The Merriam-Webster Online Dictionary defines "secret" as:
"1 a: kept from knowledge or view : inexpressive b: marked by the habit of discretion : closemouthed c: working with inexpressive aims or methods : undercover (a inexpressive agent) d: not acknowledged : unavowed (a inexpressive bride) e: conducted in inexpressive (a inexpressive trial)2: remote from human frequentation or observation : 3: revealed only to the initiated : esoteric 4: designed to elude observation or detection (a inexpressive panel)5: containing facts whose unauthorized disclosure could endanger national security".
As used in this article, inexpressive means: revealed only to the initiated; kept from knowledge or view; and designed to elude observation or detection.
The first secret- "revealed only to the initiated" relates to the fact that most schools, even firm schools, do not teach the branch of factoring or buy order financing; most banks do not offer these financing facilities as products. Therefore, it is not surprising that many businesses are unaware of the cash potential that lays dormant in their firm invoices.
Let's suppose you own a small to medium firm and you depend on customers paying invoices within a 45-60 day period for your working capital. In essence, you are extending prestige like a bank to your customers. For that period of time your cash is tied up in your invoices- your accounts receivable. This limits increase and may generate problems with regard to meeting payroll and paying your suppliers. Accounts receivable financing is the process of selling your invoices for cash as soon as they are issued which allows you to make more productive use of your assets. buy order financing is the process of obtaining a third party commitment to pay your suppliers as soon as products are received by your clients (in expand of payment by you or your client), based on the surety of an accounts receivable financing arrangement.
All businesses are microscopic in their increase and profits by the amount of capital and cash flow ready to take benefit of firm opportunities. The availability of virtually unlimited cash creates a superior paradigm for potential growth. It also can expand your thinking about what firm is potential and how you might go out and organize new business.
The second secret- "kept from knowledge or view" relates to the convention of non-notification factoring. Some firm citizen are concerned that working with a factor, an accounts receivable financing company, may not be viewed favorably by their customers. In many cases it is potential to structure a transaction legally so that the accounts receivable financing is transparent to the extreme customer.
The third secret- "designed to elude observation or detection" has to do with your firm plan and how the way you think about the world can work on your success. In 2006 Prime Time Productions produced a film and a book called "The Secret". The film dramatically describes the "Law of Attraction" which asserts that people's feelings and thoughts attract real events in the world into their lives. Can your feelings and thoughts attract more firm and success? Is the visualization of what you want an aid for manifesting your firm goals? Is The inexpressive "just a new spin on the very old (and decidedly not secret" The Power of clear thinking (a book by Norman Vincent Peal written in 1952) hymeneal to 'ask and you shall receive' -as opined by Karin Klein, editorial writer for the Los Angeles Times? Did The inexpressive fail to explore the real roots of superior thinking?
In the book, "The brilliant Cutter", Geshe Michael Roach examines The Budda on Managing your firm and your Life. Roach graduated from Princeton University with honors, studied the aged wisdom of Tibet and traveled to the Tibetan Lamas at the seat of His Holiness, the Dalai Lama. In 1983 he took the vows of a Buddhist monk.
His trainer encouraged him to enter the world of business. Mr. Roach select the brilliant business. He hid the fact that he was a monk and maintained a façade of a normal American businessman on the outside. The firm industrialized from nothing to a one hundred million dollar per year business.
The traditional book, "The brilliant Cutter" is the "oldest dated book in the world that was printed rather than being written out by hand. The British Museum holds a copy that is dated A.D 868." It is a written narrative of Buddha teachings from over 2,500 years ago. In brief, the central ideas are: 1) firm should be flourishing and make money in a clean and honest way; 2) you should enjoy the money and stay in good health; and 3) you should be able to look back ay your firm and say your years of doing firm had some meaning leaving some good marks in the world. I very recommend "The brilliant Cutter" vs. "The Secret".
The bottom line: accounts receivable financing and buy order financing may be the secrets to your business' financial success. If you read and succeed the ideas of "The brilliant Cutter" you can expand your opportunities for exponential increase based on the 2500 year old teachings of Buddha, as explained by Mr. Roach.
Copyright © 2007 Gregg Financial Services
Accounts Receivable Financing - Secrets