Selling accounts receivable to obtain short-term funds is called factoring, AR financing, AR discounting, and AR factoring. Though it goes by many names factoring offers a fast solution to business owners who are facing a cash shortage. The factoring company will base its decision, buy the accounts receivable based on the credit strength of the […]
What Factoring Is and What It Isn’t Factoring is not a loan. You are not paying the factor back, your customer is. Factoring is not a good solution for long term debt like buying a building or equipment. And factoring is not an option for companies in the pre-revenue stage. Factoring, also known as accounts […]
Welcome to 2020! Most business owners will share a very similar list of goals for the New Year. Trying to reduce costs, add customers, improve margins are resolutions most entrepreneurs share. These goals are numbers oriented but they are all driven by relationships. An often overlooked, but crucial relationship for the business owner is with […]
Striving Towards Financial Stability in the New Decade 2020 has arrived, and for many companies the new year brings with it new goals to strive for over the coming months as well as the decade ahead. These ambitions can take a variety of different forms, but for many staffing agencies growing to accommodate more employees, and achieving financial success are among the list. While there […]
Owning and operating a small business takes dedication and hard work. As 2019 comes to a close, it’s a good time to take a look back at the business practices that worked well, and which ones need to be improvement. Consider these tips to make sure your business remains successful in the coming year. FOCUS […]
Cash flow is apparently the most significant estimation of your organization’s financial health. All things considered, without cash close by you can’t pay your staff, restock product or grow your business. With regards to estimating the strength of your cash flow, it’s insufficient to simply check your ledger balance. You’d increase substantially more understanding by […]
Running a small business can be tough, frustrating, and requires most owners to wear multiple hats. While most owners are comfortable being involved in sales, marketing, production and even HR, many feel completely out of their element when it comes to financing. While this is an area that’s typically better left to those with the […]
Female business owners feel that their access to working capital is much less than accessibility of businesses owned by men. A large number of business owners feel that businesses owned by women will never have the same options and availability for working capital or cash flow options as businesses owned by men, while some think […]
Experts believe that managing working capital and maintaining cash flow is the key to surviving as a small business. This can be a challenge, especially in the early years. Many businesses therefore, must rely on alternative financing resources to survive. The early years in business can be tough in in the best of times. Most […]
Are you in need of a Business Makeover… Financial management is the heartbeat of every business. Money comes in and goes out so it’s critical to ensure you’re following the right path to maintain a positive cash flow. As most businesses grow, their customer base the supply chain becomes more complex. Attending to the books and […]