Three tips for managing construction industry cashflow
Owning a small business in the construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have […]
A Beginner’s Guide to Cash Flow Forecasting
Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your business […]
The herd and its mentality
The herd and its mentality Marketwatch has been watching the GameStop saga with a sense of déja vu. A large group of individual investors, called in the trade “retail investors”, have got together on social media platforms and have taken on the professionals at their own game. For those who have missed the saga, this […]
Three finance options for your business
Most entrepreneurs find a time in their business when they need to access financing. It may be in the early stages of their business, when start-up costs for offices, equipment and employees must be covered. Or it may be later on, when they have to relocate, purchase more inventory or equipment, or market their business […]
Early Warning Signs of Insolvency to Watch Out For
Running a business isn’t exactly a walk in the park. It is definitely hard work, but a rewarding journey at the same time and you can probably attest to this yourself. Sometimes, things also don’t go as planned and you may find your business under financial distress. Suddenly you find yourself falling behind on due […]
7 Practical Tips to Trim Your Overhead Expenses
Every small business owner knows how challenging it is to cut down expenses without somehow compromising internal or external quality. Regardless of the nature of your business, the first step to reducing your overhead costs is to take the time to go through every single expense you have. Next, assess which ones are necessary for […]
Days of currency future?
Days of currency future? Despite his advancing years, Marketwatch has always fancied himself as being pretty aware on the technology front. But he has to admit he has found the whole area of cryptocurrency a challenge for him. Even the application of liquid brain food has been difficult. But it might just be that this […]
Five Ways to Manage a Healthy Cash Flow
We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. However, in times of crisis such as the ongoing COVID-19 pandemic, this becomes more than important– managing your cash becomes a necessity for survival. If you are experiencing cash flow troubles, here are five things […]
Oh what a night
Oh what a night Marketwatch confesses that he has been extremely distracted this month. The events surrounding the US Presidential election have been jaw dropping. If these events had been an episode or two on the West Wing we might have thought it was far-fetched as the series, after all, is a fictional account of […]
Pandemic Preparedness Tips for Your Business
The COVID-19 pandemic has caught most of us off guard. Who would’ve thought that the world would spend the year battling a virus? This unprecedented global crisis is a reminder that these business threats are very real and acts as a wake-up call for business leaders. Even if the scenario may seem far-fetched, it pays […]