Starting a business is tough. Growing one is tougher. There are so many things you have to worry about: from hiring the right people to sweating out a slow-paying client. Here are some familiar refrains we’ve heard from small businesses, and how we’ve been able to send them on their way, whistling a happier tune.
Strapped? Having enough cash to cover the bills is critical. In order to head off this problem, a lot of small businesses owners think they need to have a rich uncle, or be willing to work an extra job on the side.
Or how about this? A single client that makes up more than half of your revenue, regularly draws out payments to help their own bottom line? Diversifying the client base is vital to growing a business, but it can be difficult. Which is why many small business owners call TBS Capital Funding to transform accounts receivable into cash.
Sapped? Most small business owners work much longer hours than their employees. In addition to the hours spent working on the business at hand, there are the hours of new business development, collections and administration. Fatigue can lead to bad decisions, including the desire to abandon it completely. Our clients have been able to get some relief from the grind by outsourcing collections and customer credit checks to us.
Trapped? A business that can't operate without its founder is a business with a deadline. Many businesses suffer when the founder is unable to let go of certain decisions and responsibilities as the business grows. The sooner you can wean your business off your personal financial statement – perhaps with the help of a healthy accounts receivable factoring relationship – the better it will be in the long term.
There’s no reason for you to feel strapped, sapped or trapped. Not when you’ve got a partner like TBS Capital Funding just a phone call away. We hate to see you singing the blues – unless you just really happen to like that kind of music. Get started right here.