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5 Important Things to Look for in a Business Credit Card

01 Mar, 2016 / Comments:Comments Off on 5 Important Things to Look for in a Business Credit Card / By William Mahnic

Many small business owners take out a business credit card, as it is can be an easier way to gain access to capital than a business loan. If you are considering this option to obtain capital for your company, then there are several factors you must look at to find the best one. Let’s take a look at five things to look for in a business credit card to get the best deal out there.   1.  The Annual Percentage Rate (APR) Although it can be easier to take out a business credit card rather than

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Keeping Your Small Business Cash Flow Balanced

23 Feb, 2016 / Comments:Comments Off on Keeping Your Small Business Cash Flow Balanced / By William Mahnic

The problem is that the difference between money owed and money received for small businesses is often overlooked, which can lead to significant cash flow issues. Just as problematic is small business owners who are overly eager to pay off their invoices when they come in. If you are not willing to be in control of your cash flow, then you put your small business at risk for not having enough cash reserves to survive difficult financial times. However, the good news is that by learning to balance

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7 Factors to Consider When Determining Your Company’s Working Capital Needs

22 Jan, 2016 / Comments:Comments Off on 7 Factors to Consider When Determining Your Company’s Working Capital Needs / By William Mahnic

Working capital is one of the trickiest financial concepts for a business owner to get a handle on. The truth is the term can mean a lot of different things to different people. However, the definition of ‘working capital’ is the amount that assets exceed liabilities. Let’s take a look at seven factors to consider when determining your small business’s working capital needs.   Business Cycle Your need for working capital is impacted by different stages of your business cycle. During

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