Tag: cash flow
working capital management

Working Capital Management Practices

According to a report by The Hackett Group, larger firms take longer to pay their invoices. This ability, due to the size and power of these companies, improves their cash flow by having longer and longer payment agreements with suppliers. By waiting to pay suppliers, sometimes…

overcoming small business challenges #TheMoneyFactor

Overcoming Current and Future Small Business Challenges

I’ve been in the industry for almost 30 years like my guest, Kris. I can honestly say we’ve been through a lot of recessions before, but I don’t think either of us have ever experienced an overnight shutdown of the economy quite like this one. I…

importance of working capital management

Understanding Credit Risk

Now more than ever, it is so important that you increase your working capital in order to protect your business. A recession and global pandemic means that every business is shaken up. It is definitely possible that some of your customers will be unable to pay…

business loans

Can You Afford to Hire More Employees?

Every small business owner loves to see their company grow. With growing sales, however, comes growing expenses. One area of your business that will need more investment is your team. It’s important to add members to your team before you get so busy that things start…

removing a tax lien

Funding Through an IRS Tax Lien Against Your Business

When your business forgets or cannot afford to pay taxes to the IRS, they can file a lien against your company. What is a tax lien? It’s a government claim on your assets over other creditors. Failing to file on time and failure to pay your…

invoice with paid stamp

Bridge the Gap Between Sales and Collection

If you sell to other businesses on credit terms, there is a cash flow gap you have to overcome with each new sale. Your sales may be increasing, but when you have to wait 30 or 60 days to collect on your open invoices, your cash…

cash flow management and ppp loans

Cash Flow Management and PPP Loans

In this episode of #TheMoneyFactor, CEO Ian Varley has on guest Steve Nevin to discuss managing small business cash flow and how PPP Loans affect cash flow management. Below is a transcript of the video: Welcome to The Money Factor. Today we’re going to be talking…

small business invoice financing

Business Essentials: How to Create a Business Invoice

This is Part 1 of a Business Essentials Series: Part 2 If you are a business selling to other businesses on credit terms, you will be issuing invoices. At minimum, a business invoice details: what you are selling, how much you are selling it for, when you…

cash flow challenges 2021

Overcoming Cash Flow Challenges Right Now

A huge challenge to small business growth is cash flow. The majority of small businesses struggle with managing their cash flow, and cash flow issues are the number one cause of small business failure. 2020 was a rough year for small business owners, and many businesses…

choose factoring financing right now

Why Choose Factoring Right Now for Small Business Financing?

Below is a transcript of this segment of #TheMoneyFactor. Some parts have been edited for clarity. Here is why factoring is a good fit for small business financing right now. Factoring as a Cash Flow Fit Why is factoring such a good fit for small business…