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...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 todays tough economic climate, this may ring true for your company. Whether you are simply going through a rough period, or are attempting to expand your business, accounts receivable factoring is a creative and effective way for a company to increase their cash flow. This unique financing method has been around for thousands of years Accounts receivable factoring, or invoice factoring, involves selling your account receivables (invoices) to a third party (the factor) at discount. The factor is then responsible for collecting on the invoice. This provides you the upfront cash you need, while providing the additional benefit of relieving you of the responsibility of collecting on the debt. There is evidence that factoring of some type has been around for thousands of years. The Mesopotamians were the first to establish business structure...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...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 two months before the company sees any payment for the services that have already been provided. In that time, bills must be paid with money you have not received. Drivers must be compensated and the costs of fuel, maintenance, insurance, and repairs must be covered. These expenses are a constant drain on finances. Waiting thirty to sixty days for payment can be challenging for any trucking or freight company, and can leave any business struggling to stay afloat. Some business owners turn to bank financing to supplement their cash flow, but banks rarely provide finance to small companies. This is not the solution to chronic financial problems. It is simply an expensive band-aid. Freight bill factoring can help ease cash flow problems for any business. Freight bill factoring is the purchase of freight bills for cash. This is also a way for a freight company to be paid immediately for the work they have done, whether or not the shipper...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
As the world slowly recovers from the credit crunch and we look back at what went right and what went wrong, people are increasingly looking to take control of their finances.Many of us are looking to be more tax efficient with our investments. We...more