RUXIANAIYAOPIN

SBA Loans and Small Business Financing Alternatives for 2011

Managing a business is never easy, but it’s made more difficult when confronted with an uneven cash flow stream. Managing cash flow is a going concern for all businesses, regardless of size. Financing customer receivables is not only a cost in itself, but a tremendous drain on a company’s resources when they must meet their day to day operating expenses. So, what’s the solution? Well, business loans and credit lines are becoming less and less of an option as banks and lending institutions tighten credit limits and lending practices in response to the global recession. However, there is a solution and it comes in the form of receivables factoring. What is receivables factoring and how can it help businesses manage cash flow?

Receivables factoring simply involves a company selling its outstanding customer invoices, or receivables, to a finance company in return for the right to draw upon the receivables outstanding amount. In a sense, it’s a short term business loan without the added headache of high interest rates. In return, the finance company will proceed to collect on the invoice from the customer. Once the full amount is collected, the finance company will reimburse the company the difference and deduct a small fee for the transaction.

Payouts for receivables factoring depends upon the credit worthiness of the customer, their market or industry and the general likelihood that the finance company will be able to collect. Typically, initial payouts are anywhere from 75% to 85% of the receivables value. Aside from the fact that there are little to no interest rates charged, the overall benefit for business owners is ease of use. Factoring has been adopted by a number of industries in response to customers who have typically benefited from extended payment terms. Companies that use factoring have excellent bottom lines, are well managed and market leaders, but suffer from issues with customer payments. A perfect example would be the housing construction industry where construction requires a significant financial outlay with little opportunity to recoup that investment until the property itself is sold.

Companies that have significant assets tied up in their receivables can turn those receivables into immediate cash. Finance companies are flexible in options and provide their customers with the benefits of using recourse & non-recourse factoring. Recourse factoring allows the company selling the receivables to secure a higher initial payout provided they guarantee the finance company is paid on the invoice. Non-recourse has a lower initial payout but allows the company to avoid any guarantees relating to invoice payout. Overall, factoring & accounts receivable financing is becoming a more viable option for business owners looking to avoid the high costs of business credit lines and loans. It is not an indication of a company’s overall health, but merely a solution to short term cash flow issues.It appears that your web host has disabled all functions for handling remote pages and as a result the BackLinks software will not function on your web page. Please contact your web host for more information.…

STOP Playing Around – It’s Time to Commit!

If Financial Ignorance = Bliss. You’ll Be Blissfully Broke…

Imagine for a moment that you are playing an important game of tennis. It’s the club final and you are the favorite. There is a big crowd and as the game progresses, everything seems to be going to plan. You’re playing well and you’re winning points. Victory can’t be far away. There is only one problem: there is no scoreboard and the umpire is keeping score to herself. No one except her knows what’s really going on.

Nevertheless, you plough on and despite being in the dark about the score, you feel positive that eventually she will declare you the winner. You are so confident that you can’t help but relax just a little. You start enjoying the party-like atmosphere.

Then out of the blue, the umpire declares that it is match-point… to your opponent! You can’t believe it. You go back to the baseline and set yourself up for this big point. But it’s too late to get your mind back into gear and you hit the return wide. The game is over, the final is lost. If only you’d been able to track the score during the game. You would have been able to fight back earlier.

Are You Playing A Game of Scoreboard-less Tennis in Your Business?

Every day, hundreds of businesses operate as though they are playing a game of scoreboard-less tennis. Every month the owner runs on feelings – no more than a guess about how well the business is traveling. A day or two after month end, she will look to the ‘umpire’ – her accountant – who will give her the ‘score’ – her financials. And most times, her perceptions will prove inaccurate and it is far too late to do anything about it. When things changed – when her ‘opponent’ started to get on top – she simply didn’t see it coming.

Your financials are to your business what the scoreboard is at a sporting contest. Can you honestly say that you know where you are and where you are going? Do you often look at your financials and wonder what they mean? Do you waste money and time chasing new leads and sales instead of fixing your business and making it profitable?

Could Your Financials Use a Bit of Foreplay?

When is the last time you took two hours out of your week to print and look at your financial statements? If you are like most small business owners, you never dreamed that the ability to understand how money works would be very important. You thought: “That’s for the accountant to worry about. Sure, the accountant shows me a few reports from time to time, but I don’t see the need to really understand what they mean. If there was a problem, she would tell me, wouldn’t she?”

You probably don’t realise that all those numbers – the financial DNA of your business – can tell you a lot more than you thought. They can tell you why you’re suddenly struggling to pay the bills, why your business is not performing as well as you thought and why you’ll have to forego your salary – again – because there isn’t enough cash.

The financials are the story of your business. Numbers don’t lie. They are one of the few objective indicators of how your business is performing and WHY. Regardless of any justifications you use to explain why your business is not performing – the economy, the shortage of ‘good’ staff, the competition, the rent – the numbers tell the truth and can lead you to the solution. You just need to learn HOW to use them to your advantage.

