Articles

Articles by Stan Prokop

Browse every published article connected to Stan Prokop, with exact attribution and full-archive search.

articles
128
shown per page
50
search signals
Topic + expert

Articles

128 articles by Stan Prokop · showing 50

Browse every published article connected to Stan Prokop, or search within this exact expert archive.

By Stan ProkopRecently published1 topic

Know The Happiness Formula For Cash Flow Financing And Working Capital Problems ?

Cash flow financing in Canada. Is there in fact a ' happiness formula' for solving and managing through cash flow problems? In our opinion it's really a combination of management as well as sourcing the proper solution based on your firm’s particular situation. Let's examine some tools, tips and strategies around what we might consider a ' Happiness Formula '! in Canadian business financing.

Primary topic: Entrepreneurs
Entrepreneurs
960 views
Read article
By Stan ProkopRecently published1 topic

Don’t Tell Anyone But Here’s Six Points And Strategies For Dealing With Business Equipment Finance Companies For Leasing Success

Thousands of Canadian business owners and financial managers turn to equipment leasing in Canada for asset financing. We can safely say that this method of Canadian business finance can be a simple or as complex as you wanted to make it. Our goal is to ensure you consider don’t consider an equipment lease simply for the fact that you don’t understand both the mechanics and advantages. Not all benefits might accrue to your firm when considering a lease, but you sure want to be able to maximize the tangible and intangible benefits.

Primary topic: Entrepreneurs
Entrepreneurs
442 views3/5 (2)
Read article
By Stan ProkopRecently published1 topic

Financing A Business In Canada ? What Finance Company Or Solution Works Best?

Financing a business in Canada. One of our favorite writers recently reviewed a U.S. report focusing on the ability of a company to finance its business in the U.S. . . . The report was portrayed as a current ' pulse ' of the market, including input from business owners and entrepreneurs. That got us to thinking ... hey... this is Canada. Would that current ' pulse ' of the market be similar? Let's take a look and hopefully provide some insights into Canadian business financing.

Primary topic: Entrepreneurs
Entrepreneurs
830 views
Read article
By Stan ProkopRecently published1 topic

Avoiding Canadian Business Credit Nightmares. Banking And Bank Loans For Business In Canada

When it comes to Canadian business credit and banking in Canada (loans, credit lines, etc) it's more than a bit unfortunate that many business owners and financial managers view the process and the challenge as somewhat of a nightmare or at the very least a negative process. Let's examine how you can turnaround that process with a viewpoint towards success. And let's hope we can get rid of some of that negativity also.

Primary topic: Entrepreneurs
Entrepreneurs
771 views
Read article
By Stan ProkopRecently published1 topic

Don’t Make Mistakes In Sources Of Capital And Financing For A Canadian Business Loan. Debt Or Equity? What’s Best?

You're looking for sources of capital and financing for you Canadian business. A Loan? An equity arrangement? A monetization of assets ? What works best is of course the nagging question that continuously faces Canadian business owners and financial managers. Many Canadian businesses who contemplate equity type arrangements simply aren’t ready, and it’s also the most expensive form of financing when you consider the ownership dilution that comes with that strategy.

Primary topic: Entrepreneurs
Entrepreneurs
907 views2/5 (1)
Read article
By Stan ProkopRecently published1 topic

Recognize These Business Finance Problems and Financing Challenges?

Business finance problems. Got the ability to spot financing challenges when it comes to the immediate and longer term issues that face your firm in the Canadian business environment? We have always felt that some positive proactive techniques and information can go a long way to your health... and that’s better business health we're talking about by the way!

Primary topic: Entrepreneurs
Entrepreneurs
765 views
Read article
By Stan ProkopRecently published1 topic

How Competitors Beat You At Vendor Finance and A Customer Financing Plan For Your ( Lost ) Clients

Here's the problem. You don't have one, your competitors do. We're talking about a customer financing plan for your products and related services. And can we all agree that a competitive disadvantage is not a good thing, which is why Canadian business owners and financial managers might well want to consider a vendor finance program for clients/ So how exactly does Canadian business benefit from the ability to offer customer finance solutions for clients. If we had to sum it all up into one thing we guess it well might be: ‘Increasing the sale of your products '!

