Financial Clarity for Entrepreneurs

Category Archives: Cash Flow

Your LLC Is Wasting Money

March 8, 2008 8 Comments

Edit for clarification – By default, an LLC is treated for tax purposes as either a Sole Proprietorship (single owner LLC) or a Partnership (multiple owner LLC.)  You can, however, elect to be treated as a corporation and then elect that corporate status to be S Corp.  These are two separate elections and the IRS […]

Use A Credit Card For Cash Flow Improvement

January 7, 2008 2 Comments

Proper use of a credit card can gain you an extra 30 or 40 days of float on your accounts payable – WITH NO INTEREST EXPENSE. Most small business owners are no strangers to credit cards.  They are often the borrowing of choice for things that a line of credit would usually be used for […]

15 Things You Can Do To Get Paid Faster – Part 7 (and final)

November 12, 2007 5 Comments

If you’re jumping in mid-stream, Part 1 (with the complete list) can be found here. 15) Make Collection Calls as Soon as Accounts Are Late If you’ve done all the other things to insure prompt payment this shouldn’t happen very often.  But, in spite of your best efforts there will be times when a customer […]

15 Things You Can Do To Get Paid Faster – Part 6

October 17, 2007 5 Comments

If you’re jumping in mid-stream, Part 1 (with the complete list) can be found here. 12) Accept Payments Electronically The most common methods of electronic payment available to small businesses will be credit cards, PayPal and check-by-phone/check-on-line.  All of these methods have costs involved, but having the cash in your checking account sooner can make […]

15 Thing You Can Do To Get Paid Faster – Part 5

September 14, 2007 4 Comments

If you’re jumping in mid-stream, Part 1 (with the complete list) can be found here. 8) Get Up-front Deposits This is the ultimate in getting paid faster.  Attorneys have been doing it for years with retainers.  Custom manufacturers that have to buy raw materials for their customers’ jobs also do it.  So can you. The […]