Entrepreneur Soundoff!
Your first source for UNvarnished, politically-INcorrect information about how to launch a startup and manage a profitable small business!
Podcast host, Randal Wimmer, is a serial entrepreneur who has stepped on EVERY landmine in the startup minefield, at least once and some of them more times than he cares to admit! However, these hard-learned lessons were instrumental to his success.
Randal's companies have made hundreds of millions of dollars in revenue, been listed on both the INC 500 Fastest Growing Companies List and the Washington Tech Fast 50 List on multiple occassions, and culminated in successful market exits. Randal is also the author of the Amazon Bestselling book, GOOD ENOUGH! To Launch Your Company. (Author website: RandalWimmer.com )
Presently, Randal is helping aspiring entrepreneurs launch successful companies. He helps people avoid the "franchise trap" by providing entrepreneurs with franchising alternatives with all the benefits of a franchise and none of the royalties, constraints, and hassle. ( ReadyforRevenue.com ) He helps GovCon companies rapidly grow in the FedGov contracting space. ( GovernmentContractingAcademy.com ) Plus, he helps startups and small businesses obtain the corporate credentials to achieve market penetration and rapidly grow. (ISOCertificationGroup.com )
Entrepreneur Soundoff!
32-Factoring...It Could Be a Necessary Evil!
Bottom Line Upfront: Factoring is very similar to "white collar loan-sharking!" In a factoring arrangement, you are selling your unpaid (approved) invoices to a third party who buys them for less than their dollar amount. The good news is that you get your money faster than waiting for the government to pay you, so you can do vitally important things like "make payroll." The bad news is that factoring arrangements are usually worse than a moderately bad credit card! Knowing how to avoid factoring landmines can save you a bunch of money because many rapidly growing small businesses are forced to enter factoring arrangements to overcome growing pains.
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To get on the fast track to government contracting success, visit our website at:
https://governmentcontractingacademy.com/
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