The initial inspiration for The Receivables Exchange was born out of the need for businesses to be able to access working capital by synthetically shortening the payment terms they offer their clients. Sell a good or provide a service and then auction off the invoice to a pool of buyers; simple, elegant and extremely effective.
As a college Senior with the impending doom of entering the real world, the process of looking for a job feels less like embarking on an adventure, and more like a fight to the death with my peers. In this sluggish economy and slow to hire job market, even getting an internship presents a challenge. But if you managed to land a job or internship in a field that you’re interested in, then congratulations, you’re already one step ahead of many people. However, for those ambitious individuals who are lamenting the fact that their jobs aren’t at a big name company like they’ve always thought they would end up at, then fret not. Below highlights the advantages of working for a small to midsized (SMB) or start-up company, speaking from my own experience and observations:
As a small business owner, you know the growth of your business depends on many things including being known and liked by your current and potential customers. You can help yourself get better known and liked through a variety of ways, but it’s important to do so consistently, powerfully and cost effectively. But along with all the other things you need to, how can you also make that happen?
In today’s digital age, one marketing tool has become more important for business owners than anything else. It’s your website. 88% of consumers now conduct product research online. That means that your website is the first impression that the majority of potential customers will receive of your business. Business cards are becoming obsolete. Google is king.
A recent article by the Associated Press on strategies for small businesses to keep cash flowing showcases one of The Receivables Exchange's customers, Joe Reini from Mason-Grey Corp., an engineering services firm in Atlanta, and discusses how Joe uses the Exchange as part of his overall working capital solution. Reini uses his bank for payroll and other expenses, but turns to the Exchange to build up his cash flow to grow his business.