Here is what you need to ask yourself when seeking more profit from your business

A businesses desire to scale shouldn’t be entirely based on demand for their product or service. Demand will certainly play a large roll in how or when a business will scale. To Scale your business effectively means anticipating demand, not reacting to it.

If a company acquires two or three new clients and then realizes it can not fulfill their demands, business growth efforts are likely to collapse. This kind of activity leaves room for competition to move in and service unhappy or under-serviced customers.

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Predictable cash flow provides a business the flexibility it needs to stay competitive, grow quickly, fulfill new customer demands and generate more profit.  Do you know what your predictable cash flow is?

How Does A Business Realize Predictable Cash Flow:

Build in sustainability and scalability in order to make sure future cash flow is predictable. Examples;

  • Lock in customers – Offer incentives, sign contracts, improve customer experience to ensure customers are incline to work with you over the long haul.
  • Implement a consistent sales and marketing process – Design a process, train  your sales staff, put performance metrics in place and hold your team accountable.
  • Make delivery of your products and services scalable and repeatable – learn from your mistakes, identify cash flow gaps within your sales cycle and figure out how to eliminate existing problems.
  • Free up cash flow from slow paying customer accounts – Factor finance your accounts receivable invoices to get money your customers owe you today, instead of waiting 30 or more days.
  • Once future cash flow becomes more predictable, fulfilling new larger client accounts and efficiently servicing existing client accounts becomes much easier.

Don’t worry about the cost of doing business along the way. It takes money to make money and scaling a business successfully is challenging; mistakes will be made and you may even overspend occasionally. Learn from your previous business activity and implement a strategy to avoid similar mistakes the next time around. Hire people to help you strategize, attend local small business events to discover new ideas and most of all keep a positive frame of mind.

To get access to immediate working capital you may need to pay as you go so you can profit as your grow! Leverage assets within your business, like your accounts receivable invoices or promised payments, so you can increase cash flow and go after larger new customer accounts.

*Free Small Business Finance Resource:

When you’re ready to unlock money trapped in your accounts receivables, visit www.factorbid.com to compare invoice offers to buy your invoices. Factor bid is a free service for small businesses. Factors compete for the opportunity to earn your business and buy your invoices. You’ll get the knowledge and leverage you need to negotiate the best deal and most money when factor financing your accounts receivable invoices.

 

Invoice Factoring vs Invoice Discounting, which business finance option is a good fit for your small to mid-sized business cash flow needs

Accessing small to mid-sized business financing feels more like a luxury in today’s traditional lending space. Banks are not as credit friendly as they were prior to the global economic recession.

Invoice discounting and invoice factoring are both vital cash flow solutions and enable your business to unlock money that is trapped in your accounts receivable invoices. You can bypass traditional bank lending and get immediate cash to run your business.

Instead of waiting 30-90 days for customers to settle their owed bills, factoring enables you to get up to 95% of the face value of your invoices up front, usually within hours of invoicing your customers.

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Immediate Cash Flow Helps Your Business:

  • Cove payroll
  • Purchase supplies
  • Purchase equipment
  • Afford day to day expenses
  • Payoff higher interest loans
  • Stay competitive in your industry
  • Grow your business faster and make more profit

Which type of immediate financing do I choose?

Advantages of Invoice Factoring:

  • Funds released to you by the factor finance company improves your cash flow position and the additional working capital available enables your business to expand.
  • The cash advance grows along with your business. Which means as your business grows, you’ll have access to more and more working capital.
  • Factoring boosts your bargaining power, enabling you to take advantage of early vendor opportunities and discounts.
  • Credit control is outsourced to the finance provider for payment collections and facilitation of the accounts in order to allow you to focus on generating new accounts instead of collecting on monies already owed.
  • Factoring offers a flexible funding solution and can be ideal for new small to mid-sized business start-ups seeking additional working capital.

Advantages of Invoice Discounting:

  • Funds released from invoice discounting by the finance company improves your cash flow position and the additional working capital available enables your business to expand.
  • The facility is administered on a confidential basis, which means you stay in direct contact with your customers, they never know you’re working with a third party finance company.
  • Invoice discounting boosts your bargaining power, enabling you to take advantage of early vendor opportunities and discounts.
  • The cash advance grows alongside your business. Which means as your business grows, you’ll have access to more and more working capital.
  • Funds are released almost immediately, which enables your business to calculate predictable cash flow for real-time operation capabilities.

Other Forms of Factoring:

Non-Recourse Factoring – In this type of factoring agreement the finance provider takes full responsibility of the sales ledger and assumes any risks associated with bad debt. This can relieve your company of dealing with the hassle and worry of customer defaults.

