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  1. Image for How to be a Trucking Owner Operator in 2021

    How to be a Trucking Owner Operator in 2021

    Being the owner and operator of your own trucking business is a huge opportunity for a lot of people. The ability to be your own boss, call all the shots, and build your business from the ground-up has enticed people for generations.  If you’re thinking about getting started, you need to know how...

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  2. Image for Invoice Funding vs. Advance Loans

    Invoice Funding vs. Advance Loans

    Not knowing what you don’t know can put you out of business. On average, we see one factoring client per day shut their doors due to the inability to service ACH bank withdrawals associated with Merchant Cash Advance and other Cash Invoice Advance Loans. If something seems too good to be...

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  3. Image for What Do Carriers Do If They Don’t Get Paid? Learn About Broker Agreements

    What Do Carriers Do If They Don’t Get Paid? Learn About Broker Agreements

    When a carrier completes a shipment in good faith, they expect brokers to pay them the full amount when they said they were going to. Unfortunately, in transportation, it’s not uncommon for there to be payment issues between carriers and brokers. Why Don’t Brokers Pay Invoices? There are several reasons brokers don’t...

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  4. Image for Tips for (Safely) Maintaining and Building Your Professional Network

    Tips for (Safely) Maintaining and Building Your Professional Network

    The coronavirus has forced everyone to take a step back from trying to improve their cash flow and take a ‘get back to the basics’ approach. The ability to build a professional network and strengthen existing relationships or make new contacts is just one more area of business that has...

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  5. Image for Small Business Financing For Those Who Did & Didn’t Qualify for a PPP Loan

    Small Business Financing For Those Who Did & Didn’t Qualify for a PPP Loan

    The current economic environment poses unique challenges to the small businesses financing industry because banks aren’t lending as much or as often. It’s harder to obtain other types of small business financing that might have been available before the pandemic. Some businesses have been able to take advantage of Paycheck...

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  6. Image for Tips for Carriers: Avoiding Common Business Loan Scams and Logistics Fraud
    Featured

    Tips for Carriers: Avoiding Common Business Loan Scams and Logistics Fraud

    As if 2020 hasn’t been a difficult enough year, business owners are still facing threats from scammers trying to take advantage of hard times. While you can’t stop all fraud, you can minimize your risk by knowing how to spot and avoid common business loan scams. Fuel Advance Scams Fraudulent fuel advances...

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  7. Image for Best Working Capital Solutions for Small Businesses

    Best Working Capital Solutions for Small Businesses

    Working capital is the life blood of every small business. Without working capital, you won’t have the money to pay overhead expenses, purchase raw materials, meet your payroll, or pay your vendors. In fact, a lack of working capital combined with poor cash flow is behind most small business failures. To...

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  8. Image for Triumph Business Capital Names Erik Bahr EVP of Sales

    Triumph Business Capital Names Erik Bahr EVP of Sales

    DALLAS, TEXAS Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Erik T. Bahr as executive vice president of sales. He will report to Geoff Brenner, chief executive officer. In this role, Bahr will...

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  9. Image for Does my Trucking Business Need a Website?

    Does my Trucking Business Need a Website?

    The trucking industry is a unique one, but it is not exempt from the digital age that we are living in today. According to our invoice factoring company, while truckers of the past may not have seen a need for a website, there are a few reasons why you should...

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  10. Image for What is the Difference Between a QuickPay and Factoring?

    What is the Difference Between a QuickPay and Factoring?

    Many owner-operators start to consider factoring or take broker QuickPays when they don’t want to wait more than a few days to get paid on a delivered load. You can’t afford to turn down loads, but you can’t run your business without consistent income. This is why broker QuickPay and invoice...

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  11. Image for How to Calculate Fuel Cost Consumption for a Truck
    Featured

    How to Calculate Fuel Cost Consumption for a Truck

    As a leading invoice factoring company that offers tailored solutions to the trucking industry, we know that fuel is one of your biggest expenses. Knowing how to calculate fuel cost consumption for a truck is essential for all trucking companies of all sizes, from owner-operators to fleet owners.    Without knowing your fuel efficiency,...

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  12. Image for 2020 Guide to Oil & Gas Events

    2020 Guide to Oil & Gas Events

    The oil and gas industry is an economic juggernaut, accounting for $236.8 billion in domestic value in 2018 alone.  In an industry defined largely by its volatility, the need to be up on current trends is critical to long-term success. Oil and gas events can be important and necessary for companies and...

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  13. Image for 2020 Guide to Staffing Industry Events 

    2020 Guide to Staffing Industry Events 

    Even with all of the technology that drives the day-to-day business operations of staffing companies, live, in-person events should be part of a staffing company’s yearly business development strategy.    Events give you the opportunity to meet and learn from industry leaders, network with potential clients and most importantly, give you the...

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  14. Image for 2020 Guide to Freight Broker Industry Events

    2020 Guide to Freight Broker Industry Events

    The freight broker game continues to change the way that cargo is moved. Technology now dominates an industry that used to require nothing more than a telephone and a poster board. Staying on top of the changes in this fast-paced industry requires knowing what’s trending and what new tech is coming...

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  15. Image for 2020 Guide to Trucking Industry Events

    2020 Guide to Trucking Industry Events

    Trucking events can be some of the best ways for busy, on-the-road carriers to see what’s going on in the world of transportation. Many shows have huge expo halls that you can walk and get a glimpse of the latest and greatest products on the market for truckers.   Other events hold...

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  16. Image for 7 Tips to Get Your Invoices Paid Faster

    7 Tips to Get Your Invoices Paid Faster

    As a factoring company, we talk to business owners everyday about cash flow. Some complain about slow payments. Others work in unpredictable or seasonable industries and are looking for some help to make it through the harder months.   In either case, the goal is the same: to get paid as quickly as possible. If you’re not currently working...

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  17. Image for Is now the time to start your trucking business?
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    Is now the time to start your trucking business?

    Is next year the right time to pursue your dreams and start your own trucking business? It could be. With an estimated shortage of 60,000 truckers nationwide (with estimates it will hit six figures by 2024), there will be plenty of opportunity to become an owner-operator over the next five years.  If you’re...

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  18. Image for A Factoring Company’s Guide to Net 30 and Invoice Payment Terms

    A Factoring Company’s Guide to Net 30 and Invoice Payment Terms

    It doesn’t matter if you just started your business, or you’ve been around for years. There are basic terms and definitions that every entrepreneur should know.  Not knowing the basic definitions of common invoice payment terms can cause confusion between you and your client, set the wrong expectation and (even worse!) keep...

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  19. Image for Is Accounts Receivable Financing Right for Your Business?

    Is Accounts Receivable Financing Right for Your Business?

    Accounts receivable financing is one way business owners speed up payment on B2B invoices. Many or most invoices are Net 30, (meaning the customer has 30 days to pay). Some may even extend out to 90 days or more. Waiting this long for payment can be difficult, even for businesses with a healthy number of clients.   In a perfect world,...

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  20. Image for 7 Steps to Improving Your Net Working Capital

    7 Steps to Improving Your Net Working Capital

    If your business is running short on working capital, it can totally derail operations and add to your stress. The good news is there are lots of ways to remedy this all-too-common situation.   Many business owners assume that a loan or credit line alone can solve their working capital challenges. Before putting yourself...

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  21. Image for Freight Factoring Helps Carriers When Business is Slow

    Freight Factoring Helps Carriers When Business is Slow

    It’s no secret that demand for trucks has been down compared to 2018. If you follow trucker message boards or social media groups, you’ll find a lot of truckers wondering where all the loads went. To put it more bluntly, they’re wondering where all the high-paying loads went.  Seasonal, or even year-to-year drops...

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  22. Image for Triumph’s Guide to the Top 5 Trucking Apps

    Triumph’s Guide to the Top 5 Trucking Apps

    Technology drives the transportation and logistics industry. This isn’t news to truckers. Smart phones have changed how freight gets moved.   Trucks are now integrated mobile offices. By using apps and other mobile technology, transportation companies want to streamline the entire load delivery process.  Depending on your setup and technology, you can post your...

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  23. Image for Triumph Business Capital Guide to Oil and Gas Financing and Factoring

    Triumph Business Capital Guide to Oil and Gas Financing and Factoring

    Every industry has its challenges, but the oil and gas industry is arguably one of the most difficult for a variety of reasons. Like any business, oil and gas companies face a mix of financial and operational roadblocks that can hurt production. More than that, oil and gas companies are constantly...

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  24. Image for How Factoring Can Help Get Young Businesses Off the Ground

    How Factoring Can Help Get Young Businesses Off the Ground

    Starting a business requires a leap of faith. Even when you know you’ve got the skills and know-how to be a success, there are many ways that your budding venture can go wrong. Arguably, the toughest part for any entrepreneur is securing the funds to gain traction and grow despite having...

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  25. Image for How Factoring Can Get Your Business Through the Rough Patches

    How Factoring Can Get Your Business Through the Rough Patches

    Every business has rough patches — times when money is tight, and you’re wondering how you’ll make ends meet. As of 2019, more than half of all start-up businesses will fail within four years. A lack of money is the no. 2 reason that businesses fail. A lack of money can...

