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Articles from Stan Prokop | Selfgrowth.com
- Pulling The Trigger Successfully On New And Resale Franchise Financing Costs in Canada . Buying And Finance Tips - by Submitted on Mar 28, 2012 from Stan ProkopBuying a new or resale franchise in Canada? Let's try and show you how you can in effect ' pull the trigger ' successfully on franchise financing those costs. We read recently that a franchisee/ franchisor relationship is not unlike a marriage between you and the franchise firm that you have ...
Views: 679 - Don’t Make These Mistakes In Financing Franchise Opportunities In Canada . A Franchising Loan Must Make Sense – Here’s Why. - by Submitted on Mar 28, 2012 from Stan ProkopFinancing franchise opportunities in Canada. That brings to mind one of our favorite old expressions - ' tuition is very high in the school of experience'! That's why when we talk to clients about franchisee loan financing in Canada we're often cautioning against what can go wrong as much as ...
Views: 546 - Warning ! Not Using AR Finance Could Be Hazardous To Business Health . Receivable Financing Via Factor Funding in Canada - by Submitted on Mar 28, 2012 from Stan ProkopAR (A/R) Finance is one method that Canadian business owners use to ensure they have the optimum level of accounts receivable and cash flow. It doesn't take long for Canadian business to realize that their receivables are in effect their funds that are sitting in someone else’s bank. And ...
Views: 601 - Recognize These Business Finance Problems and Financing Challenges? - by Submitted on Mar 28, 2012 from Stan ProkopBusiness finance problems. Got the ability to spot financing challenges when it comes to the immediate and longer term issues that face your firm in the Canadian business environment? We have always felt that some positive proactive techniques and information can go a long way to your health... ...
Views: 696 - Early Warning Signs You Need A Canadian ABL Asset Based Finance Facility Line Of Credit - by Submitted on Mar 28, 2012 from Stan ProkopAs a business owner or financial manager you want to be able to ensure that a business line of credit has the ability to assist your firm before, during and after serious financial challenges occur. That's where the ABL asset based finance facility comes in. In a perfect world (we know it's ...
Views: 815 - Here’s One Method To Increase Liquidity . A Canadian ABL Asset Based Finance Co Solution - by Submitted on Mar 28, 2012 from Stan ProkopBusiness liquidity. We were watching a U.S. bank TV commercial the other day and they were talking about ' accelerating cash flow '. Many but not all Canadian business owners and managers are aware that the Canadian banking system is dramatically different from the U.S. one. Hundreds of U.S. ...
Views: 705 - Exploit Your Business Cash Flow Problem ! Financing Your Balance Sheet - by Submitted on Mar 13, 2012 from Stan ProkopYour business cash flow problem. A lot of times it can be avoided and or fixed by examining your balance sheet and implementing solutions either traditional or alternative that address that problem and challenge. Canadian business owners and financial managers have a tendency to always look ...
Views: 759 - Dealing With An Equipment Lease Company Seem Like The Occult Of Capital To You? Financial Leasing Is Common Sense. Here’s Why. - by Submitted on Mar 13, 2012 from Stan ProkopNot fully up to speed on how, when and why to deal with an equipment lease company in Canada. Financial leasing doesnt for capital assets your business needs doesn't have to seem like the occult to your company. Let’s establish some common sense ground rules on equipment leasing in Canada. Enter ...
Views: 623 - Does Your Canadian Company Have A Serious Asset Finance Loan Or Leasing Strategy ? You Need One! - by Submitted on Mar 13, 2012 from Stan ProkopAn Asset Finance Leasing and Loan Strategy ? Most Canadian business owners and financial managers realize they can either purchase fixed assets out of equity, or finance those same assets on a long term lease. Business owners need to focus heavily on the use of the asset. Any company that ...
Views: 684 - Is Your Company Properly Exploiting Equipment Lease Financing In Canada ? - by Submitted on Mar 13, 2012 from Stan ProkopWe previously wrote on some of the challenges that Canadian business owners and financial managers face in getting successful lease equipment financing in place for their assets and capital expenditures. The current difficult economic environment makes it more challenging than every for Canadian ...
