One decision every business has to make is whether or not to extend credit to customers. Providing customers with credit allows them to obtain goods and services now while paying for them later. At the same time, you have to be careful to do this in a way that’s responsible and doesn’t harm your cash flow. Let’s look at how to extend credit in a way that’s beneficial to both businesses and their customers.
A factoring company can allow your organization to fill the gaps between service and payment and ensure you have a reliable, steady stream of cash flow for your business. In some cases, though, you may need to make the switch from one factoring company to another. The most common reasons for making a switch include cost and overall quality; learning more about why you might want to make a change and the steps needed to switch from one factor to another can help you make the most of the process.
Small businesses in need of capital look at all different avenues for resources. Traditional loans can be difficult to qualify for and take a long time to fund. One of the easiest to qualify for and quickest sources of business capital is a merchant cash advance. However, business owners should fully understand what an MCA is and how it can negatively impact their business in the long run. Read more
If you own a small business or are planning to start one, it’s important to do your research and get familiar with current news, trends and statistics. Having accurate information can help you plan ahead and avoid common issues businesses run into, and set your business up for success.
One of the best ways to keep up with the latest developments in the trucking industry is to attend live events and conferences throughout the year. These give you a chance to meet experts as well as other trucking business owners, drivers and everyone connected to the industry. Here is a guide to trucking industry events of 2022.
