When a customer of a factoring client does not pay or pays late the factor puts that customer into a collection mode and begins harassing that customer thus putting the factoring client at risk of losing that customer?
Money $marts Food For Thought
True or False: Customers of clients that factor dislike factors and the fact the client sold their invoice?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtWhy do they do this?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtA business owner offers a 2% net 10 discount. Based on a 100 company survey of small businesses how many days does that business owner actually have the working capital in hand to apply to their business? 10 days? 12 days? 15 days? 17 days?
You Decide: A buyer that takes advantage of a 2% net discount offered by the seller of a product is actually making a 72% return on their money?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: A 2% net 10 discount offered by the seller of a product or service actually costs that seller 72% annually?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: You acquire credit insurance for all of the invoices for all of your clients?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtHow do you do it?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtWhen you are taking on a new customer you verify their credit and ensure that they are both credit worthy and that their payment history in the market place aligns with the terms that they negotiate?
How do you do it?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtWhen you ship product you verify with your customer that they have received the product, are happy with the product, and are going to pay within the terms agreed upon on the invoice … or you ship the product, assume the customer has received it and is happy with it, and assume that you will [...]
