Capital Solutions Bancorp Blog

7 Tips to Grow Your Business

Capital Solutions Bancorp — Wed, 24 Jun 2009 19:50:00 -0400

The economy is not an excuse for becoming stagnant. Many businesses are growing today. Yes, today. Many of today's big and successful businesses were founded in tough times. Need names? Here you go: Microsoft, Apple, Adobe and Southwest Airlines.

I'm not saying ignore the economy and go about your business. Rather, I'm suggesting you take a look at your business in the following seven ways. These will help you grow your business and cash flow.

The Effects of Making Late Payments

Capital Solutions Bancorp — Tue, 23 Jun 2009 00:24:46 -0400

A business that chooses to pay its employees and vendors late instead of taking out a line of credit to get the needed cash flow will experience more problems as opposed to avoiding interest by not taking out a line of credit. Not taking out a line of credit for paying bills and making payroll causes the following problems:

Starting a Business during Tough Times

Capital Solutions Bancorp — Fri, 19 Jun 2009 11:49:02 -0400

Think the gloomy economy is the worst time to start a business or to add new products and services? Think again. Microsoft, Apple, Adobe, Southwest Airlines, JetBlue and Method (environment-friendly soaps and household cleaners) all came to be during an economic downturn.

How in the world do such companies manage to thrive when starting up during bad times? A blasted economy offers several advantages for new companies:

Invoice Your Way to Cash Flow

Capital Solutions Bancorp — Mon, 15 Jun 2009 11:42:24 -0400

How you handle your business invoicing process can affect your cash flow. As I've said it many times in this blog, cash flow keeps your business going. It doesn't matter how well a business is doing, it's possible to lose it all due to poor cash flow management.

A Factoring Tale

Capital Solutions Bancorp — Sat, 13 Jun 2009 00:20:00 -0400

James was in the oil and gas business. He sold equipment to oil and gas companies that need to replace broken or missing parts. One day, another business owner approached James with a fabulous deal, the kind you couldn't pass up.