Recourse Factoring – In this type of factoring agreement the finance provider manages your sales ledger without any credit protection. That means if your customers default, you’re liable for all credit costs.

CHOC’s (Client Handles Own Collection) – In this type of agreement, factoring is assumed to be disclosed arrangement with outsourced credit control. However CHOC’s facility keeps the business in charge of their sales ledger. This could be a cost-effective solution for SMEs with in-house accounting systems in place already.

Other Forms of Invoice Discounting:

Non-Recourse Invoice Discounting – Your company retains full control of your credit control system, but the finance provider offers you bad debt protection for the life of the contract.

Recourse Invoice Discounting – The finance provider manages your sales ledger without any credit protection. If an invoice remains unpaid by your customer, the finance provider reclaims the cash they previously advanced your business and you take on the credit control function to recover the funds from your customer.

Disclosed Invoice Discounting: Your customers are contacted of the finance lender’s involvement, making the proposition less risky for the lenders than if you choose confidential ID.

Compare Invoice Finance Offers.. Free!

Regardless of which type of financing that works best for your business, it’s recommended that you get a few competitive offers when factoring. Factor Bid is a free online small business resource that matches your business with the top finance providers in your industry so you get to see the best financing deals available today!

Visit www.factorbid.com and choose the “Get Started” buttons to quickly and easily see how much working capital you can access within 24 hours from money tied up in your outstanding accounts receivables.

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Download Factor App – Get paid as soon as the next day for your invoices! 

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Cash flow when you need it most, payment as fast as the next day!

Factor Bid – Compare invoice finance offers.. free!
Cash flow when you need it most, payment as soon as the next day!
#factoring (invoice finance)

Do you invoice customers for payment? Discover how in just minutes you can unlock money trapped in your invoices. Turn open invoices into immediate cash flow.  Fast | Easy | Secure www.factorbid.com

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If you don’t invoice customers for payment follow this link to see other types of small business financing offers!

A nickel ain’t worth a dime anymore (business cash flow)

Money owed or tied up in accounts receivables is worth less to your business and even creates problematic cash flow gaps, whereas your business is loosing profits or declining in value by carrying/financing your customers growth, while your business waits to be paid.

Let’s increase your business cash flow with assets that already exist (accounts receivable invoices). Keep reading and discover how making your money work for you today is worth more than money paid in the future, or simply skip to our website and get started now unlocking money tied up in your outstanding receivables!

Money is vital for any business. Without it, your business can’t grow from small operations into something bigger. To understand what your business capital is and how it really works is crucial to being a successful entrepreneur and business owner.

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Outside the banking world, most business owners are not familiar with different types of capital available to bank roll business expenditures. A deeper understanding of financing and a popular financing option know as factoring will better help you manage daily and long term business finances.

Invoice Factoring – is the selling of invoices to a third party (called a factor) to improve cash flow and reduce bad debt. Receive an immediate boost to cash flow, while at the same time eliminating the need to process invoices.

Benefits of Invoice Financing (factoring)

  • Increase Cash Flow
  • Cover Payroll Expenses
  • Pay Suppliers early for discount pricing
  • Pay off higher loans / tax liens
  • Fulfill larger orders
  • Pursue bigger client relationships
  • Grow your business faster
  • Reduce bad debt as the third party buyer assumes risk if the invoice is not paid

Financial Health of your Business and Working Capital – Working capital is money you need to cover basic operating expenses in your business everyday. Expenses include payroll, inventory purchases and carrying of accounts receivable (money customers owe you).

Let’s determine how well your business is doing. We do this by finding out the working capital ratio of your business. The ratio is a good indicator of your company’s financial health and can tell you a lot about the direction your business is heading. You’ll also discover if you have enough short-term assets to pay off short-term debt you business might produce.

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Rule of thumb –  your current assets should be higher than your total current liabilities, which provides you with positive cash flow and positive working capital. If you are experiencing negative working capital, due to slow-pay accounts, large payroll costs, new expansion costs and/or additional accounts payable supply costs then your business may be experiencing cash flow gaps and even heading in the wrong direction.

Some ways to counteract negative cash flow and increase working capital ratio are to cut inventory, collect on outstanding or slow-paying accounts receivable invoices faster and pay bills a little more slowly.

Factoring can help your business now by collecting money owed in accounts receivables today. When you decide to factor invoices, you’ll have immediate access to more working capital and are able to focus on growing your business faster, instead of back-peddling and trying to figure out how to slow business growth or liquidate assets and supplies need during profitable cycles.

As long as your business is making more money than the cost of factoring is costing your business, then using a factor finance company’s money for a small fee is absolutely worth it. Stop financing your customers growth while your company lags due to slow paying or late paying customer accounts.

