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Finance

Striking the Balance

While obtaining business financing is easier than ever, companies must carefully evaluate the amount of debt they can safely manage to avoid the risks of excessive leverage and ensure long-term stability.

Flexible Strategies for a Shifting Economy

You can’t predict, but you can prepare for a 2024 environment full of uncertainty and potentially extreme outcomes.

Your Business Should Have a Cash Reserve

A cash reserve is an essential component of a resilient business. It is your most important financial tool to ensure smooth operations.

Which Customers Qualify for Net-30 Terms?

Recessions increase the number of net-30 on invoices that turn into bad debt, but a simple method can catch them before they become a cash flow problem.

How and When to Use Financing

Tips and tools to help you navigate increasing inflation, interest rates and risk.

Labor, Inflation, Supply Chain

Companies in the construction industry are facing one of the most complex business environments in the past two decades. Get actionable suggestions to emerge from five current economic challenges as a stronger business.

ODL Inc. Names Dan Volkema Vice President of Finance

Building products supplier ODL Inc., which specializes in decorative and clear door glass and other privacy solutions, has named Dan Volkema vice president of finance, according to a company statement released March 17, 2022.

Architecture Firm Billings Continue to Grow in June

Architecture firms reported another month of extremely strong business conditions in June, with an ABI score of 57.1, with any score over 50 indicating billings growth.

Total Construction Starts Slip in June

Total construction starts lost 7 percent in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics. All three major sectors―residential, nonresidential building, and nonbuilding―pulled back during the month.

Should You Refinance Your Company’s Debt?

An owner can often get a good idea if their company could benefit from refinancing by asking four targeted questions.

3 Financial Strategies for Uncertain Times

The Bottom Line We are in a unique time where there is uncertainty but also access to relatively cheap financing. This environment allows companies to improve their safety net, and potentially profits, by leveraging financing. It also allows them to improve cash flow by leveraging vendor…

Financing Big Orders

Getting a large order can be either a blessing or a source of major problems for a company. It’s an obvious blessing if the company has the resources to fulfill it. However, if the company doesn’t, large orders can create havoc. It must scramble to find the resources to fulfill it. This task is…

Client Bankruptcy

Always avoid clients who are in a shaky financial position. They are prime candidates for bankruptcy. This advice may sound obvious, but few companies do anything about it until it is too late. This article presents strategies to detect and avoid potential client bankruptcies. But before…

Is Your Glass Company Recession-ready?

There is growing concern that the United States is entering a recession. The decade-long recovery may be losing steam, and the economy may experience a contraction. At least, that is what some experts, and many TV pundits, say. Conversely, many experts are looking at the same or similar data and…

Payroll Financing Solutions

The primary responsibility of a business owner or company manager is to make sure that employees are always paid on time. Nothing erodes company morale and employee goodwill more than missing payroll.  In my experience financing distressed businesses, few companies ever recover from missing…

Strategies and Negotiation Tips for Early Payment Discounts

One strategy to entice clients to pay sooner is to offer an early payment discount—usually a 2 percent discount if they pay within 10 days. A previous article in the October 2015 issue, “When to Offer Early Payment Discounts,” addressed considerations for suppliers. This article presents the…