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  26. Image for Learn the Lingo: Common Terms Related to Invoice Factoring

    Learn the Lingo: Common Terms Related to Invoice Factoring

    If you’re new to invoice factoring, you might come across some terminology that you’ve never seen or heard before, it can be a little bit like learning a new language.  At Triumph Business Capital, we always want our clients (and potential clients) to understand what we’re talking about when we use factoring terms. With that...

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  27. Image for 4 Key Differences Between Invoice Factoring and Merchant Cash Advance

    4 Key Differences Between Invoice Factoring and Merchant Cash Advance

    Every small business owner knows that cash flow is the life blood of a company. With it, you can purchase raw materials and inventory, pay your overhead expenses and keep up with payroll. Without it, you may find yourself unable to fill orders or meet your financial commitments. For these reasons,...

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  28. Image for How Can Your Small Business Pick Up Momentum This Year?

    How Can Your Small Business Pick Up Momentum This Year?

    Small businesses are the life’s blood of the US economy. According to the SBA, there are 30.2 million small businesses in the United States as of the end of 2018. Every business has its own challenges and goals in 2019. We’re already at the end of  2nd quarter, and you may have some momentum...

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  29. Image for Dos and Don’ts to Keep in Mind When Choosing the Right Factoring Company

    Dos and Don’ts to Keep in Mind When Choosing the Right Factoring Company

    As a small business owner, you know that staying on top of cash flow can be a challenge. Without adequate cash flow, you may be unable to meet your financial obligations and, as a result, your growth can stall. As we’ve discussed in previous blog posts, partnering with an invoice factoring company...

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  30. Image for What Entrepreneurs Should Know About Invoice Factoring

    What Entrepreneurs Should Know About Invoice Factoring

    You’ve launched a business, built a team, and attracted a base of clients who love what you do. In other words, you’ve become a real-deal entrepreneur. So now what? If you want your company to continue to grow, you’ll need to finance your business for both the short term and the...

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  31. Image for Invoice Factoring: A Beginner’s FAQ

    Invoice Factoring: A Beginner’s FAQ

    There are more than 30 million small businesses in the United States, and no two are exactly the same. However, there are some problems that are common to many small businesses and one of those is money management. If you have issues with cash flow or financial management, it can negatively impact your...

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  32. Image for 4 Crucial Resources Needed to Start a Small Business

    4 Crucial Resources Needed to Start a Small Business

    Starting your own small business requires dedication, planning and resources. You might be committed to starting your own company. You have a business idea, and you can’t wait to act on it. But what do you need to start a small business and turn it into a success?  How do I...

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  33. Image for Triumph’s Guide to Freight Factoring Services

    Triumph’s Guide to Freight Factoring Services

    There are many financial issues freight company owners must manage on a regular basis. The rising costs of trucks and equipment are in direct conflict with long waits for shipping payments, and it’s a combination that can create gaps in cash flow.  Cash flow issues are one of the most common...

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  34. Image for Invoice Factoring: 6 Ways it Can Boost Your Business

    Invoice Factoring: 6 Ways it Can Boost Your Business

    Small business owners sometimes struggle with managing cash flow and finding the working capital to grow their companies. Invoice factoring is a form of accounts receivable financing that provides you with a cash advance on your invoices that are due within the next 90 days. Is factoring right for your...

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  35. Image for 3 Expert Tips to Keep Your Business’s Cash Flow Consistent

    3 Expert Tips to Keep Your Business’s Cash Flow Consistent

    Consistent and predictable business cash flow is a must if you want your business to grow and succeed. In fact, 82% of all business failures are linked to poor cash flow management. That’s a statistic you can’t afford to ignore.   Fortunately, there are some practical steps you can take to even out your cash flow...

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  36. Image for Cash Flow Is the Backbone of Your Small Business

    Cash Flow Is the Backbone of Your Small Business

    The majority of small businesses fail within the first five years. Cash flow was cited as one of the main causes among 60% of failed small businesses. Although every business has its financial peaks and valleys, small businesses are especially susceptible to gaps in cash flow because of their limited capital. Cash...

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  37. Image for 6 Key Strategies to Reduce Business Operating Costs

    6 Key Strategies to Reduce Business Operating Costs

    Every business wants to increase its profits, but those profits are especially crucial to small businesses. Even the smallest reduction in expenses or increase in revenue can have a major impact on your profitability. The good news is you don’t need to completely overhaul your company to start seeing savings....

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  38. Image for 6 Industries That Can Benefit the Most from Invoice Factoring

    6 Industries That Can Benefit the Most from Invoice Factoring

    It can be stressful and frustrating when your business experiences cash flow fluctuations. These fluctuations are often the result of payment gaps in your accounts receivable. Simply put: you’re not getting your funds fast enough after completing your service or projects. This is where business factoring comes in. Factoring services...

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  39. Image for How Staffing, Service & Manufacturing  Industries Benefit from Invoice Factoring

    How Staffing, Service & Manufacturing Industries Benefit from Invoice Factoring

    We’ve discussed the benefits of invoice factoring in previous blog posts. From improving cash flow to providing stability, small businesses of all types and sizes — even trucking companies, — use and benefit from factoring companies to help their enterprises grow. Factoring companies specialize in helping small businesses drastically cut...

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  40. Image for Don’t Sign an Invoice Factoring Contract Without Asking These Questions

    Don’t Sign an Invoice Factoring Contract Without Asking These Questions

    As we’ve discussed in previous blog posts, invoice factoring is a type of accounts receivable financing that converts outstanding invoices — due within 90 days — into immediate cash for your small business. But before you sign any type of contract or agreement for an invoice advance loan, it’s essential to...

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  41. Image for Our Complete Guide to Government Invoice Factoring

    Our Complete Guide to Government Invoice Factoring

    Cash is essential to any business, and there’s a debt-free commercial finance option that ensures that you receive it quickly. It’s a dependable, low-risk alternative when compared to a line of credit or a loan, and you certainly won’t have to spend weeks applying for it. We’re talking about government...

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  42. Image for Invoice Factoring 101: What You Need to Know

    Invoice Factoring 101: What You Need to Know

    What is invoice factoring?  Invoice factoring can be particularly useful for small businesses looking to keep their cash flow moving and their resources consistent. Invoice factoring helps B2B companies boost their cash flow based on their outstanding invoices. This means immediate access to your money without having to wait for payment...

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  43. Image for What Small Businesses Should Know About the Invoice Factoring Application Process

    What Small Businesses Should Know About the Invoice Factoring Application Process

    Working with commercial invoice factoring companies has numerous benefits and can provide near immediate cash flow for your business. In fact, factoring companies can help small businesses bridge invoice payment gaps with upfront payments, providing nearly all of the original invoice amount. That money is then immediately available for you...

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  44. Image for How to Know if Your Small Business Has ‘Bad Debt’

    How to Know if Your Small Business Has ‘Bad Debt’

    Economies are unpredictable and demand for certain products or services ebbs and flows depending on any number of reasons. Bankruptcies in the U.S. increased to 25,227 companies in the second quarter of 2016 alone. It’s important to stay on top of corporate finances, especially in the early stages of business development...

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  45. Image for Tired of Late Invoice Payments? These Strategies Can Help

    Tired of Late Invoice Payments? These Strategies Can Help

    It may sound shocking, but it’s true: Nearly 60 percent of invoices are paid late. Considering the fact that small businesses (defined as businesses with fewer than 500 employees) account for 99.7 percent of all business in the United States, late invoices are often a sign of a bigger financial...

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  46. Image for Exploring Common Small Business Cash Flow Problems (And Their Best Solutions)

    Exploring Common Small Business Cash Flow Problems (And Their Best Solutions)

    Small businesses (defined as businesses with fewer than 500 employees) account for 99.7 percent of all business in the United States, making them a fundamental part of the economy. But anyone who’s ever owned a small business can tell you that it’s not always easy to stay afloat when it...

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  47. Image for Top Tips For Choosing the Right Load Boards

    Top Tips For Choosing the Right Load Boards

    According to the Federal Motor Carrier Safety Administration, approximately 5.9 million commercial motor vehicle drivers operate in the United States, and many of them frequently take advantage of load boards as well as load factoring companies, also known as invoice factoring or freight bill factoring companies. Factoring companies can help...

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  48. Image for 3 Ways Invoice Factoring Will Affect (Help!) Your Credit Score

    3 Ways Invoice Factoring Will Affect (Help!) Your Credit Score

    Your business credit score is something that can have a huge impact on how you’re perceived by your customers, competitors, and potential lenders and investors. The higher your score is, the more credible and trustworthy you’ll seem. Invoice factoring is a form of business financing that can impact your credit score....

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  49. Image for Here’s How Invoice Factoring Services Can Help Expand Your Staffing Agency

    Here’s How Invoice Factoring Services Can Help Expand Your Staffing Agency

    Invoice factoring is a type of accounts receivable financing that converts outstanding invoices due within 30, 60, or 90 days into immediate cash for your small business. While invoice funding companies work with businesses in many industry sectors, staffing agencies are looking to invoice factoring services for help with payroll...

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  50. Image for 2019 Guide to Freight Broker Industry Events

    2019 Guide to Freight Broker Industry Events

    MARCH 5-8, 2019 The Work Truck Show, Green Truck Summit, and Fleet Technical CongressIndianapolis, IN The must-attend event for the work truck industry. North America’s largest work truck event is your once-a-year chance to see all of the newest industry products. More info: worktruckshow.com MARCH 10-13, 2019 TCA (Truckload Carriers Association) Annual ConventionLas Vegas, NV The premier...

