Cash flow management can seem intimidating for small business owners. As Inc. magazine explains, the process of managing cash flow involves collecting payments, controlling disbursements, forecasting cash needs and more. In addition to entrepreneurs themselves, it...
According to a recent CNBC article by Louis Hernandez, Jr., community-based financial institutions are best equipped to help small enterprises begin to recover from the recession. Hernandez, author of the upcoming book “Saving the American Dream: Main...
The formula for improving your cash flow is a simple one. In fact, Inc. magazine managed to boil it down to just one sentence: "Collect your receivables as fast as possible and slow down your payables without jeopardizing your relationship with suppliers."...
According to a 2009 study by The Family Firm Institute, fewer than one-third of family-owned small businesses make it to the second generation, approximately 15% to the third, and just 3% to the fourth and beyond. Why Succession Planning is Often Delayed It can be...
Money goes in, money goes out. Make sure your business checking account is up to the challenge. Think of all the business expenses you deal with on a regular basis. There are suppliers to compensate, credit card processing charges to pay, business banking expenses,...
A recently released United States Chamber of Commerce study revealed that although the national economy continues to falter and many small business owners believe the country is on the wrong track, the outlook is better for local economies. Specifically, nearly half...
