Mastering your marketing efforts will ensure that your product or service stands out and keep your customers coming back. But there are mistakes that any small business should avoid when implementing its marketing strategy. Make sure your company doesn’t fall victim to these errors: The Marketing Mix Product • Your product isn’t what customers truly [...]
It appears that small businesses aren’t getting the financial help they formerly received from credit unions. A recent small business lending report shows that bank loan approvals, though low, have risen a full 7% within between May 2012 and May 2013. On the other hand, the approval percentage for small business loans has plummeted [...]
With all of the communicating, brainstorming, organizing and managing information that small businesses have to do, multitasking is a full time job in itself. With the right resources, mastering the art of multitasking is simple. Here are some essential tools for small business owners to make running your business a breeze (well, at least it [...]
So you want to start a small business? Curious about how to begin? Aside from funding your business, there is a huge list of to-do's that need to be addressed before you are ready to launch. When it comes to funding your small business, we've got you covered. By selling accounts receivable, you'll always have [...]
Unlike other business financing techniques that limit the money your firm can obtain, accounts receivable financing is characterized by flexibility. First of all, AR factoring companies don’t place a limit on how much cash you can receive. It’s entirely based on the amount of your unpaid invoices. Also, pretty much any size business in any [...]
Customers who fail to pay, newcomers to the industry, seasonal sales patterns and difficult economic conditions; all of these can threaten the financial status of a company. Adequate financing is imperative to any business. If a firm faces a rough patch or unexpected growth and can’t get financing to fund normal operations, then it [...]
When companies need cash, they often seek out bank loans. The problem is that bank loans may be difficult to obtain, come with high interest rates that often fluctuate and may not provide the amount of funding you need. What can your company do if bank financing isn’t quite working out? Accounts Receivable Factoring. Accounts [...]
The financial assistance available to start-ups may be minimal at best. Financial institutions have rigid funding requirements. Therefore, a short business history, a lack of credit or slow-paying customers all act as barriers to financing and meeting your business goals. Financing a small businesses can be a difficult task for entrepreneurs. Luckily, accounts receivable [...]
Thinking about factoring accounts receivable? It’s simple. AR factoring is a breath of fresh air compared to traditional business lending methods. Why? Your credit isn’t a problem. Accounts receivable factoring companies focus on the creditworthiness of your clients, not your business or personal credit history. Aside from the fact that you can obtain business funding [...]
When your business is experiencing financial burdens due to slow-paying customers, changes in the economy, or poor sales, it can be tough to find any type of immediate funding. Attempting to obtain business funding from other financial sources like loans and business credit cards can be risky because of the strict stipulations and high interest [...]