Small Business Decision-Making

CEOs of small but growing businesses can often solve their working capital challenges by entering into a factoring relationship, where they sell their accounts receivables to a factor.  Factoring is usually quicker and more readily available and flexible than small business lending. However, there are a lot of misconceptions and myths about factoring in the …

Our purpose and challenge is to help smaller businesses responsibly grow by helping them manage their working capital needs and providing accounting and general business advice. Every company and industry is different, but one of our clients, a signage designer and manufacturer for major construction projects (“Signage Company”), encompasses a number of the qualities and …

Accounts receivable issues can be difficult for many companies to bear, especially smaller firms and startups.  In these trying financial times, chasing invoices can quickly become the full-time job for many business owners. When times are tough, payments can dry up, leaving your company without the vital lifeblood it needs to grow and thrive. Invoice …

We have all been told year-in-year about making New Year’s Resolutions. Giving up smoking, losing weight, eating your vegetables…all good stuff! But what about making some New Year’s Resolutions to better your business? Resolutions, if carefully thought over and properly planned, can be a powerful tool to boost your business in 2014. Let’s have a …

A customer approaches you about placing a big purchase order. It’s the break you’ve been waiting for; but, it creates a major dilemma because the customer pays 30 days after the delivery of the product. It will be a while before you actually receive payment, yet you need the money now to pay for supplies, …

A free government grant may sound like a dream come true. You apply. You get money. You don’t have to pay it back. Unfortunately, government grants are difficult to obtain and generally have stringent application requirements. They are out there though, and for those businesses that meet the specific needs of the agency awarding a …

Here’s a scary thought: 2013 is almost half over. Have you kept your New Year’s Resolutions for getting your financial house in order? Is it time for a tune-up? As we head into the summer, here are five ways you can improve the way you manage your business finances. 1) Manage Your Cash Flow As …

Every time I recall that aqua couch with the floral pattern, I shiver. It had once been in the neighbor’s den, comfortably accommodating a family of four, both kids with a bright future … the daughter, in fact, destined to be valedictorian at Wellesley College. But that was several years after they moved away. Disgraced …

This is Part 1 of a two-part post on the interlocking topics of tax compliance and commercial lenders. CEOs have to keep their eye on at least two races, the first being their strategy to compete, and the second being to do so while in full legal compliance. Full legal compliance means both tax compliance, …

If you were kayaking when the skies started to darken and the water began to get choppy, you would head for safer shores. That is how quickly you need to act when I tell you that juggling your firm’s bill payment is creating a circus instead of the best credit score for your small business. …