Views: 638 - You Need More Than A Franchisee Business Plan When Financing a Franchise In Canada ! - by Submitted on Mar 13, 2012 from Stan ProkopPurchasing and financing a franchise in Canada. Of course you do in fact need a franchisee business plan to support that transaction, but it's safe to say you need to cover off a lot of the other basics also. Let's examine how your business plan works within your overall finance strategy to ...
Views: 605 - Don’t Let Your Company Collapse For Lack Of Cash Flow Financing . Canadian AR Finance For Receivables . - by Submitted on Mar 13, 2012 from Stan ProkopAR Finance, i.e. cash flow financing has the ability to save your company when it fact your firm is faced with survival challenges. Let's examine when a receivables strategy works, and what you need to do to facilitate a financing that makes sense. In essence, ' how it works' and ' why ...
Views: 663 - Pain To Power – An ABL Asset Finance Company Can Reverse Your Canadian Business Line Of Credit Challenges - by Submitted on Mar 13, 2012 from Stan ProkopCan an ABL asset based finance company, via a new business line of credit make your transition from financing pain to financing power? We think there is a strong case for that, and here's why. Thousands of companies in Canada find themselves constantly challenge when it comes to ensuring ...
Views: 612 - Cash Flow Financing For Working Capital Solutions. It’s Like A Knife Fight In A Phone Booth Out There! - by Submitted on Mar 05, 2012 from Stan ProkopCash flow financing challenges and working capital solutions for Canadian business. Keeping your firm solvent / liquid can almost seem like a crisis sometime. We were talking to two of our favorite business marketing guru's the other day and one of them made the comment ' it's like a knife fight ...
Views: 770(1 vote) - Canadian Equipment Financing . When And Why To Consider Business Leasing Companies For Funding Your Corporation - by Submitted on Mar 05, 2012 from Stan ProkopEquipment financing in Canada. Let's discuss when... and why you should utilize business leasing companies for Canadian asset finance. The motivations behind equipment leasing in Canada vary by client. The reality is, and many don't look at it this way, is that the motivators are actually ...
Views: 657 - Confessions Of An SBL Government Loans Super Fan . The Canada Small Business Loan - by Submitted on Mar 05, 2012 from Stan ProkopSBL government loans. I guess you could call us a fan, even a super fan. The word fan comes from the root word ' fanatic ‘, denoting an ' enthusiastic devotee. So why is the Canada small business loan the recipient of our full support. Let's try and preach to some of the potential ...
Views: 780 - Making Sound Choices With Your Leasing Finance Company? Canadian Operating And Capital Lease Solutions - by Submitted on Mar 05, 2012 from Stan ProkopThe right leasing finance company. Sounds like a simple choice, right? But the reality is that when it comes to selecting the right capital and operating lease solutions for your firm can you really say you feel 100% prepared. Abe Maslow was a famous U.S. professor, widely published and ...
Views: 559(1 vote) - The 3 Commandments Of The FMV Fair Market Value Operating Lease - Myth VS. Reality In Canadian Finance Leases - by Submitted on Mar 05, 2012 from Stan ProkopThe FMV fair market value operating lease. It's not a bad example of, in our case, the 3 commandments of what this type of leasing finance affords Canadian business owners and finance managers. More about those 3 three later. Leasing is hardly the ' cutting edge ' in Canadian business ...
Views: 634 - Who Else Wants A Franchise Financing Loan ? Franchisee Info On Canadian Franchising Loans - by Submitted on Mar 05, 2012 from Stan ProkopA franchise financing loan. It’s one of two things you need to successfully gain your entry intro entrepreneurship - the other is of course selecting the right franchise and being approved for it! Franchising finance in Canada requires a focused commitment by yourself as a franchisee. It is a ...
Views: 593 - Riddle Me This. Why Is The Cost And Mechanics Of An Accounts Receivable Financing Loan And Receivables Discounting So Misunderstood? - by Submitted on Mar 05, 2012 from Stan ProkopAn accounts receivable financing loan? We think we have just answered our own question on the strategy known as invoice discounting or invoice finance... namely, the part about ' misunderstanding'. Why is that? Simply because technically it's not even a loan... so no debt, no interest paid, ...