The BEST Way To Achieve Profitable Growth

You cannot achieve profitable growth in your business without first establishing that you are in fact profitable. Closing more sales is not enough. It’s a bit like spending 100% of your time practicing your serve while neglecting to watch the scoreboard and practice your returns.

Break-even is one of the most simple and powerful calculations that you can use to measure and enhance your profitability. A company is said to “break-even” for a period (usually a month) when its sales revenue catches up to its costs. Specifically, accountants talk about break-even as the point where ‘fixed costs’ (rent, salaries, etc.) are matched by ‘gross profit margin’ (sales revenue minus COGS).

Calculating your break-even each month and knowing specifically which day of the month you break-even, allows you to hit the sweet spot of your company and make informed, strategic decisions about how to achieve growth that is profitable for your bottom line. And that is the best way to hit an ace in your business.…

Debt Management Plans – Are They Worthwhile?

With the proliferation of credit facilities being offered over recent years, sometimes, on the face of it, with little or scant regard being paid to the ability of the borrower to finance the level of loan being offered, more and more people have come to find themselves indebted to one or more financial institution. In times of austerity, they may find that their projected income was too optimistic or they may have even lost their employment. Of course, there are also those who were ill-advised to borrow in the first place and who never, in reality would have the means to settle the loan or loans. Whichever category a debtor may fall into, the result can be non-payment of certain monthly installments, having to cut back on some of life’s necessities or a complete default in repayments, all of which are financially unpalatable.

A search of the internet under the words “debt management” will result in a multitude of sites that the debtor can go to. The focus of these sites is to seek to come up with a plan – a debt management plan – to assist the debtor in meeting his obligations to all of those to whom he is indebted. The way that this works is that the debt management company negotiates with the various creditors a reduced level of installment with the intention that they will recognise that the debtor is more likely to pay off the debt with a more manageable monthly payment. The debtor’s rent or mortgage payments and other essential expenses are calculated and the balance is considered when arriving at a figure for the monthly repayments under the debt management plan. The debtor can find himself with a much-reduced monthly payment, which can avoid the consequences of defaulting in repayment.

On the face of it, this would appear to be an ideal scenario. However, it should be said that, save for governmental, non-profit making or charitable debt management services, it is likely that the debtor will be charged a fee for the service provided in procuring the debt management plan. The fee can either be a one-off payment for negotiating the plan or an ongoing management payment if, say, the creditors require a regular review of the plan. These payments can be substantial, particularly for someone who cannot afford to pay their debts!

A second disadvantage is that referral to a debt management agency may well result in an adverse credit rating (although it should be borne in mind that default in payment of debts, court judgments and bankruptcy also have detrimental credit rating consequences.)

Debt management plans are not for everyone. However, they do have their place in the financial world, and this is unlikely to change in the foreseeable future. If you feel that a debt management plan is for you, then you should certainly consider whether a non-fee paying service is available to you. If it is not, you should be careful when considering which fee-paying service that you wish to engage. Look carefully at the amount that they charge. Consider, for instance, whether you are asked to pay a flat fee or a fee that represents a proportion of your indebtedness. Ascertain whether you will be asked to pay further fees if and when the situation of your debt management is reviewed. Shop around as much as you can and, importantly, try to take some independent advice before committing yourself to any particular debt management service.…

Accounting Employment – How to Earn a Raise and More Opportunity in an Accounting Job

Different people are interested in different fields. It is always very important to choose your career wisely so that you do not face any kind of problem in future. You must always make sure that you love your job. Unless you love your work you will not be able to do it in the best possible way.

You must be hard working and love to face challenges if you want success for yourself. There are different kinds of jobs available these days. There are people who are very much interested in the accounting jobs.

If you want a career in accounting then you must have a good hold over mathematics and must love to do different types of calculations. If you are interested in this field then you need to find out the various opportunities that are available in this field. After entering the job you need to work hard so that you can earn a raise.

If you want to get into this field then you must start studying accountancy from the very beginning. This will help you create a base. Accounting employment has increased a lot these days.

There are lots of places where you can look for such employments. Accounting career is one of the most popular careers because of the kind of pay it has. You can either join the government companies or even the corporate companies.

Some people want to perform their work individually and this is the reason why they open the firms. You can look for the accounting employment opportunities in the internet. There are various websites which can offer you with the list of companies who wants to hire people for their accounts department.

After you enter into this job you must always try to move up the ladder and get promotions. If you want you can even contact the accounting employment agency to learn about the job opportunities available in this field.

You must always remember one thing that this field is within the financial sector. You will be responsible for handling as well as calculating money. Only people who are extremely responsible must try for the accounting jobs. An accountant is important for each and every company.

He is the person who calculates the profits and the losses made by the company. If you are worried about these jobs then you can be assured that accounting employment will stay for long time.

If you can earn a degree in business or management then it will become easier for you to get more job opportunities in this field. Other than this, you can also expect to have a good raise. These jobs are a part of finance employment. The financial sector is one of the largest sectors present in any country.

