Cash Management Archives - Supply Chain Game Changer™

4 Mistakes to Avoid with Your New Business Venture!

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What Business Structure Should You Choose For Your Startup?

Are you in the process of starting a new business venture? If so, you are likely experiencing a range of emotions. Excitement, hopefulness, stress, worry – this mixture is not unusual. In fact, it would be unusual if you weren’t experiencing these feelings.

The issue is that these emotions can lead to confusion, overthinking of your decisions, and, ultimately, mistakes – the types which can be damaging for your planned company.

To help in some way with clearing up the situation, here are four mistakes to avoid with your new business venture.

Navigating Financial Challenges: A Comprehensive Guide to Overcoming Debt!

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How to Manage Credit Card Debt!

In today’s fast-paced world, the impact of debt reaches far beyond financial strain. It seeps into our lives, casting a shadow of worry and limiting our dreams. Like a weight on our shoulders, debt affects our mental and emotional well-being, straining relationships and stifling personal growth. It lurks in the background, causing sleepless nights and overwhelming stress.

Understanding the true impact of debt is the first step towards regaining control. By peering closer at the complexities of financial challenges, we empower ourselves to make informed decisions, seek viable solutions, and pave the way towards a brighter, debt-free future.

Let’s delve into the intricacies of overcoming debt and embark on a transformative journey towards financial freedom.

7 Ways to Simplify Accounting in Your Business!

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The Future of Accounting is Continuous Accounting!

Small businesses, like medium- and large-scale organizations, need to simplify accounting strategies to attain growth. Failing to set procedures for keeping your finances in check can strain your revenue unnecessarily and halt growth.

Small businesses are usually low on staff and might not have the budget to invest in expensive accounting services. Typically, small business owners handle everything from providing services or manufacturing products to shipping. However, business accounting is different and more complex than other business tasks.

3 Strategies for Creating a Scalable Small Business!

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Drop Shipping Teddy Bears!

As a small business, you might take growth one day at a time. Yet, it only takes one positive review on a high-profile website or viral social media post to catapult your sales.

If your business doesn’t have the infrastructure in place, it may fail to capitalize on its success, grow its revenue, and secure many loyal customers. If you want your budding brand to reach its potential, you must prepare it for growth. Here are three strategies for creating a scalable small business.

7 Reasons to Automate Accounts Payable!

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Best Practices for Accounts Receivable and Accounts Payable!

A lot of the problems, issues, and mistakes that happen in accounts payable can be handled through automation. AP is essential for maintaining strong relationships with vendors and a positive cash flow which is why you should automate Accounts Payable.

It’s somewhat easy to overlook the importance of accounts payable until a significant problem arises.

The Popularity of Online Payment Systems!

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Online Payment Protection Tips for Merchants!

Over the last two decades, the landscape of digital online payment systems has changed dramatically. Although some of us are old enough to remember when PayPal was groundbreaking and thrilling, nowadays, it is more often seen as a costly dinosaur.

Internet customers may choose from hundreds of various payment processors and methods, but they aren’t all made equal. Many modern processors care less about user security and privacy in favor of rapid expansion.

Where to Look to Make Savings Within Your Business!

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What is Tail Spend and Why Doesn’t it Wag Procurement?

There are methods to make savings within your business. It is all a question of knowing where to look and knowing what options are available to you.

Of course, there are the very usual methods of changing energy suppliers or opting for cheaper essentials within your establishment, such as hand soap and cleaning materials.

However, other options will save you money in the long term. Continue reading to learn more.

Benefits of Renting a Forklift!

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Critical Forklift Safety Tips! (Infographic)

Many small businesses don’t have the capital available to buy new equipment, but they also might not know that they can rent most of what they need at a fraction of the cost.

For example, forklift rental at Modern Forklift can be a cost-effective way to expand your business without tying up a lot of money in a depreciating asset such as a new forklift. In addition to being more cost-effective, here are the other benefits of renting a forklift instead of buying one.

Cash Management Tips to Survive the Pandemic!

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Cash Is King! Creating a Culture Focused on Money Management

Cash is King!

