Money. Capital. Funds. Profits. No matter the term used, small business owners everywhere are performing the same payments-in-payments-out balancing act to keep business going.
The battle for cash flow has been a long-fought one, and small business owners are continuing to find creative ways to make and receive payments on time. According to research by PYMTS.com, sponsored by Sage Payment Solutions, one-third of survey respondents said their biggest concern is getting paid on time, and 14% said they were very or fairly frustrated with their invoicing system. SMBs often struggle with liquidity issues since they can’t tap into an equity market or sell corporate bonds like larger businesses can.