Primary topic: Entrepreneurs
Entrepreneurs
546 views
Read article
By Stan ProkopRecently published1 topic

ABL Asset Based Finance - Recognize These Early Warning Signs For Your Need for The New Paradigm In Revolving Lines Of Credit

ABL asset based finance can be the solution for business revolving lines of credit when your current finance strategy isn't working. And what are those early warning signs? They include situations where your financing currently just isn’t working due to financial challenges you have experienced in the past. They also include acquisition scenarios, turnarounds, and the proverbial double edged sword, high growth.

Primary topic: Entrepreneurs
Entrepreneurs
1,010 views2/5 (1)
Read article
By Stan ProkopRecently published1 topic

How To Avoid Business Operating Cash Flow Problems And Improve Financing Success

Many Canadian business owners and financial managers find out the hard way that business success is almost always also tied to having, and improving their operating cash flow. It's when sales and profits don't match cash and working capital that the problem begins. Bottom line, getting rich on paper only is not all that fun!

Primary topic: Entrepreneurs
Entrepreneurs
497 views
Read article
By Stan ProkopRecently published1 topic

The Secret Of Matching The Right Financing To Your Loan For A Franchise – Business Loans For Franchises .. Done Right

When looking for a loan for a franchise is it important to match the right financing to your purchase? You bet it is! That's why some solid knowledge and tips in business loans for franchisees is definitely in order!.. Where exactly then does financing come in when it relates to the purchase of a franchise .It's critical. Because even though franchising provides you with an already proven business model its safe to say there is no real guarantee on cash flows and revenues.

Primary topic: Entrepreneurs
Entrepreneurs
821 views3/5 (2)
Read article
By Stan ProkopRecently published1 topic

How To Finance A Company In Canada .Mistakes You Don’t Want To Make In Cash Flow Financing

How To Finance A Company...that's the challenge for owners of new and existing businesses in Canada when it comes to equity, debt, and cash flow financing. Let's examine some basic aspects surrounding that issue with a focus on how Canadian business owners and financial managers can both identify and then source capital. Our focus will be primarily outside of the equity arena as private and public entity is... well... a whole different kettle of fish.

Primary topic: Entrepreneurs
Entrepreneurs
757 views
Read article
By Stan ProkopRecently published1 topic

Don’t Fall For Wrong Info On Getting A Canadian Franchise Business Loan - Get The Bank Franchising Finance You Need

Misinformation. It's everywhere it seems. That’s why we think there's some room for some solid information around a franchise business loan in Canada, with, and without the franchising bank finance you are probably looking for. The whole issue of ' the bank ' is probably where a lot of the mystery, apprehension and misinformation lie when it comes to franchising finance in the Canadian marketplace.

Primary topic: Entrepreneurs
Entrepreneurs
457 views
Read article
By Stan ProkopRecently published1 topic

You Need More Than A Franchisee Business Plan When Financing a Franchise In Canada !

Purchasing and financing a franchise in Canada. Of course you do in fact need a franchisee business plan to support that transaction, but it's safe to say you need to cover off a lot of the other basics also. Let's examine how your business plan works within your overall finance strategy to successfully complete a franchise purchase in Canada. Oh, and by the way, that covers both a new purchase as well as buying an existing franchise from a current owner, in effect a ' resale '.

Primary topic: Entrepreneurs
Entrepreneurs
678 views
Read article
By Stan ProkopRecently published1 topic

Dealing With An Equipment Lease Company Seem Like The Occult Of Capital To You? Financial Leasing Is Common Sense. Here’s Why.

Not fully up to speed on how, when and why to deal with an equipment lease company in Canada. Financial leasing doesnt for capital assets your business needs doesn't have to seem like the occult to your company. Let’s establish some common sense ground rules on equipment leasing in Canada. Enter clarity! It tends to start at the ‘leasing versus buying ' decision. Whether you are a start up, in the SME sector, or a major corporation financial leasing of an asset will often work far better than an outlay of your firm’s cash in the form of a purchase.

