NYC Business Solutions

Factoring: Another Financing Alternative

Calling all small business owners: Do you carry accounts receivables? Your receivables have a unique value to your business.

Factoring (also known as Invoice Factoring or Accounts Receivable Factoring) is defined as a financial transaction in which a business sells its accounts receivables (invoices) to a third party (factor) at a discount in exchange for immediate cash with which to finance ongoing business.

Reaching New Customers

Hello, Mr. or Ms. Business owner. I have two questions for you: Who are you? And, why should I care?

That is probably how at least 95% of your potential customers feel.

As a small business owner, you probably do not have a budget set aside for marketing. So, how do you attract new customers in this ever-changing climate of technology? How do you stay competitive? How do you stay relevant? Most of all, how do you stay in business?

A NEW Resource to Grow Your Business Online

In August, Mayor Michael Bloomberg announced the launch of the Small Business Digital Toolkit, which offers small business owners free training to expand their online presence and grow their business.

I encourage all small businesses to take advantage of the Small Business Digital Toolkit – either online or at one of the NYC Business Solutions Centers.

According to a 2011 Nielsen report, Americans spend

Find Space – and Other Resources – at an Incubator

Running a business in its early stages can be difficult and costly in terms of rent, staffing, professional services, and advice, among other things. Participating in a business incubator can help startups to be successful as they develop.

Incubators usually offer lower-than-market-rate rents, access to on-staff consultants, and access to other entrepreneurs who are working through similar challenges of starting and growing a successful business. The word “incubate” literally means to protect and support, thereby enabling healthy growth and development.

Five Tips for Best Managing Business Cash Flow

Two weeks ago, my colleague Manny Dominguez provided a fantastic introduction to cash flow. Many readers left comments and emailed questions. So, for all of you out there who are trying to best manage your cash, here are five more pointers.

Cash is King: Cash Flow Made Simple

How can a hugely profitable company fall behind on its rent? When is winning a large contract bad for your business? The explanation behind these perplexing questions is a business concept called cash flow. I mentioned cash flow before, when I talked about making projections for your business, but never explained how cash flow can impact a business’ day-to-day operations.

As you will soon learn, however, there’s a good reason why so many business experts agree: “cash is king.”   

4 Surprises Commonly Faced by New Entrepreneurs

New Businesses: 4 Mistakes to Avoid

Finding Your Target Market

Business guru, Peter F. Drucker, often called the father of modern management, once said: “The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.”

Perfect the Pitch

Speaking in public is tough. Presenting

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