Tag: Losses
when to send your customer to collections

Business Essentials: Collections

Do I Send My Client to Collections? The collections process for small businesses is a major resource drainer. It takes time, effort, and consistency to get paid on-time. When clients are waiting longer than a few days to pay open invoices, it will hurt your company’s…

non-recourse factoring

The Difference between Recourse and Non-Recourse Factoring

Cash flow issues affect nearly every small business. To address them, there are numerous small business tools that allow for the influx of capital to cover the cash crunch, but don’t saddle the business with debt. One such tool is factoring. Within factoring, there are Recourse…

customer nonpayment

Warning Signs Your Customer Could Be In Trouble

You’ve worked hard to make that sale. You’ve delivered the goods. Congratulations. It took effort to nurture that relationship. Now you need to get paid as otherwise you’ll be in trouble. You have bills to pay, and people rely on you. How do you get paid…

How to Calculate Your Working Capital

Understanding your working capital requirements to meet your cash flow needs is an essential concept to grasp as a small business owner; however, it continues to be greatly misunderstood by many owners in this demographic. This is partly because many people have different definitions of what…