Follow these quick checklists to make sure your company, sales and invoices fit the criteria so that you qualify for invoice factoring and get approved for more working capital. When the bank denies your loan, you have options. Invoice factoring (also called “accounts receivable factoring” or just “factoring”) could give you the funds you need […]
Leading a high-growth company? Don’t overlook this ultimate financial tool that could offer you unlimited cash flow.
Learn about the benefits of recourse invoice factoring and how it can offer you even more immediate working capital. For small and medium-sized businesses, there are many benefits to factoring your invoices. Instantly increasing your cash flow is, of course, the number one reason. But you can also benefit from outsourcing your back office support, […]
If you’re waiting on customers to pay their invoices (and if payment is often past due), you may have a business liquidity issue. Here’s how to avoid the problem… Cash flow and business liquidity is a challenge for all companies at one point or another. Part of the problem might not be your business at all, […]
The CCC is your “cash conversion cycle” (or simply referred to as the “cash cycle”) and it tells you how many days it takes for your company to turn your inventory purchases into cash. The shorter the CCC, the more flexible your working capital, and that is every business owner and CFO’s dream. With a shorter […]
Photo Cred: https://edubirdie.com When you finalize your business contracts and seal them with signatures and stamps, they are legally valid documents. Unfortunately, business owners often don’t pay adequate attention to storing their contracts safely for reliable retrieval in the future. Why will you need to retrieve your contracts? It’s important to keep your contracts in […]
Featuring Emily Clark, Guest Contributor Every entrepreneur’s success, big or small, begins with a brilliant idea. If worries or anxieties held back the world’s top business people, we would have missed out on incredible things like the personal computer, Facebook, the iPhone and even Harry Potter. If fear of failure has ever held you back […]
Every company is obsessed with cash flow. To stay afloat, companies need to ensure they have enough money available to fulfill their obligations such as paying salaries, vendors, suppliers, loans and investing back in the business. As explained in part one, a cash flow budget shows you exactly how much cash is coming in and […]
Part 1: Cash flow budgets to strengthen your business A company’s cash flow budget is a mainstay of their financial reporting and can be used to predict and forecast cash flow requirements. If you’re not currently looking at this type of report, here’s why you need to prepare one and what it can tell you […]
90% of startups fail. It’s a new world of business, and only the strongest new companies will survive. So how do you avoid startup doom? Sometimes failure comes down to sheer bad luck or influences beyond an entrepreneur’s control, but in many cases, it can come down to the same simple mistakes that companies make […]
