Frustrated with negative cash flow? Manage it like a pro!

Did you know that 67% of startups fail within a few years of commencement? Reason? Inadequate management of cash. That is why many entrepreneurs start to get frustrated when their financial statements show negative cash flow.

Collecting finances for your business and managing them are the most challenging tasks that you have to face. Failing at these challenges means endangering the existence of your business.

But, here’s the catch! No one would intentionally fail their company. Right? So, it means that this unintentional mistake is the cause of any loophole in the corporate objectives.

Speaking about corporate objectives, tell us something: According to you, what is the most crucial objective of any organization? If your answer is making profits. Then, our dear reader, sorry to say but you are wrong. Earning profits and leading the market is secondary and tertiary objectives of the organization. The most crucial aim is managing the money available to you.

As Sir Richard Branson has said:

“Never take your eyes off the cash flow because it is the lifeblood of your company.”

So, now the crucial question is how to manage your money to fulfill all the operating expenses and avoid a shortage of monetary resources? To know the answer to this question, keep on scrolling.

Bank loan

What is the first thing that comes to your mind when someone says ‘money’? It is Banks/financial institutions. Right? Banks are made to cater to all the financial needs of every person. So, you can take a bank loan to run your business. There are several types of loans available for companies to select from, such as:

  • Equipment financing
  • SBA loan (Small Business Administration’s loan)
  • Microloans
  • Startup loan
  • Fast business loans and many more.

So you can select according to your requirements. However, keep in mind that the financial institution will only provide you the loan if you have the capability to repay it. Moreover, you need to pay regular interest on it as well.

Credit card

Applying for a bank loan and completing all the formalities can take several days. So, when you are in a hurry, it is not quite helpful. However, if you have a business credit card, you will be able to survive this challenge. It will help you improve your working capital and reduce the burden of current/urgent expenses.

Nonetheless, you can’t just take any credit card. As it has been written here, you should conduct proper research before choosing the card. However, you can’t do it all on your own. So you can take the help of experts to make the right decision.

Angel investors

A monetary deficit is not a surprise if your business is just a startup. However, because it is a startup, it becomes more than crucial to get the investments.  So, you need to pitch your business ideas to angel investors. Make sure not to use jargon and highlight the key benefits of investing in your business while pitching the idea.

Wrapping up!

Even the most successful business ideas fail due to the lack of financial resources. You need to apply for bank loans, credit cards, and investors to manage your cash flow well. Once you get the money, ensure to use it properly.

Strategies for Finding Supply Chain Talents

If your basic recruiting strategy involves posting an opening and praying to get the right applicants, you are shooting yourself in the foot. There are lots of high performers who are content with their current positions and rarely surf job boards. You definitely can’t attract their attention by placing a job advert.

In order to meet the hiring demands within a tight labor market, you need fresh sourcing tactics that go beyond posting jobs. We will show you how to improve your chances of attracting and recruiting the best supply chain talents.

1. Engage the Services of a Recruiter in the Supply Chain Field

Is your company small or medium-sized? Are you struggling to fill key positions and it is affecting your business? Then one of your option should consider hiring a supply chain recruiting firm because your business may not have the capacity to hire full-time recruiters.

Ensure you conduct research about the firm, both online and through the people you know. This will help you determine whether the recruiter is the right one for your business. Some recruiting firms specialize by geographic area, job level, function, and industry while others recruit across all disciplines and industries.

2. Utilize Paid Tools for Recruiting

You could consider paying for tools that can help you expand the way you reach out to potential candidates for a job. You could use tools like LinkedIn to get access to all members of the network. You can search and filter for candidates according to the job criteria. The tool also offers an option of sending a direct message to help you connect with the candidates.

3. Network with Associations in the Industry

There are various associations that are related to the supply chain industry. They include MHI, ISM, CSMP, and APICS. You could consider sponsoring meetings for a local chapter, then send key members in your organization to attend global or national conferences. They can scout for talents there.

Furthermore, some associations have an online directory that could facilitate networking. This provides another means of finding top talents. When you network with associations in the industry, you are creating awareness for your business. On the other hand, you are expanding your network.

You may otherwise not know when someone is looking for another career opportunity. But through your network, you will be among the first to hear.