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  51. Image for Choosing a Factoring Company for your Trucking Business?

    Choosing a Factoring Company for your Trucking Business?

    Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. Commercial transportation requires a great amount of attention to detail, which is just one reason so many professionals have been relying on services from transportation factoring companies and other types of small business factoring. Invoice...

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  52. Image for Freight Bill Factoring: How Can it Make Your Transportation Company More Efficient?

    Freight Bill Factoring: How Can it Make Your Transportation Company More Efficient?

    Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. Every load has a lot of paperwork – rate confirmations, BOLs, lumpers, detention. You get it. It’s a lot of paper for one load. So how can owner-operators manage all that paperwork, submit your invoices...

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  53. Image for 2019 Guide to Trucking Industry Events

    2019 Guide to Trucking Industry Events

    MARCH 5-8, 2019 The Work Truck Show, Green Truck Summit, and Fleet Technical Congress Indianapolis, IN The must-attend event for the work truck industry. North America’s largest work truck event is your once-a-year chance to see all of the newest industry products. More info: worktruckshow.com MARCH 10-13, 2019 TCA (Truckload Carriers Association) Annual Convention Las Vegas, NV The...

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  54. Image for 7 Tips to Help You Thrive as a Trucking Owner-Operator

    7 Tips to Help You Thrive as a Trucking Owner-Operator

    As a trucking owner-operator, you know that running a successful business requires you to wear many hats. You’ve got to be thinking about everything from gas mileage to depreciation to cash flow. The new year is here, and that means this is a good time to look to the year ahead...

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  55. Image for Triumph Business Capital’s Complete Guide to Freight Bill Factoring

    Triumph Business Capital’s Complete Guide to Freight Bill Factoring

    Is cash flow an issue for your trucking business? If so, you should consider freight bill factoring. You need funds to pay expenses and grow your business, and you can’t always afford to wait 30, 60, or even 90 days for customers to pay. Fortunately, invoice factoring can help bridge...

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  56. Image for Freight Factoring 101: How Does Freight Factoring Work?

    Freight Factoring 101: How Does Freight Factoring Work?

    Owning and managing a freight company isn’t easy. In the course of the day, you may wear many different hats: owner, manager, accountant, marketer, and human resources manager, to name a few. And when you’re juggling so many things, it’s easy to let something important slip through the cracks. That’s where...

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  57. Image for 3 Ways Invoice Factoring Helps Businesses Over the Holidays

    3 Ways Invoice Factoring Helps Businesses Over the Holidays

    The holiday season is here, bringing days of celebration and fun. But, for many small business owners in the United States, it also brings some anxiety. How will they keep up with increased holiday orders, pay for inventory, and keep their businesses afloat?   According to the Small Business Administration, there are...

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  58. Image for New to Invoice Factoring? Avoid These Common Mistakes

    New to Invoice Factoring? Avoid These Common Mistakes

    It’s been estimated that if all invoices were paid on time, U.S. small businesses could collectively hire 2.1 million more employees, which would reduce unemployment by 27 percent. That’s just one reason why more and more businesses are working with invoice and freight bill factoring services. But before you decide...

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  59. Image for Is Invoice Factoring Right For Your Business? Consider these three benefits.

    Is Invoice Factoring Right For Your Business? Consider these three benefits.

    Invoice factoring is a type of accounts receivable financing that converts outstanding invoices into immediate cash for your small business. There are many different types of invoice factoring, from small business factoring to trucking factoring services. Before you determine whether or not your business could benefit from factoring, it’s important...

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  60. Image for How to Get Small Business Funding With Bad Credit

    How to Get Small Business Funding With Bad Credit

    We’ve discussed in recent posts how invoice factoring works: it’s a type of accounts receivable financing solution that converts outstanding invoices due within 90 days into immediate cash for your small business. And while many business owners assume that they need good credit to qualify for funding for their business,...

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  61. Image for These Common Freight Factoring Mistakes Could Really Cost You

    These Common Freight Factoring Mistakes Could Really Cost You

    Invoice factoring is a type of accounts receivable financing that can help small businesses avoid wait times of up to 90-plus days for customer payments. And while it’s ideal for countless types of small businesses across many industry sectors, it’s particularly popular for freight and trucking companies. Nearly 12 million...

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  62. Image for 5 Mistakes that Invoice Funding Company Clients Should Avoid

    5 Mistakes that Invoice Funding Company Clients Should Avoid

    Invoice factoring can go by many names: invoice financing, invoice funding and accounts receivable financing. Different names, but they all help small businesses receive the funds they need without waiting 30, 60 or 90 days to get paid from their customer. In many cases, invoice factoring services can provide funding in...

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  63. Image for The Advantages of Small Business Factoring

    The Advantages of Small Business Factoring

    Making it as a small business isn’t easy, no matter your industry. Rarely, can small businesses survive waiting 30+ days for payment, especially when their vendors are calling for their payment. If you find yourself struggling to manage payroll, rent and other overhead costs while waiting for payment, you have options....

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  64. Image for Don’t Fall for These Myths About Business Invoice Factoring
    Cost of Invoice Factoring Archives, Invoice Factoring Companies Archives, invoice factoring services archives, Invoice Factoring.

    Don’t Fall for These Myths About Business Invoice Factoring

    There are nearly 28 million small businesses in the U.S., and in today’s uncertain economic climate, many small businesses struggle to stay afloat as a result of insufficient funds. In fact, according to a U.S. Bank study, 82 percent of businesses that fail do so because of cash flow problems. For...

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  65. Image for Comprehensive Guide to Freight Invoice Factoring

    Comprehensive Guide to Freight Invoice Factoring

    When you’re on the road, you need to make sure you can afford to maintain your truck as well as your business. Cash flow is critical to truckers and trucking companies, which is why we have a solution —freight factoring services. What exactly is freight factoring? Freight invoice factoring allows trucking companies...

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  66. Image for How to be a Successful Trucking Owner-Operator in 2020

    How to be a Successful Trucking Owner-Operator in 2020

    The start of a new year is a great time to take stock of what you want to achieve and what it will take to reach your goals. We wish you great success as an owner-operator in 2020, and offer some practical do’s and don’ts as you rev up for...

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  67. Image for What Every Freight Broker Should Know About Factoring
    Small Motor Carrier Archives | Triumph Business Capital, Truck Factoring, Trucking Company Archives | Triumph Business Capital, Trucking Factoring

    What Every Freight Broker Should Know About Factoring

    Invoice factoring has been around for thousands of years and can be traced to the 18th century B.C. Babylonian king, Hammurabi. Over the past 10 years, transportation intermediaries are directing more and more of their carrier payments to factoring companies ‐ anecdotally, we hear as much as 80%. At Triumph...

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  68. Image for Making Sense Out of Carrier Freight Payments
    Freight Brokers, Growth, Small Motor Carrier Archives | Triumph Business Capital, Truck Factoring, Trucking Company Archives | Triumph Business Capital, Trucking Factoring

    Making Sense Out of Carrier Freight Payments

    Freight brokers pay carriers – that’s what you do.  You do it for fuel advances and again when the load’s settled and billed. You pay when it’s due and sometimes you pay quick.  You pay by fuel card, by express check, by bank draft, by paper check.  And mostly you...

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  69. Image for 3 Quick Ways to Increase Cash Flow
    Growth, Small Business Factoring, Small Business Tips, Trucking Factoring

    3 Quick Ways to Increase Cash Flow

    Cash is king. You know this as well as anyone else. Without cash, you can find yourself in some pretty uncomfortable situations, like not having enough money for payroll, or making late payments to vendors and bill collectors. So what can you do to manage your cash flow effectively? Let’s...

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  70. Image for Debt Collection vs. Invoice Factoring: What’s The Difference?
    Growth, Invoice Factoring., Small Business Factoring, Small Business Tips, Trucking Factoring

    Debt Collection vs. Invoice Factoring: What’s The Difference?

    It’s not only been days, but weeks—or even months—since you performed work for your client, and you still haven’t received payment. Sound familiar? As a professional, you need to be paid on time. You’ve got people to support and bills to pay. You may be considering using a debt collector to...

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  71. Image for Get Paid On Time While Maintaining Business Relationships
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    Get Paid On Time While Maintaining Business Relationships

    Let’s face it, money can get in the way of any relationship, whether business or personal. And small or mid-size business owners like you never want to compromise relationships with customers or vendors. But without the funds to pay your bills on time, how can you avoid damaging your relationship with...

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  72. Image for Business Cash Flow Gaps? How to Boost Your Bottom Line
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    Business Cash Flow Gaps? How to Boost Your Bottom Line

    You’re running a small or mid-size business and that takes money—lots of it. But coming up with the capital you need, when you need it, can often pose significant challenges—like how to meet payroll, pay vendors, upgrade equipment . . . the list goes on and on. So how do you...

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  73. Image for How Much Are Invoice Factoring Rates?
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    How Much Are Invoice Factoring Rates?

    Don’t you love that feeling—you know, the one you get when an invoice pays? With invoice factoring, you don’t even have to think about processing invoices, and you can forget about having to wait 30, 60, or 90 days to receive your client’s payment. You can actually get paid today....

