Small-Business-Factoring-Steps

Tips For Starting a Small Business Factoring Company

Wondering how to start or grow a small business factoring company? Based on two decades of experience, Jeff Callender shares his tips for factors … [Read More...]

Start Factoring Business Training

Starting Your Own Factoring Business? It’s Your Call

At some point in our working lives many of us think about starting a business and being our own boss. The thought of … [Read More...]

Factoring Examples

Accounts Receivable Factoring Examples

For some business owners accounts receivable factoring will provide solutions when all other avenues fail. Of course the greatest area of concern is usually the factoring fees leading many to … [Read More...]

One Person Factoring Business

How I Run My One Person Factoring Business

Have you wondered what it takes to run a small factoring operation by yourself or with just a family member? What do you need for day-to-day operations in terms of equipment, technology, … [Read More...]

Recent Articles

factoring score card

Look Inside To Be Successful In Your Factoring Business

Whenever you watch a sporting event whether it’s baseball, football, hockey, basketball or some other sport, the objective is to score as many points as possible to beat your opponent. I usually score really high at my favorite sport--unfortunately it involves golf clubs and a little white ball. The same is true for the factoring business. Whether your company is a startup or a seasoned veteran your goal is to score points in the form of revenues while keeping expenses low and eventually … [Read More...]

ecofriendly factoring business

Earth Day Tips For An Ecofriendly Factoring Business

April 22nd will mark the 46th annual Earth Day, an internationally recognized holiday that promotes environmental conservation and energy efficiency—does your factoring company/brokerage have a plan to contribute to the cause? If not, no worries—there is still time to come up with something. From making your factoring firm more ecofriendly to choosing an ongoing project with which to get involved, there are numerous ways that your factoring business can join the movement and do its … [Read More...]

factoring company cyber fraud

Protecting Your Factoring Company From Cyber Fraud – Proxy Servers

As technology gets more advanced, so do cyber crimes; so how do you protect your factoring company from becoming the next victim? In today’s world, doing business with customers Nationwide has become much easier, thanks to the Internet. With the advancement of technology, comes new threats. As more business is done online, the less face to face encounters you will have with prospective customers. If you are a factoring company, operating in one office on the East Coast, it’s not very likely … [Read More...]

Factoring Customer Questions

4 Important Questions Your Customers May Have About Factoring

Business owners often have many questions when it comes to factoring, since it is a form of financing that is unfamiliar to many. They want to understand the practice and how it will affect their business now and in the future. Being prepared to answer their important questions will help you make them comfortable with factoring and more likely to want to do business with you. Will factoring work for my industry or specific business? Factoring is a viable financing option in many industries, … [Read More...]

Factoring Convention Trade Show

Trade Show Tips and Tricks for Invoice Factoring Companies

Trade Shows: the business necessary-evil that you either love or hate. Whichever camp you’re in, trade shows can be an indispensable asset to growing your factoring business (and also where pens and office gadgets go to die). They offer the ability to reach a wide range of potential customers and truly connect with people who can benefit from your services. However, not all trade show exhibitors are created equal. Here are some ideas for having a successful trade show and how to convert the … [Read More...]

app tools factoring business

Marketing Apps and Tools to Help Your Invoice Factoring Business Soar

Let’s face it – sometimes your marketing strategy can take the back seat when it comes to building and growing a small business. This can be especially true for invoice factoring companies, in which often times, employees wear more than one hat. Whether your marketing team is one person or ten, these tools are sure to help you expand your marketing operations and increase brand awareness. Hootsuite It’s impossible nowadays to market your business without social media. However, the amount of … [Read More...]

factoring business fraud

What Now? Moving Forward in the Factoring Business After Being Defrauded

Behind every successful entrepreneur there are A LOT of failures, especially in the world of factoring. Being defrauded is a part of the factoring industry and it’s only a matter of time until it happens to you on some level. However, there’s a difference between coming out on top and going under. Here are some ideas on how to deal with being deceived and what to do when you find yourself asking, “What now?” (This article is a follow up to Protecting Yourself From Liars in the Factoring … [Read More...]

Factoring Fraud

Protecting Yourself from Liars in the Factoring Industry

It’s no surprise to anyone in the factoring world that fraud is always a risk. If you ask any factoring company owner, it’s not even a matter of “if,” but, “when.” As much as we want to believe that all of our clients are honest and full of integrity, the truth is: some just aren’t. While most factoring companies go through very thorough measures in order to protect themselves, no business is completely immune. When there are hundreds and thousands of dollars at stake, what’s the solution? … [Read More...]

cut factoring costs

Simple Cost-Cutting Strategies for Factoring Business Owners

It’s no surprise that factoring businesses, new or old, rely on steady and abundant cash flow in order to be profitable. Being smart about how and where to efficiently manage funds can make or break the difference between flourishing and floundering in the world of factoring. Check out these ideas on how to cut costs so that you’re not overspending in areas that could be hurting your factoring company. Replace Print with Social Media It may not seem like a big deal, but the use of social media … [Read More...]

Facturing Underwriting Rules

Bending But Not Breaking In Factoring?

The factoring industry is unique. If we had to write a mission statement for what we do it would read something like – “To provide cash flow to businesses to sustain and expand their operations”. The cash flow that factoring companies provide is through the purchase of clients receivables at a discount which allows the client to utilize the capital for expansion, take advantage of vendor discounts or any other reason they may have to keep their business an on-going concern. Over the … [Read More...]

lucky jackpot factoring

Finding Some Luck In The Factoring Business

How many times have you read about a new startup and kicked yourself because you had the same idea? I remember when I was in college there really weren’t any big name coffee shops on every corner but there sure were a lot of students hanging out at the cafeteria sipping on coffee while studying. Fast forward a few years later and the idea of Starbucks seems like such a no brainer. When we started our factoring company a few years ago the concept of financing accounts receivable was anything … [Read More...]

factoring business productivity

Four Terrific Productivity Tricks for Factoring Broker

We all know how amazing it feels to be productive. How come sometimes it feels like we’re the most productive on Saturday mornings when we don’t necessarily have to be? Being productive at the office can be a challenge, but it’s not impossible. Setting yourself up for success is crucial to getting the most out of your time. The following tips include small changes that factoring business owners can make in their day-to-day activities to maximize their productivity. Turn on an alarm … [Read More...]

Factoring Business Marketing Predictions

4 Online Marketing Predictions for Factoring Business Owners in 2015

A strong online presence is vital to marketing your factoring business in 2015. With ever-increasing competition for shrinking Google real estate, slapping up a website and establishing accounts on Facebook, Twitter and LinkedIn simply won’t cut it anymore. The cash flow industry is competitive and online marketing can prove challenging to any factoring business. Change is the only constant in digital marketing, but here are four predictions that should hold true for online marketing in … [Read More...]