You can click here to get more info about top associations in the supply chain industry.

4. Develop a Program for Employee Referral

In most firms, candidate referral is the major source of hires. Therefore, developing a program for employment referral is a sure way of improving the quantity and quality of applicant flow in your firm. The HR personnel and your recruiter can lead the program while the most senior executive in the supply chain department will sponsor it.

You can run this program manually, but you could consider automating the process for better results. It will also help you to keep track of hires and referral sources. Providing incentives like a vacation offer or cash could help to produce better results, too.

5. Partner with Supply Chain Learning Institutes

There are different learning institutes that offer degree programs in supply chain. You could partner with them for entry-level openings. Ensure that the institute’s program aligns with your company’s requirements, company culture, and values.

You could attend the institute’s job fairs and develop a rapport with your potential hires. You could also develop a relationship with the staff members of the institute such as professors who teach courses on supply chain management. They usually know the best students in every class.

Additionally, ensure you post job openings in each institute, outlining the advantages of working in your organization. As soon as you hire entry-level applicants from those institutes, you can send them back to the institutes to recruit more students for your company.

Furthermore, you can connect with the students early while waiting for their graduation. This strategy will help to nurture a relationship such that the students will place your company at the top of their list when thinking about companies to target.

You may want to check out to find more hiring strategies.


The tips shared in this article are proven strategies that smart employers use when targeting top talents in the field of supply chain. You can merge them with your previous strategies for optimum results.

3 Simple Tips For Retiring Comfortably

Retiring is a beautiful thing, because it shows that after a lifetime of working hard, making your way and trying new career directions, you have seen fit to put a full stop on that story, and to try another new adventure.

Retirement is, of course, defined by how you’ve planned for it. It’s important to think of this, as looking ahead in the long term and considering just where you might like to be and what eventuality you would like to work towards can help you make the incremental effort focused on achieving those dreams.

But in the long run, how do we focus on making the absolute best of our retirement? Using the ARQ Wealth Advisors website, as well as their consultants, for instance, can help you recognise how to make the most of your savings and investments to move forward and live with as much financial backing as possible. 

But what kind of lifestyle factors should we consider when planning our tirement? What considerations are we likely to enjoy? Let’s consider those questions (and answers) in the following words:

Retirement Living

It’s important to accept that retirement is not simply a state of mind, but a state of being, and a daily lifestyle reality. How will you fill your days? It might be that asking yourself this question can help you select a location or a house to retire to.

Perhaps living in Spain, as is your deepest desire, can help you retire in a culture you have adored and taken holidays to regularly for years. Perhaps the living pace suits you better there, with daily siesta and food culture that celebrates the local community and life more than anywhere else.

Understanding what tastes you might have in this direction more easily helps you focus on the future, and that in itself can give you purpose.

Living Conditions

It might be that you have roughly ten years until you retire. Perhaps you have some savings tucked away to finally purchase that holiday home abroad, making it your dream place you can visit during the summers and renting during the winter.

Perhaps purchasing a small plot of land in a rural area and slowly building the firmaments of a rural cottage to live in can help you curate your home from the bottom up, helping you live in an environment truly of your own making. Considering proximity from family, your daily lived experience and the costs of this effort can help you curate a plan, making any dream of this nature much more possible and pliable.

A Great Task

It’s very important to stay busy in retirement and to keep active, lest you feel like sitting back and getting bored. Longevity and health in retirement comes from delving into your interests, no matter if that means painting on your patio, taking up a new hobby, or getting involved in charity work that makes the best of your curated professional skills.

Having a great task you can work on (even if that simply means writing the next great American novel) can mean all the difference going forward, as it helps you stay focused and oriented. In that way, you also manage your health carefully.

With this advice, you’re sure to plan for retirement in the best possible sense. 

3 Simple Steps To Becoming More Employable

In times like these, going over your employability prospects is important – even if you’re in full time work. Job security is at an all time low due to the pandemic, and so it can’t hurt to make sure your resume is geared and you know what your options could be if you’re let go, or if the firm you work for (or even run) encounters trouble.

This is not supposed to make you fearful of course, it’s simply a contingency we can consider to ensure we have the skills necessary to move forward and potentially find a job or alternative work if we need to. However, employability training is often not only geared towards finding a job, but learning how to advance in one.

