Subject: [Boost-bugs] [Boost C++ Libraries] #8213: How Factoring Your Invoices Will Help Your Business Grow ###
From: Boost C++ Libraries (noreply_at_[hidden])
Date: 2013-03-01 21:47:31
#8213: How Factoring Your Invoices Will Help Your Business Grow ###
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Reporter: lunquewinmay1977 | Type: Bugs
Status: new | Milestone: To Be Determined
Component: None | Version: Boost 1.52.0
Severity: Problem | Keywords:
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If you own a business that sells goods or services to commercial clients
or to the government, you must certanly be acquainted with the maxim hurry
up and wait. That's everything you always wind up doing after giving your
services. You run up and wait up to 60 days to really get your bills paid.
In the meantime, you still need certainly to include employee wages and
rent, company payments. Hurry up and wait, certainly.
But it is a major problem if you are a business manager. It decelerates
your development, dramatically. Why? Well, might you take on a big order
and afford to wait months to have paid? Might you afford to purchase the
materials, pay the staff, address lease? This is why this is just a major
challenge. And most of the time, it may drive you out of business.
And yet, when faced with an economic concern, what does a business owner
do? Many will visit the lender, dreaming about a business loan. But
company loans are very hard to acquire and maybe not very flexible. Plus,
banks give loans centered on your business past in place of your future
possibilities. Often, the thing you need is a funding product which is
dedicated to your true revenue potential. And that product is invoice
factoring.
Invoice factoring eliminates the 60-day payment delay, providing you with
resources following you bill your customer. Imagine this. You deliver your
product or service to your customer. And then, instead of waiting as much
as 60 days to have paid, you get paid in 2 days. How fast might you
develop then? How many clients can you undertake?
And how does factoring work? Well, its very simple. After your product has
been delivered by you, you send an account to your client and a to the
factoring business. The factoring company advances you a substantial
portion of your account, often within a day.
The factoring companys advance gives you the breathing room you want and
the amount of money you need to pay business expenses and take on new
opportunities. This enables one to develop your business. Once their
invoice is paid by your client to the factoring business, the transaction
is completed.
Factoring is simple to have. The greatest need is that you conduct
business with solid credit worthy clients. Therefore, when you need
funding and do business with good clients, consider factoring your bills.
-- Ticket URL: <https://svn.boost.org/trac/boost/ticket/8213> Boost C++ Libraries <http://www.boost.org/> Boost provides free peer-reviewed portable C++ source libraries.
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