Don’t Waste Time on Invoices

Everyone wants to be an entrepreneur, but something you don’t hear about in those success stories you see on TV are the really lean times. What’s frustrating is that your business can be doing really well on paper, because you have steady customers and are making lots of sales. But if those customers don’t deal in cash and are always invoiced, this is where you can start to hit a slippery slope. The longer those invoices sit unpaid, the longer you don’t have the cash on hand to pay your own bills. Recently, I learned about something called business factoring, which allows me to sell my invoices to a factoring company for cash. It’s been a real life saver.