If you didn’t realize that before the pandemic, in either your personal lives or at your company, more people certainly understand this adage now. Cash is King!

Without cash you cannot run your household and you cannot keep your business open.

The pandemic has made this a very real concern for everyone. Businesses are locked down so they are not able to generate the revenue to pay their expenses. As such many businesses have laid off employees, even if temporarily, to cut their expenses. And a record number of people have lost their jobs, even if temporarily, and as such they can’t even pay their bills.

Despite the numerous government support packages businesses, as well as individuals, need help on how to aggressively manage their cash flow just to survive this pandemic.

What are some cash management tips to help businesses manage their cash flow at this critical time?

7 Ways to Help Raise Capital!

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Crowdfunding Fulfillment Solutions: Things You Should Know About

It’s unfortunate how many businesses fail in their very first year. No matter how good they may, they fail because they could not secure funding and raise capital for their business.

A good cash flow is the heart of every business. No matter how much loss or profit you see, having a good cash flow can keep you running for a long time.

However, securing capital for your business is not at all easy. That is why many business owners and entrepreneurs look for help in financing their projects.

The Supply Chain Detective™: The Case of the Unpaid Invoices!

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The Supply Chain Detective ™! In Search of Broken Supply Chain Clues!

The CEO called. “I need you to go down to Mexico right away. They aren’t paying their invoices and suppliers are stopping shipments. Our manufacturing lines are going to stop. I need it fixed right away. Get those bills paid now.”

What on earth was going on? Why didn’t the site just pay their bills? This shouldn’t be a big deal. And this was their problem, and responsibility, not mine. But as with any crisis situation it’s all hands on deck to get the problem fixed.

Little did I realize that while on the surface this seemed like a simple problem, and solution (ie. just pay the darn bills), the reality would prove to be much more complicated. This would be a case for a Supply Chain Detective!

Start Investing in 6 Easy Steps!

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The Pros and Cons of Bitcoin Investments !

Are you finally ready to stop talking about investing and actually start doing it? Do you want to start investing and start building real wealth, instead of just hoping to get rich someday?

Then it’s time to start investing, for real. It’s not hard, nor is it expensive. And once you get started, it’s not as scary as you think.

Sure, investing always involves risk. But so does keeping money in a low-yield savings account. When you do this, inflation will destroy your wealth-building potential. Even investing in basic stocks and bonds is better than that.

So what is the best way to start investing? What are the first steps to take as a new investor? Keep reading to find out how to start investing today.

Why Small Businesses Need Loans: What You Need to Know!

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7 Reasons for Applying for a Business Loan!

Business loans are often seen as a crucial factor in building a successful entrepreneurial venture from scratch or scaling an existing business. The demand for financial services from business owners has constantly been on the rise, sometimes even exceeding the supply.

However, taking out a loan is not an easy decision and comes with certain risks. Therefore, entrepreneurs should carefully assess their own ability to make payments, have a specific plan for the use of funds, and their repayment. Only in this case, the loan will truly become a financial anchor.

Fastest Withdrawal Online Casinos in Canada!

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Ways to Start an Online Gambling Business in Canada!

When searching for the best online casino, you should prioritize the availability of quick withdrawal methods. It is always exciting when you rack up some wins especially using different bonuses, and free spins in casino games.

However, according to the Wagering Advisors’ guide over at https://wageringadvisors.ca/, some online casinos take a long time to complete customer payouts. When you play at fast-payout casinos, you won’t have to worry about prolonged payouts.

If you seek a gambling site with a reputation for fast withdrawals, this overview discloses information about the fastest withdrawal online casino in Canada.

Your Guide to Managing Costs in Commercial Construction!

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7 Ways to Finance Construction Projects!

A successful commercial construction project is largely about cost control. Without adequate financial measures, much can be called into question.

Unfortunately, larger construction projects are known to suffer delays and run over budget as well. Commercial builds tend to fall into that equation, as they need to accommodate more people or be equipped with unique facilities and features. More logistics can lead to more potential for money to be needlessly squandered.