If you can enter into this sector and perform well then there will be no looking back for you. Accounting career has various different areas and you can choose a particular area and specialize in it. You must also have a good idea about the market conditions.…

How to Get Help With Debt

Are you in trouble financially? Do you have more debt than you can handle? Are you trying to pay off your loans and credit cards but you just can’t seem to get ahead? If so, you need help with debt. You need help learning how to pay it off get back into it right financial position.

There are several ways you can get help with debt. First, find a person who knows what to do. Paying for a financial planner might not be the best thing at this point because it will just push you further into debt. If you can find a friend who will help you out for free or get some kind of financial counseling for free, take advantage of that opportunity.

If that is not available to you, think about learning what you need to know on your own. Fortunately with the help of the Internet and lots of written material, you can learn all you need to know on your own. Take some time to read books about debt management. There are many experts out there who write book after book on how to get out of debt yet so many people still continued to overlook it. Even if you have to buy a $10 book, it could help you immensely.

Don’t give up on a fresh rationale. If you give up, you are costing yourself money and are bringing on even more stress. If you don’t know what you’re doing, admit it and get the help you need.…

Enhance the Sales by Making the Use of Credit Card Processing

You must have good information about the credit card process if you want to get the best benefit from your trade. If you want to include the plastic cards for making payments then you can come across a fresh group of patrons which can serve your purpose and make a profit for your business. If you select this option then you can certainly make your business reach at the new heights. There are ample of people who do not sense value of extra efforts which are required for this processing.

The case is quite different and easy as it appears to you. Some benefits which are rendered by the user of these plastic cards are enlisted below.

1. Gives a good and classy look to the trade with which you are dealing.

2. Enhances the sales.

3. Draws a good number of customers towards your business.

4. Essential for the sales which take place via internet.

These days you can easily come across innumerable people who ponder over the ways in which they can provide their business with best and most matched benefits. They have switched over the use of these plastic cards to get the best from the services provided by them. The credit cards are the easy and secured way in which you can make any transaction for your money. The simplicity and unsophisticated processing which is involved in these plastic cards will attract the customers towards the trade which is being dealt by you.

The current researches have shown that the patrons are heading to make the impulse buys when they are making any deal with the cards. When you have any cash in the side pockets, the amount is quite visual which when you have the cash in your pocket, it is very visual how much money you have to spend. However, with a credit card, people are less likely to think about how much money they are spending in the long run as it is typically something they will pay out over time.

What this means is that people are more than likely to purchase something they had no intention on purchasing. They are also likely to make much larger purchases overall. Whenever someone is using their credit card they are much more than likely to spend more money than they would if they were paying with cash. People are much more likely to hold on to cash than to use their credit card.

Once you have understood that entire card processing can do for you, you will be able to seriously consider it for your business.…

How Can Credit Counseling Help Your Financial Situation

In the past few years, the decline in the economy has had a tremendous impact on many people. Today, more people are finding it difficult to make ends meet. They are living from paycheck to paycheck and having to deal with managing a lot of debt. When in such financial difficulties, one place many people turn to for help is a credit counseling agency.

Credit counseling agencies are agencies that work with clients to find practical solutions to their financial problems. They provide workable debt relief solutions such as creating manageable budgets, providing financial education and money management strategies, and helping people to find ways to repay their outstanding debt such as credit card debt, overdue utility bills and cable bills, and more.

When it comes to credit counseling, a credit counselor can help you implement a debt consolidation plan. This type of debt management plan involves a credit counselor negotiating a repayment plan with all of your creditors. This will include a monthly repayment amount that has a lower interest rate. You will send your payments to the credit counselor and they will distribute the payments to the creditors. The one lower interest rate and lower monthly payments makes it easier and faster to pay off the debt. Debt consolidation has less of an impact on your credit rating and it helps people who are no longer able to make their payments on their unsecured debt attain debt relief.

Credit counselors are trained and certified to be debt management specialists. Credit counseling involves meeting with a credit counselor to discuss your current financial predicament and then you will have follow up appointments where you will receive financial education counseling, develop a manageable budget, and discuss your debt relief options. Once you know where you stand financially, you can implement the best debt relief plan that will help you out get out of debt. The initial counseling session can last at least an hour with scheduled follow-up meetings. You will basically develop and implement your own personal financial plan. You will not just benefit from getting out of debt, but you will learn essential financial skills such as: the responsible way to use credit cards, how to cope with financial stress, how to create a proper budget, and how to manage your personal finances more cost effectively. For those in a great deal of debt, credit counseling is a choice that should definitely be considered when seeking to implement an effective debt management program.

Anyone who has been in serious debt knows that achieving financial freedom can often seem like an impossible endeavor. However, there are debt relief solutions available to help people achieve financial freedom. A credit counseling agency can help you achieve your financial goals as long as you are committed to those goals. Credit counselors can help you create a plan and help you stay on target to reach your goals. With the help of a credit counseling agency, you can indeed achieve financial stability.…