Tag Archives: small businesses

Factoring Aids Small Businesses As Economy Turns Around

There is one recent Small Business Employment Index from Intuit, Inc. which shows that small business employment continued to show growth last year, In fact, hourly employees at small businesses in the United States worked an average of 24.8-hour work weeks, otherwise 107.5 hours in December or about a 0.2 percent increase from the revised figure stated in November. Overall the employment growth rate for November was revised upward to 0.4 percent. Small business employees averaged monthly pay of about $2,607 per month in December, at a nearly … Continue reading

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IFG Factoring News – December

Controlling Debt via Invoice Factoring in 2011 In December, the International Monetary Fund’s chief economist said there will be a two-speed global 2011 recovery in 2011, with most developed countries growing slowly while emerging market economies will grow faster. Most of the analysts believe that in order for a health global economic recovery there is a need for countries to rebalance their economies via letting exchange rates adjust freely and at the same time controlling debt. The issue of controlling debt is a key challenge … Continue reading

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IFG Factoring News – November

Accounts Receivable Factoring to Assist Business with Cash Flow in 2010 As 2010 ends, one study finds that many small businesses don’t have enough cash to survive another economic downturn, a study by While this study did not include the US, other surveys of US small businesses have indicated similar results. More than 1,750 small and medium sized enterprises (SMEs) were surveyed in Canada, China, Italy, Singapore, South Africa, and the United Kingdom. About 30 percent of the sample micro businesses employing fewer than 10 … Continue reading

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IFG Factoring News – August

Accounts Receivable Factoring is a Strategy for Cash Flow The strategic planning process should result in identifying broad directions and approaches for your company as a whole, and it is usually intended to provide direction — with all the more tactical details to be worked out later. Most companies look at planning every quarter, so a good strategic plan will be comprehensive in scope, developed with considerable input of data and thinking. You should look at the business as it stands now – it strengths … Continue reading

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Factoring Through the Centuries

Factoring dates back 4,000 years to King Hammurabi ([1795-1750 BC]), the king of ancient Mesopotamia. He was the ruler who established the greatness of Babylon, known as the world’s first metropolis. Considered as the cradle of civilization, Bronze Age Mesopotamia included the Akkadian, Assyrian, Babylonian and Sumer, empires. Mesopotamians are credited with first developing writing, as well as putting the structure into business with code and government regulation. It was the Mesopotamians who came up with factoring. In fact, a set of laws known as … Continue reading

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