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The business success stories you see where entrepreneurs had an idea and they just went with it are few and far between. For every business owner who succeeded without a business plan, there are literally hundreds who failed because they did not have one. A smart business owner spends the time and effort to create a comprehensive business plan that becomes his blueprint for success. Once the company opens its doors, the business plan takes on a entirely new purpose.

A business plan in action is a road map that the company owner must follow if he wants to be successful. Each decision that is made and each product that is developed is based on information found in the business plan. The proactive business owner spends time each quarter revising the business plan to reflect changes in the business and the industry. But when a change is made to a business plan, it has a ripple effect that costs the company money. Funding these business plan changes can become a challenge for even the most successful business owner.


When you change a business plan, you are changing the direction that your company is headed in. That means that you will be changing the responsibilities of some of your staff members. Along with the regular training that you do for your employees, you will also need to institute new training that covers the business plan changes. It can seem like an insignificant cost, but it can add up in lost productivity if it is not done properly.

Lost Investments

Sometimes a business plan is changed because the direction the company is going in is not a profitable direction. During the course of plotting its path, a company will accumulate assets that are designed to help the company execute its current business plan. For example, the company may print up thousands of dollars worth of pamphlets to advance a product or service that becomes no longer viable under the new business plan.

When business plan changes are made, many of those assets are no longer valid and no longer have a purpose within the organization. The promotional materials, letterhead, business cards and other assets that were created become lost investments that the company must absorb. Not only is the company out the money from those lost investments, but now it must create all new assets in accordance with the changes to the business plan.

New Personnel

Training your existing personnel to handle business plan changes is not going to be enough to cover the company's productivity needs. When a company decides to make changes to a business plan, there is a need to bring in new personnel who have experience in executing the various elements of the new plan. If there is a new product that needs to be developed, then you will need new research and development people to bring that product to life.

The costs associated with bringing in new personnel for changes in a business plan can be staggering. Recruiting, training and overhead costs are all part of the extensive process necessary to find qualified new employees who can help bring the company's new business plans to life.

Customer Education

If the business plan change requires a company name change, then there needs to be a way to educate customers on the new name. Customers will need time to make changes in their records to accommodate your new business plan direction.

Any changes your company makes to its business plan that affect your customers need to be expressly conveyed to your customers, and they often need to be repeated. While you may be excited about your company's new business direction, you could lose customers if you do not invest in a smooth transition process.

Use Your Company's Invoiced Sales To Fund Business Plan Changes

It can be extremely difficult to put a price tag on the costs associated with business plan changes because most of the processes are ongoing. A bank loan would be an extremely inefficient way to fund these changes and a bank line of credit would only add to your company's debt.

The solution to your problem is to rely on the invoiced sales that your company generates to pay for your ongoing costs. When past due invoices slow cash flow, it can make paying for your corporate obligations a challenge. But you can utilize invoice factoring to improve your cash flow and fund all of your business changes.

1st Commercial Credit Is An Invoice Factoring Leader

1st Commercial Credit has an international network of financial affiliates who allow us to advance funds against qualified invoices in up to 17 different currencies. We will use your outstanding invoices as collateral against cash advances, and transfer the face value of your invoices directly into your company bank account, minus our lending fees.

We have financial resources that we can use to advance you the cash that you need to fund your ongoing obligations. We have years of experience in helping a variety of clients in a number of industries. We know how important it is that you implement your business plan changes quickly and efficiently, and that is why we offer flexible asset-based lending programs to help you out.

Your Cash Flow Is Your Strength

Your company cash flow comes from the hard work your staff does to generate invoiced sales. The success your company experiences can be measured in the rise in your outstanding invoices. But when your customers decide to pay late on their invoices, then that can start to diminish that strength by strangling your cash flow.

A business line of credit based on the value of your outstanding invoices allows you to take care of your ongoing costs and it also allows you to make sure that all of your business plan changes go into effect. An accounts receivable program that advances you cash for your invoices enhances the financial strength of your organization and puts your company's cash into your bank account, where you can use it at your discretion.

Contact 1st Commercial Credit today and we can help you to utilize your company's accounts receivables to fund all of the changes you have planned. We will give you the financial resources you need to move your company forward and follow your company's blueprint to success. Let us put a customized invoice factoring plan together for your company today and get your company started on its next step.