If you want to start your own business, you have plenty of company. The SBA estimates that over 600,000 new businesses are started each year in the U.S. If you want to be successful, however, you need a well-conceived strategy. Here are the top steps for starting a business the right way. Read more
New Freight Brokers: 7 Tips to Find Business
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
Riviera Finance Attends Oil Sands Conference and Trade Show
Riviera Finance exhibited at the Oil Sands Conference and Trade Show in Fort McMurray, Alberta in mid-September. Alberta Premier Jason Kenney made the keynote speech and addressed his strategy to kick-start Alberta’s economy, including cutting corporate taxes, eliminating the carbon tax, and reducing limits on Alberta energy production. Oil and gas related companies from across Western Canada attended. Ryan Gabriel of Riviera Finance’s Calgary office, and Jason Smith from the Minneapolis office, enjoyed meeting with the local businesses.
Guide to Cash Flow Analysis
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
How to Reduce your Business’s Risk of Bad Debt
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.