Step-by-Step Guide to Crafting a Business Plan Effectively
Did you know that crafting a business plan is one of the most important things you can do to ensure business success? While putting pen to paper can be challenging,…
Author: Armando Armendariz
Invoice Factoring Myths: Uncovering Truths for Your Business
John F. Kennedy once said, “The great enemy of truth is very often not the lie, deliberate, contrived and dishonest, but the myth, persistent, persuasive, and unrealistic.” Countless examples of…
Cash Conversion Cycles: What Every Business Owner Must Know
Imagine running a marathon with only sporadic access to water. That’s what managing a business without understanding your cash conversion cycle (CCC) feels like. In today’s fast-paced market, the ability…
4 Simple Debt-Free Cash Flow Strategies for Small Businesses
Two-thirds of small businesses admit they struggle with cash flow issues, and about half of those who do also find it challenging to keep up with vendor payments and other…
10 Credit Crunch Business Strategies to Boost Your Resilience
“Credit crunch” is more than a buzzword. Nearly nine in ten small businesses say it’s impacting their growth, a new Goldman Sachs survey finds. One in five say it’s causing…
5 Benefits Factoring Companies Offer Other Than Factoring
The benefits of invoice factoring cannot be overstated. Most businesses with B2B invoices qualify, and it provides you with an instant injection of working capital that you can use however…
Factoring Notice of Assignment (NOA): Everything You Need to Know
A factoring notice of assignment (NOA) is usually required when you factor your invoices. Rest assured, NOAs are quite common in business and aren’t a cause for concern. However, it…
How to Build a Powerful Business Financial Team
Although you may be perfectly capable of managing day-to-day activities, building a business financial team will become imperative as your company grows. Below, we’ll look at some situations when adding…
How to Identify and Avoid Business Scams
If you’re looking for information on how to identify business scams, the unfortunate truth is that, in all likelihood, you’re already a victim. More than two million small businesses are…
8 Simple Ways to Encourage Your Customers to Pay on Time
Managing your business’s cash flow and trying to get invoices paid on time can seem like an uphill battle. These are the customers who have consistently helped you build your…
