Running a small business is a never-ending process of putting out fires. You look up at the end of the day and there’s still a dozen things that need to get done. When you’re running from one task to the next it’s easy to miss important things like cash flow planning. It’s times like these that having a factoring company on hand would relieve a lot of stress.
A factoring company takes the biggest unknown out of your cash flow planning. When will your customers pay? The timing of those cash inflows is paramount to keeping your business running. A business without cash is like a scuba diver without air – you aren’t going to last very long!