Alternative financing refers to non-traditional forms of supplying a business with sources of capital. Business owners usually turn to alternative financing when they do not have three years worth of gainful financial statements or do not have enough equity. There are many different sources to look to when a business needs additional funding. One source … Read more
Most inexperienced entrepreneurs are unaware of the many options and alternative strategies available to push a new idea or invention to market. The most common approach they seek to implement is a classic funding round. When this avenue fails, and with overwhelming frequency it does, the idea often is dropped. Driven inventors attend invention trade … Read more
Credit control has never been more important. One inevitable consequence of the downturn is an increasing number of companies addressing their own cashflow difficulties by delaying payment to their suppliers. Thus, the company that used to pay 30 days after receiving an invoice may now hold off on payment for 45 or even 60 days. … Read more
Companies not paying on time ……………… do so for two main reasons. a) they have severe cash flow problems and b) they use their customers as an interest free loan. Trade credit is almost always interest free, in the current climate customers are using their suppliers as loan providers. Any extra delay means money in … Read more