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  74. Image for Invoice Factoring vs. Traditional Bank Loan: What’s The Difference?
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    Invoice Factoring vs. Traditional Bank Loan: What’s The Difference?

    Invoice factoring and a bank loan have very little in common—other than the fact that both provide cash to finance small businesses. Here’s a simple factoring vs. bank loan comparison to help you decide which can work for your business. Invoice factoring With invoice factoring, you simply convert your invoices into...

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  75. Image for 4 Funding Options for Your Small Business in 2018
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    4 Funding Options for Your Small Business in 2018

    What are some of the popular types of short-term funding available to small businesses? How can you fund your business? You’ve got questions; we’ve got answers! 1. Bootstrapping Bootstrapping is a funny word for a smart financial concept. The term comes from the phrase “pulling oneself up by one’s bootstraps.” An individual...

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  76. Image for The Ultimate List of Funding Options Every Small-Business Owner Should Know About
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    The Ultimate List of Funding Options Every Small-Business Owner Should Know About

    It’s a big world out there. We’re talking the world of funding for small- to medium-sized businesses. That’s why we’re giving you a bird’s-eye view of the available options—everything you need to know about funding your business. Invoice Factoring You may have heard of it; maybe you know a company or two...

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  77. Image for Is Invoice Factoring Right for You?
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    Is Invoice Factoring Right for You?

    Invoice factoring is a saving grace for many industries, from transportation and staffing to small and mid-size businesses as well as government contractors. In fact, invoice factoring can offer welcome financial relief if you’re just starting a business, have bad credit, can’t get funding from banks, or are at risk...

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  78. Image for 4 Common Risks Associated with Invoice Factoring
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    4 Common Risks Associated with Invoice Factoring

    Many businesses turn to Triumph Business Capital to get their invoices factored for relief from today’s financial pressures. Faster and easier than a bank loan, getting an invoice factored doesn’t rely on your credit or your years in operation. You simply convert your invoices into immediate cash to cover operating costs...

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  79. Image for How to Avoid the Net-30 Terms Trap and Actually Get Paid
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    How to Avoid the Net-30 Terms Trap and Actually Get Paid

    It’s a headache and a hassle, and it causes complete confusion—It’s the Net-30 Trap. Does it mean you get paid 30 days from the date on the invoice, 30 days after the client bills their client, or within 30 days of what exactly? Do you get paid at all? What does...

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  80. Image for Invoice Factoring: The Antidote for Net 30, 60, 90, or Never
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    Invoice Factoring: The Antidote for Net 30, 60, 90, or Never

    You do the work, deliver the product or service, and wait. And wait. And wonder—will you get paid on time or have to make countless calls to get your money? Let’s face it. One of the biggest challenges facing small and mid-size businesses (SMB) is getting paid—especially since many companies are...

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  81. Image for Staying TAA Compliant With The Updated Trade Agreements Act
    Growth, Invoice Factoring Government Contract Archive

    Staying TAA Compliant With The Updated Trade Agreements Act

    On May 5, 2016, many schedule contractors received a notice of the government’s continual examination of compliance to the Trade Agreements Act (TAA). Schedule contractors are required to remain TAA compliant with this act by verifying the country of origin for all of their products. If you are a government contractor,...

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  82. Image for 5 Signs You’re a Real-Deal Entrepreneur
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    5 Signs You’re a Real-Deal Entrepreneur

    You took the leap and started a business, but now you lie awake at night feeling like a fraud, like you don’t deserve the success you’ve created. It’s called imposter syndrome, a term coined in 1978 by two clinical psychologists referring to high-achieving individuals who are unable to internalize their accomplishments....

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  83. Image for 3 Ways to Successfully Recruit Leading College Grads
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    3 Ways to Successfully Recruit Leading College Grads

    1.9 million college students are expected to graduate this year and most of them will want to start their career right after they walk across the stage. By targeting college graduates, your staffing agency can dip into a talent pool that comes to the workforce with fresh, new ideas and a...

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  84. Image for 7 Common Bookkeeping Mistakes Freight Brokers Make
    Entrepreneurship, Freight Brokers, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    7 Common Bookkeeping Mistakes Freight Brokers Make

    Freight brokers have a lot of responsibilities, from matching shippers and carriers to making sure each piece of cargo gets to the right place. Another essential task in this busy industry is bookkeeping. Freight brokers who don’t prioritize bookkeeping can end up losing money in the long run. Here are...

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  85. Image for Small Business Social Media 102: Creating Killer Content

    Small Business Social Media 102: Creating Killer Content

    After the first lesson in this series, you now have your social sites all set up and are ready to engage your followers. People want go where content is fresh, new and relevant. No one likes or follows a page with stale content. With an abundance of ideas on what content...

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  86. Image for The Parking Problem
    Growth, Invoice Factoring. Freight Broker, Small Business Factoring, Small Business Tips, Trucking Factoring

    The Parking Problem

    In 2009, a trucker named Jason Rivenburg was shot and killed by a man who stole $7 in cash from him. Forced to park in an abandoned gas station when he became tired, Jason became the victim of a brutal crime. Sadly there are other stories similar to this one;...

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  87. Image for 5 Social Media Tips for Staffing Agencies
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips, Social Media

    5 Social Media Tips for Staffing Agencies

    If you work for a staffing agency, social media can be a powerful tool to help your firm grow by finding the right candidates. Agencies that aren’t utilizing social media marketing in their strategy are missing valuable opportunities. However, with many platforms available, it can be challenging to determine which are...

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  88. Image for How to Close the Sale
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    How to Close the Sale

    Whether you realize it or not, at some point in your career you will inevitably face the need to sell something, be it a product or service, or even yourself as a qualified candidate in a job interview. Learning how to effectively close the sale, regardless of what’s at stake,...

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  89. Image for The Cash Advance Option You Never Considered
    Entrepreneurship, Government Contract, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    The Cash Advance Option You Never Considered

    When small businesses have a need for money, the most common next-step is to apply for a loan. What many don’t realize is that they have capital readily available to them in the form of outstanding invoices. In fact, the process of accounts receivable factoring has many favorable benefits over...

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  90. Image for Finding the Right Freight Broker Training
    Entrepreneurship, Freight Broker, Freight Broker Tips, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    Finding the Right Freight Broker Training

    When you search for freight broker training courses on Google, you will inevitably find pages and pages of results. How can you decipher which one is best for your freight brokerage? More importantly, how can you determine which freight broker training course will provide the best return on your investment?...

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  91. Image for Look for the Green Check Mark and Kiss the Lost Loads Goodbye
    Freight Broker, Trucking Factoring, Trucking Tips

    Look for the Green Check Mark and Kiss the Lost Loads Goodbye

    Since 1978, DAT Solutions has been a trusted source of information for transportation professionals, providing valuable data on important topics like supply and demand trends, forecasting, benchmarking and capacity planning, which is vital for achieving operational efficiency. As part of our commitment to serve the trucking industry and our valued...

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  92. Image for The Drive for Better Health
    Freight Broker, Trucking Factoring, Trucking Tips

    The Drive for Better Health

    According to the Centers for Disease Control and Prevention, a trucker’s life expectancy is 16 years shorter than a normal life expectancy. That outlook seems bleak for many, so the transportation industry has shifted its focus. With multiple resources now available for health and overall wellness, truckers can overcome the...

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  93. Image for Choosing Your Big Rig: Leasing a Truck vs. Buying
    Freight Broker, Trucking Factoring, Trucking Tips

    Choosing Your Big Rig: Leasing a Truck vs. Buying

    Purchasing a truck can be a significant expense, even for the most established trucking companies. As with most vehicles, acquiring a truck typically requires either a lease or a purchase. Which is the wisest investment? Let’s take a look at some of the pros and cons associated with each option...

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  94. Image for The Goldilocks Effect: Payroll Funding That Is Just Right
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips, Staffing, Staffing Tips

    The Goldilocks Effect: Payroll Funding That Is Just Right

    You’ve probably heard the well-worn story of Goldilocks and the Three Bears. In this age-old tale, young Goldilocks is out for a walk in the woods when she stumbles upon the cabin belonging to the three bears. Upon entering and realizing nobody was home, she tests out each of the...

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  95. Image for Small Business Factoring – Taking the Next Step
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    Small Business Factoring – Taking the Next Step

    Keeping up with the demands of a successful business venture, while at the same time, trying to achieve ongoing growth can be quite challenging – even for the most seasoned professional. Whether it’s expanding to reach new market segments, opening additional locations, hiring more employees or whatever else the case...

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  96. Image for The Importance of Finding Your Niche While Maintaining Flexibility
    Entrepreneurship, Freight Broker, Freight Broker Tips, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    The Importance of Finding Your Niche While Maintaining Flexibility

    The freight brokerage industry is one of intense competition. While being flexible is important, identifying a specific niche to focus on can help your firm stand out and improve your chances of sustained profitability. Some freight brokers naturally know what markets they should target based on their experience within the...

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  97. Image for Freight Factoring Can Keep You Rolling
    Freight Broker, Trucking Factoring, Trucking Tips

    Freight Factoring Can Keep You Rolling

    Cash flow problems can cause you to put the brakes on your trucking business. Before you find yourself running on empty, take a look at freight factoring; it’s cash flow without debt. You may have heard of this type of financing before around the truck stop or at trade shows under...

