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Asset-Based Lending: The Cost of Capital v. Opportunity Cost

In the world of Asset-Based Lending (“ABL”), Accounts Receivable Financing and Factoring, many times the first objective we hear from a potential prospect is, “I can’t afford alternative financing because it’s too expensive.”  While that is certainly a valid consideration, […]

Why a Business Needs a Business Plan

Business planning may be arduous, but skipping this step can leave you uninformed about your firm’s place in the market. The type of information gathered during the planning process can help you foresee potential risks and develop strategies for dealing […]

Six Things You Can Outsource to Grow Your Business

Maybe you’ve got mixed feelings about outsourcing. As a business owner, you realize two things. One, in America outsourcing is still a dirty word. Two, it’s also critical to modern business. Regardless of how you feel about it, outsourcing is […]

How to Increase Sales in a Competitive Market

For 30 years now, the positions that I held required me to do sales. Even as a small business owner, I am responsible for the sales that are generated for my company. The sales profession moves faster than ever today. […]

Understanding Crowdfunding

What is Crowdfunding? The definition from Forbes.com is “the practice of funding a project or venture by raising many small amounts of money from a large group of people, typically via the Internet.” It started mainly as a way to […]

In a Cash Crunch? How to Get Money Fast

As a business owner, circumstances will arise in which you will need some cash – fast. It might be to pay taxes, meet payroll, buy some equipment, make a down payment, etc. If you don’t have that cash readily available, […]