Check out the Open Forum Blog. It’s a brand new group blog where I will be contributing once a week.
My first contribution is about factoring receivables (i.e., selling your invoices) as a method of financing growth of your business. Now, on the surface, factoring may sound kind of dry. (“Dry?,” you’re thinking. “Try Sahara Desert.”)
Actually, it’s more interesting than that. 🙂
Invoice factoring sometimes is treated like the Rodney Dangerfield of financing — in some quarters it just “gets no respect.”
Yet, factoring is a well established way of accelerating business cash flow. Businesses use it as a way of not getting caught in the small business squeeze — you know, that spot between customers who owe invoices and employees who expect their paychecks.
To understand why it doesn’t “get no respect,” read: “Factoring Receivables: When it Makes Sense, When Not.”