Views: 584 - Accounts Receivable Services Conspiracy Theories That Might Be True ! What Is Factoring And What You Need To know In Canada - by Submitted on Mar 05, 2012 from Stan ProkopAccounts receivable services in Canada. We thought it was appropriate perhaps to use the term ' conspiracy theory ' around the subject, because misinformation abounds and buying into some of that misinformation can in effect be a costly experience. Let's examine some of the key issues around ...
Views: 775 - Is ABL Everything You Need And More In Canadian Business Financing ? The Asset Based Line Of Credit Facility Works Hard! - by Submitted on Mar 05, 2012 from Stan ProkopCould an ABL asset based line of credit in fact be all the business financing your Canadian company needs? It's rare that one form of business finance in Canada meets everything you are looking for in a finance solution - quite often there needs to be a combination of solutions that make the ...
Views: 564 - 6 Reasons To Consider Business Equipment Financing . Asset Finance Power Tools For Your Company - by Submitted on Feb 27, 2012 from Stan ProkopBusiness equipment financing continues to be by far the most popular method of asset finance for the Canadian company wishing to make fixed asset acquisitions. Virtually every type of asset class can be financed, and the lease finance industry as a whole is not prejudiced when it comes to ...
Views: 690(1 vote) - Canada Government Small Business Loans . Let The SBL Loan Give You An ‘A’ In Canadian Business Financing - by Submitted on Feb 27, 2012 from Stan ProkopCanada government small business loans - can they give you a sense that you have just achieved an ' A ' grade in Canadian business financing? We think so, and here is why the SBL loan makes solid sense for your firm, whether you are a start up, or if you fall under the 5 Million dollar sales ...
Views: 671 - Best Practices On Getting Canada Government Loans. Let The SBL Loan For Small Business Work For You - by Submitted on Feb 27, 2012 from Stan ProkopCanada government loans for small business. Are there some ' best practices ' to follow to ensure they work for you, and that of course you get approved? We think there are. If you have worked in a larger corporation at any time (trust us ... we have) they always talk about ' best practices. ...
Views: 616 - Understand Your Asset Finance Options. Leasing Versus Buying And Capital vs. Operating .It’s Your Call! - by Submitted on Feb 27, 2012 from Stan ProkopLeasing versus buying. It's one of the classic questions faced by business owners and financial managers when they are looking for asset financing strategies that make sense in capital acquisition of business assets. Let's examine how you as a business owner or finance manager can make the ...
Views: 728 - Don’t Gamble On Franchise Funding Success . Finance Your Franchising Opportunity Properly! - by Submitted on Feb 27, 2012 from Stan ProkopFranchise funding in Canada. At times does it seem like you have to take a real gamble on the franchising opportunity just to complete a transaction properly? And then finance it? Is there a better way? We think there is, and here's why, and how! We're the first to admit making that ...
Views: 609 - 8 Reasons To Consider Canadian Receivables Finance And Accounts Receivable Service For Cash Flow - by Submitted on Feb 27, 2012 from Stan ProkopReceivables Finance! said the client. ‘Give me one good reason why .... ' We hear that one a lot , so we'll do one better and provide him, or her with 8 solid business reasons to consider an account receivable service for your cash flow financing needs . Reason # 1 is simply growth... ...
Views: 613 - Let An ABL Revolver Facility Be Your New Canadian Asset Backed Lending Business Line Of Credit - by Submitted on Feb 27, 2012 from Stan ProkopThe ABL Revolver facility. Is it the business financing mechanism that can fill the gap your firm is experiencing in a business line of credit? Asset backed lending is working for thousands of firms who probably just several years ago had never heard of it! Here's why. To understand the ...
Views: 680 - Buying And Financing A Business Acquisition . Loans To Finance Existing Businesses - by Submitted on Feb 27, 2012 from Stan ProkopBuying and financing a business acquisition is one of the major challenges of firms in the SME (Small and medium enterprise) sector in Canada. Unlike the big boys who have access and funds available to hire expensive talent to complete the transaction the Canadian SME business owner and ...
