Business Tip: Perfect Your Elevator Pitch

elevator pitch

Whether you’re describing your business to strangers or trying to land a new customer its important to have a clear, compelling elevator pitch prepared.  Some business owners will default to describing who, what, where when and why of their companies.  This can work when talking with industry insiders who understand the jargon, but it is […]

Austin Business Owners Get the Funds They Need

austin small business

If you’re an Austin business owner who waits weeks or even months to get paid by your customers, then accounts receivable factoring may be a good solution for you. Invoice factoring allows the business owner to get the money they need now by selling their open invoices for cash.  Unlike a conventional bank loan, factoring […]

Rent Inflation in Austin, TX and How Factoring Can Help

rent increase in austin, tx

A recent survey of Rents paid by small to medium sized businesses shows worrisome trends.  In this survey, 33% of U.S. based SMBs could not pay May rent in full and on time.  That’s up 5% April.  The report also shows that 52% have experienced rent increases in the past six months.  As Austin entrepreneurs […]

Austin Entrepreneurs Are Turning to Factoring

austin small business

Many Austin business owners are facing the challenge of finding additional funding for their growing business.  In response to the economic uncertainty, traditional banks are tightening up their lending policies.  Meaning more small and medium sized businesses are being turned down for a loan.  Business owners face several hurdles when it comes to applying for […]

Protect Your Company From Credit Risk

credit risk management

This economy is constantly throwing new challenges at business owners.  Supply chain issues, a chip shortage, a labor shortage, and constantly rising prices are squeezing the profit margins of many businesses.  With these pressures a business owner cannot afford for a customer to not pay an invoice. Deciding which customers to extend credit to is […]