Primary topic: Entrepreneurs
Entrepreneurs
679 views
Read article
By Stan ProkopRecently published1 topic

Need Business Turnaround Financing For Your Company? Canadian Solutions For Distressed Corporate Situations

Business turnaround financing for Canadian firms is clearly one of the most challenging forms of corporate finance for those firms experiencing distress from either internal or exte al factors, more often than not a combination of both . You can call it crisis management, turnaround management... whatever, bottom line, your company might need it. How then does a firm recognize that need, and what tools and financial solutions are available in Canada to implement a financial reorganization that makes sense.

Primary topic: Entrepreneurs
Entrepreneurs
661 views
Read article
By Stan ProkopRecently published1 topic

Danger Signs ( And Solutions!) For Canadian Working Capital Financing . Real World Cash Flow Solutions

Cash flow solutions are sort of best implemented when you know what the problem is. Makes sense, right ?We're discussing working capital financing and the danger signs your firm needs to look for to both prevent and of course solve some of those problems . The challenge in business financing many times is that both the challenges and the solutions to business financing aren't readily obvious. The good news to that story is of course that many finance challenges can be fixed with some very immediate solutions.

Primary topic: Entrepreneurs
Entrepreneurs
474 views
Read article
By Stan ProkopRecently published1 topic

Buying And Financing A Business Acquisition . Loans To Finance Existing Businesses

Buying and financing a business acquisition is one of the major challenges of firms in the SME (Small and medium enterprise) sector in Canada. Unlike the big boys who have access and funds available to hire expensive talent to complete the transaction the Canadian SME business owner and financial manager has the desire to complete a transaction , but needs help and information they traditionally don't have immediate access to .

Primary topic: Entrepreneurs
Entrepreneurs
719 views
Read article
By Stan ProkopRecently published1 topic

Liquidity Problems? Cash Flow Challenges? Bank Problem? Here’s Your Next Step

Liquidity problems and cash flow challenges plague thousands of Canadian business owners and financial managers. A lot of this challenge revolves around a company's inability to properly access bank financing in Canada. If that's the case what is the next step then? We think that next step understands your alte atives, ensuring you understand why you are in a liquidity crisis, i.e. that cash strapped feeling, and finally understanding what might get you back on the right course at the bank.

Primary topic: Entrepreneurs
Entrepreneurs
950 views
Read article
By Stan ProkopRecently published1 topic

2 Signs Your Business Is Going Broke And Your Solutions For Fixing Business Cash Flow Problems

Can you spot (or have you spotted already) business cash flow problems inside your firm? A better question might be - have you got some solutions to those problems! We've got some insights into both today. Business failure, temporarily, (or otherwise!) often comes back to cash flow and working capital. In some cases it's an ongoing situation that saps management strength - at other times it's a time bomb inside your firm, seeming ready to explode at any time as you hit the proverbial cash flow shortage wall! Your ability to perceive this challenge and correct it is of course critical.r

Primary topic: Entrepreneurs
Entrepreneurs
745 views
Read article
By Stan ProkopRecently published1 topic

Balancing the Cost of Canadian Receivable Financing With The Benefits . Making Sense Of Factor Rates And The Cost Of Factoring

It's not that hard of a business question... ‘Would you pay more for something if you thought the benefits far exceeded the cost?’ That's the ' balancing act' we refer to when we talk to clients about receivable financing, and the factor rates that are associated with that type of financing. Most business owners today have either heard about or perhaps even looked into factoring cost when they have investigated Canada's newest form of working capital and cash flow financing.

Primary topic: Entrepreneurs
Entrepreneurs
503 views3/5 (2)
Read article
By Stan ProkopRecently published1 topic

Interested In Why Equipment Lease Rates And Low Leasing Payments Might Not Be Important ? !

