In the old days, if someone needed their cash, they would head down to the bank, fill out a form, stand in a long line, hand the form over, wait while someone counted the money, then counted it again, before they tucked the crisp bills into a neat white envelope and handed it over.
Building a business takes money. If you’re starting a brick-and-mortar traditional business, it could take tens of thousands of dollars to get things rolling. If you’re dealing with intensive infrastructure needs, you may need even more — in the realm of hundreds of thousands or millions of dollars. At the other end...
Your postage machine just stopped working, and you need to send one of your employees to the post office fast to get some stamps. The only problem is she has no cash and her credit card is maxed out.
That’s where petty cash comes in. Petty cash is the money...
Lessons I learned along the way.
In a 'touchless' society, is there an app for everything? According to recent data, we're well on our way. Shutdowns, remote work setups, and shelter-in-place efforts have drastically changed personal and professional societal norms, and with the average...
Credit cards provide a line of credit you can borrow against, but you don’t have to pay back your entire balance all at once. You can use your credit card to make purchases, take out a cash advance or set up a balance transfer, and you get the option to make payments in any amount that is more than the minimum monthly payment your credit card requires.
Convincing buyers to open their purse strings for your product is the goal of any business. To that end, many entrepreneurs spend their early years obsessed with their product, working to ensure nothing on the market compares. Regardless of intent, spending the bulk of your energy on the product is a dangerous mistake.
The 90-year-old Radio Flyer factory in Chicago is an exemplar of onsite innovation. Brainstorming takes place in the Engine Room, which is awash in whiteboards and Post-it notes. CNC machines and 3-D printers chug away in the Prototype Shop. In the bright, airy Play Lab, staff members observe children scooting around on the company's...