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At one time or another, every business experiences late paying clients. There are many reasons why customers don’t pay their invoices on time (or at all), from misplaced bills and being dissatisfied to unexpected expenses that tie up their cash.

The COVID-19 pandemic has pushed industries to rethink how they do business – the oil and gas sector is no exception. In a race to maximize efficiency, oil and gas companies are shifting from on-site specialists and embracing remote drilling and fracking engineers.

Did you know it is possible for your small business to be profitable, yet simultaneously be unable to pay its bills due to poor cash flow? This mismatch between the timing of cash inflows and cash outflows is known as a cash-flow gap.

So many people are feeling the impact of outside distractions, extreme uncertainty, and pressure on both personal and professional fronts. It is during difficult and unprecedented times like these that we look for and lean on strong leadership to help us navigate through turbulent waters.

If you are just starting a company, you have probably heard the many facts and figures on how many small businesses fail within the first few years. Of course, this does not mean you and your team will not be successful.

Periods of growth can come and go quickly and the consumer’s needs and expectations shift. Trends can change from one month to the next.

For a small and growing business, managing cash flow can feel like a roller coaster ride. You need to keep enough cash on hand to meet payroll, replenish inventory, cover rent and operate smoothly.

The U.S. is experiencing one of the largest talent shortages on record, which is due to a strong job market and the lowest unemployment rate in decades.

Between the end of one year and the start of another, every business owner should take the time to sit down and do a little planning.

As another year draws to a close, now is the perfect time to plan how you want your business to develop and expand. To prepare for the challenges of a new year, it is important that you do everything you can to improve your chances of success, which involves mastering certain steps.