A sample of three of the major Small Business Ratio terms to know: cash flow, liquidity, and “quick or current ratios”.
Pages from the ProStrategix Blogs that fall under the category of small business survival. All articles about survival contained within.
If you opened your small business at the start of COVID, you might be worried about survival. Here are some tips to give you hope!
Recession. Coronavirus. Elections. That’s a lot of stress for one year. So how are you planning on maintaining financial wellness in 2020? As all the chaos uncertainty of this year continues to build, it is really hard to keep your head over water. If financial wellness is something that you are… Read More »Maintaining Financial Wellness in 2020
20% of businesses fail in their first year. Half are gone by year 5. These are the statistics from the U.S. Bureau of Labor Statistics. Why is that? What are the main causes? In this post, we will explore six key factors of failure in detail. Learn to avoid these pitfalls, and more importantly see if you… Read More »Why Do Some Businesses Fail? Six Key Factors
Risk-taking is scary. But, it’s hard to grow without taking them. So, what are the top calculated risks tips for growing your small business? Read on and see to learn more about what calculated risk is and how to deal with it. Unsure of how to take… Read More »Our Top Calculated Risk Small Business Growth Tips!
When last we left Dante, we were discussing the situation was that left him needing to fight to stay in business. Now, we will look at what caused these problems, and how we can fix them before it’s too late next time. For Dante, his restaurant’s… Read More »Dante’s Inferno – The Restaurant Issues Causing Problems
Small business struggle in a strong economy for two simple reasons: talent and time. Not time in the sense of hours in the day, but burnout. Low employment numbers mean small businesses have to think about recruiting talent differently than in the past. And added… Read More »How Small Businesses Can Struggle in This Economy
According to SmallBizTrends, 3 out 4 of small business reported success last year. Were you one of them? If so, you have some planning to do. If not, you may have some fixing to do. The Success of Small Businesses is Key to Continued Economic… Read More »3 out of 4 Small Businesses Were Successes Last Year
Why do some small businesses fail while others succeed? We would like to build on the point raised in Mr. Nugid’s article “Avoid These 4 Big Reasons Small Businesses Fail” in Inc. magazine. Plus, we add others we’ve learned based on real-world experience helping small… Read More »Why Some Small Businesses Fail While Others Succeed
A merchant cash advance is a form of financing that should be avoided like the plague. Over the years, we’ve seen a number of struggling businesses fall victim to these predatory lenders. Try to avoid them. Barring some catastrophe, monitoring finances on a frequent basis… Read More »Why You Should NEVER Use Merchant Cash Advances