You need money to make money. This age-old adage is less a cliché than it is the actual truth. No business can function without cash flow. Its importance cannot be understated. Simply put, having a positive cash flow means that…
As a small business owner, you have many important decisions to make on a daily basis. One of the most important choices to make is how to spend money in order to make more of it. Of course, there are…
In many of our past blogs, we’ve pointed out the various reasons that small and medium-sized business owners have their business loan applications denied by their banks. As we pointed out in our last blog, a poor credit history is…
A company’s cash flow refers to the money it has available to operate. A business owner is responsible for such actions as paying his/her employees, buying office equipment and advertising the company, just to name a few on a very…
Here, at Synergy Merchants, we hear it all the time. Canadian business owners come to us explaining that their local banks (of which they’ve been customers for decades) have denied their loan applications and they can’t understand why. The truth…
With April now in full swing, the spring season will soon begin looking like it’s actually spring. The weather may not have warmed up to our liking just yet, but it’s definitely time for your business to heat things up.…
We’re exactly one week away from the beginning of spring! That means one more week of winter (although the weather may not necessarily catch up with the calendar). Regardless if it continues to be cold or not outside, it’s definitely…
There will never come a time when you don’t need money in order to run your business. Talk about stating the obvious, right? From your phone bills to your employees’ pay cheques to the restocking of your products on the…
In our last blog, we touched upon the topic of cash flow and highlighted its importance in keeping your business afloat. Ensuring that you receive payments in timely manners is critical to your company’s bottom line. And while Synergy Merchants…
Some business owners have the attitude that as long as they get paid eventually, everything will be fine. And while this may promote comfortable, pressure-free relationships between businesses and their clients, it doesn’t necessarily support a company’s bottom line. Sure,…