Did we even have to mention it, but a serious CFO survey, just released, stated that ‘Cash flow is Top Concern Priority for 2018’. When has working capital financing and capital funding normally lots of people more important?
Let’s take a look at the Canadian situation and just how you can solve some of those working capital challenges which were reiterated as concerns inside the survey, which has been done, in addition to TD. And by the way, putting ‘ surveys’ aside, we’ll offer some ‘ down to earth’ answers to a few of the issues highlighted inside the bank survey!
Intensity? The survey used that word when Canadian business owners and financial managers described their necessary daily care about working capital management. As a business proprietor, you need to research your overall structure and be sure you can manage earnings on an everyday basis.
The survey intimated that even though you could cut costs to manage and conserve income most Canadian business people don’t feel that’s the optimal strategy, only 7%.
Access to working capital financing and capital funding was an important concern by respondents. We are reminded of headlines that say things like ‘90% of most jobs aren’t advertised”. Well, are you aware of what, if we sit down with clients we strongly feel that they often don’t understand that 90%of financing options aren’t generally recognized to Canadian business? Did you know you can find countless non – bank finance entities, all very unique, that finance receivables, inventory, purchase orders (yes, purchase orders! tax credits (it is possible to finance a tax credit? – YES, you can!).
The survey indicated that technology is certainly the top division of planned capital investment, and you need to remember you will find several solid capitals and operating lease solutions that supply …» Read more