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With the announcement that the Fed is holding rates steady but hoping to lower them later in the year, small business owners may be wondering how the federal funds rate impacts them. In this article, we overview how high and low interest rates impact small business owners and what they can do to improve cash flow and reduce financial risk during periods of high interest rates. #InterestRate #Economy #FOMC #FederalReserve #Inflation #B2BFinancing Read the article -> https://lnkd.in/gnQU3jmk

By now, you're probably familiar with certain groundbreaking AI-powered tools such as ChatGPT and Bing AI's Image Creator. But these features actually provide only a glimpse into what the future of AI and its capabilities might look like.   According to IBM, 44% of companies are in the process of making serious investments in AI. If you haven't begun considering the impacts AI could have on your business efforts—whether those impacts are positive or negative—it's time to start.   For the staffing industry in particular, artificial intelligence has already alleviated many formerly time-consuming tasks, such as chatbots and virtual assistants aiding in scheduling candidate interviews. But there's a lot more to come, and it will ultimately be up to you in terms of how much AI influences and streamlines your day-to-day tasks. Read more about AI's impact in the staffing industry here: https://lnkd.in/e34wgt5S #staffing #artificialintelligence #ai

It's true that it's a great time to be in staffing. The industry has quickly recovered from the pandemic with growth reaching a record-high in 2022, per the AtWork Group. But if you're thinking of starting a staffing business, know that the industry growth won't bring clients to your doorstep by default. You'll have to be tactical in how to go about finding clients. Because winning clients is one of the most important factors for any new business owner, it's important to stay one step ahead and devise your strategy to land your first contracts. Find out more about how to find clients for your staffing agency here ➡ https://lnkd.in/eBaNFvwd #staffing #smb #newbusiness

Small business owners deal with many of the same challenges, no matter the industry. The cash advance you receive from factoring helps solve these omnipresent obstacles. For instance, those utilizing factoring commonly say that not having to stress about making payroll on time is the heaviest weight off their shoulders thanks to the advance provided by a factor like altLINE. Click here to find out more about why small business owners choose to factor their invoices: https://lnkd.in/eCZ_e_vD #invoicefactoring #alternativefinancing #smb

More and more businesses are beginning to take advantage of the benefits that factoring provides. But still, many small business owners remain entirely unfamiliar with invoice factoring, not realizing that their companies are perfect fits for this financing method. Don't quite know how invoice factoring works? Find out below ⬇ https://lnkd.in/gDiBMHVT #smb #invoicefactoring #alternativefinancing

It should come as no surprise to most SMB owners that late customer payments are one of the most detrimental factors in slowing down cash flow. While factoring your invoices is a great way to improve cash flow, another way to potentially alleviate this issue is by implementing early payment discounts in contracts with business partners. Doing so encourages paying on time, plus it can enhance your working relationships. Read more about early payment discounts below ⬇ https://lnkd.in/e3tCPjdi #smb #cashflow #paymentsolutions

A recent Monotype study showed that trust is the most important factor for consumers who are searching for the right financial institution. This isn't a huge surprise, as a potential partner's trustworthiness is vital in any healthy working relationship. However, how do consumers build trust with a financial institution, and how does a financial institution build trust with a potential client? The answer is honest communication. For a consumer looking for a bank, or more specifically, a small business owner looking for a lender, all parties can build trust by asking the right questions and providing honest answers. At altLINE, we understand that working in unison with clients requires both of these factors: communication and trust. If you have any questions about whether your business is a good fit for invoice factoring or any of our other services, feel free to reach out to Chas Justice at (205) 576-7428, or click here to learn more about B2B factoring: https://lnkd.in/gmkeW77X #smallbusinessowners #invoicefactoring #communicationiskey

A recent comprehensive study of the accounts receivable financing market showed that the market is set for huge growth by 2030. Per the A2Z Market Research report, the industry is expected to grow at a +8% CAGR (Compound Annual Growth Rate) during the forecast period 2023-2030. The driving factor behind this expansion was shown to be the increasing interest of the people and businesses currently in the industry. The study on AR financing included research on historical data, along with size, share, and projections for the product categories, geographies, and major players within the industry. AR financing, along with invoice factoring, are aimed to help small business owners reach their business goals by improving cash flow. If you're unsure whether alternative financing is right for you, click here to learn more: https://lnkd.in/eGMHrEzh #invoicefinancing #financingsolutions #smb