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
Top Business Invoicing Concerns and What to do About Them
Invoicing is a task that can feel tedious and perhaps seem so straightforward as to not need a lot of attention. After all, it’s a standard task, and everyone has to do it, no matter how cumbersome. What’s the big deal, you might wonder. But businesses of all sizes need to understand how crucial this piece of operations really is, especially in terms of positive cash flow.
(more…)- Published in Invoice Payments, Invoice Tracking
When Is The Right Time To Outsource Your Accounting?
Feeling overwhelmed with financial and accounting tasks? Have you ever wondered when it’s time to outsource some of your bookkeeping?
As a small business owner, one of the most important decisions you can make is whether to keep your accounting in-house, or to outsource it to a specialist. (more…)
- Published in Business Growth, Invoice Tracking
It’s Tax Season! Top Tips For Getting Your Business Taxes Done Faster.
Do you find yourself wishing you had finished your taxes faster each year? Being quick off the mark means potential savings and reduces a whole lot of stress.
Filing taxes is obviously an important part of running your business, and can be overwhelming. Planning ahead, being organized, and getting them filed quickly means you can finish filing before the deadline, and focus on your business. (more…)
- Published in Business Growth, Invoice Tracking
Not Sure When You Should Be Invoicing Clients? Here Are Some Tips.
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.
Minimizing invoices is a good first step, particularly for startups. (more…)
- Published in Invoice Payments, Invoice Reminders, Invoice Tracking
The Top Five Tips for Reducing Expenses in Your Business
Reducing expenses is the fastest way to improve profitability for your business and reduce overall costs, in addition to improving the amount of money flowing in. By carefully analyzing and adjusting your current expenditures, it becomes easy to spend smarter and boost profits. (more…)
- Published in Business Growth, Invoice Payments, Invoice Reminders, Invoice Tracking
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