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AtricleZine - Accounts Receivable Factoring - A Viable Cash-flow Solution for Small and Medium-Sized Enterprises
Most of the frauds people are aware of in e-currencies is that whereby the scammer, pays for an item from a reversible e-currency such as paypal, stormpay e.t.c with a legitimate account, obtains the item and initiates a chargeback on receipt of the goods, thereby stealing the item and recouping his cash.However e-gold at the moment is irreversible (and I congratulate the CEO of e-gold for trying to clean up the system). Currently one of the highest areas of fraud is in currency exchanges. One of the ways fraudsters attempt to defraud ignorant individuals is by insisting on a currency exchange with the same bank.Let me give an example, you might receive a typical message that goes something like this:"I need e-gold, and I am willing to pay from my Wells Fargo account..."The scammer will also insist that his/her potential victim also has a Wells Fargo account/or same bank/The reason why is since e-gold is irreversible, i.e you cannot initiate a chargeback, all the scammer has to do is retrieve the funds, because of the reversibility associated with e-currencies such as paypal, stormpay e.t.c it is not so lucrative to scammers, as any unauth
One of the anchor points in contemporary business is access to capital, especially when it helps maintain free cash-flow. In many respects they are one and the same thing, the difference merely being access to capital is a necessary p
There is a large ground swell building in the general public. If you wish to be successful with your Internet business, then you had better ensure that you practice integrity in all your business dealings.Everywhere I turn, people are discussing how they or someone they know has been ripped off by another Internet scam. Thousands of Internet customers have been burned by Internet businesses that put financial success ahead of business integrity.My mentor, Mike Litman, #1 International best-selling Author of "Conversations With Millionaires" keeps telling me, "Gilbert you must grow as a person before you can reach a new level of income." He insists that you have to ensure that your customer gets way more benefits than he has paid for. You must ensure that he always feels happy and satisfied because he did business with you. In this way, he will be willing to do business with you in the future.Jim Rohn, a great motivational speaker, says it is far more important who you are becoming than what you are earning from your Internet business. Jim advocates that you should work toward becoming a millionaire, not for the money, but because of whom you become while achieving that goal. He
In particular, you must stay abreast of changes in your competitive environment, and remain fully apprised of mechanisms that will enable a response fast enough to keep you in the game. This article will look at one of those mechanisms, access to capital and through that, free cash flow. In doing so we’ll use an intuitive framework, peppered with some economics. Why? Intuitive analysis is ideal for answering specific questions; in this case ‘What will best enable my firm to manage rapid changes to competitive economic conditions and stay in the game?’ And I’ll use economics because of Steven Levitt, America’s most outstanding economist under-40, who along with Stephen Dubner considers that ‘if morality represents how we would like the world to work, then economics represents how it actually does work.’
By speaking to specific anchor points, strategic issues affecting the access to capital problem can be explored and initiatives developed to allow a timely solution. In short, it’s the fastest and most accurate way to answer the question you face, because it’s easier to understand and doesn’t get bogged down in extraneous, unnecessary analysis.
One of the anchor points in contemporary business is access to capital, especially when it helps maintain free cash-flow. In many respects they are one and the same thing, the difference merely being access to capital is a necessary pr
Customer bills that are unpaid after the terms that were set are considered past-due accounts. Many business owners and managers have a billing processes, but no process for collecting on past due accounts.One of the biggest dilemmas small business owners face when managing a business in collecting on past-due accounts. Why, do we have a fear of contacting clients or customers who owe us money? Most business owners avoid calling a client of customer on a past-due account, they prefer to send a letter, which do not bring results. Here are a few step to collecting on past due accounts.1.Once an invoice has been sent to the client or customer, and payment has not been made with in the terms. Give the client or customer a professional courtesy call to confirm that they received the invoice.2.After 1 week if payment has not been paid, place another professional courtesy call, advising that the payment still has not been received, be sure to ask when payment will be send, the check number and amount of check.3.Send out a demand letter immediately after call.4.Contact a reputable collection agency who specializes in collecting on business accounts for past due accoun
In particular, you must stay abreast of changes in your competitive environment, and remain fully apprised of mechanisms that will enable a response fast enough to keep you in the game. This article will look at one of those mechanisms, access to capital and through that, free cash flow. In doing so we’ll use an intuitive framework, peppered with some economics. Why? Intuitive analysis is ideal for answering specific questions; in this case ‘What will best enable my firm to manage rapid changes to competitive economic conditions and stay in the game?’ And I’ll use economics because of Steven Levitt, America’s most outstanding economist under-40, who along with Stephen Dubner considers that ‘if morality represents how we would like the world to work, then economics represents how it actually does work.’
By speaking to specific anchor points, strategic issues affecting the access to capital problem can be explored and initiatives developed to allow a timely solution. In short, it’s the fastest and most accurate way to answer the question you face, because it’s easier to understand and doesn’t get bogged down in extraneous, unnecessary analysis.