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  98. Image for Small Business Social Media 101: How to Start Using Social Media
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips, Social Media

    Small Business Social Media 101: How to Start Using Social Media

    Social media is revolutionizing our world, not only in the way we connect with others but also how businesses market. With 74% of internet users using social media, small businesses can’t ignore that a large part of their audience are active on social networking sites. This audience is filled with...

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  99. Image for Get Ahead with Your Carriers: 5 Freight Broker Software Products
    Freight Broker, Freight Broker Tips, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips, Software

    Get Ahead with Your Carriers: 5 Freight Broker Software Products

    Utilizing software product can play a big role in the success of a freight brokerage for a number of reasons. First, it can help streamline operations. It can also dramatically improve efficiency and productivity levels. Finally, it’s one of the most effective ways to maintain compliance at all times. The...

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  100. Image for We Ranked the Top Critical Truck Driver Safety Tips
    Freight Broker, Trucking Factoring, Trucking Tips

    We Ranked the Top Critical Truck Driver Safety Tips

    Driving a truck may seem pretty simple and straightforward, but given the size and power of these vehicles, safety is critical. That’s why a significant portion of all truck driver training programs is devoted to teaching future drivers how to keep themselves and other operators safe on the road, while...

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  101. Image for Exposing the Myths of Small Business Government Contracting
    Entrepreneurship, Government Contract, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    Exposing the Myths of Small Business Government Contracting

    Did you know that the U.S. government actually has a goal to award nearly one-quarter of its prime contracts to small businesses? Furthermore, Congress approves over $1 trillion in spending just about every year. Though this is great news, a good number of small businesses are still hesitant to get...

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  102. Image for Small Business Owners: Pay Attention to These Tax Tips
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips

    Small Business Owners: Pay Attention to These Tax Tips

    It’s that time of year again – tax season. As a small business owner, there are a number of unique considerations that you must account for while preparing to file. To make things a little easier, we’ve pulled together some best practices and small business tax preparation tips below. First you...

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  103. Image for Recruiting Strategies to Catch the Millennials
    Entrepreneurship, Growth, Invoice Factoring., Recruiting, Small Business Factoring, Small Business Tips, Staffing, Staffing Tips

    Recruiting Strategies to Catch the Millennials

    Staying up-to-date on the latest recruiting strategies can be tough, particularly when it comes to attracting quality candidates from the millennial generation. The reason it’s so challenging is because individuals from this demographic are markedly different from previous generations. Before you find yourself frustrated and ready to throw in the...

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  104. Image for Tax Tips for Staffing Agencies
    Entrepreneurship, Growth, Invoice Factoring., Small Business Factoring, Small Business Tips, Staffing, Staffing Tips

    Tax Tips for Staffing Agencies

    With the new year comes concerns about staffing news and about correctly filing staffing taxes for your temporary staffing agency. Tax surprises are rarely good. Whether you have filed before or your agency is new within the last year, getting through tax season with accurate and acceptable payroll and tax...

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  105. Image for Electronic Logging Devices: What this Mandate Means for You
    Freight Broker, Trucking Factoring, Trucking Tips

    Electronic Logging Devices: What this Mandate Means for You

    The clock has started ticking. On December 16, 2015, the Federal Motor Carrier Safety Administration (FMCSA) published the official Electronic Logging Device (ELD) mandate, enforcing the adoption of ELDs by all truck drivers before December 18, 2017. Not only did the FMSCA publish this rule by Congressional mandate, but they also...

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  106. Myron Web Portal Mobile App

    4x BBQ World Champion, Myron Mixon, Explains How to use Triumph’s Web Portal and Mobile App in Less Than 10 Seconds. My Triumph Web Portal and Mobile App With MyTriumph, you’ll see the real-time status of invoices purchased, which invoices are still being processed, and which items require your attention. And with...

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  107. Myron Truck Insurance

    4x BBQ World Champion, Myron Mixon, Addresses Some of the Pitfalls of Truck Insurance. Triumph Truck Insurance Insurance is one of the major costs in any business operation. Sometimes, the type of coverage and payment structure can be the difference between success and failure of an operation. Triumph Insurance Group was created...

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  108. Myron Online Broker Credit

    4x BBQ World Champion, Myron Mixon, Explains Triumph’s Online Broker Credit in Less Than 10 Seconds. Online Broker Credit Our trucking clients can access freight broker credit checks through our online portal. We provide daily monitoring of over 80,000 freight broker and freight forwarder authorities. And free credit checks take the guess-work...

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  109. Myron Invoice Factoring

    4x BBQ World Champion, Myron Mixon, Explains Invoice Factoring in Less Than 10 Seconds. Invoice Factoring Deliver a load, submit your paperwork, and Triumph will pay your invoices in 24 hours or less. That’s just where we start. Triumph’s other services – online credit checks, fuel discounts, fuel advances, DAT load boards, insurance and,...

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  110. Myron Hours of Service

    4x BBQ World Champion, Myron Mixon, Outlines the Government’s Hours of Service Regulations in Less Than 10 Seconds. Hours of Service Regulations A rested truck driver is a safe truck driver. We agree. It’s not a hard concept to grasp – unless, of course, you are dealing with government process. Maybe we...

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  111. Myron Fuel Advances

    4x BBQ World Champion, Myron Mixon, Explains Triumph’s Fuel Advance Program in Less Than 10 Seconds. Fuel Advances Find a load and factor it through Triumph Business Capital, by sending us a request along with rate confirmation and bill of lading. In most cases, you’ll be eligible for a 50% fuel advance,...

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  112. Myron Best BBQ

    4x BBQ World Champion, Myron Mixon, explains which region of the country produces the best BBQ and why. The Best BBQ in the country is…. Good food is good food is good food. The art, effort, and entertainment that surrounds preparing good food makes it special. As Myron says, “Life is too...

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  113. Myron Ascend 2 Triumph

    4x BBQ World Champion, Myron Mixon, Explains Ascend2Triumph in Less Than 10 Seconds. Just complete your load in AscendTMS, click “Get Paid”, and you’re done. The Ascend2Triumph seamless integration bundles up your completed load and invoice documentation with the click of a single button. No paper, no sweat, no delays. Get in...

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  114. Image for Paying Back Uncle Sam: Tax Tips for Truckers
    Freight Broker, Trucking Factoring, Trucking Tips

    Paying Back Uncle Sam: Tax Tips for Truckers

    It’s almost that time of year again – tax season. For truck drivers, there are many unique deductions available that can help reduce monies owed and maximize returns. Before sitting down with your accountant or tax advisor, here are some of the things to take into consideration that will help...

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  115. Image for 5 Staffing Trends for 2016

    5 Staffing Trends for 2016

    As a successful staffing professional, you’re probably in the process of setting your goals and objectives for the coming year. In doing so, it’s important to consider the trends that are expected to occur over the next 12 months. This will help you to better align your own business strategies...

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  116. Image for Recruiting Top Talent without the Perks of Big Business

    Recruiting Top Talent without the Perks of Big Business

    As a small business, you face many challenges, particularly when it comes to competing with larger organizations. One area where this can be especially impactful is in the area of staffing. Simply put, it can be difficult to attract and recruit top talent when compared with some of the big...

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  117. Image for How Relationships Can Help You Win a Government Contract

    How Relationships Can Help You Win a Government Contract

    Winning a government contract involves a lot more than simply drafting up a great proposal. It’s the relationships that you develop with the right people along the way that will ultimately bring you the success you’re after. To get you pointed in the right direction, here are a few practical...

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  118. Image for How to Find the Right Transportation Management System (TMS)

    How to Find the Right Transportation Management System (TMS)

    The most important freight broker software system that anyone in the freight brokerage industry needs is a Transportation Management System (or TMS for short). A quality TMS can help you match the right carriers with the appropriate loads, route those loads most effectively and streamline other critical organizational needs you...

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  119. Image for Doing Business With the Federal Government: An Overview – Part 2

    Doing Business With the Federal Government: An Overview – Part 2

    Sandra Walls is President and CEO of AIL Logistics Solutions, a multimillion-dollar, Memphis-based, service-disabled veteran-, woman- and minority-owned company that provides diverse logistics and technical support solutions to government and commercial clients. A retired Lieutenant Colonel in the United States Air Force, Ms. Walls joined the company after serving 22...

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  120. Image for Growing a Staffing Agency with Invoice Factoring

    Growing a Staffing Agency with Invoice Factoring

    Ask any CEO what the main challenges of their business are and in the top five will likely be attracting and retaining top talent for their business. Being able to provide your clients’ access to top talent in their industry can set your staffing agency apart from others. Even if...

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  121. Image for How to Keep Your Freight Brokerage on Target with Invoice Factoring

    How to Keep Your Freight Brokerage on Target with Invoice Factoring

    The freight broker life can be a stressful life. You spend your days as a middle man working with shippers and carriers to get loads from point A to point B. Stress really sets in when it’s time for your carriers to be paid, but the shipper hasn’t paid you;...

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  122. Image for Now You Can Conduct the Perfect Phone Interview: Well, Hello, Hire!

    Now You Can Conduct the Perfect Phone Interview: Well, Hello, Hire!

