When did you last run a Cash Flow Health Check?

Posted by Aaron Zahedani on Fri, Aug 16, 2013 @ 04:41 PM

Cash flow is the life blood of your business

How recently have you ran a health check on your company? Your day to day business seems to be running smoothly, but when did you last double check your figures to find out how solvent you really are?

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Topics: Cash Flow Solution, Cash Flow, About Invoice Factoring, Financing Government Contractors

Alternative Financing Options for Business

Posted by Aaron Zahedani on Wed, Aug 14, 2013 @ 05:42 AM

Alternative Financing for your Business...

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Topics: Alternative Financing, Cash Flow Solution, How to Grow Your Business, About Invoice Factoring

Invoice Factoring - The Funding Trend

Posted by Aaron Zahedani on Wed, Aug 07, 2013 @ 06:21 AM

Forbes article gives insight into Invoice Factoring trend

Are you looking to unlock the tremendous value of unpaid debts, as well as make the most use of your valuable assets? 

Invoice factoring is no longer a last resort answer to better cash flow, it has become the solution many businesses turn to.

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Topics: Alternative Financing, Cash Flow, Factoring Receivables, About Invoice Factoring, Financing Government Contractors

Invoice Factoring: Need to Stabilize Your Cash Flow?

Posted by Aaron Zahedani on Fri, Aug 02, 2013 @ 05:15 AM

Tips for Taming your Unpredictable Cash Flow

Are you finding it hard to predict your cash flow? It is more of a challenge for smaller businesses to create a cash-flow forecast, and therefore a clear business plan, but it is not impossible. A recent blog from Heather Smith of the Flying solo Community, "Forecasting Unpredictable Cash flow" suggests some practical strategies that can help you develop a useable cash-flow forecast for your business.

Heather's blog points to the basics of cash flow management, such as:

  • Maintaining accurate financial records

  • Preparing a cash flow forecast

  • Setting aside sales tax that has been collected

  • Monitoring  your spending habits

  • Getting paid on time

As well as suggesting some simple tips to creating an effective cash flow checklist:

  • Raise your prices in small increments

  • Stop doing business with difficult customers

  • Issue invoices promptly

  • Take advantage of discounts

  • Check that your invoices are correct

  • Stay abreast of technology as an outreach to your customers

  • Keep business simple

Heather Smith explains in simple terms the most effective way to set up a cash flow template which will be your first, and essential piece of the cash flow puzzle. By isolating the elements of your cash flow that are constant, you can begin to identify the factors that are unpredictable. Once you have reviewed your past trends and identified any unpredictable factors, the puzzle pieces will begin to come together. When it comes to understanding causes and past trends, the Bureau of Economic Analysis may provide some useful information. Smith also suggests looking at seasonal trends as these can be extremely relevant for certain businesses such as temporary staffing agencies, or manufacturing companies selling seasonal items.

Once you have generated best and worst case scenario predictions, these should be added to your cash flow template so you end up with two options, and hopefully your actual cash flow will fall somewhere in-between. In general terms, it is really about being aware of all eventualities so you can realistically predict your cash flow and therefore create an awesome business plan. Don't forget to review and update your forecast regularly so you can really see how your business is performing.

Analyzing the figures can be a daunting, but necessary task. We all know that no matter how well we plan, everything can change, so that the cash flow you thought you had may no longer be as readily available; one large customer chooses not to pay and your predictions for the month simply no longer add up. One of the best ways to manage your cash flow is to consider invoice factoring, a form of working capital financing for businesses selling goods and services to other businesses on credit. By "selling" their invoices to a factoring company, a business has access to instant cash. Factoring is ideal for those months where business may be slow, or as a regular source of cash flow. Bay View Funding understands the frustrations of cash flow management, and would love to answer any of your questions.

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Topics: Cash Flow, About Invoice Factoring

Invoice Factoring: Think Outside the Brick & Mortar Box

Posted by Aaron Zahedani on Thu, Jul 18, 2013 @ 03:55 PM

3 Tips to Grow your Business

So you are ready to grow your business. What immediately jumps to mind is some form of physical growth, such as opening up a new store, or moving to a new location. But there are many other opportunities worth considering.  Some are dependent upon the type of business you own, but many support all forms of businesses and can be a smart and relatively simple way to grow.

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Topics: Cash Flow Solution, Business Growth, Factoring Receivables, About Invoice Factoring

6 Simple Tips to Prompt Invoice Payment

Posted by Aaron Zahedani on Mon, Jul 15, 2013 @ 07:45 AM

A checklist you can use:

Consider these 6 simple tips to promote prompt invoice payment of your outstanding invoices and help you maintain positive cash flow. 

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Topics: Cash Flow, About Invoice Factoring, Financing Government Contractors

Changing invoice factoring companies is simpler than you think

Posted by Gil Oliva on Mon, Jul 08, 2013 @ 02:26 PM

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Topics: Alternative Financing, Factoring Companies, Cash Flow Solution, Business Growth, About Invoice Factoring

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