TRUST ME — this task will go so much faster with the right tool. Close up the pudding shots with the lids and pop them in the freezer. Wait — can you freeze pudding shots? YES! Because these are pudding shots with alcohol (and a LOT of it, LOL),...
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And trade payables are not a source of funds or float since there are virtually none. Her greatest single "raw material" cost is labor, and experience tells us that workers like to be paid on time and in a routine manner. So let's explore the sources of funds that private businesses can use to leverage growth in the 21 st century. Alternative Financing Sources for Private Businesses 1) Leverage what you can from physical assets. Take advantage of same-as-cash offers and extended terms. With record loan interest rates, leverage what you can. Be certain to pay within the terms but don't be in a hurry to pay these items off. 2) Take control of your billing options. For organizations who do project-based work (that may require a number of months to complete), ask the client for initial deposits and progress billing options. Determine project scope, duration, and value, then establish completion metrics to drive progress payments. 3) Consider incentivizing payment from clients. If you have trouble collecting invoices after project completion, try implementing a late payment penalty, rather than an early payment discount.
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