Blog Archives

Is working with a partner right for you?

If you’re about to launch a new business or are thinking of expanding an existing one, one of the first questions to ask yourself is whether you prefer to work alone or with a partner. There’s no one answer to this question, since there are advantages and disadvantages both of working alone and of partnering. […]
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What do you really know about accounting?

One of the first steps you have to take when you open a new small business is to hire an accountant. Most of us don’t know much about accounting, so we tend to trust the professionals implicitly. But it’s important to remember that your business’ financial future is at stake and to educate yourself about […]
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Small businesses and finances: 20 surprising facts

How are other small businesses managing their finances, what challenges must they overcome and what financial decisions have led them to success? A survey from CFED seeks to answers these questions [http://cfed.org/assets/pdfs/Understanding_the_Financial_Vulnerabilities_of_Michrobusiness_Owners_BRIEF_Updated.pdf], so that you can avoid pitfalls and incorporate the more successful ideas into your business. Until now, what has been known about microbusinesses […]
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5 tips for getting clients to pay you on time

Relationships with clients must be nurtured carefully so that the clients come back to you for more work and refer you to others for similar projects. The success of the services you deliver is often measured by the emotional connection the client has developed with you. Unfortunately, the client-business owner relationship can be damaged, sometimes […]
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What to do when a client won’t pay up

Pretty much every freelancer, consultant and independent business owner has come into contact with clients who, for one reason or another, don’t pay for products or services in a timely manner. This can be painful, especially for a small business, since it interrupts cash flow and makes it more difficult to honor commitments. Telling a supplier, […]
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Do you really need a merchant account?

When you set up your payment gateway to receive online payments, you may be required to open a separate merchant account, or it may be optional, depending on various parameters relating to your business and banking setup. If you’re wondering whether this is something you actually need or want, we’ve got some helpful guidelines. Hold up […]
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5 finance tech disruptors to watch in 2014

The world of online and in-store payments has been changing rapidly in the past few years. Developers, financial institutions and innovators are looking at new ways to pay and collect payment, boost sales and save more. We’re clearly currently in a transition period where everyone’s figuring out what makes sense when it comes to paying […]
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