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…
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…
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…
On Monday, October 15th, Sears filed for Chapter 11 bankruptcy protection. Although the retail giant has been hemorrhaging for years, this will impact many businesses and over 100,000 creditors which Sears owes over $10 billion. Unsecured creditors will most likely receive pennies on the dollar or nothing…
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…