As evidenced by the excellent advice offered by Stephen Michael Hourigan, getting ahead means blending a mixture of competent social skills and professional standards that help both you, your business, or your prospects.

But what advice can we give you in this framing? Let’s consider that together:

Your Professional Image

It can help to make sure your professional image is well polished, and that you come across smart, professional, and collected. This might involve making sure your professional wardrobe is well stocked and well ironed, even if that means reviewing what accessories you wear to work or the quality of your shirts. Of course, even in the midst of Covid-19 and the remote working standards it has incentivized, making sure your web camera and microphone are up to speed can help you come across more competently to would-be interviewers or professional contacts. Don’t be afraid to review your professional image from time to time, we all need to update ourselves occasionally.

Updating Your Resume

Your resume is an essential part of how you’ll advance in, attain or seek further work. If you’ve been employed for a while, it might need updating. Ensuring you still have references available can also be important, as asking your professional contacts to vouch for you if you leave may be very helpful in opening doors. 

However, there’s also a double outcome here for those who wish to consider their options. By reviewing your CV you may realize that you have every skill and experience level needed to begin your own consultancy. As you can see, curating the brass tacks of your professional experience can come in handy no matter what level of the industry you’re playing in.


Social skills and being able to communicate with people is a vital need for almost any career. Of course, not everyone is born with charm, so this can seem quite exclusionary on the face of it. That said, you don’t have to be George Clooney to ingratiate yourself with people, to show your professional standards, and to wish those in your industry well.

Simply keeping up with past managers, leaving workplaces on good terms, connecting with those you work with, performing acts of goodwill, or simply being yourself can help you network and be seen in certain circles – this all helps with opportunities later on down the line. Who knows? One day, you might be in a position to offer those opportunities yourself.

With these tips, we hope you can curate the three best means becoming and staying employable.

Here’s How To Avoid Crippling Future Financial Issues

Do you ever worry about financial problems that you could run into in the not too distant future? You should because if you don’t plan for these problems, they can hit your bank balance hard. This will leave you without the money that you need to gain your financial independence. Luckily, there are a few ways that you can avoid situations like this. 

Build Up Your Savings And Diversify

First, you should make sure that you are building up your savings as much as you can. Financial experts agree that you should try to save half of what’s left over at the end of the month.

If this is difficult for you, then you need to explore ways that you can be more frugal with your money. There are always ways that you can cut back whether that’s on the cost of your car, your home, or your family. 

Of course, building up your savings isn’t enough. You also need to explore ways that you can invest and diversify your financial portfolio. You should never just invest in one area.

Instead, you need to make sure that you are investing in a few different places. You can speak to a financial planner about the options available and the ones that would suit you the most. 

Get A Second Or Third Income

You might also want to think about exploring the option of a second or third income. The benefit of this should be obvious. You’ll have an extra cushion of cash that you can fall back on if you do run into any issues.

With the right second income, you can guarantee that you are always going to be in a strong place financially. You might even be able to improve your quality of life and save at the same time.

Be aware that a second income will cut into your personal time. So, it either needs to be passive or tied to something you enjoy and that you have a passion for. That way, you’ll be willing to spend more time on it. 

Think About Insurance

Next, you should definitely think about the insurance coverage that you need to protect yourself financially. A lot of people opt not to take out insurance because they think that they will only need it for a rainy day that might never come.

But that’s exactly why you should take it out. If it rains, then you can guarantee it will pour and there are lots of different types of insurance that could protect you from a flood.

For instance, you should have medical insurance and you might even want to combine private insurance with Medicare. This provides you with an extra safety net in case you do have health issues in the future. 

We hope this helps you understand some of the key ways that you can avoid suffering a crippling blow to your finances in the future. In doing so, you can make sure that you are one step closer to becoming financially independent and free from the stress that money trouble causes you. 

How to Reduce the Cost of Owning a Car

Owning a car is essential for many people. Having a car of your own provides you with the freedom to travel anywhere at any time.

Owning a vehicle can make life so much easier and is often a far more convenient option than taking public transport and needing to walk or cycle everywhere. It is easy to become so dependent on having a car that you don’t realize how much you value it until you are without it.

