Factoring is a specific financial product that allows the company to quickly reduce the level of receivables and make up for the lack of working capital.
This approach to financial management is an effective alternative to obtaining a loan and is especially relevant in situations where borrowing is difficult for any reason.
The advantages of factoring are its efficiency (in practice, such agreements are drawn up much faster than loan agreements) and there is no need to provide collateral.
Using factoring is also possible if the company does not have a very good credit history. Factoring schemes for representatives of small and medium-sized businesses are especially relevant.
Factoring for small businesses is applicable in situations where the supplier and buyer settle on a deferred payment basis. Continue reading
To start your own business, you need an idea. Just do not have to look for the right ideas in your own head, a huge number of which have already been invented, described and work great. You can simply view the finished options on the site and choose the one that will be “to your liking.”
Some small business options may seem completely insane, while others – on the contrary, will make you really think. Whatever your idea, you need to know that you can become a self-sufficient businessman by starting a business with minimal investment. For a profitable business does not always require large amounts to start. And remember that the best idea may come to your mind quite unexpectedly. The main thing is to carefully study the selected market segment and discard unprofitable projects in advance. Continue reading
Who would not want to become the owner of a large company? Perhaps no one would have given up such an opportunity, but the problem, as always, is one thing – finances. To want to open a business and become an entrepreneur is one thing, but being able to do it is another. Good investment requires good investment, otherwise there will be no business. Where to get start-up capital for a business will be discussed further.
First you need to decide how much money you need to implement the idea. Of course, in order to decide, there must be a specific business project. Becoming a businessman is a great dream, but it is not enough, you need specifics. Thus, before you think about where to get start-up capital for a business, you need to come up with a project for this business itself.
It is traditional to divide all companies into small, medium and large, but these groups are quite extensible, and, say, a small enterprise can cost both 30,000 rubles and 50,000 dollars. Before you begin to implement the idea, approximately evaluate how much all the equipment necessary for work, office rental, salary for employees, etc. will cost. Continue reading