As the major economies start to stabilise and the risk of a depression fades into the distance many are reflecting on a few important points. Firstly, how did it all happen? Secondly, how can they better protect themselves in the future?If we were to be honest with ourselves, then we should probably accept that we can improve on at least a couple of the following:1)Tax efficient investments2)Long term investments3)Actively reviewing our existing...more
At certain times in your business cycle, whether you are a start-up business or a well-established veteran, cash flow is critical. Whether times or tough, or business is booming, cash flow challenges can cause unwanted stress and limit your growth potential.Everyone knows the magic equation for a financial success: spend less, make more. Or, limit your expenses and increase your income. There are a hundred tips for saving money, and perhaps even...more
In the current economic climate, banks are hesitant to offer loans. Relief may be on the way from government bailouts and efforts to stimulate lending, or business may want to consider accounts receivable factoring as a solution to meet their cash flow needs.Consumers arent the only ones feeling the pain of the credit crisis - many businesses are finding it difficult to get a loan. In the current economic client, a business may be seeking a loan for two reasons. Tough times may force the need for more cash flow. Or, a business is hoping to take advantage of the potential opportunity to invest now, hoping for a greater reward in the future. The credit crisis has forced banks into a defensive position. Banks right now are hoarding their cash, and if they are lending money at all, are doing so with great reluctance. It is an unfortunate position that may continue for quite sometime. According to Business Week, in a recent survey by data firm Reuters LPC, 40% of lenders and loan investors said they didn't expect the credit climate to improve significantly until 2010, after the worst of the recession has passed. There may be some relief on the way from the federal government....more
Whether you are simply going through a rough period, or are attempting to expand your business, invoice factoring is a unique and effective way for a company to increase their cash flow. This unique financing method has been around for thousands of years and has proven its effectiveness throughout time. It is often said that cash is king and in...more
Lets face it; you didnt start your business for the thrill of placing collections calls or faxing multiple invoices. A non-paying customer is one of the most common nightmares for business owners that can waste time and man power. Businesses can become tangled in time consuming processes of chasing debtors for accounts receivable. Every payment...more
A sale is not a sale until you collect the money. The time between issuing an invoice and collecting on it can be a sparse financial time for any company. During this time, the business has fit the bill for the supplies, time, and resources used to supply a client with the product or service. Now, that business must find a way to cover operating expenses until the invoice has been paid in full. This, unfortunately, can take anywhere from thirty to ninety days before a business sees any in-cash flow. There are two options in this scenario. Either take out a painful, stipulation laden bank loan, or find an invoice factoring provider.Invoice factoring is a process whereby a business sells its current, unpaid accounts receivable to the factoring provider. This gives the business cash, up front, to take care of operating expenses like covering payroll, buying supplies, and paying benefits and workers compensation. Invoice factoring allows businesses to attain the funds they need based on the amount of money they anticipate on receiving from clients. Businesses of all sizes can utilize invoice factoring, but they can be most useful for small to mid-sized businesses or businesses that are...more
In todays rough economic environment, nothing is more important than getting paid for the services you provide. The same applies for cash intensive companies like trucking and freight businesses. In these lines of businesses, it can often take nearly...more
Since the credit crisis hit global financial markets, many companies have seen their lending sources dry up, causing major strain on them to complete everyday tasks. The troubling news is, despite government effort, a new report suggests things arent...more
So, you are about to embark upon the fun task of switching banks, opening an account for the first time or perhaps just looking around to see what is out there. Think about what you need and then look into your choices. Consider how fast you can get...more
Index Trading is simple, the term 'Index Trade' refers to a trade that can be placed whether a particular Stock Market Index moves up or down over any specified (short-term) time period. You never actually own the instrument you are investing in, you...more
The business of doing forex mainly relies on foreign currency exchange rates. These are the dollars, yen, euros and other such currencies which are being used to facilitate an exchange between various forex businesses. If you are new in the forex...more
As the major economies start to stabilise and the risk of a depression thankfully recedes, many people are reflecting on a few important issues. Firstly, how did it happen? Secondly, how can you better protect yourself in the future?Few would argue...more