    When they’re done right, phone interviews can save time by pre-screening candidates and provide information you won’t find in any resume. Done poorly, they can be awkward, impersonal, and ultimately ineffective as a screening tool. These 10 Tips will help you become a more effective interviewer, and narrow down candidates...

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  123. Image for Doing Business With the Federal Government: Interview with Sandra Walls

    Doing Business With the Federal Government: Interview with Sandra Walls

    Sandra Walls is President and CEO of AIL Logistics Solutions, a multimillion-dollar, Memphis-based, service-disabled veteran-, woman- and minority-owned company that provides diverse logistics and technical support solutions to government and commercial clients. A retired Lieutenant Colonel in the United States Air Force, Ms. Walls joined the company after serving 22...

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  124. Image for Break the Ice With Your Carriers:  3 Relationship-Building Tips for Freight Brokers

    Break the Ice With Your Carriers: 3 Relationship-Building Tips for Freight Brokers

    Even in the age of social media, there’s no substitute for real relationships. With today’s online load boards, social media networks, and nationwide WiFi, it’s possible for a freight broker to schedule a load without ever coming face-to-face with the carrier. You might not even have to pick up the phone....

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  125. Image for Winter Trucking Tips You Need to Know
    Freight Broker, Trucking Factoring, Trucking Tips

    Winter Trucking Tips You Need to Know

    The weather outside is frightful, but these winter trucking tips should make your drive a little more delightful. First, preparing for your drive starts before you even get on the road with a pre-trip inspection. You should already be completing a pre-trip inspection, but with winter road conditions, it’s recommended that...

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  126. Image for How the Real Grinch Stole Christmas: Keeping Cyber Criminals Away from Your Business

    How the Real Grinch Stole Christmas: Keeping Cyber Criminals Away from Your Business

    I love a classic Christmas movie, and one of my favorites is How the Grinch Stole Christmas. The Grinch lives high on a mountaintop away from all the villagers of Who-ville. To ruin their Christmas, he decides to sneak into town while they are all celebrating Christmas to steal all...

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  127. Image for Is Your MC Number Going Away?
    Freight Broker, Trucking Factoring, Trucking Tips

    Is Your MC Number Going Away?

    MC numbers. MX numbers. FF numbers. Soon, they’ll all be gone. In the near future, all interstate motor carriers will need just one number to complete the Federal Motor Carrier Safety Administration’s (FMCSA) registration process. Read on to find out why the change is happening, who is affected, how to...

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  128. Image for Does Your Next Great Idea Already Exist?

    Does Your Next Great Idea Already Exist?

    What’s worth more — your money or your time? If you’re considering filing a patent on your newest invention, you could be spending a lot of both. However, conducting a thorough patent search as early as possible could save you time and money in the long run. We recommend contacting...

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  129. Image for Should I Become a Government Contractor?

    Should I Become a Government Contractor?

    Last year, the U.S. government shelled out $447.6 billion in contract spending. Want a piece of that action? Becoming a government contractor definitely has its benefits, but if you’re thinking about taking the plunge into performing government work, it’s important to weigh the pros and cons first. Pros of Becoming a...

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  130. Image for How to Earn a Freight Broker Authority

    How to Earn a Freight Broker Authority

    Good pay. Control over your hours and benefits. Less time behind the wheel — and more time with your family. There are many reasons to become a freight broker, especially if you have a history of working in the trucking industry. According to payscale.com, freight broker salaries can range from...

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  131. Image for Cyber Security Tips for Your Small Business

    Cyber Security Tips for Your Small Business

    If someone were to ask me what app I use most on my phone, it would have to be my banking app. I am constantly checking my account. Some might find this obsessive, but I was a victim of a data breach a year or so ago, and I am...

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  132. Image for What to Look For When Hiring a COO

    What to Look For When Hiring a COO

    Part 2 of an interview with Stanton Williams, a growth-driving president/CEO with two decades in the financial services industry and co-founder of a mobile app/social media technology venture. In this article, he discusses the role of a company’s chief operating officer and the importance of identifying the right person for...

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  133. Image for A CEO’s Perspective on Executive Staffing: Interview with Stanton Williams

    A CEO’s Perspective on Executive Staffing: Interview with Stanton Williams

    Stanton Williams is a growth-focused president/CEO with extensive experience driving results in a fun, accountable culture. He recently acquired and became CEO of V-Rooms, a 10-year-old company that enables the secure sharing of sensitive business documents. Prior to that, he was a cofounding partner of Reach 1-2-1 Mobile, a mobile...

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  134. Image for The State of Freight Brokerage Industry in 2015

    The State of Freight Brokerage Industry in 2015

    High pay. Growing demand. Stable industry. It’s a good time to be a freight broker. Here’s what the industry looks like today. If you’re considering becoming a freight broker — or wondering if you’ve made the right choice — we’ve got good news for you. Despite recent setbacks, the industry is...

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  135. Image for The Push to Help You Stay a Healthy Trucker
    Freight Broker, Trucking Factoring, Trucking Tips

    The Push to Help You Stay a Healthy Trucker

    The average life expectancy in the U.S. is 78.7 years — but for truckers, it’s only around 60. While job risks like traffic accidents are partly to blame, the trucking lifestyle may be the bigger culprit. Here’s what truckers are doing to change the statistics, and create longer, healthier lives. Why...

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  136. Image for Analysis of the Staffing Industry: Growth & Looking Forward

    Analysis of the Staffing Industry: Growth & Looking Forward

    Economists say post-recession growth is sluggish — but the staffing industry is doing great. Read on to learn how staffing growth compares to the overall economy, which sectors are growing fastest, and what to expect in 2016. Long Recession. Slow Recovery. Unemployment is down. Job growth is up. So, why are economists...

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  137. Image for Tips to Writing a Flawless Government Proposal

    Tips to Writing a Flawless Government Proposal

    Thousands of rules and regulations. Hundreds of line items and questions. One blank sheet of paper. If you’re dreading the process of writing a government proposal, read on. These quick tips will help you get started writing the best government proposal possible — and they maybe even help you get...

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  138. Image for Fear and Loathing in Freight Brokering

    Fear and Loathing in Freight Brokering

    Hunter S. Thomson wrote, “Anything that gets your blood racing is probably worth doing.” What he did not specify is HOW to get your blood racing. If you know Mr. Thomson and his work (“Fear and Loathing in Las Vegas,” among others) you know he probably meant something illegal! However...

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  139. Image for How to Successfully Obtain 8a Certification

    How to Successfully Obtain 8a Certification

    Thanks to the U.S. Small Business Administration’s 8(a) Business Development Program, economically and socially disadvantaged business owners can land new opportunities to participate in America’s mainstream economic engine. Success in obtaining 8(a) certification can propel the growth of eligible small businesses through lucrative opportunities in the federal marketplace. 8a eligibility guidelines It’s...

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  140. Image for Local Businesses – How to Make Yourself Visible on Google

    Local Businesses – How to Make Yourself Visible on Google

    Before new customers arrive at your front counter to check out, there’s a high probability they will first turn to their mobile devices and do a local search. Out of every three customers, at least one of them performs local searches prior to shopping. Google statistics show a compelling 73...

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  141. Image for How to Make it Through Your First Year as an Owner-Operator
    Freight Broker, Trucking Factoring, Trucking Tips

    How to Make it Through Your First Year as an Owner-Operator

    So you’ve decided to leap from employed trucker to becoming an owner-operator. There are definite advantages to having your own authority and being your own boss: setting your own schedule; choosing loads and lanes that suit you; leaving company politics, rules and dispatcher favoritism in your rearview mirror. But where much...

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  142. Image for How to Hire the Right People

    How to Hire the Right People

    As a staffing agency recruiter, you’ve been rewarded with revenue and loyalty from great hires – and felt the fallout from bad ones. According to the Harvard Business Review, bad hiring choices result in 80 percent of employee turnover. No wonder companies today are being more cautious. And, it makes...

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  143. Image for Benefits of Joining the TIA

    Benefits of Joining the TIA

    Freight brokers and other transportation intermediaries, commonly known as third-party logistics companies (3PLs), play a key role in domestic and international commerce. You may not be aware that there’s an organization specifically dedicated to advancing your interests by marshaling that collective power: the Transportation Intermediaries Association. The premier organization for 3PL...

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  144. Image for How to Choose the Right Fuel Card
    Freight Broker, Trucking Factoring, Trucking Tips

    How to Choose the Right Fuel Card

    What could you do with $1,080 extra per year, per truck in your fleet? You could be saving this much or more just by using the right discount fuel card. With so many fuel card options available, it can be hard to know how to choose the right one. In...

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  145. Image for 15 Fun Facts About the U.S. Trucking Industry
    Freight Broker, Trucking Factoring, Trucking Tips

    15 Fun Facts About the U.S. Trucking Industry

    You can probably recite a slew of metrics about your own operations, but you may not be aware of the role trucking plays in the U.S. economy or the extent of its reach. Here are 15 interesting tidbits about the industry you live and breathe: Charles Freuhauf invented the first tractor-trailer...

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  146. Image for 6 Questions Owner Operators Should Ask A Freight Broker
    Freight Broker, Trucking Factoring, Trucking Tips

    6 Questions Owner Operators Should Ask A Freight Broker

    Even though a freight broker is entrusting your trucks and drivers with their customers’ shipments, you’re on the hook if they’re not trustworthy, financially strong or a performance-focused owner-operator. Here are the top six questions to ask before you take on a job with a new freight brokerage. Is the freight...

