George was a highly specialized Internet Marketing Computer Geek.
Companies who understood the importance of e-commerce was looking for someone with his skills. However, when these companies, called the Temporary Staffing Agency that he worked for, the Employers would request a Computer Programming person with "All" the necessary experience in Computer Programming.
The staffing agency lived by the motto that the customer is always right and surely these companies knew what kind of worker they needed!
Wrong. It took them a couple months to realize that a Computer Programmer and an Internet Marketing person were two different animals. companies did not fully understand that the Search Engine 'Gods' deal in "formulas" They didn't understand that no matter how many computer programming languages you could write, if you didn't understand online marketing, you would be left in the cold.
George knew he had to do something, he had learned that the way to wealth was to find a need and fill it. And there clearly was a need for a Staffing Agency who could provide skilled and professional Internet Marketing talent to the Corporate World.
George did his homework; there was room at the top of the Temporary Staffing Industry for him. Yes, a lot of the larger companies were hiring PR firms to do their Internet Marketing, but the PR Firms needed to hire a new type of marketing person. These new type of marketing persons had to be computer gurus. It did not much matter that they had never written a press release a day in their life, it only mattered that they understood ranking algorithm.
George had every thing in place; he had collected dozens of his computer geek friends who wanted to work temp contract jobs. He trained them in the ways of the search engine spiders, SEO, link popularity and other necessary task. There was just one problem, and that's how I meet George.
George's small staffing company begin to grow faster then his Accounts Receivables.
George did not have the cash flow to pay his contract workers until the corporations paid him. Even after he invoiced his corporate client's it would take 30 or more days to receive a check. Since there were about 20 close friends working with George, there had been no real problem. But now, there were dozens more clients' who needed his services and he had no choice but to hire "real" employees.
George contacted me through my web site. He explained what his problem was. I asked who his clients were and how much would he be billing his clients each week? He was hesitant because he was new in business and had no credit references, except his student loan. I explained that his credit was not an issue, that the Financing Company would be more interested in his client's FICO score than his. (His client list read like a Whose Who in the Corporate World) When I explained there would be "no problem" I could tell he did not believe me. He was polite and ask how anyone could get a Line of Credit for $100,000 without a credit check or Financial statements. I explain to him that his "Customer's" credit was the important factor and as long as he had an Invoice, I could find a Lender that would wire the monies into his account within 48 hours. He said "OK", but I could tell he was not sure about me or what I had said to him.
I told him that I would have one of the Lenders contact him that afternoon.
As I hung up the phone, I was hoping the Lender, I had in mind, would be available to talk to George as soon as possible. George needed to hear someone from the "top" say that there should be 'no problem.' I knew I had to move fast. As usual Mr. X was available to talk to my client that afternoon. George was instructed to fax information to the company that I had selected for him, based upon his needs, and was able to Factor over $70,000 in Invoices that same week.
The Financial company wired the monies into his account and he was only a day late with his payroll -- Of course we blamed it on the mail!
Factoring is the selling of your accounts receivable for cash versus waiting 30-60 or 90 days to be paid by your customer. When you provide a Factoring company with copies of your invoices, the Factoring Company uses your invoices to make a loan to your company. It is a simple process and can be automated after the first transaction.
To obtain more information about an Invoice Line of Credit for your small business, visit http://TaxesWillTravel.com/Application.htm and complete the short question form. A Lender will contact you.
Article Source: http://EzineArticles.com/?expert=Cassandra_A._Ingraham
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