How to Finance Walmart Vendor Contracts

walmart sign

Becoming a Walmart vendor and winning an order can be a great thing for any business owner. Walmart is one of the biggest companies in the world and is known for placing large orders. If serviced strategically, Walmart is the type of client that can really help your business grow to new levels. However, large orders […]

Eight Growth Hacking Tools for Your Startup

growth hacking

Every successful startup (or large business for that matter) is doing growth hacking. They may call it that, or they may call it something different. But one thing is certain – they are doing it. That is one of the reasons why they are successful. The only rule of growth hacking In growth hacking, there is […]

How Much Money Should Your Business Keep in Reserve?

cash reserve

One of the most important things that long-standing, successful businesses have in common is a cash reserve. A cash reserve can help you pay employees and suppliers during hard times. It can help keep things moving if clients start paying slowly. It can help your business take on new growth opportunities. And it helps your business […]

Best Ways to Prepare Your Business for a Recession

graph showing a recession

As the saying goes in lending circles, the best time to borrow money is when you don’t need it – when things are going well. There is an element of truth to this adage. The same goes for business planning. The best time to prepare for a recession is when things are going well. This strategy allows […]

The Facts About Startup Business Lines of Credit

business line of credit

Lines of credit are one of the most misunderstood subjects among startup founders and entrepreneurs. It’s not their fault. Most of the information out there is too generic to be actually useful. And, in some cases, it’s even outright inaccurate. So here’s a primer on startup lines of credit. You are going to learn: How they […]

Why Your Small Business Should Sell to the US Government

government purchase order

One of the most overlooked business opportunities for small business owners is selling to government agencies. It’s easy to see why it can be overlooked by some. For many, the process seems tedious and complex. And there is often a lot of competition by larger, better-funded, and more experienced companies. So, why bother? Actually, the government […]

Offering Net-30 Terms? Will Your Client Pay on Time?

past due invoice

One of the many challenges that small business owners face is having to offer net-30 to net-60 payment terms to clients. While offering net-30 terms can help you increase sales, it also exposes your business to credit risk. Basically, your company could run into cash flow problems if your client pays late, or worse, doesn’t pay […]

Should Vendors Offer Early Payment Discounts to Clients?

early payment discount

Many small companies get into cash flow problems because they have difficulties managing their client payments. Most commercial clients pay their invoices in 30 to 90 days. That is not a problem if your company has a large enough cash reserve to cover expenses. However, if you don’t have a cash reserve, you have a problem. You […]

How to Beat Walmart if You Own a Small Business

foot over head

Some time ago, rural business entrepreneur Becky McCray from the Small Business Survival blog posted an article about a reader who lamented that wholesalers charged high prices to small-town retailers. She wondered if anyone knew strategies to get wholesalers to lower their prices. It didn’t take long for the conversation to turn into the common subject of how small businesses, rural or not, […]