Bay View Funding Blog

Why should your business care so much about cybersecurity? You may think that you have ‘safety’ covered, but it is worth considering the potential issues a cyber attack could present and what you can do to prevent this happening. 

Awareness of the need to protect your company from cyber threats has increased, but sometimes the basic measures are not considered. Your business may have established policies and procedures, but are these procedures checked regularly, and are they enforced? 

2015 is looking good for business! The U.S. economy is demonstrating the ability to drive global growth in 2015. According to an article in CNBC.com, while America’s economy is on the rise, the news has not been so rosy for other global economies. Let’s take a look at what the figures are indicating for 2015, both in America and overseas. 

The good news for the New Year is that the acceleration of U.S. growth is a key reason that the global economy is also expected to grow faster, at about 3 percent, up from 2.5 percent in 2014, according to economists at JPMorgan Chase and IHS Global Insight. 

Would it surprise you to know that most small businesses still consider the bank to be the first port of call when looking for a loan? There are more options out there; it is just a question of where to look. 

As a wholesaler, your goal is to provide as much inventory to your resellers as possible in preparation for Black Friday and the holidays to follow.  Are you prepared? 

Every company strives for higher sales, however this does not always immediately equate to higher cash flow when you need it. In an ideal situation, customers pay when goods or services are delivered, or at least on time if you have offered terms, but frequently this does not happen. 

We love explaining the benefits of accounts receivable financing, and how it is an effective tool for all sizes of business, but there are other tools worth considering. Another way to help start-up businesses in their infancy is the use of a credit card. A recent ‘how-to’ guide in the online edition of the Wall Street Journal, discussed how to pick a credit card for your business.

When a line of credit from the bank is not yet forthcoming, and those first few invoices are not yet large enough for you to qualify for invoice factoring, a credit card may be the answer as a stopgap measure. This also establishes initial credit in the business’s name.

In our last blog, we discussed the benefits of invoice factoring, and payroll advance when it comes to helping your temporary staffing agency grow, and keeping your temporary staff happy. Now let’s consider some of the challenges that can often stand in the way of success.

In a recent article in the Houston Chronicle online edition www.Chron.com, Kay Miranda discusses some of the problems faced by temporary staffing agencies. She mentions the importance of maintaining a large enough talent pool to serve the staffing needs of the demographic area. Temporary staffing has grown to include many specialist industries, such as healthcare and IT, and the demand for talent has become extremely competitive. This also means that the agency needs to be employing experts in their chosen field to adequately interview and hire temporary staff that will meet the needs of their clients.