If you own a small business, the odds are good that you’ll need an injection of cash from time to time. In 2023, 93% of small businesses with employees faced a financial challenge, according to the Federal Reserve’s 2024 Report on Employer Firms. But why might you...
In the delicate dance of entrepreneurship, modern small business owners face the challenge of growing their businesses while also managing their intricate business finances. In our recent survey, nearly 80% of business owners handle their own accounting and finances....
Since we started back in 2020, not only have our customers been growing and evolving, but so have we. From our beginning as business banking with simple expense management tools, Lili has gradually grown into a platform of smart financial solutions, combining advanced...
The path to small business success is smoother when you are in control of your spending. As you work through the everyday challenges that are a part of running a business, it’s important to avoid slowing your momentum as a result of wasting resources. Efficient...
So you’ve made the exciting decision to open a salon… What’s next? We’ve developed a guide to help answer that question, taking you from your initial idea to opening day and beyond, covering everything from market research to business management essentials. Whether...
There are several financial statements produced by businesses to indicate their financial health: the income statement, balance sheet, and cash flow statement. A cash flow statement reflects the actual amount of cash a business has on hand, helping to assess the...
