I totally agree that one should have a plan so as to "avoid the need to be out constantly raising money."  And many entrepreneurs see the whole capital process as a huge distraction.

However, ensuring that the business has "sufficient" capital is (in my opinion) one of the primary responsibilities of the leader/owner.

As the founder and owner of a reputable factoring company for new and established businesses, I'll be more than happy to offer a free presentation or even a free seminar or open discussion with full transparency to anyone interested in exploring the REAL nature (the REAL opportunities, benefits, and downsides) of factoring (and/or other "alternative business financing options").

During the past 5 years we have helped so many small businesses grow and succeed in their markets that I would love to see all interested SUN members benefit as well.

The unabashed truth is that factoring can do so much for a company when it is being used ethically, properly and for the right reasons. However, awareness and familiarity among small business owners and entrepreneurs is still low and often based on misinformation or 3rd-party anecdotes.

I'd love to help change that! So please, feel free to challenge me.

Fair point, Steve. Thanks!!! I just read the weekly on "8 steps to managing your money", and one of the options mentioned was "factoring". And as I thought there was some room for improvement, I just used the "post comment" link there. Sorry! Didn't mean to comfuse.

Best,

Ralf

Hello Gerhard,

It really depends what your needs are. Without more info, it's hard to say if factoring can help you. If it's right for you, it can do "miracles", but if it's not the right solution for you, it can do a lot of damage. But if you like, you can call me at 001-561-746-1954. Just remember that you're 6 hours ahead of me. I won't be able to help you in Germany, but I'll be more than happy to offer free advice (even in German...).

Best wishes,

Ralf