Category: Running a Business

Small business owners often struggle to have enough cash to cover day-to-day expenses. But there’s a problem with having too much cash in your bank account, too. So what’s the balance? How much cash should your business have available? What Does it Mean to Have Cash On Hand? Having “cash on hand” refers to the cash reserves you can easily access. That could be cash in a box in your office that you use for petty cash or the money… Read More

American small businesses have struggled over the last few years due to supply chain woes caused by the ongoing outbreak of the coronavirus and the ripples it has caused, plus added stress from geopolitical conflicts. A global supply chain disruption can cause serious strife even for the smallest business if it can’t get the materials, supplies, or inventory it needs to sell to customers. No one can predict when (or even if) we’ll ever return to pre-pandemic economic conditions, including… Read More