Optimizing Cash Flow When Inventory & Receivables Tie It Up

Written by the experts at American Express When inventory management ties up your cash and adds warehousing costs, credit moves can free up cash flow. Here are some ways every entrepreneur can optimize cash flow: PLAN FOR SEASONAL PEAKS Your business has higher demands at specific times of the year. To be ready to sell…

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4 Reasons to Accept Electronic B2B Payments

b2b electronic payments with AMEX

Is your company accepting electronic payments from other businesses yet? If not, here are four good reasons to get started and help you grow your business. Reduces Your Risk Accepting electronic payments allows you to grow your business faster as it minimizes the risk of fraud associated with cash sales to unknown purchasers. Reducing paper…

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Wealth Mindset: Ideas for Creating New Streams of Income

woman holding piggy bank income streams

There is a stat floating around the internet stating that the average millionaire has 7 streams of income. If you’re not a millionaire yet, this likely begs the questions, what is considered a stream of income, and how many do you have? When researching income streams, you will discover that there are active streams and…

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Still Waiting for That Cheque? Here’s How to Get Paid.

Written by Cate Barker The 12 years I spent as a work-from-home mom were some of the most satisfying of my life. Working for myself meant I could set my own hours, writing during the mornings when my son was at daycare and at night after he went to bed. It also meant I could…

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Cash Flow Tips for Busy Entrepreneurs

cash flow

By Danette Harkness Senior Manager, Small Business Banking, Coast Capital Savings What doesn’t kill you may make you stronger, but a negative cash flow will definitely kill your business. Cash flow is your business’ lifeblood, and understanding its behaviours can dictate whether you’ll make it or break it – so take control of your finances!…

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