By now, you likely have realized how important it is to have a high credit score, especially when running a business. A high credit score will unlock more financing opportunities, better funding options, and will give your business a better reputation with venders. [Read more…] about How To Fund Your Business Even With Bad Credit
Finance
These Financial Mistakes Could Cost You in the Future
We all make mistakes in life. But some mistakes may end up costing us dearly in the future, quite literally. Here is a list of common financial mistakes young people make that you might want to avoid in your life:
Not Planning for Retirement
Retirement may be far from your mind as you enter a career in your twenties and early thirties. If you currently don’t have a plan for retirement, you may be making a huge financial mistake. According to research, a vast majority of people in their twenties are eligible to make 401(k) contributions but don’t actually do so. The result is a lack of solid retirement planning that could cost them dearly later on. Obviously, young people may have a more pressing need for money, such as to buy a house or car, to actually saving up for retirement. Think of your retirement plan as being just as important as buying a starter home. The problem is, the longer you wait to start saving for retirement, the less time the compounding factor has to kick in and make your contributions lucrative. Also, the longer you wait, the more money you will have to save when you are older, to have enough funds to retire comfortably when the time comes. [Read more…] about These Financial Mistakes Could Cost You in the Future
Choose A Reliable Payment Processing Provider Today
As a business owner, it is more than likely your establishment will be accepting debit and/or credits as methods of payment (if this isn’t the case, it might be time to seriously reconsider this decision). As such, there is no better way to guarantee a successful business day than to have your payment processing systems up and running, ready to accumulate capital for your business while enabling your customers to enjoy your products and services. Without the certitude of being able to accept payments in a timely manner, any given establishment could easily lose a number of customers. [Read more…] about Choose A Reliable Payment Processing Provider Today
Understanding Invoice Factoring
Over the last several years, invoice factoring has gained significant popularity as a means of growing trucking and transportation companies. Customers often take an inordinate amount of time to pay outstanding invoices, and some can take as much is three months to pay you for work that cost you upfront in fuel and payroll costs. Invoice factoring — also known as freight factoring — has become a go-to financial resource for trucking companies of all sizes, because it allows them to turn outstanding invoices into immediate cash. However, not every factor is the same, and it pays to do some research before entering into a partnership with a freight factoring company. [Read more…] about Understanding Invoice Factoring