8 Tips for Setting Up a Killer Invoicing System That Always Gets You Paid

A polite but insistent invoicing systems gets you paid sooner and with less hassle.

Asking your clients or customers to pay an invoice isn’t the highlight of the day for business owners. However, it’s an essential task that will make or break your business. That’s why having a formal, professional invoicing system is so important.

It will also help you keep track of your accounts receivable and billing. This makes invoicing as painless as possible for both you and your paying customers. In turn, this will get cash flowing more quickly into your bank account.

But, how can you create a well-oiled invoicing machine? Start by implementing these eight tips when setting up a killer invoicing system.

Source: 8 Tips for Setting Up a Killer Invoicing System That Always Gets You Paid

The Epic Guide to Bootstrapping a SaaS Startup from Scratch — By Yourself (Part 1)

No co-founders. No funding. No connections. No customers. No — you’re not nuts.

Are you like me and completely sick of all the patronizing startup advice out there? You know, the kind that goes like this:

Source: The Epic Guide to Bootstrapping a SaaS Startup from Scratch — By Yourself (Part 1)

How to Start a Business With (Almost) No Money

Don’t overlook three options you have when starting on a shoestring.

You’re excited to start a business. Maybe you have an idea, or you’re just fascinated with the idea of launching and growing your own enterprise. You’re willing to take some risks, like leaving your current job or going without personal revenue for a while. But there’s one logistical hurdle stopping you: You don’t have much money.

Source: How to Start a Business With (Almost) No Money

4 Money-Management Tips To Help You Bootstrap Your Business

My co-founder Dan Foley and I bootstrapped Tailored Ink back in August 2015. We spent a combined $1,000 to get it off the ground and kept our costs low. Flash-forward to today, two years later, and we’re swiftly closing in on the $1 million mark. We still haven’t maxed-out our credit cards or applied for a business loan.

Want to know how we did it? Here are some financial habits we learned on our way to becoming successful business owners.

Source: 4 Money-Management Tips To Help You Bootstrap Your Business | Entrepreneur.com

BOOTSTRAPPING: 12 Tested Ways to Generate Cash Without a Product Yet

Studies show that running out of cash is the most recurring reason why startups die.

I experienced that [ran out of cash] and I don’t want it to happen again. It’s, well, very frustrating!

I did some research and found several ways to bootstrap a business.

Source: BOOTSTRAPPING: 12 Tested Ways to Generate Cash Without a Product Yet

How To Choose The Best High-Risk Credit Card Gateway For Your Business

Photo by Meriç Dağlı on Unsplash

A high-risk business is one that is considered to operate in a high-risk industry or one with a high risk of financial failure. Such business includes online gambling business, online dating, CBD business, medical marijuana business, online pharmacies and drugs stores and many others.

Source: How To Choose The Best High-Risk Credit Card Gateway For Your Business | Young Upstarts

How To Avoid The Number One Cause of Business Closure

Photo by Jesus In Taiwan on Unsplash

Around the world, the top reason for closing a business is lack of profits, according to the Global Entrepreneurship Monitor. And turning a profit starts with generating enough revenue—the kind that keeps on flowing and consistently covers your overhead. For many one-person service businesses, attracting this revenue is elusive. It’s not necessarily because they have a  bad product or service. People who are top experts in their field or great at their craft aren’t necessarily comfortable marketing themselves or selling their services.

Source: How To Avoid The Number One Cause of Business Closure

This Chicago Startup Sold Its Protein Bar Company for $600 Million to Kellogg’s

The story of Peter Rahal, co-founder of RXBAR.

“I remember distinctly early in my business when I was asking my dad about all the investor money I needed to fulfill my vision for RXBAR. He told me very directly, ‘You need to shut up and sell 1,000 bars.’.”

That’s all Peter needed to hear. He started walking door to door to coffee shops and cross-fit centers in his neighborhood.

Source: This Chicago Startup Sold Its Protein Bar Company for $600 Million to Kellogg’s | Inc.com

How To Bootstrap Your Startup By Selling Services

There’s a big change that I think needs to happen in the way we build businesses. It’s a change I can see coming, not for everyone, but for some few people who see a business as their life’s work, not their payday. Can a business be more than just something you build to flip to the highest bidder? Is that possible?

Source: How To Bootstrap Your Startup By Selling Services – GROWTH MAFIA – Medium

5 Ways to Bootstrap Your Vision Into Reality Without Outside Funding

Photo by Robin Benzrihem on Unsplash

Investment in SEO will eventually pay off.

In this post, I use a few examples from the summit of founders building different products and services to show you what I found to be the five common strategies that helped those entrepreneurs go from idea to first paying customer and scaling sales significantly under limited to no budget. The journeys of the founders I specifically chose as an example to support each one of the five strategies represent a perfect case study and sample for the whole group of interviewed founders. (Note: I have no business relationship with any of the people or businesses named.)

Source: 5 Ways to Bootstrap Your Vision Into Reality Without Outside Funding