As a small or medium-sized business owner, you know that cash flow is the lifeblood of your business. Without it, your company cannot survive. You need to have money coming in regularly to pay your bills, and your employees and to invest in your business. But what happens when you have unpaid invoices? Waiting for…
Factoring has been around for a long time, but many people are still unsure about its legality. We are often asked at JOBE Services, Inc., “Is factoring legal?” We are happy to answer this question with facts and dispel any false notions. What is Factoring? Factoring is the process of selling accounts receivable or outstanding…
As the temperatures rise and people flock to the beach or their backyard pools, it’s not uncommon for service businesses to notice a dip in their sales. This phenomenon, commonly known as the summer slump, can be frustrating for business owners who rely on a steady stream of revenue to keep their doors open. What…
According to a recent article in Forbes Advisor, one in five new businesses fail within the first year and about 50% fail by year five. Another sad but interesting fact from this article is that the second most common reason new businesses fail is running out of capital. Financial Challenges for Texas Startups Even more interesting facts…
With heightened concerns for health and sanitation after the COVID-19 pandemic, commercial cleaning businesses are seeing increased opportunities for expansion and profitability. But with these opportunities also come significant challenges. Managing them well can be the difference between success and bankruptcy. Where Do Texas Commercial Cleaning Companies Struggle? As the commercial cleaning industry grows, more companies are opening…
Regular ebbs and flows of the cash in your Texas small business is normal – but when cash ebbs more than it flows, you need a solution to help regulate your income and outflow. Enter Invoice Factoring from JOBE Services, Inc. How Can Factoring Regulate My Business’ Cash Flow? Factoring is simply a financial tool…
While the principles of factoring are certainly not new, as some rules for it were set forth as early as 1754 B.C. in the Code of Hammurabi in ancient Mesopotamia, many business owners are still confused about it. Many shy away from using factoring out of ignorance – they simply don’t know enough about it…
The primary reason over half of all small businesses fail within the first five years is debt. Actually, the main reason is a failure to maintain an adequate cash flow – which drives them to seek quick loans from high-interest companies that thrive on the misfortune of others. Safeguard your Texas small business from high-interest…
Factoring to Solve Machine Shop Woes Recent assaults on the oil & gas industry have made this portion of the energy landscape uncertain. Climate concerns, politics, government intervention and ineptitude and more make oil & gas companies, and the businesses that serve them, worry about the future. Local machine shops across Texas that serve the…
Small to medium-sized business owners often face cashflow concerns when payables are due. Avoiding late payments, surcharges, interest and maintaining strong business relationships is critical to business growth. However, as an owner, your customers may not have the same attitude toward paying on time. Late paying receivables impact your ability to meet your obligations, and…
