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, […]

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 […]

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 […]

12 Steps to Successful Entrepreneurship

Entrepreneurship is a goal to which many wish to aspire. But, why do so many fall short? In my two decades of helping small business owners to grow their businesses, here are 12 things that I often see overlooked. 1.) […]

When To Find A New Bank

Small business owners and banks endure a love-hate relationship since one needs the other to thrive. Small businesses not only need access to capital financing, but they also need a secure place to keep their earnings. Banks need small business […]

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 […]

The Top 10 Reasons Why Small Businesses Fail

Why do some businesses succeed when others fail?  While it may seem to be a matter of luck, in reality there are common mistakes that kill many small businesses before they ever get off the ground.  Give your startup a […]