Some people may be unsure about what accounts receivable financing, or factoring, is. In general, this is the process of obtaining funds by selling your company’s accounts receivable to a third party, which is called a factor. Factoring receivables is a great way to...
Ask any small business owner and they will tell you that, as rewarding as it can be, running your own business is extremely hard work. Long hours, complete accountability for success or failure, and often a deep and abiding emotional tie to the enterprise make owning...
As a small business owner, you need to understand the importance of your business credit score. You can find your score online via a credit score issuing company, and if you analyze it thoroughly, you will have the means to monitor the health of your business and...
As a business owner, you likely go out and buy a new piece of construction equipment every time you have a new or unique project to complete. Although this allows you to complete your projects successfully, it can also hinder your business’ profitability and ability...
Waiting 30, 60, or even 90 days to receive payment from a customer can seriously hinder your construction business’ cash flow operations. If your business needs to receive payment quickly after a construction project has been completed, you should consider factoring...
In order for a business to grow and expand, they often have to take on a series of projects that are larger or more comprehensive than they usually handle. However, although doing this is advantageous, business owners may be held back from expanding due to lack of...
