Getting out of small business debt

Getting out of small business debt

Managing debt in your small business is essential to maintaining the financial health of your business as well as preventing bankruptcy. Consider the following tips to ensure your small business debts do not spiral out of control: Reshuffle or remove expenses...
Chasing up payments from slow customers

Chasing up payments from slow customers

Following up on customers that don’t pay their bills is a nuisance, but unfortunately, it is part of running a business. There are ways you can protect your business and take action should a customer fail to pay you. Consider the following: Clear terms and conditions...
Make your credit card work for you

Make your credit card work for you

Not keeping track of your credit balance can be a hard but an important lesson many individuals can learn from. Thanks to interest and fees, many individuals may pay for more things than they care to admit. And with easily available credit cards on the rise, it is...
Getting customers to settle debts

Getting customers to settle debts

Good credit management is an important business strategy to maintain cash flow and stable finances. A cornerstone of managing credit is not only making sure an invoice gets paid, but gets paid on time. Before a debt recovery process commences (which may delay payment...
Benefits and risks of joint accounts

Benefits and risks of joint accounts

Joint accounts can be a great financial tool, but they can also be the source of conflict for partnerships. Before setting up a joint account, consider the following pros and cons to ensure you are both experiencing mutual benefits and avoiding unnecessary conflict....
Questions to ask before applying for a loan

Questions to ask before applying for a loan

A loan can be great help. It can assist you in achieving your goals faster, such as buying a house, purchasing a new car or getting your business up and running. However, there are many considerations to make before taking on a loan as choosing the wrong loan can...