Financing Your Import Business with Purchase Order Funding Financing Finance Articles | April 2 Authentic David Pastrnak Jersey , 2013 Are you an importer and strggling to pay your suppliers? Is getting a large order both a blessing and a curse? Learn if purchase order funding can help you finance your growing import business.
Running an import export company can be very rewarding and profitable. The US market for Asian imports has been growing at a dizzying speed, allowing many companies to reap the benefits. However, with growth Authentic Brad Marchand Jersey , comes the concern about how to finance it.
The challenge is simple. Most importers must pay their own suppliers immediately when placing an order. However, they are also forced to extend credit to their own customers and wait to be paid until 30, 60 or 90 days after delivery. Few importers can wait that long to recoup their money Authentic Tuukka Rask Jersey , especially since many have multiple orders open at the same time.
Importers that qualify for bank business financing?programs, such as a business loan, can usually take orders until they exhaust their bank financing. Smaller businesses can only take orders until they exhaust the owner?s capital. Either way ? once the owner?s capital or the bank financing is exhausted Authentic Patrice Bergeron Jersey , business stops. But it doesn?t have to. Not if the importer starts using purchase order financing.
Purchase order funding is a great financing alternative, that allows importers to grow past their own (or their banks!) financial limitations. It provides the necessary financing to pay supplier costs, allowing the importer to make the sale and deliver their orders with confidence. A big difference between purchase order funding and conventional financing is that banks look for tangible things (real estate David Pastrnak Jersey , etc.) as collateral. Factoring companies?(who provide po funding), on the other hand, consider your purchase orders from reliable clients to be solid assets that can be leveraged.
Purchase order funding is simple to use and works as follows:
1. You get a large purchase order (or po) from a customer
2. The po financing?company pays your supplier by letter of credit. Your supplier delivers the goods to your client
3. Your client receives the goods and pays for them. The transaction is settled and concluded
As opposed to bank financing Brad Marchand Jersey , purchase order financing is relatively easy to obtain and can be set up in about a week or so. Although rates are very affordable, po financing works best in transactions where the margins are at least 15%.
Be a Better Listener With These Great Questions Self Help Articles | May 8, 2007 Better listening is a skill that will serve you well - professionally and personally. Being a better listener often means asking better questions - and then really hearing the responses. Here are four types of questions to ask when you really want to listen.
At some point we?ve all wished we had listened more carefully (for me it?s at least once per day). And I?m sure you have been speaking at some time and wished the person you were talking to was listening more intently.
It is obvious that more effective listening helps us better understand what is being said. Perhaps less obviously Tuukka Rask Jersey , better listening also helps us hear what isn?t being said ? helping us get the meaning behind someone?s words.
Perhaps most importantly, listening effectively is one of the best ways to build relationships with others. Paying close attention and seeking to understand what someone is saying matters deeply to the other person. It shows our respect and caring for both the person and their message, and it is an incredibly supportive behavior.
While some people may think of listening as a passive process (?just shut up and listen?) Patrice Bergeron Jersey , the best listeners know they must be actively engaged to listen most effectively. One of the best things we can do to be better listeners is to ask better questions.
Reasons Great Listeners Ask Questions
There are specific purposes for the questions asked when trying to listen more successfully. They fall into four basic categories:
? -Questions to confirm understanding
? -Questions to learn more
? -Questions to understand meaning or feelings
? -Questions to encourage and show support
This short bullet list itself is helpful because if you keep these purposes in mind, you will be able to formulate a good listening question at the appropriate time.
So, you may be wondering Cheap Boston Bruins Jerseys , what is a really good listening question? The rest of this article provides you with specific questions that you can use to become a better listener.
Questions to confirm understanding
? -So what you are saying is . . .(fill in the blank). . . is that correct?
? -How did you come to your decision?
? -What factors were most important?
Questions to learn more
? -Can you explain that further?
? -Can you say more about that?
? -Can you help me understand?
? -Can you elaborate on that?
Note ? Adding ?please? to these questions is a great idea!
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