The term ‘working capital’ gets thrown around a lot, but what does it actually mean? Working capital measures a business’s ability to pay off its current liabilities with its current assets. It plays a large role in a company’s success and affects several aspects of a business, including funding inventory and planning for long-term growth.
You should probably have a good handle on your company’s cash flow, but do you ever wonder how your company compares with other small businesses? Intuit QuickBooks recently released a global study, the State of Small Business Cash Flow, which reveals the cash flow challenges experienced by small business owners and self-employed workers around the world. The study
Slowly but surely, the impact of the COVID-19 pandemic response on American small businesses is weakening. According to the latest results of the U.S. Census Bureau Small Business Pulse Survey, fewer businesses than ever are reporting that the pandemic creates a very negative effect on their company. Just 31.8% of small business owners surveyed by
Walmart was once a small business with a single store. After proving he could build a profitable business for five consecutive years selling products at lower prices, Sam Walton and his team expanded by replicating the business model in different locations in the city, country, and internationally. Facebook was once a startup. After validating the
There’s a reason why they call it “Main Street.” Small businesses have traditionally depended on foot traffic and a brick-and-mortar presence. But in the Internet age—and especially in the age of COVID-19—businesses that leverage digital tools have a distinct competitive advantage. Unfortunately, only 46% of American small businesses have an online presence. We need to
A new normal is emerging for small businesses, even as the trajectory of COVID-19 remains unclear. Small businesses face a landscape forever altered as the first wave of economic disruption settles. Though it’s still too early to assess the full scope of long-term impacts, outlines of a new small business normal are taking shape today