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Friday
Oct262012

6 Ways To Increase Employee Productivity

Your employees. Hire the wrong ones and you are asking for trouble. But even if your hiring process is sound enough to ensure you're surrounded by stars, those employees can often produce more with a little help from above.

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Friday
Sep282012

What Else Can You Do To Grow Your Business?

You've stripped down, re-sized, re-focused... you may have even been within inches of closing up shop. Sure, it's possible your business is bullet proof, but odds are it has taken a hit over the last few years and you’re struggling to regain your position. So... what else can you do to grow your business?

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Friday
Aug312012

How Can Small Business Leverage Social Media?

Setting up a Twitter account and a Facebook business page is a nice start but it’s not going to accomplish much for your bottom line unless you take the next steps.

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Friday
Jul272012

How To Hire--And KEEP--The Best Employees

Here are a few ideas on how to attract the best prospects, and retain them once they're with you.

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Friday
Jun292012

Invoice Factoring Case Study

What factoring did was to allow Florida Staffing to keep their employees happy and their customers free from burdening collection calls... all while growing the staffing company on a continuous basis.

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Wednesday
Jan052011

What Makes A Factoring Company Great? How It Treats Your Customers

... the last thing you want is for strong-armed collection agent to come between you and your customer.

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Tuesday
Nov302010

Want More Referrals? Offer 'Em Something They Can't Refuse

A client who refers new business to you can be worth 10 times the amount you might be spending on advertising.

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Wednesday
Nov172010

7 Highly Effective and FREE Small Business Marketing Practices

Some tips on attracting the kind of free publicity that will result in new business.

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Friday
Nov052010

QuickBooks Payroll Tips - Getting Ready for W-2 Processing

A QuickBooks Payroll Subscription makes processing W-2's pretty much a piece of cake at year end; however, there are still some things that you need to do to properly prepare for W-2 processing. It's not too early to start thinking about year end payroll activities, below are some year-end payroll tips to help you out.....

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Wednesday
Oct272010

Businesses Are Finding That They Require Six Sigma To Stay On Top

Six Sigma certification is quickly becoming something that your business can not survive without. Making your business the best it can be and improving your overall bottom line is important no matter what industry you are in. Six Sigma can be the answer you are looking for. After all, if it is good enough for big companies like Pfizer, Microsoft, and GE well then there has got to be something to this method of business management, right? The Six Sigma approach is a simple one set goals and then gradually use those goals to improve the quality of the products you produce. While many companies choose to take their Six Sigma training in person it can be more beneficial for companies with a limited staff to take their Six Sigma training course online. This approach allows each employee to travel through the program at their own pace which in many instances allows for a better understanding of the concepts contained in this training program. When an employee has a good comprehension of the information that they have just received they can move on through the program but if they get stuck on a concept then they can stay with it until they get it before they move on. Hence the primary benefit of a self paced system......

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Thursday
Aug052010

5 Successful Marketing Tips For Small Businesses in Any Economy

Marketing your business and building your brand is extremely important in any economic environment for a small business to ultimately succeed. The recent poor economic conditions around the world have dramatically impacted everyone's business, while at the same time creating great opportunities for those who have continued to market their business. Studies have shown again and again that continuing to market your business in all types of economic environments is crucial for long term success. History has shown the importance of marketing in both down and up economies. Take Sears a well known retailer that has prospered in the past by aggressively marketing in poor economies. Montgomery Ward was once the leading retailer that dramatically pulled their marketing back during WWII. Sears on the other hand increased their marketing and overtook Ward as the leading retailer. Almost 40 years later Sears ended up acquiring the bankrupt Ward.....

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Thursday
Jun242010

The Best Factoring Companies Often Do Things A Bit Differently

When a business needs cash, several options are usually available. Companies that elect to factor their outstanding invoices for that cash must first determine which are the best factoring companies to choose from. Simple proposition? Not really.

Out of the sea of factoring companies out there, at first glance, it might be difficult to determine which is the best. When creating the proverbial checklist, we can start by asking the question every business does: "How soon will we get our cash?" The best factoring companies provide approval within 24 hours and funding the same day. Here's a list of what a business should expect from its factoring company:

1- Low discount rates.
2- High advance rates.
3- Approval within 24 hours after a simple, one-step approval process.
4- Same day funding.
5- Your money NOT held in escrow. Weaker factoring companies hold a portion of the client's money in an escrow account.
6- NO fees except for a simple discount fee. No funding fees, processing fees, underwriting fees or any other hidden fees.
7- Hybrid factoring that allows client complete control.
8- Approval that is NOT based on your personal or business credit scores.
9- 24/7 customer service from experts. Clients are never forwarded to a call center.
10- Instantaneous 24/7 account reporting in real time.

