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 […]
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 […]
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 […]
5 Ways to Keep Your Business Alive During a Slow Season
Even after a highly successful stretch, a slow season can come along and make your year-to-date profits seem obsolete. The dreaded slow season, which varies by type of business and location, is often a business owner’s worst nightmare, but it […]
Five Things Prospective Investors Look for in a Business Plan
Before writing a business plan, put yourself in the place of a potential investor. Consider what they might be looking for when reviewing your document. Obviously, investors expect to see the details of the business, such as the type of […]
How To Improve Your Credit
In a segment that aired on Sunday, Feb. 17, 2013, Steve Kroft from “60 Minutes” reported that a recent Federal Trade Commission study shows that an estimated 40 million people have errors on their credit report. To further the problem, […]
Finance Your Start-Up with Credit Cards
“Guitar Hero III”: Legends of the Rock” became the highest grossing game in U.S. history in 2011. And to think Charles Huang, the former partner of Harmonix and designer of the little plastic guitars, maxed out his credit cards to […]
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 […]