1.) Dusting – Dust off your old files.
2.) Revising – Take the opportunity to revise forms, policies and procedures
3.) Memorizing – Memorize the company handbook.
4.) Dreaming – Dream about all the things you could be doing if your customers paid more quickly; taking on new business, serving larger accounts, launching marketing campaigns, adding inventory, etc.
5.) Or, You Could Be Factoring
If your working capital is tied up in customer receivables, factoring invoices can eliminate the time lost while you wait on customers to pay. Small businesses that factor invoices can get access to that money immediately. Factoring provides money the same day a customer invoice is generated, rather than weeks – or even months later.