If your factoring company doesn't provide all of this, and more, you would be wise to search out another company.

FACTOR KING® is proud to be one of only a handful of factoring companies that offer all of the above. And more.

Our relationship with all our clients is very strong, and we are considered to be one of the premier factoring companies in the industry. We continue to provide our clients with much needed cash, helping them when they need help most.

Learn more about factoring your invoices for immediate cash.
Apply now!

About Us

FACTOR KING® is a direct financial service provider that specializes in the Factoring of invoice receivables for companies that maintain commercial accounts receivables. Simply put the only criteria is that your receivables be from other businesses. >> READ MORE





Tuesday
Jun012010

The Top 5 Reasons to Factor

Just the other day the question came up again- Why factor invoice receivables? Well the answer is easy. In fact there are 5 easy answers that I can think of off the top of my head. So here goes:

Reason number 1 is that factoring is the fastest and easiest process compared to all other forms of obtaining capital. In fact cash is normally received within 24 Hours or less. That is if your factor is on the ball.

Reason number 2 is that factoring enables you to add capital to your business in a non-loan format. In other words "Debt-Free"

Reason number 3 is that factoring reduces the stress caused by not having enough cash to meet business and other obligations. This one is reason enough to factor your invoice receivables.

Reason number 4 is that factoring is based on the financial strength of your customers, and not your personal FICO score and/or business credit score.

Reason number 5 is that factoring enables you to concentrate on important parts of your business instead of collecting money from your customers.

Of course the list goes on and on. Such as: Factoring provides consistent weekly cash flow to allow for better panning and growth. Factoring reduces administrative costs associated with collection activities. Factoring enables you to take advantage of vendor discounts. etc.. 

So there you have it. If you are not factoring your invoices you could be selling yourself short!

Monday
May242010

A New Way to Think about Sales

Maybe it's time to take a different approach. Maybe we need to seriously analyze our sales thinking so we can identify why we're not making more sales. Take a look at the table below and thinkabout your current selling mindset. How would your selling behaviors change if you changed your sales thinking?

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Monday
Apr192010

Keeping Your Data Secure

Businesses around the world are being bombarded with sophisticated threats against their data and communications networks every day. As enterprises invest heavily in fortifying their IT infrastructures and enforcing comprehensive and constantly upgraded security policies against malicious code attacks, another home-grown threat - the mobile workforce - is opening the floodgates to compromised enterprise data and corporate network contamination. Though mobile working offers gains in commercial and operational value, enterprise security policies often stifle the effectiveness and productivity of mobile workforce devices

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Monday
Mar292010

Obama Finally Ready To Help Small Business... Maybe

If you’re a business owner searching for funds to boost operations, maybe your time has come. Maybe the government represents the cavalry. Maybe the wait is over.

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Tuesday
Jan262010

Politics, Taxes, and Your Business in 2010

Political partisanship seems to have grown into a national pastime over the last decade. But no matter which side of the fence you roam, if you’re a business owner, you’re likely wary of the trends shaping up in government. Taxes, they are a coming.

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Wednesday
Jan062010

The Right Insurance Coverage... A Make Or Break Business Decision

Business owners have many stories of policies that either didn’t cover enough damage or covered the wrong risk. And the fault here usually lies with owners themselves who didn’t put enough thought into their insurance purchase.

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Wednesday
Dec162009

Even Obama Can’t Increase Lending To Small Business. Or Can He? 

The bank reps told Obama that while they do wish to lend money, they're having trouble finding creditworthy small business borrowers.

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Wednesday
Dec092009

How A Privately Held Company Compares Profits With Other Private Companies

You're not a large, publicly held company, and for the most part, neither is your competition. So, even though you may have dreamed about sneaking a peek at your rivals books, unless you're prepared to get all "Watergate" on them, you're out of luck.

But not so fast. There actually is a way for you to benchmark your numbers against the industry, even if the industry is comprised of private companies. Inc.com has partnered with Sageworks to compile updated financial data on privately held companies in a host of industries. A relatively simple calculator on Inc's website is all you need.

Just choose your industry and input your annual revenue. The calculator (www.inc.com/profitability-report) returns your numbers, or what your numbers should be—expressed as percentages of total sales. The results are broken out into six parts: Cost of Goods Sold, GPM, Overhead, Payroll, EBITDA, Net Income.

It may not be as specific as the detailed reports your dreamed about, but, as it's a free service, it's certainly worth the price.