Business On Moon

The only thing more destructive to business survival than lack of customers is lack of cash flow to produce goods and provide services in a high demand market. Consistent cash flow is the lifeblood of commerce and the catalyst for healthy economies. There are many options available to increase cash flow.

Factoring, also known as invoice factoring or accounts receivables factoring is one of the oldest alternatives for continuing cash flow. Factors, third parties to the transaction between the seller and the buyer, purchase invoices and accounts receivables at a discount. This process allows companies to easily cover production purchases, payroll and other operational expenses without any interruption in their business.

Elements of factoring can be traced back to the Mesopotamians, who are credited with being the cradle of civilization and the first to generate business code structures and government regulations for commerce. Experts have evidence that proves 4,000 years ago, the Mesopotamians also created the concept of factoring. Following Mesopotamia, there is evidence that the Romans sold promissory notes at discounted prices. Roman merchants also enlisted the services of collectors to settle trade debts. But factoring as we know it today got its start in the Middle Ages.

Jews, fleeing persecution in Spain in the 1300s and1400s, fled to Italy. In Italy, Jews were not allowed to hold land, but were still given the opportunity to engage in the local commerce in grain crops. Jews, who were not bound by the local Christian laws of usury, charging a fee to use money, gave high-risk loans to farmers against the crops in their fields. Originally, they purchased the grain sale rights against the coming harvest. As in any venture, where there is profitability, there is expansion. These early merchant bankers began to advance money against the delivery and payment of grain shipped abroad and to distant trading ports. Soon, the profitability of this endeavor opened the floodgates to a new segment of society and created a new industry within the trade industry of merchants who solely bought and traded grain debt instead of the actually grain itself.

By the time English colonists settled in the new world, America, this type of financing had become common. Both English settlers in the new world and English merchants were in prime situations to make lots of money. Due to the time distance in getting their goods, by boat, from the colonies back to England and vice versa, these merchants could have gone bankrupt waiting on their money. Cotton, timber, fur and tobacco industries all spurned their own factoring segments. Merchant bankers in London advanced funds to colonists for goods and materials before they made the journey across the ocean. They would ship their goods to the colonists or back to England where one of these factors would pay a discounted rate to the seller before the voyage and afterwards take a percentage for selling and collecting the money owed.

Factoring became a common business practice. Until the 1700s, England and the US shared a common law framework. Originally, English law forbade the selling of invoices unless the debtor was notified in advance. Of course, the United States developed its own government. In the late 1940s United States almost wholly adopted non-notification factoring arrangements and witnessed a boom in factoring in textile industries and transportation industries.

Another type of factoring exploded on the seen with the introduction of credit cards. A credit card is a form of factoring where the credit card company advances the retailer and the service provider the cash before the individual actually pays for the invoice. The retailer and service provider are charged a small fee, but they are spared the hassles of financing the individual on their own and having to wait for that person to pay for their service or product.

Today, the purpose of invoice factoring has not changed. Factoring allows the business owner to operate his day-to-day business without the consequences of cash flow interruption. Factors purchase commercial accounts receivables or invoices from a business at a discount giving the company the opportunity to use and invest that cash right away,

Thomas McCarthy has designed, developed & implemented financial systems for many years. Thomas was a Factoring customer for over 7 years Download our FREE EBook "Growing Your Company Without Debt" learn how Invoice Factoring may be right for your company at: http://www.dfsfactoring.com

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# posted by David @ 2:33 AM 0 Comments

Christmas should be a time to relax and reflect.It's an opportunity to step back from the pressures and stresses of modern life and enjoy some time away from work.Because more people are working longer hours, taking less holiday time and rarely taking adequate breaks throughout the rest of the year, Christmas has become the only real time that some people get to unwind and do something completely different.With this in mind many people are choosing to spend the break at a hotel.

Most venue reviews now include details of Christmas menus and facilities because the market for Christmas weekend or short breaks has increased so much in recent years.People, especially working professionals, are looking to get away from the day to day grind of work without having to do housework, cooking, cleaning and the other domestic chores that they inevitably get drawn into when spending time at home.

There are plenty of options when considering a Christmas break.Most hotels and venues that operate all year round have now seen how lucrative the market is around Christmas breaks and have acted accordingly.So now you can not only go for a meal, you can take part in themed weekends, outdoor pursuits be entertained at concerts and live events or simply have a relaxing spa or health break.

Here are three Christmas venue reviews to illustrate what is available if you're considering a break this Christmas.

Charing Cross Hotel, London - The Charing Cross Hotel screams style and sophistication.A recent refurbishment has added to the sense of glamour without taking away the feeling that you are somewhere steeped in history.The individualism that makes a place special in the minds of visitors is also still present with architectural features still present and liveried staff on hand to meet and greet you.

The whole hotel has a grandness to it that is so often missing with modern buildings and its location next to the station reminds you that many famous and important people have crossed its threshold and stayed in its rooms.The restaurant and bar have views across the Strand towards Trafalgar Square which provides a perfect backdrop to a relaxing Christmas break.

Coombe Abbey, Nr Coventry - Coombe Abbey is steeped in history.This former 12th century Cistercian Abbey has been lovingly restored while at the same time adding all the modern features and facilities that you'd expect from a venue.Set in 500 acres of parkland the location is perfect for a winter walk through forests and beautifully kept gardens.

All year round the venue is host to exciting and innovative entertainment.There are regular themed banquets and even murder weekends.The Christmas Carol event has become a regular and very special feature in the calendar.The rooms have a royal grandeur to them and this sense of importance and splendor is reflected in the hotel menu.Coombe Abbey is also ideally located in the heart of Warwickshire and places like Stratford upon Avon and Warwick Castle are both nearby.

The Met, Leeds - Located in the heart of a revitalized and vibrant Leeds City centre, The Met is one of the best hotels in Yorkshire.After a six million pound refurbishment the grade II listed building has been transformed into a top class hotel with modern facilities and offers a top class dining experience to visitors.The new Tempus Bar at the hotel is an ideal place to relax and celebrate Christmas with a glass of something sparkling.

Dominic Donaldson is an expert in the hotel industry.

Find out more about venue reviews and hotels.

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# posted by David @ 4:41 PM 0 Comments