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Monthly Archives: October 2017

5 Innovative Ways to Finance Your Business

By |2018-02-14T11:53:32+00:00October 30th, 2017|Finance|

In the first quarter of 2017, five of the US’s largest banks actually deposited more money in the Fed ($12.9 billion) than they lent ($9.1 billion). Here is a link to the statistic: https://www.forbes.com/sites/greatspeculations/2017/06/13/loan-to-deposit-ratios-for-largest-u-s-banks-show-signs-of-recovery-in-q1/#18d8772412f4 Phil Gramm, former Chairman of the Senate Banking Committee, wrote an article on this back in 2015. The article still holds

The Golden Rule of Business: Don’t Run Out of Cash

By |2018-09-04T08:57:58+00:00October 16th, 2017|Finance|

“Cash” is the energy that flows through a business giving it life. It’s like the electrical current that flows through a laptop or smart phone. Without the flow of electrical energy, the unit is non-functional. In a business, if cash does not flow in and flow out, the business is non-functional. When your customers pay