Summary: Most small technology consulting firms have trouble getting financing when needed. Qualifying for a loan or line of credit is difficult. Few small companies can meet the qualification requirements for these solutions. This article discusses how to finance your cash flow using invoice factoring. Factoring is an alternative form of financing that has gained […]

Summary: Management consulting companies are often started by entrepreneurs with long performance track records. They can be a lucrative opportunity, though they are expensive to operate. Most small and growing management consulting companies don’t qualify for business financing. Instead, they are financed using their retained earnings. This situation limits the company’s ability to grow and […]

Summary: Consulting companies are usually high-margin businesses but are expensive to operate. Professional services companies must retain highly skilled employees who command high salaries. Consequently, payroll is usually their biggest and most important expense. Consulting companies must have enough working capital to cover payroll as the business grows. This is a challenge for new and […]