Operating a successful business requires constant adjustments to how it operates. During times when an economic downturn seems likely, appropriate changes to company operations can help the business whether the upcoming financial storm. Accounts receivable or unpaid...
Month: September 2022
Invest in your business by investing in your relationships
Your business wouldn’t run without the support from your customers, employees, investors, vendors and outside advisors. As the economy gets rough, many of your valued relationships may be struggling. This may be the perfect time to reach out and see if you can lend a...
When is it appropriate to renegotiate terms with long-term vendors?
As you’ve established your business over the years, you’ve made several useful contacts. You’ve been dealing with the same vendor for some time now and think it’s time to negotiate a new deal. Business negotiations are rarely easy, and both sides may not have the...
Tips for business divorce and restructuring
Companies sometimes cease operations to do some restructuring. This can occur for various reasons, particularly if partners go their separate ways instead of continuing the partnership or when one larger company splits into smaller companies. Both situations are...
How can I capture a new market share without breaking the bank?
Your business has gained ground in recent years and this is a trend that you want to continue. A large part of your success comes down to your ability to manage your finances but still remain competitive. You are looking to tap into a larger share of the market space...
Will alternative services or products help weather a recession?
The United States is very likely heading into a recession or is in one already. This is going to have a drastic impact on businesses all over the country, just as it did back in 2008. You may be trying to think of ways to weather this recession and keep your business...