Increased competition can stall business growth, especially for small and medium sized businesses. Without strong sales, a company’s future is at stake. Growing your business is not easy; the dedication and perseverance needed can be overwhelming. But understanding how to manage growth and profitability is key to ensuring longevity. (more…)
Your small or medium sized business can suffer quickly, with long-lasting repercussions, if even one payment is missed. Your cash flow depends on a steady stream of reliable payments from your clients. How do you know when it’s time to hire a collection agency to deal with your outstanding invoices, and what sorts of things should you be doing before that step is even considered? You have legitimate receivables that need to be collected for the sake of your company’s financial health, and a collection agency is a great option when you can no longer do it yourself. (more…)
Whether it’s the seasonal ebb of low cash flow, or a more pressing problem that is weighing on your business, money crunches are tough for everyone involved. Your debts may be too high to correct, or your margins too low. Perhaps it’s your current sales volume. More than a need to simply chase invoices and offer incentives to entice prompt payments, these times of negative cash flow are more complicated and more detrimental to the health of your company. And cash flow management is as important as liquidity. (more…)
Have you been wondering how to grow your business? These business apps can help.
We all know how much time and effort is needed for budgeting, banking, employee management, accounting, marketing and customer service. It’s time to let technology work for you, so you can take some time to focus on more important tasks. (more…)
Careful tracking and maintenance of your invoices is an essential piece of increasing both profits and the amount of billable hours in your law firm. The features of Invoice Tracker include everything you need to not only ensure your sensitive data is being safely and accurately tracked and saved, but also to keep cash flowing. Studies show that an average legal professional’s billable hours are on average just 29% of each day. With statistics like that, your law firm needs the automated and customizable email set reminders, real-time insights, and invoice tracking capabilities that Invoice Tracker offers. Add this software onto your current accounting software to keep your firm ahead of the game! (more…)
If you’re a small or medium sized business or freelancer, invoicing can feel tedious, but it is essential in maintaining a positive cash flow. Being paid on time means that you need to be proactive in establishing a system that works with your clients’ needs as well as your own, and certifies you as a professional.