Finding new leads has always been one of the main challenges faced by freight brokers. In order to find a steady supply of qualified leads, you need to learn as much as possible about shippers and the items they transport. Here are some of the most effective ways for freight brokers to generate new business. Read more
One of the most important metrics to track in any business is cash flow. The amount of cash flowing into and out of your business plays a major role in your ability to function on a day-to-day basis. It also affects your growth potential. Lack of cash is a common cause of business failure. The best way to understand your business’s health in this regard is to perform a cash flow analysis. Read more
Bad debt is a serious risk for every business. Bad debt is accounts receivable that will not be collected and therefore, treated as a loss. Let’s look at 10 effective tips to help you avoid bad debt in business.
One of the biggest shifts in the U.S. economy in recent years is the drastic increase in oil production. The U.S. has increased oil production more than 60 percent since 2013, to more than 12 million barrels per day. While the U.S. once had to import most of its oil, it’s now the world’s largest oil producer. Read more
If you have a small business, there’s a good chance you’ll need to apply for a loan or other type of financing at some point. In order to understand the process, you should be familiar with the lingo. Here are some of the most frequently used financial and credit terms you should know. Chances are, you’ll already know some of these while you might need a refresher on others. Read more