Entrepreneurs

Mar 4 2012

Factoring Basics

Invoice FactoringMost sales to commercial clients usually carry 30 to 60 day payment terms. This means that as a supplier, you must deliver your products or services now. However, your client has between 30 to 60 days to pay you.  This creates a significant challenge for owners of small and midsize businesses. The problem is simple. Your clients want to pay you in 30 to 60 days, but you must pay rent, payroll and your suppliers now. As you can see, the math does not work. Unless you have a substantial bank account, this leads to an almost impossible situation.  If you are in this situation, it is also very likely that the bank will not be able to help you. As you well know, banks only lend to businesses that have three years of profitable operations and significant hard collateral. If you do not qualify for bank financing, your best bet may be to consider factoring.  Factoring is a business financing tool that helps business owners who cannot afford to wait 30 to 60 days to get paid by their commercial customers. Factoring provides you with the necessary funds to meet payroll, make rent and pay your suppliers on time.   As opposed to bank financing, factoring is easy to qualify for. The main requirements are that you have a profitable business with a strong roster of commercial clients. For the factoring company, your best collateral is the invoices from your strong customers.  Factoring is also easy to use. It enables you receive a substantial portion of your billings within a day of invoicing. It reduces the time you wait to get paid from 60 days to 2 days. The transaction is usually structured as a two installment sale of an invoice. The first installment, called the advance, is paid to you immediately. The advance can be anywhere between 70% and 90% of the gross value of the invoice. The remaining portion (10% – 30%) is held as a reserve to cover disputes and charge backs. The reserve is rebated as soon as the invoice is paid in full.  The factoring company will charge a small fee for this service.  Factoring financing is an ideal tool for companies that are growing and that cannot afford to wait to get paid by the clients. It helps you to stabilize your financial situation and positions you for growth.

By editor • Entrepreneurs • 0 • Tags: , ,

Mar 2 2012

Great Franchise Opportunities

FranchiseIf you are thinking of starting a small business, but still not exactly sure what you want to do or are scared to death of not being able to generate good business, then you should try to look into these franchise opportunities and choose the right one that suits your taste and budget. An important factor to consider is your ability to actually run the franchise opportunity to choose efficiently and successfully.

One of the most popular franchise opportunity today is the “EmbroidMe” franchise opportunity in which you can create custom apparel and merchandise that has embroidery on it. EmbroidMe actually has the tagline, “Casually Dressing the World” in their showrooms retail which aims to make your business known by all forms of media, marketing programs in business, and and through Internet. EmbroidMe is equipping its clients with creative personalized clothing, not only for work, but to play well. They also offer all kinds of promotional items, articles and specialty advertising.

The capture point (s) of the EmbroidMe franchise opportunity is its sudden commercial boom. Industry is a revolutionary concept very new and fresh. Great system and organized this franchise opportunity allows the wonderful opportunity of being your own boss. You do not have to answer to anyone but yourself! According to Ray Titus, president of the company EmbroidMe. They are looking for willing entrepreneurs who are dreaming of running and managing your own business, but despite only having a small business, are well stocked with many benefits that a stable global company can offer – not to mention, the purchasing power of the masses, as well as a great advertising, apart from the other possible extra help that your EmbroidMe franchise opportunity might need in the future.

EmbroidMe offers full service embroidery and screen printing and other promotional products to their customers. The EmbroidMe “empire” actually now has over 250 stores worldwide and has been rated as # 1 in the industry for four consecutive years, besides being one of the 50 franchise opportunities for growth according to the magazine Entrepreneur.

When it comes to the EmbroidMe staff training and support, turnkey franchise the EmbroidMe company really help in the demographics of the area you want to put your EmbroidMe franchise. A study on site selection and assistance in lease negotiations will take place. EmbroidMe company will also coordinate with you for the renovations to be carried in your store. This franchise opportunity will also provide an excellent 4-week training program for you and your staff. Not only that, this franchise opportunity will also help in interviewing, hiring and training of future employees EmbroidMe since this is an opportunity for service-oriented franchise that is very important that each employee must be able to meet and adhere EmbroidMe strict rules and regulations.

Special features of this franchise opportunity include: turnkey absolutely no experience needed, not a seasonal type of franchise opportunity, business opportunity is a franchise business, you need only two employees and is a part of a $ 20 billion, more industry.

Another hot franchise opportunity is the “sign * A * RAMA” franchise opportunity that is considered the largest sign franchise full service worldwide and has over 700 “SIGN * A * RAMA” stores in 30 countries, while being ranked # 1 in the industry for 6 consecutive years by Entrepreneur Magazine. Also headed by EmbroidMe President Ray Titus, “SIGN * A * RAMA *” is like EmbroidMe. “SIGN * A * RAMA *” is also looking for willing and able entrepreneurs who want to have the pleasure of being your own boss, while having the incredible opportunity to be part of a known company.

When you enroll in this franchise opportunity expect to receive the following premium features: When it comes to computers, which are full service centers to sign in which to take full advantage of the computerized sign manufacturing technologies. The “SIGN * A * RAMA” Sign Center actually allows the customer to have a look at the landmark project they wish to take before it reaches the “go-signal” for print. This franchise opportunity franchisees also help in selecting the desired location of the franchise, lease, and in the business aspect of the company.

By editor • Entrepreneurs • 0 • Tags: , ,

« 2 3 4 5 6 7 8 9 »