Factors are in the business of making money. They have a good deal of experience and knowledge in your industry and most likely will help your business grow even faster than you’ve experienced in the past.

It’s recommended that you get a few competitive offers when selecting a factor finance partner to work with.

Factor Bid – Compare invoice finance offers.. Free! Use www.factorbid.com to quickly and easy match your invoices with the top factor finance companies that specialize in your industry and are eager to buy your invoices for immediate cash.

Is your business on the Go? Download our financing app and get started accessing cash tied up in your receivables today!

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When Factors Compete To Buy Your Invoices, YOU WIN!

Factor Bid – Invoice Finance Offers

 

Source Quote Credit “A nickel ain’t worth a dime anymore”

 

Vendors and Merchants Selling on 3rd Party Sites Like Amazon can Expedited Cash Flow by Leveraging Owed Payment Assets.

If you’re a merchant or vendor selling on Amazon, Zulily, or other third party e-commerce platforms and are tired of waiting weeks – months to be paid. Take a look at factoring; because even though you might not actually invoice platforms for payments earned, the promised payments are equivalent to (customer invoices and therefore represent an asset) that your business can leverage to expedite cash flow and grow more quickly.

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What is Factoring?

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.

If you’re business has promised payments – they are equivalent to customer invoices and can be used as a financing asset!

App Developers, e-commerce vendors and similar third party suppliers of goods can immediately increase cash flow by factoring payments owed by selling platforms, instead of waiting weeks or months to be paid.

E-Commerce Third Party Platforms:

These huge third party platforms make it possible for manufacturers of any size to bring their goods to a worldwide marketplace, quickly and efficiently. If you’re a vendor and sell on third party e-commerce sites, don’t wait 30-60 days or longer to receive payment on goods sold. Factor finance to get up to 98% of the promised payment as soon as a sales report is issued.

Time Spent Waiting:

Time spent waiting means lost opportunities. When your cash is tied up in owed payments, it makes it tough to take on more new business and/or produce bigger orders for new and existing clients.

Opportunity Costs Incurred:

The opportunity costs incurred by both vendors and merchants is equivalent to any orders they have to turn down or delay due to lack of working capital, not to mention the extra savings they could realize by accessing immediate cash flow to take advantage of suppliers quick-pay discounts and perks.

Supply Chain Financing:

Invoice factoring is a robust supply chain financing tool that eliminates opportunity costs, by freeing up capital owned to merchants by third party platforms like Amazon, Zulily, etc. Instead of waiting 30-60 days for payment, get paid within hours of the issued sales report.

Likely Payment Percentage:

When factoring business payments owed by third e-commerce platforms like Amazon, you’ll receive an immediate cash injection up to 98% of the original promised payment “as soon as the sales report is generated” in exchange for a small factoring fee. The fee range is based on a few different variables and your company operations, however may be as little as 1% of the promised payment amount.

Cash Flow Management:

Cash flow management is crucial to the success of any small business. If you’re company needs to spend money to make money, such as vendors and merchants that sell through third party sites like Amazon, then utilize factor financing today to grow your business quickly and make more profit.

If access to flexible working capital will help your business now, instead of waiting 30-60 days or longer for third party payments to arrive, then invoice factoring is a smart option to help your business grow, cover cash flow gaps and pay daily/weekly business expenditures.

Snap Shot:

Vendors typically reinvest in inventory, supplies and their workforce quickly in order to stay relevant and sell through third party e-commerce sites like Amazon and others. However if you’re being stalled or having to wait 60 days or later to be paid, you’re company can run into cash flow gaps which prevent you from operating as efficiently as your competitors, even costing your business to suffer over time.

Turnkey Solutions:

Speed up cash flow with supply chain financing called (invoice factoring) which gets you a large percentage up to 98 % on promised payments as soon as a sales report is generated and is ideal for merchants and vendors that sell through third party e-commerce website platforms. To find the best factor finance partner, visit www.factorbid.com to get a few competitive offers and immediate cash for your promised payments and/or sales reports.

Finding The Best Finance Company, Fast:

Factor bid is the only application that instantly matches your business with factor finance companies that specialize in your specific industry; for example Invoice Factoring for Third Party E-Commerce Vendors and Merchants. It’s important to realize that not all factoring companies are equal. A finance company that specializes in your industry is going to be more knowledgeable, provide better options and ultimately be more aggressive in offering you the best rate and terms.

Factor bid is a free resource for business owners. You’re under no obligation to factor. See what your options are and how much capital you can immediately access for your business today!

Factoring On The Go?

Download Factor App and submit your accounts receivable invoice fast! Get paid as soon as today!

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