Category: Running a Business

Coronavirus and Small Business

Coronavirus and Small Business

The coronavirus and small business impact is on the horizon. The worldwide impact of the coronavirus, or Covid-19, is undeniable. Cases of infection have reached 95,748 this week along with 3,286 worldwide deaths attributed to the virus. Cases in the U.S. have grown to 128 confirmed cases with a number of deaths also attributed to the virus (11). So far, I think we’ve been pretty lucky. Wild swings in the stock market, along with companies like Amazon, Facebook, Google, and… Read More
A Small Business’s Guide to Handling Unpaid Invoices

A Small Business’s Guide to Handling Unpaid Invoices

“The check’s in the mail.” This idiom is a pain point for many small businesses. Collecting on overdue invoices is a necessary slog that, unfortunately, most business owners face at one time or another. Devoting resources to this work can be frustrating, as it takes time and focus away from serving other customers and improving core business competencies. But, businesses need money to survive, so entrepreneurs do what they need to make sure the cash continues flowing. Following are some… Read More
Infographic: How Businesses can Build Trust With Employees

Infographic: How Businesses can Build Trust With Employees

What makes for a great employee? Every business wants people of high integrity who are driven, talented, dedicated, and creatively resourceful. But how can you attract and retain these employees? It has to start with a work environment built on trust. Businesses in which employees trust each other and their management is much more likely to have high revenue than businesses where trust is low. Let’s take a look at this well-done infographic to see how businesses can create cultures… Read More
ACH Payments, Debits, and Transfers: The Ultimate ACH Guide | Nav

ACH Payments, Debits, and Transfers: The Ultimate ACH Guide | Nav

No matter what we try to do to combat it, life seems to get busier and busier with each passing year. This is especially true for small business owners leading growing companies. Automating business processes and merchant services can help simplify things immensely for overworked entrepreneurs. One of the easiest things a business can automate is the payment and billing process. Automated Clearing House or ACH payments are a convenient and easy way to do this.  What Is an ACH… Read More
Chargebacks and their Effect on Credit Score

Chargebacks and their Effect on Credit Score

At first glance, credit card chargebacks appear to be just like refunds. However, there is one very distinct difference between a chargeback and a refund. With a chargeback, the customer contacts the credit card company or bank for a refund, rather than the business they made the purchase from. While chargebacks are designed to protect consumers from unauthorized transactions, it's important to understand  chargebacks and their effect on  credit score so you can avoid any detrimental impact to your business.  … Read More
24 Ways to Improve Cash Flow for Your Small Business in 2024

24 Ways to Improve Cash Flow for Your Small Business in 2024

Jump to SectionShareFacebookLinkedInTwitterShare LinkCash Flow vs. ProfitCalculate Cash FlowImprove Operational CostsImprove Payment OptionsInvest in MarketingOrganize Your FinancesHow Nav Can Help While there’s more than one way to evaluate the financial health of your business, few are as closely related to success or failure as negative cash flow. Cash flow is the net amount of cash that flows in and out of your business. Cash flow management is essential for long-term growth. But how do you go about it?   The most… Read More