Here’s a particularly engaging piece from Entrepreneur. It’s called 21 Ways to Quickly Fund Your Business.
In it, business scaling strategy specialist, Leslie Hassler gives us some great suggestions on finding capital to scale your business. Here’s a thought-provoking one:
A quick way to generate more cash is to follow up on your unpaid invoices. Although you can sell your account receivables to a collection firm (where you’ll only get a fraction of the value), a better option can be putting a strategy in place that promotes prompt and quick payment. This gets your clients excited to pay early instead of having to hunt them down to pay their invoices, which opens up your cash flow.Leslie Hassler
Hassler gives us a lot of options in this one so do give the rest of it a read. Just click on this link to Entrepreneur.com to gain access to the full piece.