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These are the top 10 reasons why new businesses often fail:
Demand of Product or Service
Many businesses fail because there is no real demand for their product or service in their area.
Business…
Is Invoice Factoring a Scam?
Invoice factoring is not a scam; it’s a 100% legitimate financial vehicle where businesses sell their open invoices to a factoring company for immediate cash.
This can be…
In 2023, the percentage of businesses that are minority-owned can vary depending on the country and the definition of minority. In the United States, for instance, the Minority Business Development Agency…
Factoring / Invoice Financing 101
Invoice Financing is a financial tool that assists business owners to improve their cash flow. You cannot decide if this tool is right for you, unless you understand…
The Cost to Borrow Money in Today's Market
What would your interest rate be today, if you were to borrow money for your business? Rates have not been this high since the 1970’s. If you are a well-qualified…
What is a payment discount?
Companies have been offering their customers a discount if they were to make their payments in 15-day net terms. This is a great way to expedite payments to improve your accounts…
Can security companies benefit by factoring their accounts receivable?
You can now extend longer net terms to your customers, while you still get paid within 24 hours. What does that really mean? It…
What are the most common issues that cause a business to have growing pains – and how to overcome them?
Business growing pains is not at all a sign that you are a bad business owner. Almost all successful…
America's Credit Rating was Downgraded Again - August 2023
Are you like most people out there, wondering what the heck is going on is America. Is the sky falling? Is America dying? Are we full steam…
How to manage your business in a recession?
Managing a business during a recession can be challenging, but with the right strategies and proactive measures, you can increase your chances of survival and…
