A study on invoicing conducted by Market Invoice, later rebranded as Market Finance, has revealed that around 60 percent of invoices are paid late. Given this reality and the importance of positive cash flow for your small business, the significance of a proper invoicing system cannot be understated. Getting paid on time is not entirely up to you, but there are several aspects of an invoice that you might be neglecting. And this could contribute to the late or non-existent...

A business invoice is one of the most crucial documents that an enterprise creates, as it directly affects when and on what terms they receive payment from their clients. It also assumes a huge role in business for reasons such as record keeping, business analytics, easy tax filing, and legal protection. An effective invoice is especially necessary for a small business sending out their first few ones, as it shows the client how professional they are (or are not). Therefore,...

Everyone is saying a recession is approaching, with increasing pandemics and social disruption, it definitely is about to hit the global economy. But that doesn't mean you have to shut shop. There are ways to protect your business in the lows of economic fallout. A recession doesn't mean all SMEs go bankrupt. In fact, according to federal data in the US, only 170,000 small businesses out of almost seven million shut shop during the 2008 recession. Although the rest weren't...