Prairie Business Credit July Newsletter

www.prairiebiz.com

Advantages of Factoring

• Immediate Cash to Make New Sales
• Better Quality Sales
• Better Cash Flow Management
• No Loss of Equity or Control
• Better Supplier Discounts
• Improved Credit Rating
• Reduced Bad Debt
• Better Credit Terms from Vendors
• Cost Savings on Collections and Administration
• Improved Records and Invoicing
  

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July's Feature

The Hard Lesson This BBQ Entrepreneur Learned When He Sold Out to a Corporate Backer

"If you sell your business, you are no longer in control, regardless of what the buyer promises or implies. So the question you must answer is what is it you really want from your business. Do you want the activity, the accomplishments on your own terms, the pride of ownership because of the good reputation that your customers and vendors associate with you, or do you just want the money to do something else other than be involved in the business you built. It really is a binary choice. It's a simple but hard truth: if you sell, it's not yours anymore."

- Trevor Morgan, Founder & CEO, Prairie Business Credit