Views: 658 - Liquidity Problems? Cash Flow Challenges? Bank Problem? Here’s Your Next Step - by Submitted on Feb 17, 2012 from Stan ProkopLiquidity problems and cash flow challenges plague thousands of Canadian business owners and financial managers. A lot of this challenge revolves around a company's inability to properly access bank financing in Canada. If that's the case what is the next step then? We think that next step ...
Views: 876 - Leasing IT Cloud Financing Services . Lease Your Hardware And Software Needs - by Submitted on Feb 17, 2012 from Stan ProkopIT cloud financing services and the leasing of such services for hardware and software needs presents new challenges for the Canadian business and financial managers looking to leverage technology via lease financing. Oh, and by the way, financing ' the cloud ' presents probably just as many ...
Views: 798 - Naked Truth And Insights Into The ABL Asset Credit Line Facility . Canadian Business Financing Unexpected! - by Submitted on Feb 17, 2012 from Stan ProkopStripped down. An ABL facility asset credit line for your business financing needs just might be the most basic, yet perfect Canadian business financing vehicle your company needs. Oh, and by the way, that’s if you are a start up, in the SME sector, or one of Canada's largest corporations, ...
Views: 690 - Need Business Turnaround Financing For Your Company? Canadian Solutions For Distressed Corporate Situations - by Submitted on Feb 17, 2012 from Stan ProkopBusiness turnaround financing for Canadian firms is clearly one of the most challenging forms of corporate finance for those firms experiencing distress from either internal or external factors, more often than not a combination of both . You can call it crisis management, turnaround ...
Views: 613 - Cash On Hand! What A Concept ! Let Canadian Accounts Receivables Credit Financing Via Factoring Funding Be Your Solution - by Submitted on Feb 17, 2012 from Stan ProkopAccounts receivable credit financing is one method in which thousands of firms in Canada generate ' cash on hand '. That phrase is of course the accounting/business term which business owners and financial managers in Canada refer to with respect to their positive cash balances. Your ...
Views: 772 - Innovative Financing From Canadian Leasing Companies . Mastering The Lease Versus Buy Decision - by Submitted on Jan 30, 2012 from Stan ProkopAt one point or another Canadian companies of all size realize that financing new or existing assets via leasing companies in Canada works far better than buying those assets; in effect they have mastered and understood the lease versus buy decision. It's never hurts for us to cover the ...
Views: 489 - Don’t Tell Anyone But Here’s Six Points And Strategies For Dealing With Business Equipment Finance Companies For Leasing Success - by Submitted on Jan 30, 2012 from Stan ProkopThousands of Canadian business owners and financial managers turn to equipment leasing in Canada for asset financing. We can safely say that this method of Canadian business finance can be a simple or as complex as you wanted to make it. Our goal is to ensure you consider don’t consider an ...
Views: 405(2 votes) - 6 Ways To Compare And Analyze Asset Based Lending Revolving Credit Facilities . ABL Financing Works - by Submitted on Jan 13, 2012 from Stan ProkopClients who listen to us tout the positive aspects of business revolving credit via abl asset based lending and financing sometimes have a great question for us ; namely ' How can we compare this type of Canadian business financing to other forms of lending, i.e. the traditional chartered bank ...
Views: 587 - Receivables Funding In Canada . The Good , The Bad And The Ugly ! Sales Of Receivables Factoring Works If ….. - by Submitted on Jan 13, 2012 from Stan ProkopIt's probably just us, but when it comes to business financing in Canada no other method of financing your business is as controversial or misunderstood as sales of receivables financing, aka factoring funding. Let's examine some key points that will clarify the ' Good, Bad and Ugly ' of ...
Views: 413 - Business Equipment Leasing And Financing In Canada . When And With Whom To Lease - by Submitted on Jan 13, 2012 from Stan ProkopAs always, it's a question of the right time and right place. We're discussing business equipment leasing in Canada. When should Canadian business owners and financial managers consider lease financing for asset acquisition and use. We've got some basic checklists on what works when, and, as ...
