Get Started Today!  (813) 749-0895    SEARCH SITE

IT Professional Services and Business Continuity

Symmetric Engineering Group Blogs

If You’re Struggling Due to Cash Flow, You Aren’t Alone

If You’re Struggling Due to Cash Flow, You Aren’t Alone

Between you and me, how is your business doing financially? If you answered with something along the lines of “not great,” you are certainly not alone. Cash flow is an issue for businesses all around the world, as a recent report from Intuit makes all too clear.

Intuit QuickBooks released the results of a study performed to establish where small businesses stand as far as their cash flow is concerned. This study, entitled The State of Small Business Cash Flow, revealed that cash flow issues have had a significant impact on businesses. Having surveyed 3000 small businesses with fewer than 100 employees in the United States, United Kingdom, Canada, India, and Australia, Intuit was able to identify a few major business concerns.

Common Issues
According to this survey, 61 percent of small businesses have regular issues with their cash flow, with 42 percent of this group having had a cash flow issue within the past year. Of these businesses, 32 percent have been short on capital - rendering them unable to pay for one of their other obligations, like loans, vendors, or even their employees. Over two-in-five small business owners have faced the prospect of being late with their employees’ payments, while 32 percent have been forced to do so.

In the United States specifically, insufficient cash flow has contributed to considerable missed opportunities. Businesses have lost an average of $43,394 by passing on projects or sales thanks to these insufficiencies, more than half having lost at least $10,000.

Clearly, there’s an issue here.

The Underlying Cause
According to the survey, small businesses in the U.S. average a total of $53,399 in outstanding receivables. That’s $53,399, owed to the business, that has yet to be paid. On average, businesses wait 29 days before their payments are received.

It is this delay that causes the major issues outlined above in businesses.

If you’re tired of waiting around to be paid for your services, reach out to Symmetric Engineering Group. We have the expertise to identify and implement the solutions you need to efficiently invoice your clients and customers, providing them with flexible payment options. Reach out to us at (813) 749-0895 to learn more!

Fishing for Answers to Keep Phishing Attacks from ...
Tip of the Week: Android Pie Tips and Tricks


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Thursday, March 21 2019

Captcha Image


Mobile? Grab this Article!

