How Business Owners can Control Employee Company Card Security
Many businesses, both large and small, utilize company issued credit cards as a way for employees to complete small purchases or pay for other business related expenses. In order to…
How to Manage New Business Growth and Not Go Bust
A new business owner knows they only have so much time to grow the company and become profitable before the initial capital they invested runs out. So it seems counter-intuitive…
How to Organize Your Desk
1. Start with a blank slate: Remove everything—everything!—from your desktop; and only bring back what you need, as you need it. You’ll quickly realize that many of those “essentials” cluttering…
Prevent Fraud in your Company
Over the year’s cases of corporate fraud involving very large, publicly traded businesses make big news. Every day Small businesses are targets of fraud and deception even if the amounts…
How to Deal with Stress in Business
For almost 25 years I’ve been financing businesses and watching the effects of being a business owner. Then one day I became a business owner! Although I always appreciated how…
How to Start a Small Business
This power point was presented at Mohawk College in February 2014 to help students that are new to Canada access general information on starting a business. Starting a Business
What does a first position on my Accounts Receivables mean?
Generally a Factor will take a first position on all accounts receivables as collateral even if they are only purchasing certain accounts. This allows the Factor to purchase other accounts…
What Security is Pledged for a Factoring Agreement?
When entering into a Factoring Agreement a Factor will take a first position on the account receivable as a minimum requirement for most clients and a personal guaranty is standard.…
Case Study Transportation
This transportation company started with a $75,000 credit limit for US and Canadian invoices. This client had larger invoices and carried larger loads so they required the financing to help…
Case Study Publishing
A company publishing a newspaper was suffering from inadequate systems and was not collecting receivables regularly and never checked credit on the customers. They had a couple of bad debts…