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There are various obstacles business owners face each day, especially regarding capital. Needing cash flow to keep up with necessary expenses in business such as salary wages, products, management, etc., is a common issue. Perhaps you’d like to seize an opportunity for a new investment, but you don’t have the cash at your request.

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It’s always important to consider the different types of options you have as a business owner. Whether it’s financing tools such as accounts receivable factoring, a business line of credit, purchase order financing, inventory financing, supply chain financing, debt financing, equity financing, and more, there is plenty of flexibility within each one.

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Every business or organization needs a person to organize and manage the wellbeing of staff and answer any questions as assistance on extensive information. Your business could highly benefit from having personnel in charge of issues related directly to clients and employees, so as a business owner, your focus could efficiently work in other areas.

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How Can Purchase Order Financing Improve Cash Flow for Businesses? As a business owner, I’m sure you know what it’s like to keep up with customer’s needs for orders of your products. What if your company is new and not ready to begin landing major orders that need to be fulfilled, or your business is growing rapidly, and new customers begin to place orders on top of existing customers? Better yet, what if you aren’t anticipating the demand of existing customers increasing, which increases demand for supply? Using a valuable financing tool such as Purchase Order Financing, business owners can keep up with their customer’s demands at their own pace while maintaining capital for other areas of their business.To start, what is Purchase Order Financing…

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Whether you’re a small business or a large multinational, changes in the economic environment affect everybody. Typically, businesses benefit from lower interest rates because in that case, there would be less of a cost to borrow, allowing room for more money to spend. With more money to spend on your business, you could invest in various areas to expand and grow.

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Companies today must work towards developing positive customer relationships. This is a critical goal in the age of the ever-increasing competitive landscape. Firms that build a trusting relationship with customers will be the ones that earn the most profits.

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Businesses have demands for their capital in all areas. Payroll to cover the demands for staff, to marketing to drive sales, to inventory and supplies to keep products on hand. Let’s not forget the other soft cost associated with running a business along the way. All of these expenses go hand in hand and are crucial, thus leaving the small to mid-sized business owner stuck in a proverbial catch 22.

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6 Must-Have Apps for Small Business Owners Using apps created for businesses can greatly help simplify a lot of operational matters. Whether you want to promote your business, communicate with the team, or work more productively, you can find a business app that suits your purpose and needs. But with so many apps available on the market, selecting the best ones can seem a little daunting. To help you navigate through the large amount of apps, Troy Business Group has carried out the search and compiled a list of 6 apps that are great for small business owners. 1. Kashoo Managing finances will seem like a breeze with Kashoo. The finance app supports a lot of features that will make your task easier when it…

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Finance 101: The Benefits of Factoring for SMBs Explained Factoring is an excellent financing option that can provide a quick boost to the cash flow. This may be an important strategy to improve your cash flow. Small and medium-sized businesses can particularly benefit from factoring. At Troy Business Group, we have helped a lot of clients avert cash flow problems by using this mode of financing.   In this post, you will learn about some of the benefits of this type of financing for SMBs. 1. Less Costly than Loans Factoring involves selling credit invoices to get cash. The asset-based lending is less costly than other modes of financing. You will save on direct interest payments on loans when you go for this option. With the…

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Trends that Will Shape the SMB Industry in 2019 Companies today must work towards developing positive customer relationships. This is a critical goal in the age of the ever-increasing competitive landscape. Firms that build a trusting relationship with customers will be the ones that earn the most profits. A vast array of new technology is reshaping the way companies analyze and serve their customers. Being up-to-date with the technological trends can help you to better serve your customers and keep ahead of the competition. Our tech experts at Troy Business Group have compiled a list of five key trends that we think are expected to drive the small and medium-sized business (SMB) sector in 2019. 1. Artificial Intelligence A lot of companies are using artificial…

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