Give Credit, It Helps You In The Time Of Need!

In the fast moving world of vast knowledge and copious business techniques

, it is important to know the tricks of the trade for ones survival. This can be illustrated by a small happening with took place last month. Jessica, the owner of a chain of designer shoes, was falling short of money. I went to visit her store at a time when she was under a financial crunch. I discovered this when I chose 2 pairs of shoes for myself and she, for the first time ever, refused to give away a discount. She was pretty candid about it, but I could tell from her ways that something was wrong. Now, Jessica is a girl, who is definitely very creative and possesses a very sharp business sense and knows customer relationship management very well, but she didnt know the financial tricks of the trade. Upon a little coaxing, she muttered that she was a little tight with her earnings right now because she had invested her money somewhere and needed some cash in hand for her daily chores (personal as well as at work). Now, I also knew, this girl, who is a great manager, salesperson and whatnot, gave lots of credit to people and her franchisees.

I went back home and immediately spoke to a friend teaching human resources at a renowned university. She at once uttered something like compra de facturas and said that she could get me in touch with an invoice factoring specialist who would definitely help Jessica out. Now I spoke to this chap who was ready to help the lady out at very nominal rates. So I got both of them in touch and the results were marvelous. Jessica got immediate cash in hand without having to take a loan!

Here is what an invoice factoring specialist does Invoice Factoring. Now invoice in financial terms means accounts receivables, that is the accounts on credit which are yet to be encashed (just like in Jessicas case), and the factor is the third party who buys the invoices from you, giving you the benefit of immediate cash and the factor earns a profit because they buy it from you at a discounted rate.

So even if you give credit, there are definitely ways to get it back also (especially in times of need. Also, make sure to hire a regional factor, for instance if you reside in California, then go for an Invoice Factoring California.

by: wilsonlee

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