Tweet

Tom Klausen Articles

Guest post by: Tom Klausen

Business Failures: They Don’t Have to Happen - Click To Read Article
The long-term success rate for U.S. businesses is only about 50 percent. But how often do business failures go unnoticed? The fact is, most business failures are noticed, but they’re ignored. These businesses often have operating lines of credit and operating accounts, but frequent overdrafts, or they have a line of credit that has turned into an evergreen loan. If you’re wondering why they don’t pay their bills on time, it’s simple: They have no cash flow.

Selling Into the U.S.A.: It's Easier Than You Think - Click To Read Article
If you haven’t considered the potential benefits of exporting your company’s products or services into the United States, you may be neglecting the largest, richest and most responsive market in the world. Unfortunately, many Canadian small business owners are either confused or intimidated when they hear the words ‘export’ or ‘international trade.’ But with the right planning, small business owners in Canada can and should approach the U.S. like an extension of the Canadian market.

Myth Buster: If I Factor, I Will Lose Customers - Click To Read Article
There are a few myths that have tainted many business owners’ perceptions of alternative financing techniques like factoring. One is that if they factor, they will lose customers because their companies appear financially weak. The truth is that a lot of businesses fail because they refuse to consider alternative financing techniques like factoring when they are clearly the best solution. The net result can be far worse than anything an alternative financing technique could cause.

The Difference Between Venture Capital and Working Capital: Why Knowing the Difference Can Help Your Business Survive - Click To Read Article
It is not uncommon for business owners suffering through a cash flow crunch to determine that bringing on an equity partner or investor, such as a venture capitalist or angel investor, will solve all their problems. Unfortunately, many businesses have failed due to this kind of thinking. Specifically, these owners did not understand the difference between equity financing and working capital. Often, what these businesses really need is simply a boost in or access to more working capital.

Why It’s Time to Bring Factoring Into Your Financing Equation - Click To Read Article
In your search for commercial financing in the midst of the ongoing credit crunch, here’s something to factor into your consideration: It may be time to look at factoring in a whole new light. Factoring can make the difference between success or failure for companies operating without adequate working capital-at a cost that’s probably a lot less than most business owners think.

Myth Buster: Factoring Is Too Expensive? - Click To Read Article
One of the many myths surrounding the factoring industry is that factoring is simply too expensive to be considered a viable commercial financing option for the average small business. When someone tells me they think factoring is expensive, I ask them “compared to what?” Usually, the least expensive option is not the best one. In the end, the cheapest solution often costs more because it did not solve the problem.

Factoring vs. A/R Financing: What’s the Difference? - Click To Read Article
In today’s tight credit environment, more and more businesses are having to turn to alternative and non-bank financing options to access the capital they need to keep the gears of their business running smoothly. There are a number of different tools available to owners of cash-strapped businesses in search of financing, but two of the main ones are factoring and accounts receivable (A/R) financing. Sometimes, business owners lump these two options together in their minds, but in reality, there are a few slight differences that result in these being different financing products.

Why Trucking Companies Love to Factor - Click To Read Article
In the midst of the credit crunch, companies in many different industries are discovering the potential benefits of factoring their accounts receivable. There’s at least one industry, however, for which factoring isn’t necessarily breaking news: trucking. Trucking companies have been taking advantage of the benefits of factoring for years.

How to Find Cash and What To Do With It - Click To Read Article
Like a mirage in the desert, outstanding accounts receivable can lie just beyond your reach. Except this is not a mirage-it’s real money that belongs to you, is earned by you, but very much out of reach until your customer decides to pay you. How can you release this trapped cash and put it to good use? The quickest and most effective way is to factor or finance your accounts receivable by selling them at a discount to a commercial finance company. This will enable you to replace your accounts receivable with cash in hand and could make a drastic difference to the way you run your business.

Commercial Financing: How to Do It Yourself - Click To Read Article
Contrary to what most small business owners think, commercial financing is not rocket science. In fact, there are only three main ways to do it: via debt, equity or what I call “do it yourself” commercial financing. Each method comes with benefits and drawbacks you should be aware of. At various stages in your business’ life cycle, one or more of these commercial financing methods may be appropriate. Therefore, a thorough understanding of each method is important if you think you may ever need to secure commercial financing.

Alternative and Non-Bank Financing: Don’t Be Afraid! - Click To Read Article
Despite the tight credit environment, there are many alternative and non-bank financing options available to companies that need a cash infusion. However, business owners often shy away from non-bank financing because they don’t understand it. To help ease some of the fear that owners often have of alternative financing, here is a description of the most common types of non-bank financing. There are many struggling businesses out there today that could benefit from one of these alternative financing options.

Referred by: http://www.cfgroup.net



Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Using Social Media Marketing

Designing Employee-Enhancing Training Programs

Four Secrets to Earning Income as an Author

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.