You tell us, because we sure don't know. We're talking about equipment lease rates, and why clients are almost always under the distinct impression that the concept of a ' low payment ‘ or a ' great rate ' via leasing finance in Canada is their sole focus . We recently came across some great information on that very subject, so let's try and put that in perspective from the viewpoint of the Canadian lessee and in the context of lease finance in Canada. (It differs considerably from the U.S.! via types of leases, market players, etc.!)

Primary topic: Entrepreneurs
Entrepreneurs
397 views
Read article
By Stan ProkopRecently published1 topic

Here’s One Method To Increase Liquidity . A Canadian ABL Asset Based Finance Co Solution

Business liquidity. We were watching a U.S. bank TV commercial the other day and they were talking about ' accelerating cash flow '. Many but not all Canadian business owners and managers are aware that the Canadian banking system is dramatically different from the U.S. one. Hundreds of U.S. banks focus very directly on commercial lending to the point that it's actually the largest part of their portfolios - that’s hardly the case in Canada of course where there is a major focus by banks on savings, mortgages, investments, securities work, etc.

Primary topic: Entrepreneurs
Entrepreneurs
754 views
Read article
By Stan ProkopRecently published1 topic

Canadian Business Banking Needs? The Edge On Bank Lines Of Credit ! Who’s Best In Canada ?

Does it all have to be that mysterious and frustrating? We're talking about achieving success in completing bank lines of credit for your business banking needs in Canada. And with the proper info and mindset, and some tips to follow we think you will have an excellent chance of securing the business financing you need. We'll also reveal who is the best banker in Canada, so stay tuned.

Primary topic: Entrepreneurs
Entrepreneurs
516 views2/5 (1)
Read article
By Stan ProkopRecently published1 topic

Do Your Competitors Use A Customer Finance Vendor Program To Beat You At The Sales Game?

Thinking about a customer finance vendor program? We know for sure that many Canadian business owners and financial managers recognize that their competition sometimes wins the sales battle, without even beating you at actual pricing / cost. How do they do that? If you had the ability to get to the bottom of the matter you just might find that your lost client was offered a financing solution by your competitor for a sale you should have made!

Primary topic: Entrepreneurs
Entrepreneurs
768 views
Read article
By Stan ProkopRecently published1 topic

Options And Sources Of Canadian Business Financing - Raising Business Finance

Let's be honest. What business owner or new entrepreneur doesn't want options and sources of business financing for Canadian companies or new ventures. Raising finance for any firm is a challenge - the larger corporations seem to have it down pat, but what about the small and medium sized business owner. Let's examine some options on how you can get capital for your business, and at the same time review some of the benefits, and risk, around some of these options.

Primary topic: Entrepreneurs
Entrepreneurs
558 views
Read article
By Stan ProkopRecently published1 topic

Film And Animation Project Finance - It’s A Mad Mad World Without The Canadian Film Tax Credits

Film and Animation finance in Canada. What producer/project owner wouldn’t agree that it's a ' mad world ' when it comes to financing a project. That's exact where Canadian film tax credits enter from stage left - they play a key component in our overall financing strategy. Let's examine that a bit. It's rarely a perfect world, but when on exists in film financing it’s a case of equity investors making a reasonable (or great?!) return on their original investment, and those mezzanine and gap type folks also achieving a solid return on principal and interest.

Primary topic: Entrepreneurs
Entrepreneurs
1,072 views1/5 (1)
Read article
By Stan ProkopRecently published1 topic

Looking To Fund Your Business ? 5 Tips On Start Up & Small Business Finance Companies And Banking In Canada

It sometimes seems that when you're bigger things always seem a bit easier - not always but most of the time. That’s why when you are looking to fund your business and you're a small to medium sized business owner or financial manager knowing which firms and finance companies are appropriate to deal with seems like a challenge. And business banking from a borrowing perspective seems like a huge challenge.

Primary topic: Entrepreneurs
Entrepreneurs
468 views2/5 (1)
Read article
By Stan ProkopRecently published1 topic

Warning ! Not Using AR Finance Could Be Hazardous To Business Health . Receivable Financing Via Factor Funding in Canada

AR (A/R) Finance is one method that Canadian business owners use to ensure they have the optimum level of accounts receivable and cash flow. It doesn't take long for Canadian business to realize that their receivables are in effect their funds that are sitting in someone else’s bank. And trust us that the large corporations figured that out a long time ago - they invest thousands and millions of dollars in credit and collection departments. We know, we've sat there!

