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What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? If you answered “no” to #2, you need to scramble to get cash in time for #3. Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.).

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When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

As your business grows, you may no longer have time or expertise to effectively manage your finances. According to Score, 40% of small business owners say bookkeeping and taxes are the worst part of owning a business. Make a Decision About Which Accounting Method to Use to Track Your Finances.

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10 Things Every Small Business Needs To Do

Up and Running

If you are thinking of starting a small business, make sure you follow these ten important rules for small businesses: 1. You need to manage your cash. The number one reason small businesses go bankrupt is lack of cash , not lack of profits. You NEED to understand those levers. Does it work?

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Financial Planning For A Recession

YoungUpstarts

As we learned in 2008, recessions can come on swiftly and cause major crises for all businesses, big and small. In today’s economy, it is essential to practice intentional recession planning as a small business. Prepare Financing Options. Make a Plan: Preparing for a Recession. Also prepare your debt vehicles.

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How to Improve Financial Metrics That Matter

Up and Running

Cary Collins, director of the Global Entrepreneurship Program and associate professor of finance at Bryant University. How to improve your cash-assets ratio. A key way to boost a business’s cash-assets ratio is to boost its cash position, and there are numerous approaches to do this.

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Managing The Debt Of Your Small Business

YoungUpstarts

Debt can help your business if used the right way. It can help accelerate growth and capture business where you otherwise wouldn’t be able to. With proper management, you can maximize the potential of your small business with a bit of debt. There are endless stories of businesses collapsing under the weight of debt.

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Should I consider factoring to smooth-out my cash flow?

Up and Running

Your cash position is still zero – nothing in, nothing out. In this scenario, you get free cash for 30 days. Remember this is not likely in the real world for small businesses, it only happens for the likes of Walmart. Finance business financing cash balance cash flow factoring finances manufacturing costs'

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