Article from Risk and Insurance
Interesting summary article discussing the shortage of drivers contrasted with the increased regulation by the government.
The author of the article “6 Ways to Fund Your Small Business” coins these methods as “unexpected funding sources” with Factoring listed as second. A great alternative to help the new, small or large growing business. Contact firstname.lastname@example.org with any questions.
In mid-November of last year, the employees of Great Plains Transportation Services, Inc. and Partners Funding, Inc. started our ninth annual “Jeans for Charity” dress casual fundraising event. Over the course of the following 31 business days if the employees wanted to wear jeans they needed to donate a specific amount each day they were
The following appeared in the 11.13.18 issue of the Minnesota Trucking Association newsletter and thought it was worth repeating here: “According to the Department of Labor’s monthly Employment Situation Report, the for-hire trucking industry added another 2,400 jobs in October. That’s the sixth straight month that total for-hire trucking employment has gained and the 13th
National Manufacturing Day One week from this Friday (10.5.18) is designated as National Manufacturing Day. Other than some sectors having problems finding the needed workforce, times are reported good to be in this industry. However, the balance of both fulfilling work force and capital needs in the near term continue to be top-of mind. Partners Funding,
I recently attended a meeting from Enterprise MN where The State of MN Manufacturing Survey was summarized/presented. Some of the findings were quite interesting and thought we would post a summary of the key points of interest, below: 60% stated workforce is the overriding challenge Confidence highest it’s been since 2008 for both 2017 and
We ran across this article, “5 Cash Management Tactics Small Businesses Use to Become Bigger Businesses“. As written, these are good/primary tactics but there are additional alternatives that can make good cash management sense under certain circumstances (like invoice factoring). The benefit of invoice factoring is predictable/consistent cash flow and a few of the circumstances for review
The month of April is designated as “Stress Awareness Month”. I wonder if the designation is strategically placed in April because of the tax deadline? Stress is brought about by many things but have it on good authority money is a big contributor (reference tax time)! Partners Funding is equipped to help alleviate some of
“You can succeed yourself out of business if you don’t understand the relationship between accounts-payable-days and accounts-receivable-days. This perspective will provide you with a better understanding of the impact of time on cash, and how insidiously success burns cash”. – This is an excerpt from a recent article published by B2B CFO and a concept for
We ran across an article titled “How to Decide Whether You Need Debt or Equity Financing for Your Business” and thought it was worth sharing Forecasting 2018 as a great year to expand and/or start a new business, the article speaks to the importance of cash flow and making the right decision in terms of looking for
January is National Mentoring Month and this link is a nice breakout of the SBA/SBDC offices around the country. A mentor does not have all the answers but can help serve as that sounding board allowing new ideas to generate from two people communicating. If there are financial questions you are facing in your business,