10 Ways to Find Money for Your Project!
February 20, 2016 by Dr. Letitia Wright
Filed under Dr. Wright Live (Events), Featured Articles, Front Page
There are many ways to find money for your business or project. I will be talking about how to do that. No, I won’t be going with the ask your uncle for money. If you had an uncle who could give you the money, I am sure you would have done it by now. There are some new things happening that allow people to get money for projects. Some of it is bootstrapping but some of it is not. If you are frustrated trying to get the money together or every time you get the money together, something happens to take you off track, then you need to attend.
I will share with you one strategy that I will NOT be covering at the workshop. I appreciate you stopping by the page and want to give you value no matter what you decide to do. If you are already in business but need more money at your fingertips then consider this:
Sell Your Invoices to Improve Cash-Flow
It’s also called invoice factoring or factoring. Waiting for payment on goods already delivered can make a small business’ cash-flow tight. Using invoice factoring is an effective strategy to moderate the ups and downs of the billing cycle, yet only one fifth of qualifying businesses take advantage.
There are several types of invoice factoring, including debt factoring, which can help with salaries, tax payments and other financial demands on your business during the slow parts of the billing cycle.
Invoice factoring explained
Financing by invoice factoring similar to invoice discounting; it’s a business to business service leveraging invoices of sold goods to get cash now. Invoice financing, technically not borrowing, involves the financing business buying invoice receivables at a discount. Payment collection from the customer becomes the factor’s responsibility. By including a non-recourse clause in your agreement, they also take responsibility should the customer default. Be sure to deal with a reputable factoring company. They will be dealing directly with your customers.
How it works
Before your customer makes payment on their invoice, the factoring services company purchases the invoice at a discount, often 70-90 percent of full value. Once the factoring company collects from the customer, they’ll take an agreed upon service fee and return the balance to your company.
Why it works
There are several reasons invoice factoring is an effective option for your business.
You can receive immediate payment for invoices, better managing cash-flow over longer billing cycles.
Receive cash without effecting your credit rating. It’s still best to compare rates and charges to traditional financing options, like banks.Invoice factoring helps manage risk. you can pay bills and salaries on time, and have the cash on hand for unexpected expenses.
Moving collections to the factoring company gives you more time to work on money generating activities.
Potentially save money. Costs associated with invoice factoring can be more than offset by reducing your collection management costs, because the factoring company manages the process. Good’s factoring companies ensure customers pay on time, shortening the payment cycle.
Your ability to access more cash with invoice factoring grows as you increase your sales. As your invoices grow larger, your invoice financing increases. Stop renegotiating borrowing rates and credit limits with banks. By smoothing the ups and downs in cash-flow and allowing you to make payments when they’re due, invoice financing can decrease stress levels.
Let’s get you on the track to making your dreams come true. The Los Angeles Workshop is April 16, 2016 and ticket prices benefit the Celebrate Life Cancer Ministries.
TATYANA IN SHOE PRINT at Gwynnie Bee
February 19, 2016 by Dr. Letitia Wright
Filed under Front Page
This was a lovely dress to wear and looks great. I wore it to 72 hours of Power. The fabric is light, so if you are somewhere where it’s snowing be sure to wrap up! It fits well and I live the peek-a-boo slits and the cross bands on top.
You can find this and more at GwynnieBee Get 30 Days of clothes free with this link
How BMX-ers Grab Fame
February 12, 2016 by Dr. Letitia Wright
Filed under Featured Articles, Front Page, Media Training
It’s not enough to be a great athlete; you must take the opportunity to promote your brand. Shows are a great way to do that. Even if you pitch and they don’t use you, you will be part of their database. That is what makes every pitch a home run. Unless you are clearly NOT a fit, you are in the database and have a chance that you will get a call. And when media calls, you show up.
Below is a real show looking for BMX-ers. You can pitch if you are a good fit, if you are not a good fit, you risk getting banned from their mailbox forever!
Go for it!
REAL BMX-ERS AGES 18-25 WANTED
CASTING TV COMMERCIAL!
BAY AREA
We are searching for REAL BMX-ERS (ages 18-25) who are in the Bay Area to be featured in a television commercial!
MLB (Major League Baseball) is now casting a commercial for opening season, and is looking for the following types of people:
REAL BMX-ers
Male / age 18-25 / All Ethniitites.
MUST BE REAL BMX ers – urban male young adults. Submit by yourself, or with a group of 4 to 5 of your friends.
*MUST SEE BMX VIDEO FOOTAGE and any BMX pics!
CASTING IMMEDIATELY – SUBMIT NOW! (Submissions deadline is Friday, Feb 12th at 1pm.)
Project: MLB Commercial for TV and web (in perpetuity usage, though probably only used for two opening seasons)
Location: Shoots in Bay Area – you must be here, or get yourself here, to be considered – no travel will be paid (except for Snowboarders to Tahoe for the shoot).
Shoot: One day only, between February 17th – 19th, 2016.
Pay: $500 per person for the day. Usage: in perpetuity, TV/web commercial with possible stills.
TO SUBMIT:
email ALL the information requested below to:
kbbcasting@gmail.com
Be sure to include:
1. Your name (first and last) – or all your names if submitting as a group
2. Age(s)
3. Contact phone number
4. A brief description of your experience and skill level (for the group if submitting as a group)
5. Clear photo of your face, and pictures of you BMXing
6. You MUST submit VIDEO of you engaged in your activity (via YouTube, Vimeo, Dropbox, etc.)
