The COVID-19 pandemic has disproportionately affected small businesses, with twenty-five percent expressing concerns over the supply chain and twenty-nine reporting a drop in sales. To make matters worse, the National Bureau of Economic Research has confirmed that the US is in a recession. What can you do to ensure you are one of the recession-proof businesses? Here are the top 6 proven strategies to not just survive, but also to tap into the business opportunities during the recession and emerge...

Generating an invoice is generally regarded as a tedious task, but it is an important part of running a successful business. A good invoice generator can make both clients and employees happy. Here are a few things to remember while generating business invoices. You can judge a business’ overall performance by looking at their cash flow. Invoices help you keep track of your accounts receivable and billing. For small businesses, hiring a team for specifically for this purpose may seem...

Time is precious, particularly when it comes to running a small business. Therefore, learning time management skill is a lucrative investment. Here are a few tips on how to manage time smartly for your business. Running a business is not an easy. It is a juxtaposition of all kinds of tasks, from marketing to administration to management. Between the juggling, the likeliness of business owners losing sight of their goals is high. Small businesses, with fewer employees who are overworked,...

Key Performance Indicators (KPIs) are measuring tools that small business owners use to keep track of the progress in terms of profit and business growth. They let the entrepreneur know what they are doing right/wrong by showing the company's health. These are the most crucial KPIs for small businesses that need to be monitored for ensuring constant growth. Market share Market share is a crucial financial KPI for small business. It shows how much control you have on the market....

Choosing the best billing software is the most prudent investment a business can make to get timely payments. Itis is also crucial to continue operations and pay employees and vendors. Having automatic billing software is mission-critical due to the inefficient and time-consuming nature of sending a physical invoice. A small business, however well-financed, can never outrun the effects of a faulty billing system. Given that clients routinely find excuses to delay the payment —60 percent of all invoices are paid...