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title: "Your Cash Flow Newsletter: Tips, Updates and News for May 2021"
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| Newsletter The Cash Flow Factor \| May 2021 Newsletter View this email in your web browser |
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| Startup Survival Hi there, If you own your own business, you know that keeping your business afloat isn't always easy. In fact, the first few years of running a startup are often the most difficult.  Whether you're dealing with a tight budget or a dried up cash flow, your business doesn't have to go under at the first sign of trouble. Here are some tips for new business owners on dealing with cash flow stalls: Plan ahead - Look at your business history to estimate how many sales you'll make in the next month. Cash flow forecasting can help you prepare for slower seasons.  Measure your progress - Don't start flying blind. Record your company's metrics, regularly compare them to your goals, and adjust accordingly. Assess resources - Take stock of your resources (employees, office space, etc.). Consider cutting back on physical space or crowdsourcing projects to save money. Consider factoring - Working with upfront capital can give you time to adjust your business plan while still operating efficiently. No matter what the economic climate looks like, it's always wise to stay on top of your business processes and operations. Predicting cash flow stalls can help your business survive even the worst of times.  Thank you, Daniel Eke Factor Funding Co. Visit Our Blog → From the Blog Managing Business Debt: What Small Business Owners Need to Know Working for yourself in a startup has many advantages; you can set your own hours and determine what services or products you want to sell, as well as how to sell them. However, managing a small business is often a financial challenge. Many small business owners face debt, especially in the first few years. Read More → The Ultimate Guide to Repricing Your Services Every business owner knows that pricing can make or break a company. The price of a product or service tells consumers what level of quality to expect and the value you place on your own services. Pricing too low can put you below your bottom line, while pricing too high can scare business away. Read More → Around the Web What is Cash Flow and Why is it Important for Small Business? Think of cash flow as the blood running through the arteries of your small business. You use it to do those important things that keeps everything moving like buying stock, covering expenses and paying staff. Read More → Small Business Strikes Back State-wide shutdowns and shelter-in-place mandates due to the pandemic have taken a disproportionate toll on small businesses. To spotlight the army of entrepreneurs throughout the country, Forbes is debuting the Next 1000 initiative. These are the small-scale entrepreneurs with outsized ambitions. Read More → Industry Events Small Business Expo Small business conference Virtual shows See the 2021 tour schedule Read More → Small Business Leadership Conference Small business conference JW Marriott Orlando, Grande Lakes Orlando, FL June 9-11, 2021 Read More → |
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