Here at the Commercial Finance Group, when we work with a business to implement a new funding solution, such as factoring receivables, we begin by getting to know the business, the story behind it, and the business’ goals. Understanding the story behind a business is important for numerous reasons. The story that has fueled the [...]
Keeping morale in your company high is critical to operating a successful small business. Whether you are operating a healthcare facility or a boutique shop, the energy of your employees will dictate a lot about how well your business runs. When your team is not motivated and excited about their day-to-day tasks, it can take [...]
When money is tight at your company, it can be hard to know how to reward your staff without pushing the boundaries of what your business’ pocketbook can handle. The good news is that there are plenty of affordable perks you can offer while your company is in the growth process or struggling with cash [...]
Odds are good that if you are running a small business or startup you have a solid list of key performance indicators (KPIs) that you track on a frequent basis. These KPIs are usually geared toward monitoring the health of your company, the projection of your future profits, and the performance of your team as [...]
In order to grow your small business or startup, you need to foster the right mentality in your workplace. Your entire team needs to adopt a growth mentality in order for your business to have the best chance at success. This type of thinking might not come naturally to every person in your company, which [...]
Having the right people working at your company will go a long way towards the success of your business. When you are running a small business, this becomes increasingly true. Each team member will be vital in achieving the company’s goals. As your small business grows, your staffing needs will grow as well. Where there [...]
In order to ensure that you get the most out of factoring, you should enlist the help of a senior financial member on your team. This person should be constantly monitoring and tracking the usage of the factoring facility and working capital. Often, a company does not successfully utilize factoring finances because they are not [...]
You probably know by now that invoice factoring is one of the best and most effective ways in which small and medium-sized businesses ease some of the problems they have with cash flow. While you may understand the basics of factoring, that might be all you really know about the service. In this post, we [...]
If you are the owner of a small or medium-sized business, you probably have done a fair amount of worrying about cash flow issues from time to time. While we have spoken about how invoice factoring could potentially be the answer for you, you might also want to consider invoice discounting depending on your specific [...]
We understand that the world of finance is often a difficult one to navigate. This is never truer than when you are attempting to get a new business off the ground. Where do you start? What do you need to know? Plain and simple, factoring is one of the more effective ways in which people [...]
