Financing through a challenging economic climate or a rapid change in your business such as unexpected orders, sudden growth, or entering a new market can be daunting. Choosing the right solution for financing through the changes can change the way you use the capital, when, and how much you choose to draw. Let’s dive into […]
4 Ways Freight Bill Factoring Helps Trucking Companies Succeed
If you’re a veteran trucker, or already looking at cash flow solutions for your business, you’re likely familiar with freight bill factoring which means you’re ahead of the curve. This factoring primer is for the new owner-operator, or business owner who’s either boot-strapped the business to this point, or whittling away at a bank loan […]
Building Your Business on Healthy Profit Margins
Some companies start off with a rich, financially sound backing due to investors. Some founders launch new businesses off of successfully built and sold companies. Others are brand new startups, just being launched from an idea. In all cases, profits should matter. Companies must pay close attention to not just if they are selling product […]
Is Now The Time To Go Green? Weighing Risks & Rewards
Before March of 2020, the pressure was mounting for businesses across nearly every industry to adopt sustainability practices, including reducing energy consumption, recycling, and reducing the usage of consumable products within the workplace. For some businesses, this change included investing in new, high-efficiency equipment, or capital expenditure in remodeling or retrofitting their facilities with everything […]
Supply Chain Constraints & the Metal Fabrication Industry
The current state of the economy has caused supply chain constraints to become a significant issue for businesses in a variety of industries. The metal fabrication industry is one such example. Due to shortages of steel, aluminum, and copper, metal fabricators are finding it increasingly difficult to obtain the materials they need to produce their […]