Qr Code

Tag Cloud

Security Tip of the Week IT Services IT Support Best Practices Technology Managed IT Services Business Computing Cloud Email Privacy Hackers Malware IT Infrastructure Management Hosted Solutions Business Continuity Internet Business IT Companies in Tampa Data Productivity Business Mobility IT Support Services Data Backup Software Outsourced IT Business IT Solutions I.T. Management Microsoft Network Security Managed Service Provider IT Professional Services Productivity Computer Custom Business Solutions Mobile Devices Data Recovery IT Management Tech Term IT Business Solutions Ransomware Innovation Business Applications Cloud Computing Technology Consultants Android Google Managed IT Service in Florida User Tips Managed IT Service Business IT Support Managed IT Windows Workplace Tips Windows 10 Internet of Things Upgrade Hardware Business Management Managed Services in Florida I.T. Support Disaster Recovery IT Support Remote Monitoring Small Business IT Risk Management Dynamic Solutions Backup I.T. Services Collaboration IT Support Services in Tampa Browser Efficiency Encryption Communication Holiday Smartphones Server Smartphone IT Outsourcing in Tampa Microsoft Office Data Management IT Services in Florida Phishing IT Service Network IT Support in Tampa Save Money Paperless Office Artificial Intelligence Cybersecurity VoIP Social Media Gmail Managed Services Windows 10 Mobile Device Management BYOD App communications Office 365 IT Managed Services Mobile Device Vendor Management Managed IT Services Managed Services in Tampa Bay Passwords Tech Companies in Tampa BDR Applications Unified Threat Management Firewall Bandwidth IT Services in Tampa Antivirus Compliance Operating System Risk Management Tampa IT Support Automation Employer-Employee Relationship Bring Your Own Device Customer Relationship Management Website Healthcare Computer Networking Apple Word Two-factor Authentication Tip of the week IT Outsourcing in Florida Government Managed Service IT Service Management Information Saving Money Data Computer Services IT Company Business Plan Document Management Analytics IT Vendor Management Project Management Scam IT Outsourcing Vulnerability Facebook Business IT Support Services Wi-Fi Chrome Business Technology Content Filtering Small Business IT Solutions Infrastructure Managed Service in Tampa Money Router Office Computer Hardware Repair SaaS Quick Tips IT solutions The Internet of Things Remote Computing Unified Communications Apps Mobile Computing Miscellaneous Data loss Settings Data storage Big Data Tablet Wireless Storage Regulations VPN Net Neutrality Help Desk IT Management Services Telephone Systems Wireless Technology Retail Maintenance IT Company Data Security WiFi Customer Service Hosted Solution Blockchain Robot Alert Virtual Desktop Remote Workers Office Tips Printing YouTube Google Drive Uninterrupted Power Supply Search End of Support Licensing Computer Support Network Congestion Virtualization Machine Learning Computer Network Services Mouse Business Application Training I.T. Company Users Computer Networking Services Redundancy Spam Social Budget User Error Flexibility Patch Management IoT How To Access Control HIPAA Server Management Software as a Service Solid State Drive File Sharing Computing Employees Digital Payment Recovery LiFi Internet Exlporer Company Culture Network Management Augmented Reality Monitors Presentation Information Technology Outlook Files Laptop IT Consulting Mobile Security IBM Virtual Private Network Administration Managed IT Outsourcing Assessment IT Support Helpdesk Smart Technology IT Companies in Florida Business Continuity Services Virtual Reality Politics Mobility Downtime Microsoft Virtual Server Hosting in Tampa and Florida Remote Monitoring and Management Management IT Management Service Wires Human Error Co-managed IT Health Care IT Services Distributed Denial of Service Smart Tech Undo IT Managed Service Provider E-Commerce Spyware Halloween Consulting Services Unified Threat Management Operations Managed Service in Florida Outsourced Computer Support Cyber Monday G Suite IT Consulting Service Corporate Profile USB Database Techology Language Vulnerabilities Authentication Chatbots Help Desk Support History Automobile User WPA3 Financial Address IT Service in Tampa Jobs Notes Lenovo Permissions Server Hosting in Tampa Domains Enterprise Resource Planning Bookmarks CIO Google Calendar Permission Shortcut Computers Business IT Solutions Break Fix Connectivity Business Growth Point of Sale Competition Hard Drive Features Scary Stories Service IT Printer Wearable Technology Best Practice Modem Digital Signature Hard Drives WannaCry Identities Voice over Internet Protocol Disaster Resistance Computing Infrastructure Geography Authorization Servers Legislation Identity Disaster Avoiding Downtime Google Docs Fleet Tracking Procurement Hard Disk Drive Electronic Medical Records PowerPoint Superfish Fraud Public Speaking Mobile Favorites Time Management Save Time Test Software Tips Display Full Service IT Dark Web Samsung Healthcare IT Cache Electronic Health Records Sports Computer Repair IT Solutions for Small Business IT Support Companies in Tampa Heating/Cooling Marketing Cookies Managed it Services in Tampa Travel Cryptocurrency Humor Monitoring Windows 7 Proactive IT Alerts Chromebook High-Speed Internet Safety Comparison IT Vendor Management in Tampa Gadgets Sync Asset Tracking Security Cameras Cortana Data Technology Professional Services Server Hosting Programming IT Tech Support Hacks Conferencing Identity Theft Backups MSP RMM Education Data Warehousing Recycling Cyberattacks Computer Care Firefox Microsoft Affiliate Program SharePoint IT Technicians IT Support and Solutions Private Cloud Statistics Technology Tips Nanotechnology Managed Service Providers Cost Management Bitcoin Star Wars Consulting VoIP Alt Codes Data Breach Cooperation Managed Services in Floirda Google Wallet Development Zero-Day Threat Specifications Social Networking Network Support in Florida Mobile Device Managment Business Continuity Service Providers OneNote Remote Worker Knowledge Writing Virtual Assistant Networking Tech Support Technology Consulting Firms Current Events Managing Stress Instant Messaging Touchscreen Server Hosting in Florida Information Technology Consulting Legal Proactive Tech Terms Cabling Fun Microsoft Excel Health eWaste Read Only Buisness Microsoft Business Solutions Downloads Mirgation IT Managed Service in Tampa Backup and Disaster Recovery Google Maps Bluetooth Screen Reader Tech Company in Tampa Meetings Windows 8 Professional Service Utility Computing Managed Services Provider Digital Typing Dark Data Application Technology Laws Staff IT Company in Tampa Websites Password Drones Cables Black Friday Motherboard Hacking Employee-Employer Relationship ROI Experience Deep Learning Social Engineering Wasting Time Hotspot Going Green Enterprise Content Management Finance Hacker Tampa IT Services Help Desk Support in Tampa IT Consulting Services Theft Mail Merge Careers Top IT Outsourcing Company Consultation Trending Intranet Multi-Factor Security Migration 5G Twitter Webcam Taxes Upgrades Botnet Lithium-ion Battery Telephony Supercomputer IP Address I.T. Managament Tracking Processors CrashOverride 3D Printing Emoji Black Market Update IT Budget Mobile Office Business Appplications Administrator Hiring/Firing Managed Servers Work/Life Balance Thank You Regulation Web Server Cleaning Relocation IT Consultant Refrigeration Law Enforcement Congratulations Notifications Unsupported Software Virus Physical Security Motion Sickness Cameras Cybercrime Emergency Gadget Error Personal Information Staffing Mobile Data Saving Time CCTV Running Cable How To Public Cloud Crowdsourcing Printers GPS

Latest Blog Entry

Phishing attacks have been in the social consciousness now for a while, and for good reason: it is the predominant way that hackers gain access to secured networks and data. Unfortunately, awareness to an issue doesn’t always result in positive outcomes. In this case, hacker...

Latest News

SEG Awarded Small Business of the Year Award!

Symmetric Engineering Group was awarded the Upper Tampa Bay Chamber Small Business of the Year Award for their understanding technical service and support throughout the Tampa Bay area

Read more ...

Account Login