The 5 Silent Killers of Cash Flow

November 14, 2019

By Cheryl Abrahamson –

Silent Killers of Cashflow

In an economy where the stakes are increasingly high and cash progressively scarce, business owners must proactively manage the balance sheet and income statement or risk falling victim to the five silent killers of cash flow.

Did you know that a majority of businesses that file bankruptcy reported a net profit, yet had negative cash flow? Often the warning signs that a company is in trouble go unnoticed until it is too late. A business can improve its liquidity and create long-term viability by looking closely at the following potential trouble spots.

1. Mis-Financing

Mis-financing is defined as borrowing short-term debt to pay for long-term assets. These assets could include purchasing equipment, leasehold improvements and other fixed items, paid for with a short-term line of credit. This process drains the cash out of a business and condenses the time-frame the asset has to pay for itself. (more…)

Vegun Nutrition

November 11, 2019

Vegun Nutrition - Maryland SuccessVeterans Success Story: Maryland –

Derrell Lee and John Pace are U.S. Military Veterans who graduated from Harford Community College (HCC) with Associate degrees in Business Administration. Derrell and John had wanted to start their own business for a while, and it was finally time for them to unleash their entrepreneurial spirit.

With a passion for healthy living and fitness, the duo came up with a revolutionary idea with confidence for future success. Before pursuing this venture head-first, they sought advice on how to properly format their business and construct a business plan to enable them to receive the financing needed.

They came to Maryland’s Northern Region Small Business Development Center (SBDC) and spoke with Ryan Del Gallo for consultation on how to move their business in a positive direction. Ryan answered all of their questions while providing one-on-one counseling, and he also went a step further to assist with developing a marketing strategy, accurate financial projections, a proper loan package, and a well-developed pitch for the business. (more…)

What Veterans Can Do to Pursue Entrepreneurship

November 6, 2019

By Bob House, President, BizBuySell –

The transition from combat to business owner isn’t always easy – luckily hundreds of organizations and groups are eager to assist veterans and help them succeed.

Veterans are an incredible asset to our country. Not only do these brave men and women sacrifice years of their lives to serve the United States, but after returning to civilian life, they bring unmatched strength, skills and perseverance.

Leaving the military holds a number of unknowns, but for nearly a quarter of veterans, entrepreneurship is the clear next step. According to the most recent data available from the U.S. Census Bureau, in 2012 an estimated 2.52 million businesses were majority-owned by veterans, employing more than 5 million workers. While these numbers are down from the post-World War II business boom, entrepreneurship is still a popular second career option for our nation’s veterans. (more…)

Cyber Safety for Small Businesses

October 28, 2019

With a whopping 30.2 million small businesses in the U.S, it’s no surprise they make up 99.9% of all United States businesses. Owning and running a business comes with a lot of added responsibility, one being the safety of employees — cyber safety included. With so many cyber threats running in the background of devices and the Internet, how can you keep your small business safe? Here are some steps to start the process.

Protect all devices

As companies hire, grow and expand, the use of devices is essential. Company devices should be properly protected before being actively used by employees. Plan to update all devices accordingly, to keep all systems working properly and efficiently use. Never forget to download antivirus software to help block any threats that can infiltrate your business. Viruses aren’t the only criminal making its way to your devices. Some other threats include: malware, ransomware, adware, pharming, phishing, and many more.

According to Candid Wueest, Principal Threat Researcher, Security Technology & Response team (STAR), Symantec Corporation, the warning signs of viruses are next to none: “Unless it is a ransomware threat that encrypts all your files, there are often no apparent clues that a computer is infected with malware. Some indications might be a 100% workload of the CPU or strange pop-up messages, but in most cases the user will only notice the consequences when people complain about strange emails, unusual logins or fraudulent transactions on payment cards.” (more…)