Primary topic: Entrepreneurs
Entrepreneurs
655 views
Read article
By Stan ProkopRecently published1 topic

8 Reasons To Consider Canadian Receivables Finance And Accounts Receivable Service For Cash Flow

Receivables Finance! said the client. ‘Give me one good reason why .... ' We hear that one a lot , so we'll do one better and provide him, or her with 8 solid business reasons to consider an account receivable service for your cash flow financing needs . Reason # 1 is simply growth... one of the ultimate ironies we have found in business financing is that many clients are punished for growing. Generally of course that's growing too fast and traditional banking in Canada somewhat dislikes high growth.

Primary topic: Entrepreneurs
Entrepreneurs
663 views
Read article
By Stan ProkopRecently published1 topic

Caution - Danger Ahead ! IT Finance And Computer Leasing . Technology Financing Tips

It's probably just us, but we think there’s no aspect of equipment financing in Canada where one small piece of info could cost you, or make you thousands of dollars. Let's cover off some IT Financing (IT = Information technology) basics. All of a sudden that cautionary road sign up ahead wont be as much of a concern.

Primary topic: Entrepreneurs
Entrepreneurs
491 views
Read article
By Stan ProkopRecently published1 topic

The Canada Government Business Loan – Easier Than You Think ! SBL Loans Explained

The Canada government business loan. Does it seem unattainable to you or your business? It shouldn’t be, and part of the process of getting approved for SBL loans is simply the fact that Canadian business owners need to understand how the basic process of business lending translates into Canada’s popular federal financing program. So how popular? Well using 2010 as an example over 7000 businesses took advantage of the program, which begs the question - ' why hasn’t my firm looked into the program!’

Primary topic: Entrepreneurs
Entrepreneurs
539 views
Read article
By Stan ProkopRecently published1 topic

Understanding Receivable Financing Pricing And Rates Is Not Impossible! Invoice Discounting 101 - Now It’s Clear !

' Misunderstanding all you see ' ; those are lyrics from the Beatles ' Strawberry Fields ' , and talk about being a bit appropriate for the confusion around receivable financing and invoice discounting rates in Canada . So, talk about confusing... lets try and clear up some real basics around receivable finance in Canada -mostly along the lines of how it works and how it is priced. Clients are always providing their version of what they think they are getting but the reality is often far from that.

Primary topic: Entrepreneurs
Entrepreneurs
592 views
Read article
By Stan ProkopRecently published1 topic

Riddle Me This. Why Is The Cost And Mechanics Of An Accounts Receivable Financing Loan And Receivables Discounting So Misunderstood?

An accounts receivable financing loan? We think we have just answered our own question on the strategy known as invoice discounting or invoice finance... namely, the part about ' misunderstanding'. Why is that? Simply because technically it's not even a loan... so no debt, no interest paid, etc. Let's explain.

Primary topic: Entrepreneurs
Entrepreneurs
630 views
Read article
By Stan ProkopRecently published1 topic

Want Some Business Financing Privacy ? Canadian Confidential Receivables Financing Is An Alte ative To Commercial Finance Factoring Funding

We hear a lot these days about ' privacy’ and confidentiality in business these days. Well, here's a twist on that. How would you like to be the firm that has a confidential receivables financing facility in place when all your competitors and other firms are using traditional commercial finance factoring funding for their cash flow/working capital? Sounds interesting, right?

Primary topic: Entrepreneurs
Entrepreneurs
489 views2/5 (1)
Read article
By Stan ProkopRecently published1 topic

Therapy For Business Cash Flow Problems ? Working Capital Financing Solutions And Alte atives

Business Cash Flow Problems? Maybe some working capital therapy in order. Therapy - it's what they call a ' curative power ' , so let's examine some curative powers around one of the biggest challenges Canadian business financing, working capital and cash flow needs. We're all familiar with the old phrase ' you need money to make money ‘; well scratch that, we have re-written that one for today and we'll offer up ' you need working capital to make more money '!

