of profits just for the pleasure of getting paid. Crazy, right?  You have better uses [...]

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Bridge Loans: How Angels Can Get You Cash When VC Can’t

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Whether your business is growing rapidly or just getting started, you need cash.  But negotiating equity investments can take a long time – time you don’t have. You need cash NOW… meanwhile, venture capitalists (VC) and other investors will spend months negotiating deal terms. And just when you think the terms are finally set, there’s [...]

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Top 5 Pet Peeves of Venture Capitalists

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Venture Capitalists can be a tough group to please. Because they hear hundreds of pitches every year, VC learn to sort the best from the B.S. I had a chance to discuss this topic with Mr. Ed Goodman, General Partner and Co-Founder of Milestone Venture Partners in New York City.  During his VC career, Ed [...]

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2 Websites Every Business Planner Must Know

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Whether you’re a launching a new product or a new startup, business planning and funding takes a huge amount of time.  Now you can cut weeks – or maybe even months – off of the business planning and fundraising process of your new business idea.  Before you do anything else, get to know these 2 [...]

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How to Clip the Wings of an Angel Investor

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I almost don’t want to say it… “Do what you love, and the money will follow.”  You’ve heard it a thousand times, but it has a whole new meaning if you are looking to raise money from angel investors. Angel investors — high net-worth individuals who make personal bets on small companies — like to [...]

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Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

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Its amazing how complicated you can make bookkeeping if you try. Apply for a handful of credit cards, get two or three bank accounts, and carry arround a checkbook … and you’re on your way to a life of late payments and bounced checks. There’s a better way. In fact, keeping your books straight in [...]

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Get Ready for the Coming Boom in 2012

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Prepare your small business for the next economic boom cycle. The recession is ending. Now is the time to get ahead of competitors by gearing up for growth and expansion.

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PayPal: Safe for Business…or a Crazy Gamble?

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News broke this week of the extraordinary measures that PayPal is taking to deny business account holders access to money legitimately deposited into their accounts. An emerging social media site called Diaspora reported that PayPal has frozen their account and blocked the release of more than $45,000.  Similar stories are coming to light around the [...]

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New Business Loans… and a Cup of Coffee to Go

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Starbucks just announced an innovative new small business loan program called “Create Jobs for USA”.  Yes, along with doling out $5 cups of coffee, Starbucks will now fund loans of $50,000 and more for small businesses. The company has a history of “micro-finance” in developing countries; this is its first program here at home. But don’t [...]

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9 Lies We Tell Ourselves About Loans

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Getting a loan is not easy these days, and as a result too many entrepreneurs have given up even looking.  Instead we run around searching for all kinds of private equity and venture funding…  But if given a choice between a good old-fashioned loan and any other form of finance, I’ll pick loans every day. [...]

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