Cashflow Blog
Solving the cash flow challenges of Small/Medium Businesses, Government Vendors and Individuals with innovative financial solutions
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- Credit Card Debt – To Eliminate or Consolidate?
You’re at the end of your rope and you simply can’t do it anymore. You’re drowning in debt and sick and tired of trying to gather enough money each month just to make the minimum payments due on your credit cards. You can be certain that you’re not alone. There are many people who are facing a financial crisis much like the one with which you’re dealing. It’s overwhelming and scary, especially if your accounts are delinquent and you’re receiving threatening and harassing calls and letters from debt collectors. Take comfort in knowing that you will overcome this financial burden because, fortunately, there are options available to you.
Tue, 10 Oct 2006 10:47:14 +0000 - Freshbooks - an online billing service company
Freshbooks (an online billing service company) recently announced that they have more than 80,000 users. Not a shabby accomplishment for a "web 2.0" company with an active and working revenue model. CEO Mike McDermont agreed to share some insights with us about their success.
Wed, 04 Oct 2006 14:05:26 +0000 - Invoice Factoring Financial Documentations
The process for signing up as a new factoring client includes asking for current financial information. You should consider putting together a small loan package prior to seeking a factoring company, unless your company is a pure start up, in which case you will apply without this type of documentation. For revenue driven businesses, those companies going after invoice factoring would find it helpful to have the following material close at hand. The company Balance & Income Statement, Profit & Loss Statement, Current Accounts Receivable Aging Report, Accounts Payable Aging Report, and in some cases (but not all) a copy of the latest company tax return.
Tue, 26 Sep 2006 14:40:21 +0000 - Securities and Stock Market Fraud
"The market is a place set apart where men may deceive each other!" Diogenes Laertius (Circa 200) There can be as many ways to cheat investors as there are swindlers, con artists, and unscrupulous brokers... and there are quite a few of those out there! When you invest your hard earned money with a stockbroker, you do so with a level of trust, and this trust is backed up with strong legal protections to protect your interests. Nevertheless, investment and broker fraud is all too common.
Tue, 26 Sep 2006 14:30:57 +0000 - Hybrid Debt Securities
What are Hybrid Securities? A broad classification for a group of securities that combine both debt and equity characteristics. Hybrid securities pay a predictable (fixed or floating) rate of return or dividend until a certain date. At that date the holder has a number of options including converting the securities into the underlying share.
Mon, 18 Sep 2006 20:30:15 +0000 - 9 Ways to Improve Construction Contractor's Cash Flow
From ConstructionDeal.com1. Bill Promptly - It's easy to think about moving on to the next job, but it's important to send homeowners a detailed bill with obvious payment dates. Also, send a reminder about two weeks before the official due date.
2. Stick to Budgets - Know what you’re going to spend for new equipment, equipment maintenance, and on company supplies and stick to it. It can hurt your cash flow and cut into your profit margin.
3. Offer Early Payment Incentives - You'll be surprised at how offering a 1% to 2% discount for early payments will make your clients mail out their checks in a hurry.
4. Pay by Credit Card when Possible - Do this only if you're receiving 0% credit card offers for an initial period. It's a great way to keep cash handy and you can transfer the balance to another card once the initial time period is up.
5. Schedule Payments - Pay suppliers as late possible, avoid late fees, and plan out a payment schedule so that you're not paying everyone all at once. Spread out regular payments and try to arrange alternate payment dates to work with your schedule.
6. Avoid Slow or Non- Paying Customers - In your qualifying phase, make sure the homeowners have payment options in place. If they have trouble even coming up with the initial deposit, you might have to pull away from the job. Think of the man hours you'll spend trying to collect on the job during and after.
7. Barter Instead of Cash - See if you can find a barter arrangement for services. You might provide plumbing work in exchange for a website design - talk with your potential clients to find out if they provide a service you need.
8. Don't Spend it When You Get It - Avoid the urge to spend a portion of any payments you receive. Try to find an accountant or money manager who ..
Fri, 15 Sep 2006 12:04:38 +0000 - Financial Terms to Know
Alternative minimum tax (AMT) A federal tax system created to ensure that wealthy individuals pay a minimal level income tax. The AMT is often triggered when an individual has numerous personal exemptions, such as for state and local taxes; large miscellaneous itemized deductions or medical expenses; or Incentive Stock Option (ISO) plans.
