Lets face it; you didnt start your business for the thrill of placing collections calls or faxing multiple invoices. A non-paying customer is one of the most common nightmares for business owners that can waste time and man power. Businesses can become tangled in time consuming processes of chasing debtors for accounts receivable. Every payment counts, and delinquent receivables can bog down, even ruin a business.Companies have always been...more
A sale is not a sale until you collect the money. The time between issuing an invoice and collecting on it can be a sparse financial time for any company. During this time, the business has fit the bill for the supplies, time, and resources used to supply a client with the product or service. Now, that business must find a way to cover operating expenses until the invoice has been paid in full. This, unfortunately, can take anywhere from thirty...more
In todays rough economic environment, nothing is more important than getting paid for the services you provide. The same applies for cash intensive companies like trucking and freight businesses. In these lines of businesses, it can often take nearly two months before the company sees any payment for the services that have already been provided. In that time, bills must be paid with money you have not received. Drivers must be compensated and the costs of fuel, maintenance, insurance, and repairs must be covered. These expenses are a constant drain on finances. Waiting thirty to sixty days for payment can be challenging for any trucking or freight company, and can leave any business struggling to stay afloat. Some business owners turn to bank financing to supplement their cash flow, but banks rarely provide finance to small companies. This is not the solution to chronic financial problems. It is simply an expensive band-aid. Freight bill factoring can help ease cash flow problems for any business. Freight bill factoring is the purchase of freight bills for cash. This is also a way for a freight company to be paid immediately for the work they have done, whether or not the shipper...more
Since the credit crisis hit global financial markets, many companies have seen their lending sources dry up, causing major strain on them to complete everyday tasks. The troubling news is, despite government effort, a new report suggests things arent improving. According to a Wall Street Journal analysis of Treasury Department data, banks receiving...more
So, you are about to embark upon the fun task of switching banks, opening an account for the first time or perhaps just looking around to see what is out there. Think about what you need and then look into your choices. Consider how fast you can get results. Does the bank or credit union utilize automated decisioning so that you can get results in...more
Index Trading is simple, the term 'Index Trade' refers to a trade that can be placed whether a particular Stock Market Index moves up or down over any specified (short-term) time period. You never actually own the instrument you are investing in, you are simply taking a 'position' on a particular Index to move in one specified direction, either 'UP or DOWN'. There are many global Stock Market Indices, some examples include: XJO (Australian Stock Exchange - ASX 200); FTSE (London - UK Stock Exchange - FTSE100); CAC (Paris - French Stock Exchange - CAC40); INDU (US Stock Exchange NYSE - Dow Jones Industrials Average - DJIA30).Share Trading and Index Trading are often incorrectly thought to be the same thing. The terms 'Share Trading' and 'Index Trading' are never to be used interchangeably, although they both utilize the same Stock Market Indices, they are two entirely different trading systems. The trading process in Index Trading is based on taking a position on which way an overall market will move in a relatively short time frame, requiring minimal investment, and minimal risk by the trader, in comparison to Share Trading which...more
The business of doing forex mainly relies on foreign currency exchange rates. These are the dollars, yen, euros and other such currencies which are being used to facilitate an exchange between various forex businesses. If you are new in the forex...more
As the major economies start to stabilise and the risk of a depression thankfully recedes, many people are reflecting on a few important issues. Firstly, how did it happen? Secondly, how can you better protect yourself in the future?Few would argue...more
As the world slowly recovers from the credit crunch and we look back at what went right and what went wrong, people are increasingly looking to take control of their finances.Many of us are looking to be more tax efficient with our investments. We...more
With the world in recovery mode, many people are still questioning how the financial markets got so out of control. They are also questioning something a little closer to home; how to better look after their own money and finances.If we are being...more
Getting back to even!! Boy...that has a nice ring to it! After suffering through the market’s near collapse in 2000, I thought I’d seen the worst of it. I’ll never forget...My broker at the time (long since fired) worked...more
So it looks like we have avoided a 1930s style depression however the current forecasts still suggest slow growth and a difficult time ahead. So what should you do in a difficult environment with your own finances?If we were to be honest with...more