When your vehicle breaks down or needs repairing, you may feel a little lost and find the whole situation an inconvenience.

Whether you use your car to commute to work, drive the kids around, or head off on exciting road trips on weekends, you would probably struggle to imagine life without a car of your own to drive.

While owning a car has lots of benefits, it has its downsides too. The cost of buying a vehicle and the continued running costs can be expensive.

If your car breaks down or is involved in an accident, you could find that the repairs are costly. You may find that running your vehicle accounts for a big chunk of your monthly outgoings.

These continued costs make owning a car expensive, and they may even be a barrier to you continuing to own a vehicle.

However, enjoying the benefits of car ownership while keeping your costs low is possible. Here are some tips to help make owning a car much more affordable:

Choose Your Vehicle Carefully

Your first step towards reducing the cost of owning a vehicle is choosing the right car. Buying an inexpensive car may seem like the best solution when trying to save money.

But, you will only feel the benefits of your saving if your vehicle is not just cheap to buy but inexpensive to run too. The choice of vehicle that you purchase is an essential consideration for keeping your costs low. When shopping for a new set of wheels, it pays to do your research. 

Everyone wants a car that looks great, but selecting a vehicle based solely on looks will not help with your efforts to cut down your expenses. Choosing the best car for your needs, rather than on its appearance, will help you find the most economical option.

To select the right car, it is helpful to think about how often you will use it, and the kind of journeys you will make. For example, if you do not often drive and want to keep your fuel costs low, then choosing a small car with a small engine to match could be the best choice.

Buying a vehicle larger than you need or more powerful than required could lead to you spending far more each month in running costs for features that you will not need to use. 

Carefully weighing up the most economical vehicles available will help you to make an informed choice. This will ensure that you find a car that best suits your needs and your budget.

Comparing models and their fuel efficiency along with the cost of replacement parts and repairs will help you make an informed decision on your next vehicle purchase.

Choosing the most efficient vehicle will help you to make a positive start to your money-saving journey.

Maintain Your Car

Keeping up with vehicle maintenance goes a long way to ensuring that your costs remain low. A well-maintained car can be far less expensive to run and is also less likely to break down.

Ensuring the engine is well-tuned and taken care of can improve your vehicle’s fuel efficiency, which can cut down the amount you spend on gas significantly.

Carrying out regular maintenance will also help to reduce the likelihood of your car developing faults. This will ensure any issues are detected before they become expensive issues.

Another benefit of maintaining your vehicle frequently is that it should help to prolong its life. This helps to reduce the costs involved in buying a new car should yours stop working. 

Keep Your Insurance Costs Low

Understanding the fuel economy of your new car is essential, but you must not overlook insurance costs. Your insurance premiums can be an expensive part of owning a vehicle.

Therefore, keeping your insurance costs low without compromising on your level of insurance cover is essential. Choosing an insurance policy for new car buyers can seem like a complicated process.

Weighing up the different levels of coverage available and understanding the differences between them can become confusing.

Finding a helpful and reliable insurance agency will help you take the hassle out of choosing the right cover. 

Your insurance agency should help you to understand which insurance cover is best for you and how much coverage you need from your policy.

Most importantly, you will need your insurance agency to reduce the stress of finding a competitively priced insurance policy.

Drive Economically

One of the simplest ways to cut down on your fuel costs is to avoid driving your car on short journeys. Being stuck in traffic on short trips around town can consume a lot of gas, especially if you are continually stopping and starting.

If it is safe to do so, it could be beneficial for you to walk shorter distances to avoid your fuel costs rising, and you may even get to your destination faster as you will not be stuck in tailbacks.

Final Thoughts

Owning a car is crucial to people for many reasons, whether they love to drive for pleasure or make everyday life easier to navigate. Spending money is an inevitable part of car ownership.

However, with some careful planning, you can help to reduce these costs and enjoy the benefits of owning a car without spending a fortune.

Choosing a car that suits your needs and taking care of it with maintenance is vital to avoid overspending. As auto insurance can be a significant expense, it is also essential to shop around for this to get the best deal.

Retirement Planning With Reverse Mortgage – How It Can Help

Retirement planning is a crucial concern for people nearing the end of their working years. After all, you will want to be stress-free and financially independent once you reach this stage of life.

