I decided to write my next blog on this topic since these same questions kept being asked during several of my presentations on factoring of accounts receivables. * How long does the process take in getting signed up? The average […]
Advantages to Equipment Leasing
Commercial equipment financing is becoming the best financial option for businesses of all sizes. What is a lease? With a lease, you pay a certain monthly fee for the rights to use the equipment. At the end of the lease, […]
Non Recourse Factoring vrs. Recourse Factoring
I will start by saying that the subject of non recourse and recourse factoring is one of the most misunderstood of the industry. I think it’s a combination of the fact that the term non-recourse is used in other financial products and […]
Fulfill Your Biggest Orders Using Purchase Order Financing
Do you want to accept larger orders but lack the working capital financing to fulfill them? Using purchase order financing gives you the ability to fulfill all your sales orders, even those that exceed your norm in volume or scope. […]
Tips on Setting Your New Years Business Goals
Set Specific Goals Setting goals is important. That is how you convert abstract IDEAS (i.e. cut expenses, increase sales) into specific, concrete TARGETS (i.e. reduce G&A by 5% before the next stockholder meeting, increase sales of retail brands by $60,000 […]
10 Tips for Holiday Giving to Charities
The holidays are approaching quickly. Here are 10 tips for Holiday giving to charities. Please review these tips to make sure you protect yourself from getting taken advantage of and to make sure your generous gift is used for the […]
Celebrating my Journey to “A Year in Business”
Last October, I decided to take a leap of faith and start my own business. I had been working for other companies since 1976 and was used to getting that steady paycheck. With only eight months of money in my […]
Overcoming the Financial Limitations of Growing your Business
How many new customers did your business sign this month? Do you have so many customers right now that adding new ones seems impossible? Many companies I meet with tell me they have so much business right now, there’s no […]
Understanding Alternative Financing
WHAT IS FACTORING? A financing method in which a business owner sells accounts receivable at a discount to a third-party funding source (factor) for immediate cash. In a typical factoring arrangement, the client (you) makes a sell, delivers the product […]
Bartering Small Business Services
Remember when you were a kid and traded a bag of potato chips for a peanut butter and jelly sandwich at lunchtime? The concept was simple and two people received something they really wanted without any exchange of money. Today’s professional service […]