Small business owners need to be more careful about their cash flows today more than ever. The pandemic has permanently closed almost 98,000 businesses throughout America alone. The global repercussions of this pandemic are unbelievable, especially to small businesses. Even before this unprecedented crisis, experts estimate that 82 percent of business shut down permanently due to poor cash flow. A business can suffer from insufficient cash flow for many reasons. A business could have fewer customers than ideal. Or it could be spending too much on their operations. If you want to be a successful entrepreneur, you need more than inspiration from the best movies about business. You need to decrease the operation cost of your business. This way you can save these resources for emergencies or use them to bolster other parts of your business. Here are 7 ways to cut costs and streamline your business’s expenses. Continue reading

Things have changed a lot over the past year, many of us have been affected in ways we could not have predicted. Even well managed businesses are struggling to stay afloat because of the lockdowns and the changes in people’s behaviour. There are many reasons people arrange to get a short-term loan. And this year there are more than ever. Continue reading

Startups are risky, but they have the potential to turn an idea into a successful business and bring in massive profits. This is why; the seasoned investors are looking forward to investing in the tech startups pre IPOs. The world’s top businesses, including Apple, Microsoft, Amazon, Facebook, and other tech giants that top the Forbes’ list, are all tech startups. Considering their ability to offer substantial financial gains, tech startup companies are popping, offering great investment opportunities. And, investing in a pre-IPO tech startup is an even smarter choice that gives an exceptional output. Before we discuss tips on choosing the right pre-IPO startup, let us see why investing in it makes sense. Continue reading

The coronavirus pandemic has shaken the world and caused industries all around to take drastic measures and take on major shifts in order to survive the ordeal. As the world’s economy takes a hit and much of society hits a standstill, many companies have taken losses and there have already been countless unfortunate tales of closures, bankruptcies, and the like. If your business is managing to get by now, it would be best to start thinking of different ways to improve your system in order to prevent such catastrophic conditions from catching up. Innovative technological approaches such as ServiceNowimplementation are great options for businesses that want to improve and already have plans to take on the aftermath of COVID-19. Of course, as with any plan of action or strategic implementation of new systems, there need to be direct and specific goals to hit in order to succeed. Here are some factors that will need to come into play when the recovery work begins. Continue reading