Fundamentals for Factors
This book is for those interested in learning about factoring as a means of investing funds and/or starting a factoring business, either part-time or full-time.
In introduces the concept of factoring, describes how it works and whom it benefits, gives tips and suggestions as to which industries to factor and which to avoid, provides numerous risk management strategies, and helps readers determine if investing in business receivables is a good fit for their circumstances and lifestyle.
The Story Behind This Book
My books are written to help those entering the industry get it right the first time. Factoring offers business funding to vast numbers of small business owners who often have never heard of it and who are unable to obtain other financing. I want readers avoid mistakes most small factors make. These books help entrepreneurial investors recognize the risks in factoring, and provide common sense practices to minimize risk and maximize profits. They also introduce factoring to small business owners who will benefit from this alternative financing, instead of just trying to obtain (often unsuccessfully) ordinary bank loans. Fundamentals for Factors not only provides basic information about what factoring is and how it works; its purpose is to enable the reader to make an informed decision as to whether becoming a factor is a good choice for his/her life.