Startup Survival

Hi there,

If you own your own business, you know that keeping your business afloat isn't always easy. In fact, the first few years of running a startup are often the most difficult. 

Whether you're dealing with a tight budget or a dried up cash flow, your business doesn't have to go under at the first sign of trouble. Here are some tips for new business owners on dealing with cash flow stalls:

• Plan ahead - Look at your business history to estimate how many sales you'll make in the next month. Cash flow forecasting can help you prepare for slower seasons. 
• Measure your progress - Don't start flying blind. Record your company's metrics, regularly compare them to your goals, and adjust accordingly.
• Assess resources - Take stock of your resources (employees, office space, etc.). Consider cutting back on physical space or crowdsourcing projects to save money.
• Consider factoring - Working with upfront capital can give you time to adjust your business plan while still operating efficiently.

No matter what the economic climate looks like, it's always wise to stay on top of your business processes and operations. Predicting cash flow stalls can help your business survive even the worst of times. 

Thank you,

Daniel Eke

Factor Funding Co.