Being the owner of a small business means you have some experience with rapid business growth. One day it’s business as usual, and the next it’s wondering how to fulfill a massive purchase order for a major client. Meeting higher sales volumes means having more employees, supplies, and ultimately cash to support this growth. Growth […]
Business Essentials: Managing Rapid Business Growth Read More »
Before you jump to conclusions about whether there is or isn’t a trucking downturn, let’s discuss the facts. We will look at industry indicators and past transportation recessions to see what we can predict.
Is There a Transportation Downturn Coming? Read More »
Invoice factoring is a financing method aimed at growing businesses that improves cash flow. This financing method is debt-free and should be flexible in order to accommodate the immediate cash flow needs of a growing business. Factoring is known for being growth-enabling. Partly, that is because invoice factoring can be such a flexible financing tool
How Flexible Is Invoice Factoring? Read More »
I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with an online loan versus a bank loan, yet many
Immediate Business Financing Read More »
This week from May 2 to May 5 is SBA National Small Business Week. The theme of the 2022 National Small Business Week is Building a Better America Through Entrepreneurship. You can visit the SBA website to sign up for the virtual summit. Entrepreneurship is difficult, and it’s important to know your business funding options
2022 SBA National Small Business Week Read More »
Startup businesses are tricky. Some advice is to never stop searching for capital to grow your business. Some advice is to only secure the funding necessary to get a product out, then start another round of fund raising. There is no one right answer, and the options presented to entrepreneurs for business funding can be
Startup Business Funding Read More »
As a small business owner, you are faced with endless options for business funding. You’ve probably considered a bank loan, a line of credit, an online loan, crowdfunding, bootstrapping, or even a merchant cash advance. Maybe you’ve even considered receivables funding like invoice factoring. There is a stigma that the cost of factoring can be
Is Invoice Factoring Worth It? Read More »
According to the Wells Fargo Small Business Index, $10,000 is the average amount of startup capital required by a small business owner. Acquiring and managing your working capital is crucial when it comes to running a successful small business. Unfortunately, since companies need to deal with payroll, operating expenses, and all the other financial aspects
Small Business Help: 3 Great Strategies For Working Capital Funding Read More »
Every business must be concerned with the amount of working capital it has. Working capital is used to take the proverbial pulse of your company’s finances. You’ll know that you don’t have enough when you can’t pay your current obligations with the cash you have in the bank. If that’s the case, working capital loans
How Do Working Capital Loans Work? Read More »
On this episode of #TheMoneyFactor, CEO Ian Varley sits down with Erik Sizemore, President of the Georgia Staffing Association to discuss staffing trends and hiring challenges. Watch the episode below or read the transcription. On today’s show we’re going to be talking about some trends affecting the staffing industry and specifically what challenges are facing
Staffing, Small Business Hiring, and Cash Flow | #TheMoneyFactor Episode 29 Read More »
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