Larry LaChance

Making a Profit But Have No Cash?

Making a Profit But Have No Cash?

For a business to succeed, it must generate profits but also operate with positive cash flow. For a business to be viable, cash flow is king. So having a high profit is great. But low cash flow results in a profitable business unable to pay its bills. There is a solution. Let’s look at a couple of areas of your business where you may be able to find a solution.

Employee Theft, Fraud and Embezzlement: Prevent Hiring Mistakes

Employee Theft, Fraud and Embezzlement: Prevent Hiring Mistakes

When it comes to employee theft, fraud and embezzlement, sometimes there is no recovery. Unfortunately, the reality is that the court system will not be able to help you in recovering any losses, even after spending thousands of dollars in legal fees. I’m sure you have heard the phrase, “An ounce of prevention is better than a pound of cure.” No truer words have been said.

Small Business Financing in a Tough Lending Environment

Small Business Financing

Every business in America, whether they realize it or not, needs financing to fund growth strategies for their business. However, given the tough lending environment, small business financing is not always easy to find. There are the conventional sources such as banks and finance companies. There are also what are considered unconventional sources such as owner’s savings, friends and family or credit cards.

Pre-approved Loan – Borrower Beware

If you have tried to obtain bank financing in the past, you know that getting financing for your business is not that easy and not that quick and not that cheap. Banks also require collateral. So why would a total stranger, who knows nothing about you or your business, offer you such a sweet deal?

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