Lack of business funding is one of the top challenges in business today, reports the National Small Business Association (NSBA) 2016 survey. The 2016 Mid-Year National Small Business Association (NSBA) Economic report reveals 21% of business owners surveyed listed a lack of available capital as one of their […]
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In more difficult economic times, your predicted cash flow situation may not materialize. Sometimes, Midwest businesses get better than expected news, such as when, in April 2009, Midwest business activity contracted at a much less severe rate than anticipated, thanks to a jump in new orders. Other […]
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How would that affect you? BusinessWeek is calling this tactic a “brutal cash squeeze,” one that can dramatically harm even well-established companies. The article quotes the CEO of Angie’s List, Bill Oesterle, whose credit card processor wanted a new reserve of a whopping $2.5 million. “In two […]
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According to a report released by the National Small Business Association in January 2009, 1/3 of small businesses have concerns about the ongoing viability of their businesses. This report also indicates that 28% of them experienced decreases on their lines of credit/credit cards; if the business owners […]
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What is your cash flow management plan when your orders unexpectedly skyrocket? In August 2008, the Institute for Supply Management – Chicago business barometer increased to 57.9 from 50.8 in July; economists had predicted that the index would only reach 50.0 in August. These figures highlight how […]
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Ohio is an excellent home for the successful entrepreneur! According to IBMag.com, “Ohio ranks best in the Midwest and among the top ten states in the nation in SITE Selection’s annual state business climate analysis.” Reasons for Ohio’s success include: A supportive business environment An educated, talented […]
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On paper, perhaps you are running a profitable business. Your revenue exceeds your expenses. Yet, you still struggle with cash flow management. That’s because you must meet payroll on time and pay all of your expenses on time, but your customers sometimes go past the due date […]
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Increasing numbers of companies are turning to accounts receivable factoring to defeat cash crunch. More than $112 billion in funds were factored in 2005 alone, a 9.3 % increase from the previous year. Unfortunately, only 5% of business owners in the Midwest take advantage of the ultimate […]
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