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, […]
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 […]
Survive and Thrive – in Business
Year Three….hard to believe it has gone by so fast. I reflect back to the fall of 2010 when I decided to leave Corporate America after 30 years to take that leap of faith and start my own business. With […]
End of Year Checklist for Every Business
For small business owners the end of the year means more than holiday parties and last-minute shopping, it’s also the time to get business in order for the New Year. While it may be hard for small business owners to […]
Frequently Asked Questions about Factoring Accounts Receivables
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 […]
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 […]
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 […]