Ready to Expand Your Trucking Fleet?

Summary: Many owner-operators enter the trucking business hoping to expand their carrier into a large trucking fleet. But few owner-operators grow their companies using a methodical approach. Instead, they jump at the chance of growth without understanding how to grow the business. This approach seldom works and often ends up in financial failure. We recently […]

How to Launch a Trucking Company the Smart Way

Becoming an owner-operator can be very profitable if done correctly. It can also get you into serious financial problems if you are new to the industry and follow the wrong steps. This article was written to help aspiring truckers increase their chances of success in the industry. We cover the the following: The wrong way […]

Smart Strategies for Business Cash Reserves

A cash reserve is a set of funds that a company puts aside to handle financial challenges. It is one of the most important financial resources that a company can develop. A reserve provides financial stability and allows you to operate the business more effectively. Unfortunately, many business owners ignore the importance of having a […]

Trucking Insurance Basics for Owner Operators and Small Fleets

Starting a company as an Independent owner-operator can be difficult. The industry has a number of complex requirements that owners need to comply with at all times. One of the more confusing and expensive issues they deal with is insurance. This article provides a simple explanation of the industry and its products. It prepares you […]

Factoring Cost vs. Rates (They are Different)

Summary: To a large extent, business owners think that factoring rates, factoring fees, and the factoring cost of a dollar are all the same. Although they are related, there are important differences. Actually, low factoring rates may translate to lower fees, but may not necessarily translate to lower costs per advanced dollar. This article helps […]

Factoring and Term Loans: A PO Financing Alternative

One of the greatest challenges for a small business is being able to fulfill large purchase orders. Small companies often lack the funds to pay suppliers and other expenses associated with large orders. Most companies try to use financing – when it is available – to solve this problem. One common option is purchase order […]

Why Do Companies Use Factoring?

Factoring is a product that helps companies that have slow-paying clients. These companies usually can’t wait 30 to 60 days to get paid by clients. Factoring solves this problem by financing their invoices. It provides businesses with cash that they can use to run the business. Companies often use the funds from factoring to: Pay […]

Business Loan vs. Invoice Factoring – Which is Better?

In this article, we compare invoice factoring and conventional business loans. We discuss: What is a term loan? What is invoice factoring? What do you want to accomplish? Product comparison (7 criteria) Things to keep in mind Which product is right for you? 1. What is a term loan? A term loan (i.e., small business […]

Business Cash Advance vs. Invoice Factoring – Which is Better?

As a business owner, you want to use the right financing tool to solve your problems. This article helps you do that. We compare two common business financing tools: business cash advances and invoice factoring. This article helps you determine if either solution is right for you. In this article, you learn: What a cash […]

How to Get Clients for Your Office Cleaning Business (8 Ways)

Summary: Growing a small janitorial business in a competitive environment is challenging. Finding and retaining commercial  and office clients who can provide long-term cleaning contracts is essential to your company’s success. This article discusses eight time-tested ways to find clients. It is intended for new and growing commercial cleaning companies. We cover the following: Who […]