Thankfully, some tools and measures keep you secure after retirement, and a reverse mortgage is one of these. It enables you to fulfill your cash needs by pulling the equity in your home.

Even if you do not need cash, you can still use it strategically in retirement planning. Here are some ways it can help you as a smart financial planning tool.

Increase your cash flow

A mortgage payment is a massive expense that takes a considerable part of your monthly income. However, your existing debt is paid off with a reverse mortgage. You end up cutting down your monthly expenses and have extra cash in your pocket every month, which would have otherwise gone to clearing the monthly expense. A higher cash flow helps you live off comfortably even with your limited retirement income.

Be mortgage-free

While you will have more cash in hand every month with this option, it also leaves you stress-free because you do not have the mortgage burden any longer. A jumbo reverse mortgage allows you to receive a lump sum for paying off the balance. While you will have to keep paying your homeowner’s insurance and property taxes, you are technically free of the monthly mortgage payments.

Delay Social Security and pension payouts

Retirees often look forward to Social Security and pension payouts to support them post-retirement. But you may be tempted to use them as soon as you get your hands on them. But a reverse mortgage gives you the financial support you need, which means that you can wait on getting these payouts. The longer you delay them, the more is the amount you receive.

Access a low-cost line of credit

You also get access to a low-cost line of credit to draw on your loan. You have to pay interest only on the amount you draw, rather than the entire credit line. It lets the line of credit grow over time if you choose to draw it at a later date. You end up with a larger line of credit over the years, and it gives you the financial cushion you need after retirement.

Downsize to a smaller home

When you retire and your children are ready to be on their own, you may want to move into a smaller home or a retirement community. Downsizing is a good idea at this stage, as moving to a smaller place frees you from the stress of ongoing home maintenance and high mortgage payments. A reverse mortgage can help you with it because you can use the loan to clear the existing loan on your current property and sell it off easily.

A reverse mortgage can serve as the foundation of a solid retirement plan, provided that you use it smartly. You have the money you need without giving up on the title and rights to your place. It’s a win-win situation.

The Right Way to Go About Making an Insurance Claim

When something goes wrong and you need to call on your insurance company to help you put it right, you want to be sure that they’re going to do that. Unfortunately, insurance companies don’t love paying out money to their customers, so they’ll make things difficult unless you get everything right and play by the book. That’s why it’s important to understand how to go about making an insurance claim in the right way. Read on to find out more about doing that.

Ensure You Have the Right Policy to Begin With

First of all, you need to make sure that the insurance policies that you have in place are the right ones. Of course, it’s too late for that if you’re already about to make a claim. But going forward, don’t simply sign up to the first insurance deal you find. Instead, read the details and be sure that you know what you’re getting into before you sign on the dotted line.

Find the Right Public Adjuster

When the time comes to make a claim on your insurance policy, your first step should be to get the right help and assistance. When you make use of public adjuster claims, you’re able to get assistance and guidance throughout the process from people who have intimate knowledge and understanding of how insurance claims work, making mistakes a lot less likely.

Act Fast and Follow the Expected Procedures

It’s important to act fast when making a claim. Of course, depending on what the situation is, you’ll first want to make sure that everything is safe and in order before moving on to the insurance claiming stage. Nevertheless, try to act fast and inform your insurance provider of exactly what’s happening so they can be kept in the loop. And when you do so, follow the procedures they outline and expect.

Use Photos as Evidence

You should definitely make use of photos as evidence when you’re putting together a claim. That’s true of car insurance and home insurance, or any kind of insurance that involves making a claim based on damage to property that would otherwise dent your finances. That extra evidence will speed up the process and give your insurance provider confidence that the claim is a genuine one.

Keep it Honest

Finally, and this should go without saying, you should always keep any claim you make and the details of that claim as honest as they can be. You’ll only put yourself in a worse and more risky situation if you exaggerate your claims or make claims that simply aren’t true. It’s a criminal offence and it won’t turn out well for you if you take that path.

If you follow the advice that’s been outlined here, you’ll be in a much better position to ensure that any insurance claim you make going forward is going to be a successful one. Don’t waste your time and energy on claims that are just going to be unfairly rejected by your insurance company.

