NEWS

November 15, 2016

It’s not uncommon for frustrations to arise every now and then at work. Sometimes it’s regarding a technical difficulty. Other times it’s because your coworkers beat you to the free donuts in the morning. And a lot of times, it has something to do with a client. Maybe it was something they did. Or maybe it was something they said (or didn’t say).

They’ll help ease your frustration and cultivate healthier client relationships.

Listen.

When you’re experiencing a client issue, the first thing you should do is listen. Listening intently can help you better interpret your clients needs or concerns. Reassure them that you’ve clearly heard and understood them, then ask what you can do to make them happy.

Communicate Clearly.

Clear communication is fundamental to every aspect of business. If a problem arises between you and your client, solve it by being as clear and transparent as possible. If you need to, hop on the phone rather than emailing. Verbal communication tends to be more tame and professional. Plus, emails can get lost. And sometimes the tone of an email can come off as unintentionally harsh.

Be Specific.

Avoid additional communication issues by being as specific as you can. Explain your needs, and acknowledge theirs. Ask specific questions and try to extract as many details as you can. When you ask questions, you can better understand the situation.

Try Invoice Factoring.

Sometimes, you have a slow-paying client who is on a fixed payment schedule. You may not receive payment for up to three months at a time. This can be frustrating, as you need cash flow to make payroll, upgrade equipment or buy new inventory. A simple solution for this issue? Factoring. Invoice factoring gets you instant cash, so you have sufficient dough to operate your business… and help it grow too. Call TBS Capital Funding at 888-707-5188 to learn more.

If all of those tips don’t work, you could always…

Treat Yourself.

Visit a spa for some elegant relaxation. Get a hot stone massage while you’re there. Spend all day in a robe. Then, take a limo to the nicest restaurant in town. Order a lobster dinner and one (or three) glasses of the most expensive bottle of wine on the menu. Indulge.

Plan a Movie Marathon.

Write out a list of feel-good comedies. Tommy Boy. Office Space. Forrest Gump. Any Disney Pixar flick. Find a dark room, a TV and a bowl of popcorn. Kick back and go on a cinematic adventure.

Daydream that You’re Swimming in a Pool of Chocolate Pudding.

No explanation needed.

Your clients are your business. If things get difficult, smooth them out with patience and clear communication. If that doesn’t help your business thrive, install a diving board for that pool of pudding.

For entrepreneurs who have run into cash-flow problems or defaulted on previous loans, the chances of becoming part of a grim national statistic loom all too large.  Only half of all start-ups survive to their fifth birthday.  That’s reality, according to the Small Business Administration. But with the help of invoice factoring, you can avoid becoming another casualty.  Invoice factoring is one of the fastest growing funding options in the world. A recent industry report cited the global market for invoice
October 05, 2015

For entrepreneurs who have run into cash-flow problems or defaulted on previous loans, the chances of becoming part of a grim national statistic loom all too large.

Only half of all start-ups survive to their fifth birthday.

That’s reality, according to the Small Business Administration. But with the help of invoice factoring, you can avoid becoming another casualty.

Here at TBS Capital Funding, we’re always talking about how great invoice factoring is. That’s all good and fine. But it occurred to us that maybe, at least once, we should back up and tell you simply what factoring is (or isn’t).    Factoring Is Not a Loan – The best definition we’ve read describes factoring – from a business owner’s perspective – as, “a way to get my money as soon as I’ve earned it.” We convert invoices to cash, same day. Our clients think we’re magicians. Try getting a lender to do that.
September 27, 2015

Here at TBS Capital Funding, we’re always talking about how great invoice factoring is. That’s all good and fine. But it occurred to us that maybe, at least once, we should back up and tell you simply what factoring is (or isn’t).

 

At a recent global factoring conference in Poland, a report placed the global market for invoice factoring at $3 trillion. Almost two thirds of those transactions originated in Europe, while less than 10 percent came from the United States.    The global popularity of factoring, and its relative obscurity here in the United States suggest that the practice – that is, getting cash by selling the value of what your customers owe you before they pay it – might be to the funding world what soccer is to sport.
September 25, 2015

At a recent global factoring conference in Poland, a report placed the global market for invoice factoring at $3 trillion. Almost two thirds of those transactions originated in Europe, while less than 10 percent came from the United States.

 

The global popularity of factoring, and its relative obscurity here in the United States suggest that the practice – that is, getting cash by selling the value of what your customers owe you before they pay it – might...

Let’s say you’re handy and you’ve got $10,000 saved up to start a company. You’ve invented a life-changing business tool called the Really Cool Thing that you can sell for $1,000. You rent a small production space, pay $2,000 for first and last month’s rent and pay yourself a $1,000-a-month salary.    In your first month you make and deliver four Really Cool Things – enough to cover expenses. Your product’s a hit and you get orders for twelve more, to be delivered in the next 30 days.     One snag: You only
September 20, 2015

Let’s say you’re handy and you’ve got $10,000 saved up to start a company. You’ve invented a life-changing business tool called the Really Cool Thing that you can sell for $1,000. You rent a small production space, pay $2,000 for first and last month’s rent and pay yourself a $1,000-a-month salary.

 

In your first month you make and deliver four Really Cool Things – enough to cover expenses. Your product’s a hit and you get orders for twelve more, to be delivered in the next 30 days. 

 

A lot of people are talking about factoring these days. But if the Internet has taught us anything, it’s that a lot of people don’t know what they’re talking about.    Factoring is often confused with accounts receivable financing, a loan secured by customer invoices – with all of the closing costs and paperwork that implies. With a loan, you pay the money back, plus interest.    A factor pays you – advancing up to 100 percent of the invoice value, upfront – and collects from your customer on the invoice du
September 12, 2015

A lot of people are talking about factoring these days. But if the Internet has taught us anything, it’s that a lot of people don’t know what they’re talking about.

 

Factoring is often confused with accounts receivable financing, a loan secured by customer invoices – with all of the closing costs and paperwork that implies. With a loan, you pay the money back, plus interest.

 

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