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What is Working Capital Management?

What is Working Capital Management?

by Balustrade Creative | Aug 24, 2021 | Insights To Business, Working Capital

If you own a business, you are constantly looking at the numbers to determine where you stand financially. Understanding working capital management is important if you plan on operating your business successfully. Analyzing the different ratios associated with your...
What are Fixed Expenses? A Crash Course for Small Business Owners

What are Fixed Expenses? A Crash Course for Small Business Owners

by Balustrade Creative | Aug 20, 2021 | Financial Advice, Insights To Business

When you begin to create your budget, you will notice that you have two different types of expenses, fixed and variable. Fixed expenses often make up the largest percentage of your budget. These are more often than not the primary expenses you pay every month. The...
Revenue vs Income: What’s the Difference?

Revenue vs Income: What’s the Difference?

by Balustrade Creative | Aug 19, 2021 | Insights To Business, Small Business Cash Flow, Working Capital

Income and revenue are often used interchangeably. The fact is, they are quite different and when calculated, can provide an accurate picture of a person’s or business’ financial state. Both income and revenue are considered when making financial...
C-Corporation vs S-Corporation: What’s the Difference?

C-Corporation vs S-Corporation: What’s the Difference?

by Balustrade Creative | Jul 27, 2021 | Financial Advice

Every business has its own needs when it comes to taxes, ownership, and the day to day operations. Different types of corporations offer unique benefits and rewards. Each type of corporation also has specific limitations that might prevent the company from functioning...
How to Build Business Credit with Bad Personal Credit

How to Build Business Credit with Bad Personal Credit

by Balustrade Creative | Jul 20, 2021 | Bad Credit Business Loans, Business Financing, Financial Advice

Even though your business credit and personal credit are different, they also have similarities. In most cases, business owners try to keep their personal and professional credit profiles as far apart as possible. This prevents disruptions in your personal credit...
How does a business line of credit work

How does a business line of credit work

by Balustrade Creative | Jul 13, 2021 | Business Financing, Financial Advice, Insights To Business

When you have a small business, utilizing a business line of credit can help you make the most out of new opportunities that often arise when you least expect them. Being able to access a line of credit will allow you to purchase additional inventory or just meet your...
How to Build Business Credit?

How to Build Business Credit?

by Balustrade Creative | Jul 9, 2021 | Business Financing, Financial Advice, Small Business Funding

Every business needs capital in order to function. Most new business owners use up most of their working capital getting things started and have little left over for the day to day operations. The biggest problem a new business might face is finding the funds to stay...
Employee Retention Credit is extended through 2021

Employee Retention Credit is extended through 2021

by Balustrade Creative | May 20, 2021 | PPP Program, Small Business Administration, Uncategorized

As part of the new American Rescue Plan Act and previously within the Consolidated Appropriations Act of 2021, the employee retention credit, a provision of the CARES Act, is now extended through Dec. 31, 2021 to eligible employers who retained employees during the...
The PPP Program has run out of money. What’s Next?

The PPP Program has run out of money. What’s Next?

by Balustrade Creative | May 12, 2021 | PPP Program

PPP Is closing down. What’s Next? With only 3 Weeks to Go before its original planned shutdown date of 5/31, the PPP program is officially out of cash, as per the SBA (Small Business Association) announcement.  The Small Business Administration has notified all...
How to Improve Your Business Credit Score

How to Improve Your Business Credit Score

by Balustrade Creative | May 6, 2021 | Bad Credit Business Loans, Business Financing

Did you know that a high business credit score will help you secure more financing for your small business? Note that business credit scores work almost like your personal credit score. This is because credit lenders will report various business loans as well as your...
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