Cash flow can make or break your entire business operation. Getting paid fast and on time allows you to grow your business and pay bills. So your business is limited while you are waiting for your invoice to be paid.
The mission statement of the SBA (Small Business Administration) is to help Americans start businesses from the ground up and help them grow. They were founded in 1953 to promote free competitive enterprise. They help American business owners by providing:
In order to sustain your business, you need to profit. And as we know, profit is the total after taking your cost of doing business and subtracting it from your revenue. What determines how much you profit is your margin.
Although in today’s business climate, building a business takes minimal cash most of the time, there are some businesses that need money in order to operate. In this category are mostly service businesses that require tools (like a truck) or a physical location. Whatever your starting capital needs are, don’t let it deter you from […]