Business Tips To Set Up Your Business for Success
Many business owners can become victims of their own success. The very skills and talents that helped them go from being a tiny new start-up to a becoming a successful venture can prove limiting if the entrepreneur does not learn to delegate the responsibilities of the day to day job of running a business. Some […]
How To Deal With Slow Paying Customers
If a business owner offers their customers terms at some point, they will have to deal with a customer who does not pay within the stated terms. Slow paying customers put a strain on the company’s cash flow and can jeopardize future projects. The key to collecting past due invoices is to be pro-active as […]
Factoring for Cash Flow Management
Businesses with slow paying customer often sell their invoices to a factor to avoid a cash-flow crisis. The factor buys the invoices, advancing 85%-90% of the invoice amount, after checking the credit-worthiness of the billed customer. When the invoice is paid, the factor remits the balance, minus a nominal factoring fee. Business that utilize factoring […]
Don’t Miss an Opportunity
The economy is reopening. The employment numbers are improving, and business owners are seeing opportunities that have been delayed by pandemic. All of this is good news. At the same time, banks have their hands full dealing with PPP loans and their underwriting has gotten stricter. A case in point, we had factored a specialty […]
