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

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 […]

How to Get Business Financing if You Have Bad Credit

Most entrepreneurs would agree that getting business financing is pretty difficult. However, trying to get business financing if one has bad credit is often nearly impossible. Part of the problem is that entrepreneurs often have unrealistic expectations, follow the wrong tactics, and look for funding in the wrong places. In this article, I discuss some options to help […]

Five Options for Companies that are Running Low on Cash

Running out of money is a common problem for startups and many small businesses. It’s one of the worst things that can happen to a business owner. Without money, you can’t pay salaries, vendors, or any bills. Unless you fix the problem quickly, you could go out of business. One of the greatest misconceptions about cash […]

How to Come up with A Ton of Great Business Ideas for Your Startup

For many would-be entrepreneurs, the process of coming up with a business idea can be daunting. Having the right idea is the first of many important steps along the path to entrepreneurship. It’s also one of the hardest steps – at least it was for me. To be frank, I wish I’d had a good idea-generation […]

Practical Business Lessons From my Daughter’s Lemonade Stand

My daughter had been asking me for three days straight whether we could put a lemonade stand in front of the house. She had that relentlessness that seven-year-olds have when they want something – and they want it now. As someone who has lived in Miami for many years, I can tell you that the […]

Should Vendors Offer Early Payment Discounts to Clients?

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 Ask Friends to Invest in Your Business

I have always believed that the best way to finance a business is through self-financing. It has a number of advantages, if you can afford it. The most important one is that you have complete freedom to run your business as you see fit. You don’t owe anything to anyone. As a matter of that, […]

SteamFeed: Inside a Growing Social Media Publishing Startup

If you are a blogger, or planning to start a blog as a business, you are going to love today’s interview. We are talking to DJ Thistle, Daniel Hebert, and Gerry Michaels who launched and operate SteamFeed. SteamFeed is a multi author site that focuses on “marketing, social media and truth”. But there is more, […]

How I Financed My Startup

I have started writing posts about my experiences launching Commercial Capital LLC, my factoring company. My last post covered how I changed industries to launch the company. In this post, I am going to tell you how I financed the company. By the way, this is not a tale of interminable venture capital pitches or […]

How One-Minute Meditation “Work Breaks” Boost Productivity and Creativity

I have been working on a little experiment. Like everyone, I take a number of breaks during the work day. During each break, I usually do one (or many) of these four things: Check twitter Check Facebook Check news/browse the Internet Go out and get some fresh air I noticed that while my breaks where distracting, […]