One of the anchor points in contemporary business is access to capital, especially when it helps maintain free cash-flow. In many respects they are one and the same thing, the difference merely being access to capital is a necessary p
In the Industrial Age the main skills you needed to survive and prosper in the business arena were loyalty and strong work ethic. You could set your watch by annual pay raises. Seniority was the standard for upward mobility, but that was long ago.Survival today takes a lot more. If you have a job, you’re probably working harder and longer than you were ten years ago, earning fewer pay raises, benefits and languishing on the promotion stepladder.People used to have career master-plans: Get a degree, get a job, and retire with a pension and full benefits. Today, career planning is an oxymoron. Technology, reengineering, and a global economy have altered the career landscape. To survive, you have to learn to manage your career and your life in a much different workplace.You must understand that there is less loyalty and trust. Employers and employees today don’t expect lifelong commitments from each other anymore. Now you have the freedom to choose your own path.There are fewer and fewer opportunities for upward mobility and downsizing means survivors usually work more. If you’re in management you’ll have to find new ways to motivate others as well as yourself. Companies to
By speaking to specific anchor points, strategic issues affecting the access to capital problem can be explored and initiatives developed to allow a timely solution. In short, it’s the fastest and most accurate way to answer the question you face, because it’s easier to understand and doesn’t get bogged down in extraneous, unnecessary analysis.
One of the anchor points in contemporary business is access to capital, especially when it helps maintain free cash-flow. In many respects they are one and the same thing, the difference merely being access to capital is a necessary p
Companies that specialize in taking and recording missed calls from the subscriber to the service are known as answering services. These services essentially perform the function of the basic telephone answering machine. Like an answering machine, answering services usually offer their customers the ability to record a voice message. This message plays to callers after a given number of rings. The service holds the voice message, and any recordings left by callers. The costumer can play back these messages and other recordings by using through a simple phone call and password log in.If you actively use a cell phone like most people these days, then a description like the one given above isn't necessary for you. Your messages are recorded by answering services because cell phones clearly cannot hook up to a traditional answering machine. This service is typically part of the contract users agree to with your service providers.If you have tried to order something on the phone before, then you are probably familiar with answering services. You will usually be redirected to an answering service when you call a business whose operators are all busy with incoming calls. You are not normally
By speaking to specific anchor points, strategic issues affecting the access to capital problem can be explored and initiatives developed to allow a timely solution. In short, it’s the fastest and most accurate way to answer the question you face, because it’s easier to understand and doesn’t get bogged down in extraneous, unnecessary analysis.
One of the anchor points in contemporary business is access to capital, especially when it helps maintain free cash-flow. In many respects they are one and the same thing, the difference merely being access to capital is a necessary p
One of the easiest ways to make a profit through wholesale is to align yourself with a drop ship wholesaler.I have been doing business with a company for the past nine months. I am very satisfied with the results. The main points of satisfaction are that they have quality products, and usually ship by the next day of the order being placed. They ship by Fedex, and the shipping rates are reasonable.The first thing you do is set up an online store. This store is purchased through them, and it is pre-stocked with their products. This is not a monthly fee. The first step is to pick a name from what they have available, or use your own store name, that you register as a domain. The support does not stop there. The administration area gives good information, and many "how-to’s" on how to set up the store.Some of the points that I like are:1. When a package is sent the name of your store, like One Stop GiftsShop is on the shipping label, but with their address. 2. You can delete any items you do not want to carry in the store. 3. You can decide on the markup you want for the price. 4. There is an ebay form that can be used to sell on ebay. 5. A
One of the anchor points in contemporary business is access to capital, especially when it helps maintain free cash-flow. In many respects they are one and the same thing, the difference merely being access to capital is a necessary precursor to free cash flow (you can’t use it until you have it). And everyone needs it. Payroll, materials, overhead, and debtors taking anywhere from 45 to 120 days to settle their accounts, using your firm as a surrogate line of credit.
Access to capital becomes an even larger issue in the business environment described earlier, where speed to market and the ability to ‘tool-up’ (increase production) are crucial to meeting ever shrinking delivery timelines. Many of us have experienced the elation of being awarded a large tender, something that will fill the order book for the next six months, immediately followed by the hangover that comes with the realization that the firm will struggle to fund the project based on existing and forecast cash flow.
Small-to-medium enterprises encounter particular problems when it comes to cash flow and capital access to fund growing operations, to the point where lack of access is an issue that can threaten continuing operations, even in a rising market. Balance sheets take time to build, and it is against this security that banks will lend.
Developing initiatives to tackle this problem involves looking at some existing options and making a comparison, arriving at a decision that best enables a solution to the problem at hand. In this instance, a comparison of bank funding against invoice factoring provides insight into possible solutions for the capital access / cash flow problem.
Everyday economics can inform this comparison, particularly the study of incentives -
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