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The cyclical nature of running a business sometimes requires borrowing money to meet a business’ short-term needs or goals. Whether you need funds to launch your startup or to expand your established small business, every business owner will experience their share of financial ups and downs.

Of the many challenges involved in running a small business, money management is one of the toughest, most time consuming aspects. Getting your customers to pay their invoices on time has proven to be one of the most difficult challenges. Slow payments can seriously hurt your business’ cash-flow.

It all starts with an amazing business idea. This entrepreneurial dream quickly grows into plans of starting a small business of your own. After assessing the risks, you are confident in your vision and ready to proceed.

The baby boomer generation has officially been surpassed as the largest generational demographic. The “millennial” generation has become the single largest group within the workforce and is quickly becoming the largest consumer group as well. Millennials make up more than one-quarter of the U.S.

The main difference between those who own a thriving business and the ones who never bring their plans to fruition is fear. For your business venture to be successful, you need to address your fears proactively.

With so much emphasis on what invoice factoring is and what it does, the reasons why businesses choose invoice factoring over other financing options are often left undiscussed. Since every business will have its own set of unique needs, goals and challenges, these reasons can vary.

As summer comes to a close, the fourth quarter of 2017 is fast-approaching. Now is the time to start thinking about and preparing goals for your small business in the upcoming year. Thorough planning will provide your business with a road map for informed decision making.

After surviving the startup phase and successfully building a small business, your energy and focus will likely shift to expanding your business. Knowing what the next step in growing your business and expanding beyond its current status is paramount.

A successful business is always led by a strong leader in pursuit of his or her passion. These entrepreneurs typically share common characteristics and attributes that drive their business’ growth.

It goes without saying that a business owner works long hours to ensure the success of their business. This includes closely managing the business’s financial statements and maintaining sufficient working capital for growth.