Ideas, information and insight on “all-things-business” from the financial experts at Capital Solutions Bancorp.

Take small steps to get cash flow

8 Easy Ways to Find More Cash for Your Business

In One Small Step Can Change Your Life: The Kaizen Way, author Robert Maurer told the story of an employee who saw his metal shop coworkers throwing out scrap metal. When the company posted a suggestion box with a simple question, the worker submitted one to sell the scraps. The company implemented the idea and found an easy way to get more cash.

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MCA like sharks

Why Merchant Cash Advance Actually Hurts Cash Flow

On the TV show “Shark Tank,” business owners typically ask for funding in exchange for equity. When a product catches the eye of Kevin “Mr. Wonderful” O’Leary, he likes to counter with a complicated deal consisting of royalties and fees. Sometimes royalty in perpetuity comes attached to the offer. Smarter entrepreneurs turn him down flat because it takes away money they could reinvest in the business.

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Bank drive-thru

What You Need to Know About Small Business Loans

I’ve been with my local bank since I was a teen. While opening a bank account isn’t too exciting, the exciting part was the thought of being able to write checks to pay for things. (Not anymore!) Recently, I emailed my bank contact to request a debit card who sent a friendly reply. After a little back and forth, she said she knew of me. How? I lived an hour away from the bank, so all my transactions were online or by mail.

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Financing questions

Questions to Ask When Seeking a Small Business Loan

You have many options to get working capital for your small business to ensure you have enough cash flow. Here are common questions to ask to help you find a small business lender that best meets the needs of your company.

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Small business tools apps and software

15 Essential Software, Apps and Tools for Small Businesses

Hundreds of thousands of software, apps and tools simplify and speed up tasks for small business owners and their employees. However, finding the right tools can be overwhelming for even the tech-savviest people.

Many tools are available as monthly or yearly subscriptions, and those can add up fast. Your small business’ need may not need feature-rich and expensive tools to get the job done when free or low-priced alternatives will suffice. This list contains free and affordable options.

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Time management

5 Time Management Tips for Small Business Owners

When small business owners are at their desk, they often feel like they don’t spend enough time on revenue-producing activities. They take care of payroll, track down late paying clients, balance the books and check email frequently. They’d rather spend more time connecting with clients, bringing in new clients and finding ways to grow business.

We all have the same amount of time in a day. It’s enough to get work done, get rest and do something away from work to clear out the brain’s cobwebs. Here are five time management tips that you can do right away to gain more time doing the things you enjoy and boost revenue.

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cash flow statements

What You Need to Know About Cash Flow Management

Your small business could have all the clients it wants and be profitable. Yet without cash-on-hand, things could fall apart in an instant. Profits don’t guarantee you’ll always have cash to pay employees, purchase supplies and take care of your vendors. The good news is that you can control your finances to ensure cash is always available. It begins with understanding how cash goes in and out of your company.

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dollar origami

Trends in Small Business Cash Flow Management and Payment Practices

A few eye-opening trends have emerged in the Atradius Payment Practices Barometer survey that will help you stay on top of your B2B company’s cash flow. This survey looks at corporate payment behaviors in the Americas.

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Aim Higher by Motivating Employees

10 Ways to Motivate Employees and Increase Profits

A project manager compliments a colleague for good work on a project. A manager leader puts an employee in a leadership role for a project. The team takes a day away from work to do volunteer work for a nonprofit organization. The company holds a picnic at a park on a beautiful day.

All these have employees holding their heads higher, smiling  and empowering them to achieve more. Not a single one involved money. An engaged workforce will worker harder to navigate bumpy roads and reach goals.

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small business loan bank

Get a Small Business Loan or Working Capital Without a Big Bank

Many small businesses avoid seeking loans, but not for the reasons you think. According to a Sageworks survey, business owners opt not to pursue small business loans because they don’t want to take on debt (62 percent) or think they won’t get approved (24 percent).

Data from the Federal Deposit Insurance Corporation (FDIC) shows that small business lending — for loans less than $1 million — has dropped between 2008 and 2012. It has yet to see improvement since.

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