Crowdfunding is when you raise capital from the ‘crowd’, or the general population. It’s usually facilitated by online platforms such as www.kickstarter.com and www.indiegogo.com (ask your industry networks or search online for what may match what you’re doing). It allows businesses the freedom to raise capital from a range of people: investors, customers, colleagues, peers,… Continue reading Crowdfunding explained
Why outsourced accounting helps nonprofits stay compliant
Running a nonprofit requires a delicate balance between advancing your mission and managing day-to-day operations. One of the most time-consuming and detail-oriented tasks is bookkeeping. For many small to mid-sized organizations, internal bookkeeping can quickly become overwhelming, especially when staff wear multiple hats. Outsourcing bookkeeping can be a practical solution. It allows nonprofits to maintain… Continue reading Why outsourced accounting helps nonprofits stay compliant
Avoiding credit card fraud
Safeguarding your business against fraud is important, particularly if your business accepts credit cards. While credit card fraud may always be a concern, it is something you can protect yourself against to reduce your risk of losses. Preventing the cause of fraud If you can and it’s appropriate, avoid the chance of any credit card… Continue reading Avoiding credit card fraud
Your guide to equipment finance
Investing in new fixed assets such as machinery, vehicles, technical equipment, or property can be a critical step in growing your business. You’ll generally need to choose between using cash reserves or seeking finance. While using cash avoids interest costs, financing allows you to spread the cost over time, keeping your cash available for other… Continue reading Your guide to equipment finance
Alternatives to a business loan
Many businesses need to raise extra capital or funding at some stage in their growth. The first task is figuring out how much you need, and what it’s for. For example, you could be aiming to increase capacity by investing in new equipment or expanding your facilities. Or you might be planning to buy a… Continue reading Alternatives to a business loan
Funding change in your business
Running a small business comes with constant challenges, from changing customer demand and rising costs to market shifts and economic uncertainty. Sometimes, these pressures mean that parts of your business may no longer contribute to long-term growth. In these situations, restructuring can be a practical way to protect your business, refocus resources, and build resilience… Continue reading Funding change in your business
Common scams to avoid
An online scam is any scheme delivered through digital communication channels that aims to steal personal information or defraud people of money. Being aware of potential scams is essential to protect your business, yourself, and especially your employees. Cold calling scams These scams involve callers attempting to impersonate a legitimate organization or government agency to… Continue reading Common scams to avoid
Why consider a business checking account
A business checking account is designed to separate personal and business finances. While some small business owners may be tempted to use their personal account when starting out, there are clear advantages to opening a dedicated business checking account, along with a few drawbacks to consider. Unlike a personal account, a business checking account is… Continue reading Why consider a business checking account
How better financial reporting helps you grow faster
Every business will have a particular way of tracking and measuring how its business is performing. If you can identify when key indicators deteriorate to a level that causes concern, you can take early action. The easiest cash flow warning trigger tends to be your monthly sales revenue; when it falls below a certain amount,… Continue reading How better financial reporting helps you grow faster
What you need to know about closing or liquidating your business
Closing a business is a major step, and whether you’re winding up voluntarily or liquidating a business due to financial pressures, the process involves more than just shutting the doors. The process requires careful planning, attention to legal requirements, and clear communication with employees, customers, and creditors. From filing tax returns to distributing assets, each… Continue reading What you need to know about closing or liquidating your business