By Lou Wallace
The magic of turning the calendar page brings new inspiration to everyone. Reflection on the past year turns to focus to the New Year. At the top of everyone’s list of questions for 2009 “How can I grow my business?”
Consider offering extended terms to attract new business. Encourage your favorite customer to place a larger order than normal and offer extended payment terms. When companies utilize Factoring extending longer payment terms they can offset the expense by taking prompt payment discounts from vendors.
Make use of a lull in business as an opportunity to follow up with customers to make sure you are providing the best possible product or service. When speaking with your customers look for new opportunities with your existing customers.
Evaluate the company operations and expenses to determine where improvement can take place. Is there another product or service you can add to company that would compliment your existing products or services? Speak with your vendors about current pricing on supplies.
Many companies have lowered prices to attract and keep customers. Negotiating lower production costs may allow you to offer lower prices to your customers and create more sales.
Service equipment that is normally too busy to be down for maintenance. Determine if this could be a good time to replace equipment that is aging with a more efficient new model. Our current economy may provide for attractive pricing.
Performance Funding Group, LLC offers a wide variety of financing tools to assist companies with their cash flow requirements. Factoring, Accounts Receivable lines of credit, Inventory or Purchase Order financing are just a few of the credit lines available.
Performance Funding Group, LLC is a locally owned and privately funded asset based lender who has been providing several different loan products since 1997. Lou Wallace has been working in commercial loans since 1971. Lou Wallace can be reached at 602-912-0200. www.performancefunding.com
Related posts: