finance

Three Ways the COVID-19 Crisis Has Affected Corporate Travel and Entertainment Expense Claims

In a few short months, COVID-19, also known as the coronavirus, has permeated every aspect of our lives and completely changed how (and which) businesses operate. Business travel and entertainment have come to a standstill. Many companies have switched almost entirely to working from home to enforce social distancing or comply with mandatory shelter-in-place mandates. As the economic landscape becomes increasingly uncertain, many companies have been forced to take difficult actions to cut spending as they endure a severe downturn of unknown length.

How New Technology Can Help Construction Finance Professionals

Historically, the construction industry has been one of the slowest to adopt new technology, lagging only behind agriculture in digitalization. But that’s changing as software entrepreneurs turn their attention to the needs of the deskless workforce. The ubiquity of mobile devices, cheap and powerful cloud computing, 5G, and the Internet of Things (IoT) are all making it possible to put robust technology into the hands of deskless staff, including construction workers. The venture capital industry has taken notice—funding for construction technology has seen a steady uptick since 2013...

Why Companies Should Consider Third-Party POS Financing

Offering free access to credit at the point of sale (POS) is a powerful business-generating tool for companies of all sizes. However, not all companies have the working capital available to offer in-house financing programs. Partnering with a third-party POS financing platform is an attractive solution but finding a partner with competitive rates and reasonable implementation costs can be a challenge...

Why Raising Capital Isn’t Everything

When is the right time to raise money? That’s probably one of the most common questions that I get asked by entrepreneurs. There is a process I go through when deciding whether to spend my time raising capital or making money. This process is typically followed by a series of questions which include; When do I decide to take in money? How much equity am I actually willing to give away? Do I need to take on debt? It’s very common that people get excited about not using their own money, but a lot of times, as a result of not using their own money, people end up losing control of their entire company—sometimes without realizing their mistake...

The Four Forces of Cash Flow

The problem with cash flow is that it lags behind profit for most businesses. Unless your customers pay you and you pay your vendors at exactly the same moment,...

The ‘Wisdom’ of Borrowing

Borrowing money is often a necessity for a growing and expanding a new business, but it’s also one of the least understood parts of business management. So, wha...
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The Entrepreneur Wealth Cycle

Most entrepreneurs fall for the idea that the only way to build wealth from their business growing is to sell it. Since very few sell for the mega millions they...