How to Run a Small Factoring Business (The Small Factor Series Book 3)

see where a client works and/or lives, you quickly get a feel for his personality, the kind of business he runs, his strengths and weaknesses as a business person, perhaps his family demands and many other worthwhile facts.

When you join IFA, get all the information you can about how to take advantage of these discounts.

If you ever have the opportunity to hear Bob Zadek speak you should do so, regardless of the size of your factoring operation. And if you are thinking about graduating to larger clients and receivables at some time in the future, his seminars and legal documents are well worth every penny you pay for them.

1. The International Factoring Association has a job board on its website, www.factoring.org

Make certain your address appears prominently on the invoice as the “Remit to” address. This is discussed further in the chapter, “Record

FactorFox Software. Those using FactorFox to track their receivables have a built-in connection

This is called a “check conversion penalty” or “misappropriated funds penalty.” Experienced factors do this for a good reason: it works.

A helpful web page is provided by Capitol Services at www.capitolservices.com. On that site, click the Resources link, then the link named Links to State Websites. There you select any state from the dropdown field to go to that Secretary of State’s website’s UCC information.

To find a local LeTip or BNI group go to their websites at www.letip.com and www.bni.com. You