Wed, 13 Sep 2006 13:28:36 +0000 - Bank Foreclosures One of the Easiest Ways to Buy Foreclosures
Bank foreclosures are homes and properties that are currently owned by various banks or lenders. These banks own them because they are the result of foreclosure actions. The previous owners of the home had fallen behind in their mortgage payments and the bank foreclosed on the home. Bank foreclosures are actually one of the easiest and safest ways to buy foreclosures.
Sun, 10 Sep 2006 19:14:36 +0000 - Profitable Growth through Brand Rationalization
By: MarkPlus&Co Companies spend vast sums of money and time launching new brands, leveraging existing ones and acquiring rival brands. They create line extensions and brand extensions, not to mention channel extensions and sub-brands, to cater to the growing number of niche segments in every market, and they fashion complex multi-brand strategies to attract customers.
Sun, 10 Sep 2006 19:10:08 +0000 - Financial Strategies for the Later Years
When you first started out in your career, you may have focused on paying off student loans, buying a home and, hopefully, starting to save for retirement. Generally speaking, these are pretty straightforward goals. But by the time you enter your 50s and 60s, your financial objectives may be somewhat more complex, so you will need to take great care in creating and implementing the right strategies.
Tue, 01 Aug 2006 19:31:25 +0000 - High Gas Prices? Gas supply kept tight
Any disruption could be problem BY NICOLE GAUDIANO | GANNETT NEWS SERVICE WASHINGTON - The oil-refining industry might have helped create a gasoline market that's so tight that some industry experts and critics say any hurricane, pipeline break or other disruption is likely to cause price spikes.
Tue, 01 Aug 2006 19:25:04 +0000 - 10 nasty money habits to kick
By Bankrate.com Remember the movie "Groundhog Day," the one where Bill Murray kept reliving the same day? Some people live their financial lives like that, making the same mistakes over and over.
Sun, 30 Jul 2006 20:55:45 +0000 - Cash strapped schools looking for corporate sponsors
By Judy Keen, USA TODAY SHEBOYGAN, Wis. — A growing number of cash-strapped cities and schools are selling naming rights to parks, gyms, locker rooms and even the principal's office.
Sun, 30 Jul 2006 20:49:12 +0000 - Product Pricing - The Price Is Wrong
Tom Taulli Ten years ago, Anirudh Dhebar, a marketing professor at Babson College and an expert on pricing, sent an invoice to a money-center bank for a one-day seminar he facilitated. Within a few days, a representative from the company’s human resources department called and told him: "I know how good you are, I know how much some of your colleagues charge, and I would like you to submit a new invoice with a 50% higher fee."
Fri, 28 Jul 2006 18:16:16 +0000 - Free Money: My Opinion on 0% APR Credit Card Offers
From PluggedInFinanceOk, I risk making waves amongst the 0% APR chasers. However, I’ll make my opinions known.
My background: At the age of twenty-five, I had never looked at my FICO score, but I had a credit representative tell me it was the highest they had ever seen. Forty-two months later I had been married and divorced. My FICO score was now in the mid five-hundreds. Eighteen or slightly more months later the FICO score was back up to mid-7s. Now it's 771. It took a slight hit and fell from 780s surrounding my recent home purchase.
I believe first in keeping the number of inquiries on your credit report to a low number. Right now I have seven unique inquiries in the last two years. Credit lenders typically look at any series of inquiries occurring within a 15 day period as related and count them as one unique inquiry (I’m reasonably confident on the number of days, but correct me if I’m wrong).
If I get my inquiries below 7, perhaps around 5, I’ll probably get the HSBC 1% rebate MasterCard with a one year 0% APR. Once the one year promotional APR is over, I’d switch back to my 5% and 2% rebate credit cards. It's important to note that you must exercise a reasonable amount of due diligence to find a credit card that doesn't charge a 3% balance transfer fee. The HSBC MasterCard is not one of those. If you need one of those, the Discover miles card might do this for you. Anyways, I generally hate BALANCE TRANSFERS because they only prolong the inevitable (facing reality and paying it off). Only those that set up parallel high yield savings account(s), avoid hurting themselves to bad; however, their FICO score still suffers a bit.
Other credit card tidbits:
a) You're FICO score is partially determined by your "credit card available balance percentage." If you have a credit card with a zero balance and close it, both your FICO score and perce ..
Fri, 28 Jul 2006 18:10:56 +0000