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  147. Image for 8 Common Payroll Pitfalls Facing Staffing Agencies

    8 Common Payroll Pitfalls Facing Staffing Agencies

    Making sure that employees’ paychecks are correct and on time – every time – goes a long way in keeping them satisfied. If your staffing agency fails to pay employees correctly, watch out for poor performance and low morale. And that’s just the beginning. At least 33 percent of businesses make...

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  148. Image for 20 Key Questions to Ask Candidates’ References

    20 Key Questions to Ask Candidates’ References

    As a staffing agency recruiter, you understand the fallout that can result from an inadequate reference check when vetting job candidates. Not taking the time to do a thorough reference check, or asking the wrong questions can cost your firm in lost business, contracts and goodwill. In fact, a 2013...

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  149. Image for Seven Staffing Industry Trends to Track and Tap in 2015

    Seven Staffing Industry Trends to Track and Tap in 2015

    The good news halfway through 2015: Unemployment is relatively low and staffing needs remain robust. But competition for top talent – individuals with coveted skills and capabilities – has ramped up too. This requires employers and staffing firms alike to bring their “A” game; maintain an appealing, dynamic presence using...

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  150. Image for Reasons Staffing Agencies Fail & Where Staffing Factoring Can Help

    Reasons Staffing Agencies Fail & Where Staffing Factoring Can Help

    There are about 17,000 staffing and recruiting companies in the U.S., according to the American Staffing Association (ASA) — but not all of those agencies will succeed. The ASA recently reported that staffing industry growth is outpacing overall economic and employment growth, even though labor force participation is at the...

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  151. Image for Keep Your Business Hip With these Tips

    Keep Your Business Hip With these Tips

    I’m an accidental entrepreneur. Thirty years I was a project manager in the marketing department of a North American specialty retailer, managing the production and distribution of signage and seasonal displays, and writing and overseeing merchandising guides, direct mail pieces, special event and other promotional materials for our 700-plus stores....

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  152. Image for How & When to Say “NO” in Business

    How & When to Say “NO” in Business

    In my first year as a business owner, I made the same salary as when I was working for someone else. The second year, I doubled it. Once you get past the leap of believing you can make it on your own, the next big hurdle — having too much...

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  153. Image for Build Your Network and Watch Your Small Business Grow

    Build Your Network and Watch Your Small Business Grow

    When I was building my business, I volunteered as programs chair on the board of a women’s technology nonprofit organization. I used my connections to help plan the first six months of programs for the following year and also coordinated logistics such as booking the restaurants for our meetings. I...

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  154. Image for Top 10 Free Online Resources to Market Your Business

    Top 10 Free Online Resources to Market Your Business

    If you have $41,000 to spend on marketing, you can stop reading this article. That’s the average salary for a Social Media Specialist, according to payscale.com — and while it may not sound like much, it’s a lot for most small business owners. Fortunately, there are a number of free...

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  155. Image for What You Need to Know About Government Contracting Rules

    What You Need to Know About Government Contracting Rules

    Want to learn all the rules & regulations of government contracting? How much time do you have? If you’re looking for a quick list of rules for bidding on a government job, I’ve got good news and bad news. Let’s start with the good: if you’re a small business, the government...

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  156. Image for 10 Most Frequently Asked Government Contracting Questions

    10 Most Frequently Asked Government Contracting Questions

    You’ve got to spend money to make money — and the U.S. government does both. Literally. As the world’s largest purchaser, the government spends billions every year. However, the only thing it makes is money. That means the government relies on private businesses, large and small, for almost everything else. Curious...

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  157. Image for How to Bid on Government Contracts  … and WIN

    How to Bid on Government Contracts … and WIN

    It should come as no surprise that the U.S. Government is our nation’s biggest purchaser of goods and services. What is impressive is that 23 percent of that spending, amounting to $115 billion, is set aside specifically for small businesses. So, what does it take to bid on government contracts...

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  158. Image for The Secret to Getting the Right Government Contract

    The Secret to Getting the Right Government Contract

    $100 billion is on the table. Will you take it? According to the U.S. Small Business Administration (SBA), the government awards nearly $100 billion in contracts to small businesses every year. However, all government contracts are not created equal. Some contracts may not pay enough to be worth your while,...

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  159. Image for 5 Steps to Starting Your Own Freight Brokerage

    5 Steps to Starting Your Own Freight Brokerage

    Make more money. Be your own boss. Spend less time on the road, and more time with your family. There are many reasons why you may want to start your own freight brokerage, and the payoff can be huge. However, according to Bloomberg, 8 out of 10 entrepreneurs who start...

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  160. Image for Freight Broker Bond Renewal Deadline is Looming

    Freight Broker Bond Renewal Deadline is Looming

    The October 1 deadline for renewing your annual freight broker’s bond and license is fast approaching. Unfortunately, despite the shock and industry opposition following the increase from $10,000 to $75,000 in 2013, there is no point to putting off this expenditure in hopes that it will drop significantly. Instead, here...

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  161. Image for Fierce Digital Marketing for Freight Brokers

    Fierce Digital Marketing for Freight Brokers

    The loads you broker to carriers may travel for days over the road, but the impressions conveyed by your brokerage via digital channels can be more immediate and impactful. That’s why it pays to invest in engaging with your customers online. Tap the power of web-based, social and mobile marketing...

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  162. Image for 3 Tips for Brokers to Find Quality Carriers

    3 Tips for Brokers to Find Quality Carriers

    It’s every freight broker’s worst nightmare: You finally landed the big account you wanted, and you’ve been awarded a contract to serve as freight broker. If you can keep your client happy, you could see your business grow by double. But on the day their first load arrives, you get...

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  163. Image for To Sign or Not to Sign – This is THE Question

    To Sign or Not to Sign – This is THE Question

    When did signatures become so important? If you were back in the year 1473 (Islamic calendar 877-878, Hebrew calendar 5233-5234), you would find it hard to find a writing implement to use, and it would probably be even harder to find actual paper on which to sign. We take these things...

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  164. Image for How to Hire Drivers– and Keep Them During a Truck Driver Shortage
    Freight Broker, Trucking Factoring, Trucking Tips

    How to Hire Drivers– and Keep Them During a Truck Driver Shortage

    For today’s generation, trucking doesn’t seem to hold much appeal. Long hours on the road, time spent away from family, and mediocre pay is leading to increasingly high turnover rates and driver shortages. In fact, according to the American Trucking Association, the industry needs 30,000 more drivers to meet current...

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  165. Image for What is Non-Recourse Factoring?

    What is Non-Recourse Factoring?

    You’re a small business owner and you need financing. The first stop is your local bank where you get the sympathetic shake of the head from the loan officer. “Sorry, we can’t help with a loan but how about a checking account?” A checking account isn’t going to cut it...

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  166. Image for Why Is My Insurance So Expensive?
    Freight Broker, Trucking Factoring, Trucking Tips

    Why Is My Insurance So Expensive?

    When most people go to buy trucking insurance, they expect the obvious questions: How many trucks do you own? Where is your company domiciled? What commodities do you haul?  What is your travel radius?  Insurance companies use this information to formulate your premium.  But, what else goes into rating a commercial...

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  167. Image for Trucking is the Fastest Growing Small Business Industry
    Freight Broker, Trucking Factoring, Trucking Tips

    Trucking is the Fastest Growing Small Business Industry

    As the economy grows, one industry is standing out as the fastest growing small business industry—trucking. According to a recent article from Triumph Bancorp, parent company to Triumph Business Capital, the trucking industry has seen a 25 percent uptick in sales over the last year, indicating large growth. The American Trucking...

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  168. Image for Which is better — invoice factoring or a loan?

    Which is better — invoice factoring or a loan?

    If you’re having trouble getting approved for a loan, you’re not alone. According to the 2014 Small Business Survey, 44 percent of firms who applied for loans failed to receive any credit. The biggest reasons? Low credit scores, insufficient collateral, and/or weak business performance. In recent years, it’s become more...

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  169. Image for Invoice Factoring vs. Merchant Cash Advance

    Invoice Factoring vs. Merchant Cash Advance

    Which do you need in your corner? Back in high school and all of my college years, I was an amateur boxer with a real passion for the sport. Boxers function on muscle memory, which is why professionals like Manny Pacquiao are able to throw over a thousand punches in a...

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  170. Image for The Payroll Problem

    The Payroll Problem

    Spend less time stressing about making payroll, and more time working on your business. In February of 2012, when I was eight months pregnant, my husband’s employer filed for Chapter 11 Bankruptcy. We lost our health insurance (even though we had been paying the premiums), and my husband’s bonuses and vacation...

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  171. Image for Recession-Proofing Your Business with Invoice Factoring

    Recession-Proofing Your Business with Invoice Factoring

    My first cousin, James is a long-haul trucker based out of Pennsylvania, and every time he comes through my hometown of Dallas, I meet him at a Denny’s and offer to buy him breakfast. He never says no. It’s not just because James likes his grits (and he does like...

