Daily Archives: January 28, 2011

U.S. Small Business Owners Could Double Exports via Factoring

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It was reported today that this year top trade officials from the United States are embarking on a campaign to spread out across the country to recruit small-business owners to double exports by 2015 as part of the current goals within the administration. Today only about 1 percent of nearly 30 million small and medium-size firms in the U.S. export goods

It was a year ago when President Barack Obama announced the export initiative asking small and medium-size businesses to export, because the more small businesses export, the more they produce; the more they produce, the more employees they need reach out to the group of business owners that account for nearly two-thirds of job creation but a third of total goods sold abroad.

So far, exports are on track to achieve the 15 percent yearly gains required to reach the goal, up nearly 17 percent on the year through November. But continued progress could be difficult, since the administration is using as its base year 2009, when exports were at a three-year low.

Businesses in the U.S. could earn increased revenues via exporting, but in order to prepare they will need cash. One way to achieve this goal is to begin invoice factoring.

If you have questions about how factoring could assist you with setting up exporting services, or if you are seeking an alternative funding source for small businesses, announced that the company offers support to small businesses that are struggling with raising capital to fund growth prior to economic recovery.

StrategiesThat Turn Businesses Around Include Factoring

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If you are a small-business owner or an entrepreneur who has suffered from the economic downturn over the last couple of years, you might find that you can turn things around and even beat your competition by using these simple business strategies:

– Do not allow fear of failure hold you back because failure is often an opportunity to learn.

– It’s important to make decisions in a timely manner, and that means it is okay to use your intuition and make decisions on the fly.

– Don’t procrastinate, because it can lead to missed opportunities.

– Periodically ask yourself why you started your own business, and remember why you like being your own boss. Remain passionate about your work.

A small business must remain flexable. Since many clients pay for services 30 to 09 days after the job is completed, or after the product is delivewrd, small businesses tend to be cash poor. Accounts receivable factoring is a tip for staying cash rich rather than cash poor.

This flexibility is a huge advantage for small businesses, because you can set up an account with a factoring company, then be prepared for the times when you may need to contact them.