Why do we say "Cash Flow is King"? Often times, you find that small business owners do not always understand this phrase. When a business owner looks at their cash flow, many times they see it as a negative thing. Why? Well, when you do not have enough of it, of course you are going to think of it in a negative way.
You can get your cash flow moving by understanding how to use what you have. If you invoice your clients, then your invoices are an asset. Use those invoices to access the cash flow you need or should have on hand, not in someone else's bank account. Isn't it better to have your money today, verses waiting 45, 60 days or more? What good is it to you if it is only on paper? So, if you have a cash-strapped business that have receivables (outstanding invoices), you really should consider selling those invoices.
This concept is called "Factoring" or "Accounts Receivable Financing". Use them to benefit you in today's tight credit/lending market! Having your money today will cost you less than waiting 60 days or more to access it. To learn more, contact me.
Written by: Karlene Sinclair-Robinson
Author of The Small Business Owner's Guide To Alternative Funding
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To all guest visiting this blog for the first time, I welcome you. This blog site will endeavor to post valuable and meaningful articles and information to guide you. It is my hope that you learn something of value from visiting Accessing Alternative Business Capital Blog. I look forward to reading your comments. Do not hesitate to contact me with your questions and thoughts.
"The Fear of Success is just as debilitating as the Fear of Failure. Do not let either one hold you back." ~Karlene Sinclair-Robinson
"The Fear of Success is just as debilitating as the Fear of Failure. Do not let either one hold you back." ~Karlene Sinclair-Robinson
Wednesday, July 28, 2010
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Spank The Bank: The Guide to Alternative Business Financing
The Small Business Owner's Guide to Alternative Funding
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