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What is factoring?
Factoring is an innovative method of business financing that allows clients to get an accelerated payment on their slow paying invoices. Traditionally, when a company offers its services to another business, they need to wait between thirty to sixty days to get paid. Although companies that have a large cash cushion in the bank can absorb the cost of waiting to be paid, small and medium sized businesses cannot. This can jeopardize a company's ability to meet existing payment obligations, or worse, prevent it from capitalizing on new opportunities.
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Ryanair Swoops On Aer Lingus (Forbes)
The Irish airline has made a second bid for the company, and this time the odds are in its favor.
Mon, 01 Dec 2008 16:35:09 GMT
SMEs scouting for ways to remain in business (China Daily)
Even as the scene appears a bit scary, there is still a ray of hope if only entrepreneurs note the writing on the wall and go all out to cut costs before they raise the clamor for a bailout.
Mon, 01 Dec 2008 01:30:05 GMT
Brazil Fast Food Announces Third Quarter 2008 Results (Business Wire via Yahoo! Finance)
RIO DE JANEIRO, Brazil----Brazil Fast Food Corp. the third largest fast-food restaurant chain with 635 points of sale, operating under the Bob’s, KFC, Pizza Hut, In Bocca al Lupo Café, and Doggis brands in Brazil, reported financial results for the third quarter ended on September 30, 2008.
Mon, 01 Dec 2008 14:41:00 GMT
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