Bankruptcy is a word that no one likes to use — especially about themselves. However, even successful businessmen and women — and entrepreneurs, in particular — often face the risk of declaring bankruptcy. If you find that you have had to declare bankruptcy either for your … [Read more...]
How To Mitigate Your Business’ Financial Loss Amidst the COVID-19 Pandemic
Infecting more than 3 million people across the globe and expected to spread further, the COVID-19 pandemic has weakened public health systems and rendered even the most advanced country vulnerable--not only in the aspect of medical care, but also in terms of economic … [Read more...]
5 Mistakes Businesses Make When Managing Accounts Receivables
Managing accounts receivables is a tough task, but it is one that should be done consistently and effectively. When you make mistakes, you could affect your company’s financial standing and even the relationships you have with your customers. This article highlights the key … [Read more...]
Why Financial Planning Needs To Be A Pillar When Helping Your Business
As of 2019, there were 500 startups in the Philippines, and there will be hundreds more to come. However, even though the climate encourages new entrepreneurs to invest and current business owners to grow, 3 in 10 of these businesses will fail within the second year. One … [Read more...]
How to Establish Business Credit for the First Time
Getting business credit might seem like an impossible task if you’ve never applied for funding in the past. Admittedly, it is a lot harder for small business owners or new businesses looking for first time business loans. This is because banks prefer businesses with perfect … [Read more...]
5 Crucial Things to Consider when Searching for a Financing Solution for Your Business
However passionate you are about your industry, and however driven by immaterial rewards in life you might be, there is no denying that money will dictate your company’s present, as well as its future. For better or worse, money makes the business world go ‘round, and you … [Read more...]