Invoice Factoring Advice

Credit card processors are often insisting upon cash reserves from small businesses, hurting cash flow management.

Credit card processors are often insisting upon cash reserves from small businesses, hurting cash flow management.

How would that affect you? BusinessWeek is calling this tactic a “brutal cash squeeze,” one that can dramatically harm even well-established companies. The article quotes the CEO of Angie’s List, Bill Oesterle, whose credit card processor wanted a new reserve of a whopping $2.5 million. “In two […]

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Many temp staffing agencies struggle with cash flow management, which can cause significant problems.

Many temp staffing agencies struggle with cash flow management, which can cause significant problems.

What cash flow plan do you have in place? According to a February 23, 2009 fact sheet by American Staffing Association, temp staffing firms placed 2.66 million workers every single day during 2008, with a total of 11.2 million temporary and contract workers employed in the United […]

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In 2009, 1/3 of small businesses admitted to financial worries, including cash flow management problems when credit card limits were lowered.

In 2009, 1/3 of small businesses admitted to financial worries, including cash flow management problems when credit card limits were lowered.

According to a report released by the National Small Business Association in January 2009, 1/3 of small businesses have concerns about the ongoing viability of their businesses. This report also indicates that 28% of them experienced decreases on their lines of credit/credit cards; if the business owners […]

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Wondering about the importance of cash flow management? You won’t after reading “The Effects of the Current Bank Collapse” in Services.

Wondering about the importance of cash flow management? You won't after reading "The Effects of the Current Bank Collapse" in Services.

On page 12 of the December 2008 issue of Services, the magazine that goes to members of the Cleaning, Maintenance, Facilities and Building Services Contractors Association, one writer comes to this conclusion: “volume is vanity, profit is sanity and free cash flow is salvation.” Hard to argue […]

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Temp staffing employees are working in more and more occupations.

Temp staffing employees are working in more and more occupations.

How will you free up cash flow management to expand industries you serve? According to the American Staffing Association, temporary workers are being placed in occupations ranging from day laborers to company CEOs. Because of this growing diversity, the temp services industry is also growing. In 2001, […]

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Companies hire more temporary workers during uncertain economies.

Companies hire more temporary workers during uncertain economies.

Does your staffing business have a cash flow management plan in place? According to John Reed, senior vice president for Robert Half International in Dallas, companies control costs (salaries, benefits, training and retention) when nervous about the economy by hiring more temp workers. What if your temporary […]

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Business orders jumped in the Midwest this month.

Business orders jumped in the Midwest this month.

What is your cash flow management plan when your orders unexpectedly skyrocket? In August 2008, the Institute for Supply Management – Chicago business barometer increased to 57.9 from 50.8 in July; economists had predicted that the index would only reach 50.0 in August. These figures highlight how […]

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“Ohio’s economy is built upon a legacy of strength in manufacturing and innovative thinking.”

“Ohio's economy is built upon a legacy of strength in manufacturing and innovative thinking.”

Ohio is an excellent home for the successful entrepreneur! According to IBMag.com, “Ohio ranks best in the Midwest and among the top ten states in the nation in SITE Selection’s annual state business climate analysis.” Reasons for Ohio’s success include: A supportive business environment An educated, talented […]

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Check out our no hidden fees invoice factoring challenge and never pay hidden fees again.

Check out our no hidden fees invoice factoring challenge and never pay hidden fees again.

At MP Star Financial, we’ve created a “no hidden fees” challenge and I wanted to share the specifics with you. Here it is: “Send us your current contract or proposal from another factoring company and we will show you the hidden fees and save you money. If […]

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Announcing the no hidden fees invoice factoring challenge: compare a competitor’s quote with your MP Star Financial quote today and save.

Announcing the no hidden fees invoice factoring challenge: compare a competitor’s quote with your MP Star Financial quote today and save.

You want the absolute best invoice factoring quote for your business – and so it’s important that you choose the factoring company that has no hidden fees. Before you start factoring receivables, bring a quote and contract from any competitor into MP Star Financial and discover how […]

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