To Factor or Not to Factor?Written by Marty Milan
The purchasing of accounts receivable (invoices) is generally known as factoring. Businesses can sell their invoices to companies known as factors. Although not all business are familiar with factoring, historians claim that factoring dates back to ancient Roman civilization making it one of world’s oldest methods of finance.In past, merchants used factoring to settle their trade debts among each other. Fast forward to today’s businesses profiles and it is apparent that factoring is still a very viable business tool for businesses all types and sizes. Can factoring work for your business? Consider following benefits: -Factoring provides a company with a continuous working capital, thus increasing their cash flow. -Factoring has no limits, offers quick results and it’s accessible as well as flexible. -Factoring stimulates growth and can finance expansion without debt. -Factoring can increase production and sales. -Factoring is not a lending service, rather it is thought of as a discounted purchase. Factors
| | Why the Rich Keep Getting RicherWritten by Aaron Kater
Why Rich Keep Getting RicherRich people: fortunate, lucky, selfish, and arrogant? Or highly educated, caring, brilliant individuals? Becoming rich isn’t hard, but it does require a bit of time and knowledge. Having time to get rich, educating oneself, and buying assets are three key factors in attaining untold wealth. Rich people usually either have or make time to get rich. Most people that now own huge mansions, have wonderful riches, and drive nicest cars usually begin taking road to riches in their spare time. One plan, most common, is to work at a low-risk, steady job until one has enough money to invest in something that will feed one for rest of their life. But before one can invest in anything, one first has to educate oneself. Although best way to educate oneself in a particular investment is to have a mentor, and thereby gaining valuable hands-on experience, another excellent way to do this is to listen to tapes and CDs and to read books on subject. I have done both, mainly pertaining to real estate, but also I have read a wonderful book about making money on Internet, called Multiple Streams of Internet Income, by Robert Allen.
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