Why is invoice factoring important? As a small business owner, focusing on your growing business should be your top priority. When you have to deal with collections and accounts receivable, this can distract you from what matters most. With small business invoice factoring, this inefficiency…
An invoice factoring broker earns residual income by connecting businesses with factoring companies that purchase their unpaid invoices, receiving ongoing commissions for the life of each referred client. Because approval for factoring is based on the creditworthiness of the client’s customers rather than the business itself, brokers can refer a wide range of businesses, including startups, making it a viable income stream across industries and economic conditions.
When comparing invoice factoring vs bank loans, the differences come down to speed, flexibility, and risk — and for most small and mid-sized businesses, factoring wins on all three. Banks require extensive documentation, weeks or months of waiting, and fixed repayment regardless of how business…
The trucking industry has always held great promise for small operators. Back in the 1970s, there was an inescapable popular saying you could find plastered all over t-shirts, posters, bumper stickers, and even as part of a Billboard chart-topping song. “Keep on Truckin’!” The saying…
Small business has a BIG impact on the American economy. Sure, big business and Wall St. may grab all the headlines with their multi-billion dollar deals, but to dismiss or overlook the role small businesses play throughout every city in town across the country is…
There’s a well-worn old adage that states, “You can lead a horse to water, but you can’t make him drink.” Salespeople, like the horse in the saying, can be a stubborn lot. As with any horse, some only need gentle prodding to take you where…
Telecommuting – allowing employees to work all or at least a portion of their week from home – isn’t a new idea. However, it’s a growing trend that offers small businesses and workers alike many mutually beneficial advantages, but can cause several problems as well….
Small Business Risk of Lax Online Security : Hardly a week goes by without news of yet another big online security breach that has put a well-known company and its customers at risk from malicious hackers out to steal identities, pilfer corporate secrets, or install…
Sales and marketing aren’t the only ways to grow your business. There is another component that you can use to influence and attract potential customers: public relations. And one critical component of public relations is the media publicity campaign. The good news is, while there…
Build Your Business by Building Relationships: Running a small business takes a lot of time. There’s administration, payroll, taxes, hiring, production, etc., to take care of each and every day. Not to mention the unforeseen but seemingly inevitable “brush fires” you have to put…
