If you run your own business theres no reason to wait thirty days or more to get paid – you can now have the money paid within 24 hours.
When you run a small business which depends on your customers making timely payments, you may find certain times of the year to be hard going. Even with your business being a really solid going concern, at times you may not be able to find the necessary cash for running your operations.
This can lead to some vicious cycles: your suppliers are discontent with your payment delays, so you may lose out on some good deals. Your employees get frustrated if they dont receive their wages on time, and this can lead to a loss in productivity and higher staff turnover rate. So when you do finally get paid and you want to pick up activity again, you may have no one to supply you and no one to get the work done!
You need cash up front. What are the alternatives?
There are a number of ways for you to get more cash into your business:
* Inject personal funds. This is not usually an ideal solution.
* Find a new investor, if you are prepared to give away equity in your business
* Use an overdraft. A solution...
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