“I’ve just run out of options.” How many timed has a business owner uttered those words as he/she found themselves in a really tight cash crunch? Countless, I’m sure. But Naomi Monk of Small Commercial Mortgage Online apparently believes that there are always options.
To that end Ms. Monk has authored a white paper titled “21 Ways a Business Owner Can Raise Cash and Reduce Debt.” And among the various ways that Ms. Monk proposes to access cash is factoring accounts receivable.
Now I’d be a liar if I were to tell you that there are some brilliant tips that provide magical solutions to cash flow and debt issues. There aren’t. But when you are facing certain challenges or dilemmas, it is sometimes helpful whaen you can leverage the unencumbered thinking and professional experience of others.
So if you are staring blankly at your balance sheet and you are seeing numbers with parentheses around them that shouldn’t have parentheses around them, then you might want to download Naomi Maonks white paper. What the heck, it’s free!
