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Some Thoughts - Leadership and Values
I took a course in social deviance several years ago. What this course helped me understand is that societies and cultures have their own definitions of values and they exist on a continuum. Anything outside the boarders of the continuum is deviant. In relation to values, both ultral

o get your freight bills paid. With factoring, you get your freight bills paid in about 2 days. That gives you the cash you need to pay drivers and meet other business expenses.

Factoring is flexible and grows with your company. As opposed to having ar

How To Realistically Set Your Fees - Part 1
Calculating Billable Hours Myth Vs. Reality We all know there are 52 weeks in a year and 40 working hours in a week. Therefore, we can bill 2080 hours per year, right. Wrong. Too often this is the trap that many new service businesses fall into. The first step in calc

Owing a freight brokerage business can be very rewarding and profitable. But as a freight broker, you know that your business is very cash intensive. Your drivers depend on you to be paid on time. However, clients can take up to 60 days to pay for their loads.

So you end up caught in the middle. Caught between drivers that need cash now and clients that want to pay slowly. The math does not work. And unless you have a nice cash cushion in the bank, something has to give.

Trying to get a business loan won’t help. Banks only give business loans to companies that have a great history and solid track record. But what if your track record isn’t great or if you are a startup? What if you have no history but have a great future potential? If that is your situation, your financing will need to come from another source- a factoring company.

Factoring companies are experts at financing businesses with little past history but great future prospects. Basically, the factor eliminates the 30 to 60 days it takes to get your freight bills paid. With factoring, you get your freight bills paid in about 2 days. That gives you the cash you need to pay drivers and meet other business expenses.

Factoring is flexible and grows with your company. As opposed to having ar

Using 360° Feedback Surveys to Identify Training and Development Needs
A 360° feedback survey is a tool used by an organisation to evaluate an employee’s performance and development needs. It is aimed at providing individuals and groups with information regarding their strengths and development or training needs. Feedback is gathered from an employee’s

Factoring is flexible and grows with your company. As opposed to having ar

Define Your Difference To Stand Out and Make Your Business Shine Above The Competition
Thoughtfully defining your business – and your differentiation - will help you to understand who you are, what you do, and what makes you different. Not many small businesses take the time to answer those core questions about their business, but those answers are essential to c

n won’t help. Banks only give business loans to companies that have a great history and solid track record. But what if your track record isn’t great or if you are a startup? What if you have no history but have a great future potential? If that is your situation, your financing will need to come from another source- a factoring company.

Factoring is flexible and grows with your company. As opposed to having ar

The Boy Who Cried Wolf Redux
You've probably heard the story of the Boy Who Cried Wolf.The problem is that the child was looking for attention and thought it would be fun to scream at the top of his lungs that a wolf was nearby. Each time he did, the entire town came running to his rescue!It worked

ation, your financing will need to come from another source- a factoring company.

Factoring is flexible and grows with your company. As opposed to having ar

The History of Barcodes
Wallace Flint was the first person to suggest an automated checkout system in 1932. But the history of modern barcode begun only in 1948, when Bernard Silver, a graduate student of Drexel Institute of Technology in Philadelphia, asked his friend Norman Woodland to develop a system to

o get your freight bills paid. With factoring, you get your freight bills paid in about 2 days. That gives you the cash you need to pay drivers and meet other business expenses.

Factoring is flexible and grows with your company. As opposed to having arbitrary limits like business loans or lines of credit, factoring limits are driven by your sales. The more you sell, the more financing you qualify for.

Here is how factoring works:

1. You submit a copy of your freight bills to the factoring company

2. The factor advances you between 90% to 98% of your freight bills (sometimes they hold a small reserve)

3. Your get immediate use of the funds. The factor waits to get paid.

4. If the factor held a reserve, the reserve is rebated as soon as your customer pays the freight bill

Factoring costs are driven by three variables: a) monthly financed volume, b) your customer credit worthiness and, c) how long the freight bill goes unpaid. As a rule of thumb, rates go between 1.6% to 3% per month, depending on these variables.

Factoring freight brokers is a specialty type of factoring and not all factoring companies offer it. However, those that do will help you succeed beyond your expectations.

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If you're planning to start a company in Australia, here's an overview of the steps involved in getting your company registered with the appropriate government bodies.

There are some people who begin work not as a permanent employee but rather as a temp. Whatever the case may be, being a temp does not end at just a temporary position, but can lead to a permanent position so long as the time and effort into the job is put forth and noticeable. Here are a couple of tips to help transition from a temporary position to a permanent position.

Attitude is everything. Being successful as an entrepreneur depends on having the right attitude: the entrepreneurial mindset. But what exactly is it, and how do you know if you have it? Read more to find out.

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