3 Stunning Investments To Maximize Your Returns

The number one rule for investing effectively is ensuring that you always spread your risk. Having all of your eggs in one basket increases the risk to your hard earned cash.

Instead, you need to think about having your finger in as many financial pies as humanly possible. By spreading your risk across an investment portfolio, you are adding a level of mitigation should one investment fail,

This also means that you can opt for some higher risk options to try your luck and maximizing your returns. Follow this guide and look at three stunning investments to get the biggest bang for your buck.


The easiest option to look at when investing is property. Fixer uppers come onto the market regularly and you could head to a property auction in an effort to find the worst house on the best street.

By undertaking a scheme of works, you could create a desirable home in a great location with awesome transport links, low crime rates, and decent schools. Do your sims to ensure that the purchase price for the dwelling plus the taxes and fees, plus the renovation costs do not creep above the price you want to sell for.

If flipping a pad, you want to add floor space to increase value and enhance the ceiling price of a street. Property is an easier low risk investment but does require you to be active in the money making project.

Eco-Friendly Options

If you are keen to do your bit to save the planet and you want to check out some sustainable investments, take a look at the energy industry market forecasts. Look at those car manufacturers that are actively pursuing greener fuelled cars.

These ranges will soon be the go-to models of choice for the savvy millennial who cares about their carbon footprint. As more government legislation and laws come into force regarding pollution, investing in the stocks and shares of a hybrid car company could be a great bet.

Alternatively, invest in those food producers, manufacturers and local small businesses who pride themselves n sustainability and ethics.


If you are partial to a tipple of your favorite rioja every now and then, why not consider a bigger investment in wine? Purchase a crate or two of a sought after vintage, store it for a decade or more, and then sell it to a collector at a lucrative profit.

Think of wine in the same way you think of art or antiques. The rarer these wine examples become, the more valuable they are. Do your research and spend your money on classic vintage labels such as a 1999 Italian shiraz or a 2013 Australian Pinot Grigio.

With any luck, you can monitor the markets and sell on when you have a decent enough return. You could then reinvest or pocket the cash to top up your savings pot.

Investing can be exciting but also daunting. Follow this simple guide and you could maximize your investment returns in 2021.

Using the Internet to Find the Perfect Car for Your Needs

The internet is a fantastic tool when it comes to shopping. With all of the information we can research, it makes purchasing something a lot easier. This is especially true if it’s a large investment such as a car.

After all, we all want to get the best value for our money, so it makes sense to consult a larger group of opinions because it’ll help us learn more about the products and also alert us of anything that we should be concerned about.

So if you’re planning on buying a car to suit your every need, here’s how the internet can help you.

Asking for help from car experts and enthusiasts

The internet is a great place to share your passions and talk about things you love. As such, you’ll find many car experts and enthusiasts who are eager to help you choose the right vehicle. We suggest joining some kind of community to learn more about vehicles and ask questions if you’re unsure about something.

Comparing prices with online-based dealerships

The internet is a great place to compare prices between reputable dealerships such as If you’re searching for the best deals or want to compare features between cars, then dealership websites are a great place to start searching for information. We suggest looking at multiple dealerships in order to find the car that you’re looking for. You can also speak to the dealerships in question if you want to learn more about financing options or deals that are specific to the dealership. You could also consider going straight to the manufacturer if you’re sure that you want a new car, or if you can’t find the vehicle you want in a certain specification.

Learn about the latest cars and read reviews

Whether you’re choosing a safe car for peace of mind and a fast car for the thrill, it’s important to learn more about the latest cars by reading reviews. This will help you learn more about cars and also reveal the more sought-after vehicles that offer new technologies, great performance or extremely good value. Reviews can occasionally be biased, so we always recommend looking at multiple websites to get a better opinion on something. You could also ask enthusiasts and friends or family members for an expert opinion on cars as well.

You might still want to visit a dealership before you finalize your decision

When upgrading your car or buying your first vehicle, it’s important to understand that the overall feel of the vehicle becomes a huge factor in the decision-making process. This is why dealerships offer test drives for vehicles. If you’re not comfortable behind the wheel or don’t like how the features are laid out, then you’re going to waste your money. Make sure you visit a dealership if you’re not 100% certain or if you’ve never been in the care before. All of the features of a car mean nothing if you don’t feel at home behind the wheel.