Small Business Factoring - Build Your Future Today !

The one thing every small business needs to protect itself, and further its growth as a company is, small business factoring. If you want to ensure that your company will get off the ground in a hurry, then you have to include this product in your day to day operations.

You might be wondering what is factoring? How is it going to help me? Factoring is an instant access to the accounts receivable. It is a source of credit line from working capital that allows your personal assets to not be compromised.

The benefits of small business factoring is simple. You are not sitting around waiting to get paid. This also means that you can take on new business because you will have the cash available to do so.

Type of business's that will benefit from small business factoring are industries like, transportation companies. Business like this that are supporting drivers, taking care of vehicles, and waiting on invoice payments to be brought back.

Other business's would include the logging industry, medical fields, construction, and marketing. Any type of an industry where you are paid upon the finished product. That is where factoring would be the most beneficial for you.

Most small business factoring companies allow for special reports so that you can view the progress being made. They can show you the outstanding accounts. Those that have and have not been paid. Also, the money that is available to you for use. As your business grows so will the funding for your small business.

Some small business's might be put off by the idea of having to spend more money on a factoring program. There are factoring companies out there right for you.

Many offer no start up fee, low rates, and an easy application fee. The very basics you need to get yourself moving in the right direction. This can be crucial when every dollar counts in a new business. As your business will grow, then you might take on additional features that factoring can offer, like cash for expansion, or payroll.

Let small business factoring put you in the competitive market. Don't miss out on a customer, because you don't have the money to support them. This could be just what your company needs to take off.

Get on-line and start searching for your small business factoring needs. You will be on your way to a successful thriving business.

Article Source is : http://ezinearticles.com

What's The Next Move To Your Small Business ?

Ok, your business has finally reached a point where the basement is no longer an adequate office and family room an acceptable conference facility. What's your next move?

Many small business start-ups begin just like this. At some point it's time to move out of the house and grow up just like the others.

Finding office space can be a tedious and frustrating task especially if you don't have a well thought out plan of options. Location is a factor that should be high on your list. If you have customers coming to your place of business, a convenient, professional location, with ample parking is crucial. The location should also be convenient for you as well. You certainly don't want to locate so far away where it becomes a hassle getting to your own place of business.

The next thing is to determine how much square footage you need. If your business has grown considerably within the last year or you plan to add staff, you may want to double your square footage to allow for additional growth. Decide how to divide the space. Do you need several offices, conference room, storage, manufacturing, and computer equipment areas? Other issues to consider in renting space are who pays the utilities, real estate taxes (some landlords tack taxes onto rental fees), and maintenance. Some landlords will offer build-to-suit options, constructing your design space within their building. The cost of construction is typically included in the monthly rent over the lease period. And, before you sign on the dotted line, ask whether you'll be able to get high speed Internet access in your preferred location. Don't ask the landlord. Call the providers and find out. Lower cost cable and DSL aren't available in parts of the country yet, for instance.

If you are don't expect aren't sure renting space will work out, or if you need other support services, you may want to consider relocating to an executive suite. Executive suites are typically housed in an office complex, and comprised of many small businesses using the same resources. Executive suites are private offices, but share conference facilities, receptionists, and provide personalized telephone answering. Many executive suites provide administrative services, accounting, faxing, postal services, and libraries for an additional fee. If you don't want to hassle with hiring and training secretarial and administrative personnel, an executive suite may be your answer.

If fast expecting rapid growth, however, you may want to consult with a qualified commercial real estate associate about space requirements, and a space planner to give you assistance with office design specifications.

Another avenue to explore in your office relocation, is to look into the business incubator concept. A business incubator is similar to an executive suite, however the incubator has a vested interest in the success of your business. The incubator helps start-ups when they're in real need of expertise by offering management assistance, financing, and marketing and technical support. The National Business Incubator Association (www.nbia.org) promotes the importance of incubating successful businesses, and new technologies. Leases are generally flexible, and space expandable to meet a growing concern. Typically, two to three years after going through incubation, the business is freestanding and financially stable. The NBIA also has a link to Member Incubators on their site if you think this may be a suitable option. One caveat: some incubators take a piece of your business in exchange for providing low cost rent and other help in your startup phase. In those cases you need to consider whether it's worth giving up a percent of your company in exchange for their help.

Whichever option you take in relocating your office, research and plan your move carefully. Consult with commercial real estate professionals, your business associates, and seek advice from your local Chamber of Commerce. Taking your business to this next step can be nerve-racking, but fun and exciting.

The Source is : http://www.businessknowhow.com/manage/officespace.htm