Archive for the ‘Business’ Category

True Factoring Options As Per Your Requirement

Do you need factoring? Companies can sometimes encounter cash flow difficulties. In this case, they can think of factoring.

Factoring is a means by which a company transfers with a financial counterparty a claim to a third party called a factor (factoring). The latter will recover the claim and may assume responsibility for its recovery from the debtor. This is an option. It is usually credit institutions that assume this function, but brokers are more and more present as we will see.

Let’s look at an example to better understand the factoring situation: the green curve with factoring, red without factoring. The factoring of receivables is there perfectly.


Managing your cash flow means planning

Here is the example of a TPE of $ 3.5 million excluding turnover which remains fragile despite a positive operating result (9% or $ 311,000) after $ 1.8 million excluding purchases. $ 1.4 million in operating expenses including $ 1.0 million in personnel costs.

Yet, despite this obvious profitability, the business manager is looking at his cash flow. It is a cash flow projection (receipts and disbursements per month) and realizes that despite a positive cash flow of $ 86K at the beginning of the year, his account will debtor as of the end of the 1 st month after its forecast the situation may not improve during the year.

To die profitable

The cash flow situation is stressful for everyone. Instead of focusing on its development, the business leader will spend time negotiating with the banker to cope with cash requirements.

The conclusion of the work of cash forecast of the entrepreneur is simple, the company may not be able to honor its commitments, to finance its working capital requirement (BFR) and even less to invest for the first time. ‘To come up. In other words, the company risks filing for bankruptcy … and dying profitably.

Factoring to finance the short term

To finance its operating needs, the manager thinks about a factoring solution. Factoring is within everyone’s reach. Each bank offers it, but there are also ultra-brokers specialized in factoring. The latter can study the different solutions with the leader. He will present to him in particular the strengths and weaknesses of the offers of the market, the head of enterprise chooses with confidence the solution he deems best for him.




What are the challenges of factoring?


The company that sells its receivables enjoys various advantages but there are disadvantages.


First important advantage. First, the price of the assignment of receivables provides advance financing to the assignor who can then settle his suppliers.


Then the outsourcing of administrative management, customer follow-up (recording of invoices, recovery of debtors in case of late payment, litigation service in case of non-payment) are carried out by the factor. In practice, the accounting department must also perform a small intellectual gymnastics, especially in terms of VAT.


The user company has better control over the return of its turnover.

Finding the Right Factoring for You

The success of any business is based on cash flow. When your business starts to grow, we will face the need to accelerate the flow of cash and this could mean obtaining some type of financing. Banks are in most cases the saviors of most companies, but most of them do not. It can always adapt to the financial needs of your company. Accounts receivable factoring is the best alternative for financing your business. With the help of Factoring companies, you will be able to obtain the capital you need for the business.

Factoring is an invoice that focuses more on the growth of the business rather than that of financing cash flow. The solvency of the clients you have is what the factoring professionals focus on. By establishing the solid payment history with your customers, factoring companies face paying invoice amounts. At a small

Factoring fee, you will receive the balance when the customer has fully established the invoice. There are so many advantages of factoring but to enjoy them you must start by choosing the best

1 – think of service

The factoring company must offer a professional friendly service. Not only should you receive guidance in creating a process, but you should also answer all your questions, for what you are capable of.

2 – Check the conditions of service

What you get from the factoring company must really adapt to meet your specific needs. Make sure that you are aware of the length of the contract, fees, notice and concentration among other important elements of factoring. The least you can do is make sure you are comfortable with each of the conditions of service.

3 – understand the factoring services and products that the company has for you

These can vary from one factor to another. Depending on the company, what we will work with, we can obtain financing options, credit control, dedicated customer manager, customer credit verification and online account management. Find out what products and services your company has to offer and how important they are to your business and the process to make a good decision. It is better to make comparisons between the best factoring companies before making a final decision to choose the one that best suits us.

4 – think about concentration

It is very important to remember that there are companies that limit the level of financing they provide against their customers. Before signing the agreement, therefore, we must check and confirm that your clients will be able to have appropriate access to finance levels as needed.

5 – Check out the factory rates

Most companies charge a monthly fee depending on the financing option that the company took. In most cases the percentage will be determined by the invoices that have been presented for financing during that month. Some may have a monthly minimum and this is an option that may not work for some companies if our company runs a business that goes with seasonal patterns.