Views: 490 - How To Avoid Business Operating Cash Flow Problems And Improve Financing Success - by Submitted on Jan 06, 2012 from Stan ProkopMany Canadian business owners and financial managers find out the hard way that business success is almost always also tied to having, and improving their operating cash flow. It's when sales and profits don't match cash and working capital that the problem begins. Bottom line, getting rich on ...
Views: 457 - Is Canadian Franchise Financing A Do It Yourself Project? Franchising In Canada With Success - by Submitted on Jan 06, 2012 from Stan ProkopThere seems to be a lot of ' DYI ' out there today, that being the acronym for Do It Yourself of course. So we were thinking, is it possible that Canadian franchise financing for the purchase of your chose franchising endeavor in Canada is a ' DYI ' project? Let's talk about a lot you can do ...
Views: 402 - Downside Of Canadian ABL Asset Based Finance ? P.S. There Is No Downside! Business Financing And Lending That Works - by Submitted on Jan 06, 2012 from Stan ProkopSo, which is it? We're big proponents of ABL asset based finance in Canada. So once in awhile a client pops the question. What's the question? It's ' Is there any downside to asset based financing for a Canadian firm?" Fair enough. ABL lending seems to have only good things attached to it ...
Views: 456 - The Business Case For ABL Asset Based Lending Canada . The Ultimate Credit Revolver For Business Financing? - by Submitted on Dec 28, 2011 from Stan ProkopThe infamous ' business case '. We're told its a tool that ‘supports planning and decision making ...’ . Is there in fact such a case to be made for business owners considering ABL asset based lending in Canada via a credit revolver facility versus bank lines of business credit? We think so. ...
Views: 417 - Danger Signs ( And Solutions!) For Canadian Working Capital Financing . Real World Cash Flow Solutions - by Submitted on Dec 28, 2011 from Stan ProkopCash flow solutions are sort of best implemented when you know what the problem is. Makes sense, right ?We're discussing working capital financing and the danger signs your firm needs to look for to both prevent and of course solve some of those problems . The challenge in business financing ...
Views: 433 - Canadian Accounts Receivable Finance ! Avoid The ‘ Fat Smoker ‘ Crisis Via Confidential Invoice Factoring - by Submitted on Dec 28, 2011 from Stan ProkopWe're the first to admit we're always on the lookout for a solid business analogy. Enter the 'fat smoker' crisis as it relates to accounts receivable finance and confidential invoice factoring in Canada. A U.S. publication entitled 'Strategy & The Fat Smoker ' talks about how either in our ...
Views: 419 - Interested In Why Equipment Lease Rates And Low Leasing Payments Might Not Be Important ? ! - by Submitted on Dec 28, 2011 from Stan ProkopYou tell us, because we sure don't know. We're talking about equipment lease rates, and why clients are almost always under the distinct impression that the concept of a ' low payment ‘ or a ' great rate ' via leasing finance in Canada is their sole focus . We recently came across some ...
Views: 362 - Caution - Danger Ahead ! IT Finance And Computer Leasing . Technology Financing Tips - by Submitted on Dec 28, 2011 from Stan ProkopIt's probably just us, but we think there’s no aspect of equipment financing in Canada where one small piece of info could cost you, or make you thousands of dollars. Let's cover off some IT Financing (IT = Information technology) basics. All of a sudden that cautionary road sign up ahead wont ...
Views: 452 - Canadian Commercial Business Bank Financing - What’s Right ( And Wrong ) With Your Banking Strategy - by Submitted on Dec 28, 2011 from Stan ProkopCanadian business owners and financial managers assess their commercial business banking and financing needs at different times in their company's life. As in many other facets of business it's a little difficult to develop a solution and fix a problem if you don't understand the fundamental ...
Views: 404 - Say Yes To Canadian Working Capital Solutions - Say No To Financing Cash Flow Obstacles ! - by Submitted on Dec 28, 2011 from Stan ProkopToday the goal is fairly simple. We'll identify some of the obstacles encountered by Canadian business when it comes to financing cash flow, and, as importantly we'll demonstrate some traditional as well as new forms of working capital solutions for the Canadian business owner and financial ...
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