In a previous article we talked about loans versus leases, now we will talk about the cost to factoring your invoices. I am including a calculator to help you determine what your Annual Percentage Rate (APR) is on the transaction. Because factor financing is short term (usually 30-45 days), you will not see an annualized […]
Factoring, the True Costs Read More »
What is your most valuable asset? Great question, but the answer can go in many directions. Do you think it is your physical assets or intangible assets? What’s the one thing you can’t replace in your business? That is your most important asset. I think you would agree that human resources (you) are the business’
Are you protecting your most valuable asset? Read More »
Many have written about co-mingling finances, however many business owners continue to do it. Therefore, you get my version of the lecture. Stop mixing your personal and business finances. Some business structures REQUIRE you to keep business and personal separate, and while this may seem obvious, it is practiced less often than you’d expect. Today, I want
STOP MIXING PERSONAL AND BUSINESS FINANCES Read More »
When looking to purchase equipment, the lower monthly cost of a lease may be enticing, but what is that lease truly costing you and your business when compared to a loan? Below you have a calculator which can help you determine just that. EQUIPMENT INFORMATION: Purchase Price is the amount you are paying for the
Should you Lease or Buy? Read More »
Definitions First things first, there are a few terms we need to make sure everyone knows just from the title! Fixed Assets are the things that you own which are the touchy, feely things, for example buildings, vehicles, furniture, computers, fixtures. The costs of these are spread out over the useful life of the asset
We all want to keep a little extra jingle in our pockets! All apps are available on iPhone and Android devices. I know there are a few apps in here I use all the time because of their reliability and user driven information. This first one is my FAVORITE! GasBuddy: Find Cheap Fuel Report prices,
Free Apps to Save you Money Read More »
