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

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

Financial Dictionary

What Do These Business Financial Terms Mean?

There’s a lot of confusion when it comes to business financing options as financing services companies can get creative with the names they use to describe the types of financing they offer. Part of that is for a good reason. Not all small business owners know what kind of financing they want or need especially when banks don’t come through.

Because of this, financial services companies use simple terms such as flexible funding or flexible financing. Invoice financing, accounts receivable financing and MCA funding mean little to business owners. Small businesses know they need working capital to help with cash flow. Here are the common terms to help you navigate the murky waters of financing.

Continue reading

Oil Rig

How You Can Improve Cash Flow with Flexible Financing

Are you or your employees growing frustrated with the administrative part of your jobs in chasing down late payments from customers? How much more working capital would your business get if it stopped spending so much time tracking down customers to pay for services rendered or products delivered? What would you do with the cash if you have it sooner?

Continue reading

Phones

7 Ways to Increase Cash Flow Without New Clients

A company’s executives came across excessive cell phone bills, so they asked their manager to review the bills. Naturally, the first thing most people thought was that some employees may be abusing their cell phones to make personal calls. That wasn’t the case.

After doing a little detective work, the manager figured out that the high phone bills resulted from employees having different usage needs and working in different locations. One employee, a frequent traveler, racked up roaming charges whenever he traveled to another country. The company found a better plan to fit the employee’s usage and cut the bill by more than half.

Continue reading

small business and football

Better to Fail in Your Small Business Than Make the Safe Play

This post’s title sounds like a quote from one of those inspiring posters with a stunning photo and an inspirational quote. It’s true that it’s better to flop than to avoid something or play it safe in fear of failure. Do this, and it’ll be tough to grow your business.

“I can accept failure, everyone fails at something. But I can’t accept not trying.” – Michael Jordan

Continue reading

Rice snacks

Here’s an Easy and Cheap Way to Grow Your Business

I bought a product at a store that I visit about once a year. The store is pricey, but has unique products that I can’t find anywhere else. It’s not far, but it’s not as close as its competitors. While there, I always pick up pop snacks. They’re tasty and you get a big bang for the munch in a single pop.

On this visit, I brought home a few flavors. All of them were their tasty, crunchy selves except one. Every bite lacked crunch as if it was past its sell-by date. (It wasn’t.) And both bags of the same flavor had the problem. Considering all the other flavors were good and it was the first time I had experienced this, I emailed the store.

Continue reading

Risk-Free Guarantee

If you are not absolutely delighted with our service within the first 30 days of funding, you can leave and get 100% of your fees refunded to you. NO QUESTIONS ASKED!

X

Call Us At 800-499-6179

Get Flexible Funding In 7 Days or Less

Fill out your information below for your FREE 30-minute consultation: