At some point, every business owner will face the challenging situation where more money is flowing out of their business than is flowing in. This cash flow shortage can quickly make it difficult to cover payroll and day-to-day operating expenses, not to mention rapid growth and expansion needs.Read Entire Entry
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For many years, businesses have been utilizing invoice factoring to secure an immediate solution to their cash flow needs. Through this financing tool, businesses can quickly sell their unpaid invoices and receive an advance of capital.Read Entire Entry
To say the global oil and gas industry is large would be a gross understatement – it is massive. The oil and gas drilling sector alone makes up around 3.8% of the global economy.Read Entire Entry
For many people, moving into a new year involves taking stock of where they have been, where they are going and, most importantly, what makes up the in-between. If you are one of the many interested in maximizing yourself and your business, the first place to start is your mindset.Read Entire Entry
If you are a small business owner overwhelmed with a growing stack of outstanding accounts receivable, you are not alone. According to a report by New Sage, 13% of small and medium-sized business’ invoices are paid late.Read Entire Entry
The relationship between manufacturing companies and their customers is being revolutionized by various marketing and customer experience trends. Gone are the days when word-of-mouth marketing practices and a firm handshake were enough to win new customers and seal the deal.Read Entire Entry
In a capital-intensive industry like manufacturing, planning is everything.Read Entire Entry
When it comes to the financial management of growing a small business, cash is king. However, when a gap between paying your suppliers and employees and receiving payment from customers occurs, maintaining a smooth operation can become a real challenge.Read Entire Entry
As a small business owner, you understand just how important it is to stay on top of cash flow and what a challenge that task can be. Without sufficient cash flow, it will be difficult to meet payroll, operate smoothly and meet your financial obligations.
The manufacturing industry has evolved in recent years, thanks to new technologies, methods and consumer needs and demands. Even so, one fact remains the same: manufacturing and distribution is a capital-intensive industry with large capital expenditures.