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  172. Image for How Invoice Factoring can Improve Cash Flow Forecasting

    How Invoice Factoring can Improve Cash Flow Forecasting

    When I tell people that I’m self-employed and I work from home, I know what they’re thinking. “Work from home? Yeah, right. She probably spends her day scanning Facebook, taking naps and doing laundry.” That is so ridiculous. I don’t do laundry. Kidding — but it is frustrating when people...

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  173. Image for How Can Invoice Factoring Affect Your Credit Score?

    How Can Invoice Factoring Affect Your Credit Score?

    “Sir,” I said, “I drive a paid-off Honda Accord. I pay all my bills on time. And my house will be paid off in three months. How could I be more credit-worthy?” At 34 years old, I applied for a loan to purchase an investment property with 25% down, for a...

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  174. Image for 5 Tips for Negotiating an Invoice Factoring Contract

    5 Tips for Negotiating an Invoice Factoring Contract

    The best factoring companies have your best interests in mind. Here’s how to select the right one for your business. I was perfectly happy with my streaming Internet service until a few months ago, when a lady on the phone called and convinced me to sign a two-year contract inviting cable...

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  175. Image for Pick a Niche
    Freight Broker, Trucking Factoring, Trucking Tips

    Pick a Niche

    Even if you already have your small trucking company up and rolling (pun intended), it’s not too late to further refine your business. One refinement you might consider is choosing a niche. You’ll often see that recommended in business articles for any industry, but it seems particularly necessary in trucking. Why...

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  176. Image for Who Knows You? By Timothy D. Brady
    Freight Broker, Trucking Factoring, Trucking Tips

    Who Knows You? By Timothy D. Brady

    Recently I saw an idiom that said “Hustle until you no longer need to introduce yourself.” This got me to thinking on a couple of related thoughts. Why would you stop hustling when everyone knows who you are? Under what circumstances would it be no longer necessary to introduce yourself to others? First...

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  177. Freight Broker, Trucking Factoring, Trucking Tips

    Tim Brady: Looking for Direct Shipper Freight – What’s the Solution?

    Nearly every small and micro-trucking company owner has asked this question several times. The smaller your operation, the more difficult it is to find the answer. So, many of us relegate ourselves to hauling wholesale (broker and load board) freight and leave the direct shipper freight to the bigger carriers....

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  178. Freight Brokers, Growth, Small Motor Carrier Archives | Triumph Business Capital, Tim Brady, Truck Factoring, Trucking Company Archives | Triumph Business Capital, Trucking Factoring

    Moving to the Next Level- Growing Your Trucking Company Part 1 by Timothy D. Brady

    The most common question I’m asked by owners/managers of small motor carriers is: “How do I grow my trucking company?” Moving your business to the next level isn’t based on luck. Growing a trucking company requires dedication and leaps of faith, but most of all it requires a solid business plan. This...

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  179. Freight Broker, Trucking Factoring, Trucking Tips

    Daylight Saving Time and Trucker Fatigue

    Maybe that hour ‘saved’ isn’t worth it There’s a joke going around the internet as a quote attributed to an old Indian chief concerning his opinion of Daylight Saving time. It says, “Only the government would come up with a plan where it is believed that if you cut of the...

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  180. Freight Broker, Trucking Factoring, Trucking Tips

    A Threat to Mom & Pop Trucking Companies

    Call out the troops – again Here we go again; the idea that creating more government regulation is the solution to the woes of the trucking industry. There’s currently a piece of legislation in front of Congress, H. R. 7, American Energy and Infrastructure Jobs Act of 2012. This Act addresses many...

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  181. Freight Broker, Trucking Factoring, Trucking Tips

    Medical Certificates, CDLs and Self-Certification

    At the end of this month, the FMCSA will require all states to include truck drivers’ medical certification status and information on each trucker’s medical examiner’s certificate in each driver’s Commercial Driver’s License Information System record. There’s also the requirement to self-certify whether he or she is an interstate or...

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  182. Freight Broker, Fuel Advance, Fuel Cards, Trucking Factoring, Trucking Tips

    Covering the Cost of Fuel

    I was recently tapped in an on-line conversation concerning the relevance of the fuel surcharge as a means of covering fuel costs. One poster stated: “Not to side with Timothy Brady, but the fuel surcharge is largely irrelevant. I could be saying that because I get one. What the FS really...

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  183. Freight Broker, Trucking Factoring, Trucking Tips

    Steps to Setting up a Profitable Freight Lane

    Setting up a profitable freight lane takes more than just being in the right place at the right time. It’s more about understanding the dynamics of what freight is moving in what direction during certain periods of a month. A freight ‘lane’ can be any of a number of shapes...

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  184. Freight Broker, Trucking Factoring, Trucking Tips

    Why Every Trucker Should Know His Break-even Point (BeP)

    A trucking company’s Break-even Points are the basis from which its hauling rate range is calculated. If the company owner or manager doesn’t know what it costs to operate a business, then success is very elusive. Many small trucking businesspeople are unsuccessful because they fail to cover the company’s cost...

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  185. Freight Broker, Trucking Factoring, Trucking Tips

    EOBRs: A Curse or a Benefit?

    Technology can be used either way By Timothy D. Brady EOBR technology is awesome, as a potential tool. But like any tool, it’s how it benefits everyone who uses it. But I have the same apprehension and fear as when I tested the QUALCOMM system back in its beginnings in the early...

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  186. Freight Broker, Trucking Factoring, Trucking Tips

    An Argument Against Deadheading

    (Even “cheap freight” pays something) By Timothy D. Brady  The pitfalls of driving a trucking route without paying freight should be avoided.  Some points I find it interesting: first, that there are still truckers who think if they can make a static rate per mile they’ll earn enough to make it in...

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  187. Freight Broker, Trucking Factoring, Trucking Tips

    Between the Ditches: ‘Sleeper Test’

    Trucking’s Shame “Keep it between the ditches” is highway slang for “drive safe.” This series is provided as a public service by Advance Business Capital. From Time Magazine: “Adriesue (“Bitsy”) Gomez, 33, is a “gear-jamming gal with white-line fever.” A woman truck driver from Los Angeles, she is also a pain in the...

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  188. Freight Broker, Trucking Factoring, Trucking Tips

    Truck Detention Time and the Law

    Publish your Rules Circular and prosper By Timothy Brady Last week Rep. Peter DeFazio, D-Ore, introduced a bill requiring the DOT to study industry detention practices and establish a maximum number of hours that drivers may be detained without being paid. The Government Accountability Office recently surveyed 300 truckers. 68% reported being detained within...

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  189. Freight Broker, Trucking Factoring, Trucking Tips

    How to Know If Your Hauling Rate Is Correct

    By guess and by golly won’t work By Timothy Brady According to Logistics Management 2011 Rate Outlook (http://www.logisticsmgmt.com/article/2011_logistics_rate_outlook/)“Volatile oil and diesel prices, capacity shortages, another looming driver crisis, debilitating regulatory uncertainties, and an improving economy have led industry analysts across all modes to one conclusion: Shippers will have to shoulder some of...

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  190. Freight Broker, Trucking Factoring, Trucking Tips

    What’s In Your Pitch To Shippers?

    A deeper discount? Better hold onto your shirt By Timothy Brady Under the current economic atmosphere, large segments of the trucking industry have fallen into the trap of “Volume Discounting.”  The greater volume a customer has to ship, the lower his shipping cost. While this works to a point, beyond that point...

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  191. Freight Broker, Trucking Factoring, Trucking Tips

    How to Exit a Trucking Business

    You do what you gotta do By Timothy Brady Have you ever been rolling down the interstate, suddenly looked at the fuel gauge and realized: “I’m not sure I’ll make it to where I was going to fuel next.” All kinds of thoughts start going through your mind. Where’s the next fuel...

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  192. Freight Broker, Trucking Factoring, Trucking Tips

    Developing a Niche 1

    Niche Hauling: a geographic area, commodity, particular service, unique method, or specialized market for which a small trucking company is best suited. For the small or start-up trucking company, the highway to success is to find a specific niche which is not filled by the more traditional, larger trucking companies. Under...

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  193. Freight Broker, Trucking Factoring, Trucking Tips

    Do You Know Your Break-Even Point?

    How important is knowing your Break-Even Point when you are a trucker? I’m constantly saying, “You’ve got to know your Break-Even Point!”  But is it that important? According to Renee Cloud, of Clerical Business Solutions, a business management company providing business consulting & administrative support (virtual assistant services): “A number one rule...

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  194. Freight Broker, Trucking Factoring, Trucking Tips

    What Determines the Quality of a Load?

    In the last blog, we went through the process of determining the value of a load, but that was only the first step in selecting which loads to haul and which ones to leave on the dock. Now for the next step, looking at the quality of a load. Value...

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  195. Freight Broker, Trucking Factoring, Trucking Tips

    The Profitable Trucking Company

    How to make a profit in today’s trucking industry. Are you asking yourself if you can really make a profit in trucking today, especially with fuel going up again and the freight still not recovering? That’s the 64,000-dollar question for most trucking companies. I’d still say, yes, you can make a profit...

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  196. Freight Broker, Trucking Factoring, Trucking Tips

    What Is Lane Density?

    What is lane density? This is a term you may or may not have heard in the course of doing business as a trucker. But as you’re about to see, it’s very important in determining whether you are profitable or not. This applies to a single truck operation or multiple...

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