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What to Do after Invoice Factoring

What to Do after Invoice Factoring

Invoice factoring is simple. You sell your invoices to a factoring company for a small fee, and in return, you are provided with immediate cash for the services or products you have sold. Many businesses turn to factoring when they realize their working capital (or lack thereof) is holding the company back. They need more […]

Business Tips for a Successful 2017!

Business Tips for a Successful 2017!

Was 2016 just as bad for your business as it was for humanity? Good thing it’s a new year! Take some time to look over your company’s 2016 statistics. What went right? What went wrong? It’s time to tweak your business plan and start fresh. Here are some tips to help you have a successful […]

Managing Finances during Economic Crisis

Managing Finances during Economic Crisis

With a new President-Elect taking office on Inauguration Day, businesses and citizens across the country are holding their breath. How will Donald Trump shape the economy? Will his policies help bolster the working class? Will industries suffer or rise? And what about consumerism? Will your current buyers remain financially stable enough to continue supporting your […]

How to Prepare for the Holiday Rush

How to Prepare for the Holiday Rush

With Thanksgiving and Black Friday behind us, it is safe to say that at this point, you are aware whether or not you took the appropriate steps to survive the holiday rush. The holiday season brings a high chance for profits, but if not prepared for correctly, you could end up over-staffed with little inventory […]

Hire a Factoring Company for Slow-Paying Clients

Hire a Factoring Company for Slow-Paying Clients

Nothing eats away at the success of a business like the slow-paying client. They reap the benefits of your prompt goods and/or services, and then they dawdle when it’s time for your reimbursement. Not only do you, as the company, suffer from a lack of cash flow; you also become stretched for time. The same […]

5 Ways Your Business Benefits from Factoring

5 Ways Your Business Benefits from Factoring

When business owners think about financing, they get a little scared. Every business owner has heard their fair share of horror stories associated with financing, and just one could turn them away forever. The truth is, most of these horror stories involve the bank. Banks have high interest rates on business loans and their money […]

Repricing Your Goods or Services: Things to Consider

Repricing Your Goods or Services: Things to Consider

Businesses make money off of the services or goods that they sell, but pricing those goods or services is harder than it may seem. The price tag on an item tells the customer a few things. For one, it sets a level of expectation on the quality of your product or service, so a high […]

Is It Time to Grow Your Staffing Company?

Is It Time to Grow Your Staffing Company?

As the United States has suffered through the most recent economic downturn, the staffing industry experienced a surprising boost. With so many people in need of employment, and so much competition, individuals started turning towards staffing companies for placement. Today, many staffing companies could benefit from re-examining their business goals and considering expansion. Should you […]

What Should Your Extra Working Capital Be Used For?

What Should Your Extra Working Capital Be Used For?

Most steady businesses find their bank accounts bobbing just above and just below the waterline of a perfect revenue stream. Many business owners find contentment in this steady bob because they know how hard it is to simply keep the doors open, but contentment has never made a business exceptional. Businesses who are teetering on […]

The 3 Biggest Financial Mistakes Business Owners Make

The 3 Biggest Financial Mistakes Business Owners Make

A successful and thriving business is the dream, but very rarely the reality. If you were able to peer inside the past five years of any successful business’s bank account, the numbers are more likely to wax and wane than to resemble a steady uphill path to riches. The key is to ensure your finances […]

How Are Cash Flow and Profit Related?

How Are Cash Flow and Profit Related?

As a business owner, you must know on some level how cash flow and profit differ – but how deeply do you understand that concept? With profound knowledge and understanding of your business’s cash flow versus its profit, you can gain key strategies to propel revenue upward. Let’s examine the major differences between cash flow […]

Why Is Working Capital Important to a Business?

Why Is Working Capital Important to a Business?

It is fair to say that every business has at least one thing in common: the goal to make money. What they don’t have in common, however, is how they choose to go about bringing in that money. Many businesses fail to achieve their most important goal. Why? Most often, it’s not due to a […]