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How do you finance government contracts that have progressive payments?
For many businesses the dream is to win a contract to supply either local, state or federal government. When you tender for these contracts you are asked to provide evidence that you can fulfill that contract. This evidence is in the form of financials. In many cases SME’s financials are not strong enough to support one of these sought after government contracts. The end result is that these contracts go to larger contractors who then sub it out to the little guys.
This has been a massive thorn in the side of growth for SMEs………until now.
What is Forensic Accounting? (training video)
If you have ever wondered what is involved in the field of forensic accounting, then this video will leave you in no doubt.
How do you keep your business going? Paul Sweeney, Managing Director of SV Partners gives some valuable advice (training video)
“A wise man puts all his eggs in one basket and watches that basket like a hawke” – not sure who wrote that, I read about it (in a book). This week we are extremely lucky to have the opportunity to interview the Managing Director of SV Partners.
How do running costs or operational expenses and cash flow relate?
After you have tried your best to improve sales growth, cut costs while maintaining quality and competition, reworked your distribution channel strategy to expand your market while maintaining a steady gross margin, the next step is to concentrate on operating expenses. Where does it all end?
How do I improve my gross margins without losing business?
Maintaining and growing gross margins is a key driver in keeping your business in profit and maintaining a healthy cash flow. At the same time, you must constantly be working out ways of increasing your margin while not losing PROFITABLE customers. This article touches on factors to take into consideration when increasing margins.
How do I Find the Right Factor or Invoice Financier for my Business?
When or if you ever come to the realisation that invoice discounting or factoring could be the right solution for your business, then you need to set about finding the right factor suited to your business. Having been in the industry and worked with many referral sources I can give you some simple advice in your search.
What is the key to growing your business without exploding?
A large proportion of businesses fail when they are in a growth phase. The main reason this occurs is a severe lack of planning resulting in no cash in the bank to pay expenses. These failed business managers don’t know how to say no to business that they cannot afford to take on.
Why are you in business? Is it because you couldn’t get a job? Or, is it so you can sell it?
In the excellent book E-Myth by Michael Gerber, Michael points out that the primary reason for starting and building a business is to one day sell it. If he is correct in his hypothesis, and I must say that I agree with him, then you need to look at some of the factors that make your business valuable.
How Can I Use Factoring or Invoice Discounting To Benefit My Business?
The blanket question here is – suppose you had access to unlimited cash for your business. How would you spend it? Would you be able to achieve something that you are unable to right now, because you don’t have the cash?
Risks of which Factors and Invoice Discounters Must Be Wary
I have on occasion been asked by colleagues (outside of the invoice discounting industry) where the risks lie in the invoice discounting or factoring business. Being an insider in this business it is quite obvious to me what the risks are, however to outsiders I may need to go into a little detail. This post deals with the risks for the financier.
What does it mean when somebody says “Cash Flow is a problem”? (training video)
When I ask a business owner what their biggest challenge is and they answer “cash flow”, I start to wonder what that means. What exactly does somebody mean when they say cash flow is a problem?
In this video post I look at what goes into the makeup of cash flow and drives it through a business.
What Are Invoice Finance Rates And Fees? How Much Does It Cost?
Continued cash flow helps a business survive. In reality, most businesses constantly struggle to meet their operational expenses, while groaning under the weight of accounts payable and delays in accounts receivable. In such a scenario, invoice factoring has emerged as an excellent solution that gives the business immediate access to cash, without the shadow of debt. With invoice factoring, the business is not at the mercy of banks and their tough procedures, or lenders who expect a share of the business.
The Concept Of Debtor Finance – Why Every Business Should Consider It
Every business is constantly looking at ways to control its cash flow and increasing its working capital.
Debtor finance is a working capital solution that easily tops the list. Also known as invoice discounting or factoring, Debtor Finance gives the business that much needed finance based on its accounts receivables. A business can hope to receive as much as 90% of its invoice value for a reasonable fee. Here, the main point to note is that the business is not getting into debt by using this highly effective method, does not have to provide any security in the form of immovable assets, or face the hassle of time-consuming documentation and security.
To Factor or Not to Factor? That’s the Question
Factoring is a means of accessing cash flow from your business.
However, you have to be wary about when to use it and when it may not be the right solution. For instance, if you are barely surviving and you are desperate to get hold of cash to clear up past bad debts, suppliers’ bills, and [...]
AR Cash Flow Debtor Finance Caramelises Future of Manufacturing (training video)
AR Cash Flow has successfully applied debtor finance facilities to rapidly growing manufacturing and wholesaler without the need for real estate security and red tape.
Their latest deal has been done for Cintra Estate, originally from the Hunter Valley, who are very pleased with the reduced pressure on their cash flow as a result of debtor finance.