Are You A Businessperson? Here Are Reasons Why You Should Exercise

Kevin Sheehan is a successful businessman with a lot of responsibilities and many sources of stress. There are a lot of activities one can do to make sure this does not affect his performance at his job. It is important to unplug after work with a hobby. Many people have chosen exercise as their way to feel better and recharge either before, after or during work.


Why exercise is important for everyone?

For those of you who don’t know, exercise is considered as any movement that makes your muscles work and allows you to burn calories. There are so many ways to get in your physical workouts since there are so many options such as swimming, running, jogging, walking and dancing just to name a few popular ones. We all know there are so many benefits to being active both physically and mentally and it can even help you live longer.


Benefits to exercise according to Kevin Sheehan


  1. It can make you happier

It is no secret that exercise has shown to improve your mood and decrease feelings of depression, anxiousness and stress. This is because it changes the way our brain regulates stress and anxiety. When you do this, it can increase brain sensitivity for the hormones known as serotonin that is known to reduce feelings of depression. If those reasons still did not convince you, exercise increase the production of endorphins known to help people feel happier in general and decrease the way we see and experience pain. It is important to note that no matter the intensity of the workout, your mood will be boosted from exercise no matter how intense the physical activity.


  1. Help with weight loss

There have been many studies that show inactivity is a factor that leads to weight gain and obesity. To understand the relationship between exercise and energy used, it is good to know how your body uses the energy it gets from the food you eat. It uses it up in three ways which are digesting food, exercising and maintaining body functions. It is best to increase exercising than going on a diet since it can slow down your metabolism.


  1. Good for your bones and muscles

Since Kevin Sheehan is not as young as he used to be back in the day, he also has to think about the various ways to keep up his overall health and keep his body healthy.

Flower shop Business or Art

The flower business is considered one of the most unprofitable – not only here, but also abroad. Add to this the fact that the competition for flower shops, which number about 50, is made up of numerous stalls, pavilions, open outlets and pensioners selling flowers by the metro in summer and autumn. So it turns out that it is more reasonable for an entrepreneur to close his institution tomorrow and urgently invest money in a more promising business. However, the owners of good at florist Singapore flower shops do not take positions. They went the other way – improving their business and mastering the secrets of successful retail trade with this capricious and short-lived commodity.

Flower trade in Singapore

If you want to discover Singapore businesses and look at the experience, you can see that there is a kind of hierarchy of flower shops. The most democratic type of outlet is the metro pavilion. It usually presents 25-30 bouquets and cut flowers, which are sold on a piece. Most of the flower shops are located in the distance from the rich business centres; they have a small area and an inexpensive interior. Potted plants, not indifferent to sun baths, are exposed in the warm season right on the street, at the entrance to the store. To do this, use mobile racks on the wheels. In the store are cut, compositions and several bouquets. There is also a florist’s table, which decorates bouquets in the presence of the buyer.

From cutting to selling a design

In Singapore, it turns out; trade in flowers has received a real stimulus to development only in perestroika times. Until then, the monopoly belonged to the network, which included 48 shops of the city. The bouquets and compositions in retail were not presented at all: the plan could be made on piece goods.

In the 90 years, when there were private shops and salons, it became clear: you do not need to be a skilled entrepreneur to sell the cut. Moreover, this is not much to earn. Another thing is to sell design: that is, bouquets and compositions. The florist became the main person in the flower business. By the way, according to the businessmen working in this sphere, it is very difficult to find a specialist who knows how to work with floral materials. That is why so often good florists are lured from the store to the store.

As for the selection of sellers, opinions are divided here. Some believe that a professional florist or botanist should be invited to this position, which knows the goods as their five fingers and can intelligently explain all the nuances of caring for a particular plant. There is another approach.

Flowers and gifts

Virtually all shops in the city are not limited to retail sales. The spectrum of services includes drawing up of bouquets and compositions to order, delivery of goods around the city, assistance in the design of home and office interiors. The “Flora” salon, having its own greenhouse, even takes plants for medical treatment or for maintenance during the holiday of their owner for a small fee. An unusual service offered a salon “Crown”: its experts are ready to answer any question related to the peculiarities of caring for plants purchased in the store, in on-line mode. However, while, as it turned out, the flower growers prefer to find out such things on the phone or at a personal visit.