Set Up Your Business For Success
More that 625,000 small businesses are started every year. Each one represents the business owner’s belief that their company will succeed and thrive in the marketplace. Sadly, almost half of these companies will close within five years according to the Bureau of Labor Statistics. Here are few tips to help you stack the odds in […]
Invoice Factoring Versus Traditional Bank Loans
We get asked a lot the differences between obtaining financing at a bank and using a factoring company? As business owners are looking for additional financial sources, whether to take advantage of growth opportunities or to fight off increasing inflationary pressures, it’s important to choose the financing source that will best fit your needs. Traditional […]
Examine Your Funding Options
As banks become more conservative in their lending practices many business owners are turning to alternative lenders to meet their financing needs. Business owners can quickly be overwhelmed by all the web-based business lenders. Many of these lenders will deluge a business owner with requests for bank statements and offers to take money today. Some […]
Six Reasons To Use the Best Factoring Company
Asking a bank for a working capital loan is one way to give your company the additional cash it needs. However, the days of easy credit are over, and banks have tightened their lending standards. Many business owners are turning to alternative financial sources, like factoring. Invoice factoring is a good solution since it dramatically […]
Three Dangers of Funding Your Business With Credit Cards
Being a business owner is a lot of work. The challenges are non-stop. First you have to go from a business idea, to generating revenue to developing a loyal customer base. While doing all this, staying on top of your companies’ finances is crucial to the success of your company. It can be tempting to […]
Create a Customer Focused Culture
Artificial Intelligence, chat bots, the cloud are all changing the way we work. In most cases the change is for the better. But there are some things that still require the human touch. Despite all the automation advances in technology, nothing can replace a caring, empowered employee for great customer service. This philosophy must be […]
Maximize Your Factoring Relationship
Requests for bank loans by small, medium enterprises is still steady. But with the uncertain economy, banks have tightened their lending standards. This leaves more and more business owners looking to alternative lenders to meet their financing needs. As more business owners investigate factoring there remains an amount of confusion about invoice factoring and the […]
Austin Staffing Companies Grow With Factoring
Invoice factoring is a popular way to finance growing staffing companies without going into debt. Staffing agencies sell their accounts receivable to the factoring company and get the cash they need to operate without having to wait for their customers to pay. American Receivable has a flexible factoring program that keeps the staffing company in […]
Austin Companies Strengthen Supplier Relationships With Factoring
Austin business owners are benefiting in an unexpected way from factoring their invoices. They have discovered that with the cash generated from factoring they often become a preferred vendor by their suppliers. Having a good relationship with your suppliers is secondary only to having a good relationship with your customers. Business owners realize how critical […]
Customer Care Versus Phone Trees
Everyone dreads having to call customer service. What was once a straightforward procedure has now become an obstacle course of pressing 2 for English, yelling “representative” repeatedly, and deciphering a foreign dialect. All these customer service features are supposed to make the companies’ service more accessible while keeping costs down. But experientially they are frustrating […]
