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When it comes to the financial management of growing a small business, cash is king. However, when a gap between paying your suppliers and employees and receiving payment from customers occurs, maintaining a smooth operation can become a real challenge.

 
As a small business owner, you understand just how important it is to stay on top of cash flow and what a challenge that task can be. Without sufficient cash flow, it will be difficult to meet payroll, operate smoothly and meet your financial obligations.

 
The manufacturing industry has evolved in recent years, thanks to new technologies, methods and consumer needs and demands. Even so, one fact remains the same: manufacturing and distribution is a capital-intensive industry with large capital expenditures.

 
According to a recent study, there are 2.36 billion millennials and 1.9 billion Gen Zs worldwide. With a reputation of being both big and elusive, engaging these generations is proving to be quite the challenge.

According to a new survey from CreditCards.com, roughly 35 percent of small business owners say they have tapped personal funds – including personal credit cards and/or savings – to stay afloat.

At one time or another, every business experiences late paying clients. There are many reasons why customers don’t pay their invoices on time (or at all), from misplaced bills and being dissatisfied to unexpected expenses that tie up their cash.

While every industry has its challenges, the oil and gas industry is arguably one of the toughest to operate in smoothly for a variety of reasons.

The COVID-19 pandemic has pushed industries to rethink how they do business – the oil and gas sector is no exception. In a race to maximize efficiency, oil and gas companies are shifting from on-site specialists and embracing remote drilling and fracking engineers.

When the Paycheck Protection Program (PPP) was announced, small business owners scrambled to research it and find out if the funds could help them navigate the impacts of the COVID-19 pandemic.

As the COVID pandemic continues and economic uncertainty drags on, small business owners are having to think fiercely about their budget and assess the resources available to them. 

Without a doubt, we are living in a time when every penny moving in and out of your business counts.