In general, cash flow management is one of the factors that determine the financial stability of any business. When customers delay or avoid paying invoices, any company could face cash flow difficulties. Invoice factoring enables businesses to sell outstanding invoices in return for working capital – the capital used daily in trading operations. For many, it can serve as a viable alternative to traditional bank loans and credit exhaustion.
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Topics:
Cash Flow,
Invoice factoring,
Cash Advance,
Working Capital,
Financial goals
Today's economy makes it even more difficult for a business to get bank loans and other traditional sources of funding. The result is a high demand for business financing with many businesses losing out on growth opportunities due to the lack of working capital financing. However, businesses that need immediate financing do have options, factoring being chief among them. Below is a look at factoring and its benefits for freight businesses, especially during the holidays.
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Topics:
Cash Flow Solution,
Freight Factoring for Trucking,
Truckers
Your business is growing! You have worked incredibly hard to become successful, but there may be a few habits you could lose to help your business prosper. It is not always easy to be productive, but it helps if you can avoid sabotaging yourself and your business with bad habits that are correctable.
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Topics:
Business Growth,
Cash Flow management
Cash flow can sometimes be a challenge for any business. This is especially true when your customers pay for goods and services 30 – 60 days after receiving them. Invoice factoring offers your business the opportunity to turn outstanding invoices into cash.
Factoring your accounts receivable is a valuable financial tool for companies that have experienced difficulty obtaining traditional funding and have reliable but slow paying accounts. It helps if the invoices are for substantial amounts, rather than many invoices for smaller amounts. There are always exceptions to the rule, but this should help establish whether invoice factoring may be the right choice for your company.
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Topics:
Cash Flow,
About Invoice Factoring,
Business Financing
More and more women are entering the workforce in a variety of roles; some are starting their own businesses, while others are looking for support and encouragement as they climb the company ladder. There are many resources, from financial advice to mentoring programs available to help women succeed in business.
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Topics:
Women owned businesses,
Financing Government Contractors
A sudden spike in demand sounds like a good problem, but does your business have the ability to increase production quickly? What is the most effective way to encourage your workforce so you can ramp up production when you need to?
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Topics:
Manufacturing and Distribution Financing,
Business Growth
We tend to rely upon our smartphones for information, turning to them in a second to look up events, read the news and communicate with each other. Trucking companies want to manage productivity, while also helping their drivers on the road. There are many useful apps for both fleet operators and their drivers.
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Topics:
Cash for Copies Program for Trucking,
Trucking Industry