How to Create and Stick to a Company Budget
If you’re running a small or medium sized business, a well-researched company budget is essential to keep profitability up, and to keep you on track. Setting goals and evaluating each step of your business ideas is crucial to implementing any changes, and a strong budget with clear steps and solid adherence is a great indicator of the financial health of your company. Measuring your progress on a regular basis by sticking to a budget is going to make or break your business. (more…)
- Published in Business Growth, Cash Flow Management, Invoice Tracking
Invoice Tracker Now Integrates With Clio
Keeping track of and tracking your invoices is essential to increase both profits and billable hours in your firm. Invoice Tracker’s feature list includes everything you need to keep your cash flowing, and ensure all of your data is being accurately tracked and recorded. If your average billable hours in a day only adds up to 29% of your time, your firm needs the real-time insights, automated and customizable email set reminders, and solid invoicing tracking software that Invoice Tracker offers. (more…)
- Published in Invoice Payments, Invoice Reminders, Invoice Tracking
Cryptocurrency: What Is It And Why Should You Care?
Cryptocurrency has gained an awful lot of traction (and press) in the past few years. Many people are excited about what it means for the financial industry, others are uninterested, and a lot of us are just plain confused! So what is it, and what makes it something that you should keep on your radar? Is it simply the newest craze, sure to die out quickly? Or is cryptocurrency the wave of the future? (more…)
- Published in Business Growth, Invoice Payments, Invoice Tracking
50% of Businesses Fail Within the First Five Years. Here Are The Top Reasons Why.
Starting a new business is exciting. You have a passion for your product or service, you think you’ve identified the market for it, and you dive in after doing your research. But the statistics are harsh: a full 50% of small businesses fail within the first five years of operation. By year ten, this number skyrockets to a full 70%! And according to the US Small Business Administration, this number can vary so much that the failure rate can be as high as 95% by year five. (more…)
- Published in Business Growth, Invoice Payments, Invoice Tracking
When Cash Flow is an Issue, Use Fundbox
Small and medium-sized businesses across the United States often struggle with cash flow issues. Such financial problems can affect their companies to such an extent that it leads to failure: 82% of businesses fail due to cash flow problems, according to a US Bank study, making it the leading cause of collapse. Late payments by customers and variable frequencies in retaining clients are factors you often can’t predict, and can quickly lead to issues with profit that mean you need assistance. (more…)
- Published in Business Growth, Invoice Payments
Improve Your Cash Flow With These Simple Steps
Cash flow is a fundamental indicator of financial health. It is crucial to have a solid understanding of where your money is going, and how much is coming in so that your business can stay afloat. Debt management and consistent cash flow are keys to growth, so it is vital to understand the steps to improving and retaining capital. (more…)
- Published in Business Growth, Invoice Reminders, Invoice Tracking
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