Primary topic: Entrepreneurs
Entrepreneurs
979 views2/5 (1)
Read article
By Stan ProkopRecently published1 topic

6 Ways To Compare And Analyze Asset Based Lending Revolving Credit Facilities . ABL Financing Works

Clients who listen to us tout the positive aspects of business revolving credit via abl asset based lending and financing sometimes have a great question for us ; namely ' How can we compare this type of Canadian business financing to other forms of lending, i.e. the traditional chartered bank line of credit ?' Good question! Right? So a good way to do that is to set up 6 common benchmarks that allow you as a Canadian business owner or financial manager to do a proper analysis or comparison. Let's cover off the basics of those 6 comparison points.

Primary topic: Entrepreneurs
Entrepreneurs
617 views
Read article
By Stan ProkopRecently published1 topic

Expert Cloud Financing Via Technology Leasing - Canadian IT Computing Fresh Perspectives

Wow. Cloud financing and IT Computing. Seems a little bit difficult to understand sometimes, right? However, the more we thought about it the more it made sense; and we think we actually were talking about these stuff years before others. That’s because one of the best analogies we've used for over 15 years perhaps revolves around the light bulb. Let’s explain. When you're looking to purchase electricity is your main conce owning the light bulb? We don’t think so, and talk about a depreciating asset!

Primary topic: Entrepreneurs
Entrepreneurs
578 views
Read article
By Stan ProkopRecently published1 topic

Early Warning Signs You Need A Canadian ABL Asset Based Finance Facility Line Of Credit

As a business owner or financial manager you want to be able to ensure that a business line of credit has the ability to assist your firm before, during and after serious financial challenges occur. That's where the ABL asset based finance facility comes in. In a perfect world (we know it's not) you want to be able to detect financial challenges, understand why they happen, and then implement a solution to avoid them. Understanding the problem (or problems) allows you to make the difficult decisions to continue your business successfully.

Primary topic: Entrepreneurs
Entrepreneurs
884 views
Read article
By Stan ProkopRecently published1 topic

Considered A Canadian Business Advisor For Specialized Access To Financing Funds And Lenders In Canada?

Yes, of course it’s ultimately up to you but have you considered a Canadian business financing advisor for your specialized access to funds, financing and traditional and alte ative lenders in Canada? As we said it’s you the Canadian business owner or financial manager that has to both recognize the need for and make the call when it comes to your company financial needs. Whether your firm is in some type of financial distress, or if you have the double edged sword challenge of growing sales (how do you finance them).

Primary topic: Entrepreneurs
Entrepreneurs
712 views3/5 (2)
Read article
By Stan ProkopRecently published1 topic

Don’t Make These Blunders When Financing A Canadian Franchise . Franchising In Canada … Done Right!

A blunder. We're told it's about ' acting blindly ‘... ‘without guidance'. Can you actually afford to make a blunder when it comes to financing a Canadian Franchise? Talk about a costly mistake. Let’s examine some ways in which you can avoid making those serious mistakes when looking at franchising in Canada and the financing needed to complete that purchase. And by the way that includes buying a resale franchise, or of course a new ' turnkey ' operation.

Primary topic: Entrepreneurs
Entrepreneurs
707 views
Read article
By Stan ProkopRecently published1 topic

Excuse Us For Pumping Types Of Accounts Receivable Funding In Canada ! Intrigued By Factoring Finance In Canada?

Are some types of accounts receivable funding and factoring financing better than others? We're often accused of ' pumping’, aka ' promoting' this type of Canadian business financing for firms of all types in Canada. Why is that? Is receivable financing, on its own or blended in with another financing a ' holy grail ' of business finance? Not really, of course, but it’s an effective solution that's often very misunderstood when it comes to the mechanics of it and the cost. Let's explain.

Primary topic: Entrepreneurs
Entrepreneurs
828 views2/5 (1)
Read article