We have seen in previous posts how Factoring of Accounts Receivable can help many different types of businesses. From the service industry to the distribution sector, Factoring can make a big difference for almost any company. But what about the specific case of trucking companies? Here are four benefits of Receivables Factoring for these organizations.…
Factoring of Accounts Receivable is a convenient solution that many types of companies can use to get cash fast. The problem is that if you are not familiar with Factoring it can be difficult to know what to look for in a Factoring company. That’s why we have created this brief guide with four questions…
In previous posts, we have explored some basic aspects of Invoice Factoring, from the businesses that can benefit from Factoring to the Factoring terms every small business owner should know. Today we would like to answer some frequently asked questions about Factoring of Accounts Receivable. This financing alternative is extremely flexible and convenient, and we…
One of the most common questions about Factoring of Accounts Receivable is what businesses can benefit from it. The answer must be divided into categories because factoring offers multiple advantages that appeal to different types of businesses. With Factoring, you don’t have to wait 30 to 90 days to get paid from your clients because…
Amidst a global pandemic, your business needs you at your most focused. But as is often the case, distractions have a way of multiplying when you need to concentrate. From avoiding the pitfalls of social media to streamlining the way you manage your accounts receivable, here are some steps you can take to avoid distractions…
Invoice Factoring is an attractive funding option for small business owners. However, as is often the case with financing, it’s a good idea to understand a few key terms to get a clear picture of the process. Invoice Factoring consists in selling your invoices to another company that takes care of the collection process and…
Invoice Factoring is a smart funding strategy that many small business owners are using to face the challenges of today’s business landscape and run their organizations more smoothly. While Factoring can be a game changer for many businesses, owners sometimes hesitate to consider it as an option because they don’t have the right information at…
Few things affect the cash flow of a small business as much as slow-paying clients. Besides, dealing with this type of situation is stressful and time-consuming, resulting in even more resources drained from your business. Use the following strategies to prevent delays in payments, or to handle them more efficiently when they occur. Offer Discounts…
Time management is essential for every business owner. Accomplishing more in a shorter period of time allows you to take advantage of more revenue opportunities, which has a direct impact on your bottom line. Prioritize Three Tasks Every Day Choose every day the three most important things you must absolutely get done and focus on…
Running a small business is rewarding, but it can also be very challenging. Do these three simple things to prepare for change, improve your current situation, and make sure to keep your small business running smoothly no matter what. Monitor Trends Make a conscious effort to stay current on changes in your industry. The pace…
