TIPS FOR MANAGING SMALL BUSINESS FINANCES
INTRODUCTION 
Business finance is a term that encompasses a wide range of activities and disciplines revolving around the management of money and other valuable assets. Business finance programs in universities familiarize students with accounting methodologies, investing strategies and effective debt management.
TIPS FOR MANAGING SMALL BUSINESS FINANCES
Demonstrate that your business generates steady cash flow Sustain a positive payment history Prove business judgment Shop around for financing Invest in Cloud-based Accounting Software
DEMONSTRATE THAT YOUR BUSINESS GENERATES STEADY CASH FLOW
Cash is still king and is also a key predictor of a business’ health and prospects for the future. By being able to demonstrate you have ample and/or steady cash flow, you are ensuring to potential financers that you have plenty of money to pay creditors, employees and others on time.
SUSTAIN A POSITIVE PAYMENT HISTORY 
One of the most important factors for any financer to weigh is a business’ payment history. A financer needs to see that a business has a record of paying down debt, and on time. A financer may have obtained a third party credit report on your business, such as a Dun & Bradstreet report.
PROVE BUSINESS JUDGMENT 
Potential lenders want to be assured that you anticipate potential challenges and have a plan in place as to how to address these challenges. Furthermore, lenders are also interested to see that you have the management in place necessary to overcome any obstacles that might come your way.
SHOP AROUND FOR FINANCING
Don’t assume your bank or the vendor will offer the best terms. Compare rates, lease terms, fees and options and use only established financing providers.
INVEST IN CLOUD-BASED ACCOUNTING SOFTWARE 
While you can definitely download regular accounting software to manage your finances, it will never give you the kind of convenience cloud-based accounting software can. Web-based software provides you with real-time insights as most allow you to store, update, track, and access data from anywhere at any time.
MONITOR AND MEASURE PERFORMANCE 
It is crucial that you, as a business owner, keep tabs on the movement of your money, especially when large amounts are involved. Keep looking at your company’s financial performance in comparison to the past financial statements to project your future revenue, expenses and cash flow.
WHO I AM‌ 
Sam Bizri is a successful businessman who provides the help in finance business management and cross-functional team leadership currently lives in New York.