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 Invoice Financing when you cannot qualify for a Business Loan
According to The Service Corps of Retired Executives (Score), 82% of start-ups and small businesses fail because owners have a poor understanding of cash-flow management and lack the ability to access working capital needed for growth. One funding option that […]
What Are Business Cash Flow Loans?
The term “cash flow loan” may be used to describe two different types of financing: A loan for cash flow purposes. A loan that’s collateralized or repaid by cash flow. Loans for cash flow purposes help businesses manage their inflows […]
The 10 Best Life and Business Lessons I’ve Learned So Far
This month I am celebrating 5 years in business, which has prompted me to look back and reflect on the lessons and pieces of wisdom I have gained throughout my life and career. I have been fortunate enough to face […]
Five things that cause poor cash flow
Poor cash flow is a critical concept that many entrepreneurs don’t fully understand. I believe this is because they usually hear about it from accountants who try to explain it in accounting terms. Poor cash flow is an operational issue. […]
Ten Ways to Get the Most Out of Business Networking
Business networking is when a group of like-minded business people gather and help each other. If you check, you will surely find a networking group in your area. The networking group can meet as often as it wishes and is […]
Overcoming the Myths of Receivables Factoring
Many professional advisors and consultants – including CPAs and Bankers – are sometimes hesitant to recommend accounts receivable financing aka factoring to their customers. The problem is that many misconceptions exist concerning this option, so lets look at the top […]
How you can inspire others
Live by choice, not by chance. Make changes, not excuses. Be motivated, not manipulated. Work to excel, not compete. Listen to your own inner voice, not the jumbled opinions of everyone else. This is the way to inspire people! This […]
How to Better Manage Your Cash Flow
Cash is king when it comes to the financial management of a growing company. If the lag between the time you have to pay your suppliers and employees and the time you collect from your customers is the problem, the […]
Ten Tips for Improving Customer Service
The way your customers feel toward you is important. The more you show you care about them, the more they’ll likely want to continue working with you. Customer service is an integral part of our job and should not be […]