We find the week's best small business articles so you don't have to. Here are the top stories posted this week:
1. Industries That Can Use Invoice Financing to Their Advantage | While nearly any business that issues invoices can benefit from invoice financing, there are a few industries that have the most to gain by leveraging this source of alternative financing. Invoice financing and factoring is ideal for companies who use a large amount of capital to fulfill product or service orders or whose business is seasonal. What good is getting a new customer if you don’t have the cash to pay your employees, buy raw materials, or manufacture your products? Companies that are turned away from banks due to a lack of assets and/or collateral are also welcomed by invoice financing companies. | Read more here (from FundingGates.com)
2. How to Set Your Business Up to Bid on Federal Government Contracts | To supercharge your revenue, consider doing business with the largest U.S. buyer of everything from oatmeal cookies to new tires, the federal government. Navigating the many layers of bureaucracy can be challenging. Here are essential steps to getting set up to search for and win work from Uncle Sam, courtesy a new e-guide from Microsoft. | Read more here (from Entrepreneur.com)
3. Employment Law: 3 Compliance Mistakes You Don’t Know You’re Making | One of the biggest mistakes you can make as an employer is underestimating the importance of compliance with employment laws. The cost of being audited and found in non-compliance may be more than your business can bear. | Read more here (from Insperity.com)
4. Free Money: 4 Small-Business Grants You May Not Have Heard Of | If ever there was a fictional story representing the small-business grant process, it would have to be Alice in Wonderland. Looking for grant information online is like diving down the rabbit hole. You never know what you’ll find, and when you do find something that seems promising, often it’s not what it appears. These four specific grant sites can help narrow your search, and maybe even help you secure funds for your idea or product. | Read more here (from OpenForum.com)
Start financing your invoices with The Receivables Exchange today!