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Word Count: 1667 Accounts Receivable Financing - Work
According to the Merriam-Webster Online Dictionary, the word “work” has over
26 different meanings. The first ten meanings are:
“Main Entry: work
Pronunciation: 'w&rk
Function: noun
Etymology: Middle English werk, work, from Old English werc, weorc; akin to Old
High German werc work, Greek ergon, Avestan var&zem activity
1 : activity in which one exerts strength or faculties to do or perform
something: a : sustained physical or mental effort to overcome obstacles and
achieve an objective or result b : the labor, task, or duty that is one's
accustomed means of livelihood c : a specific task, duty, function, or
assignment often being a part or phase of some larger activity
2 a : energy expended by natural phenomena b : the result of such energy <sand
dunes are the work of sea and wind> c : the transference of energy that is
produced by the motion of the point of application of a force and is measured by
multiplying the force and the displacement of its point of application in the
line of action
3 a : something that results from a particular manner or method of working,
operating, or devising <careful police work> <clever camera work> b : something
that results from the use or fashioning of a particular material <porcelain
work>
4 a : a fortified structure (as a fort, earthen barricade, or trench) b plural :
structures in engineering (as docks, bridges, or embankments) or mining (as
shafts or tunnels)
5 plural but singular or plural in construction : a place where industrial labor
is carried on : PLANT, FACTORY
6 plural : the working or moving parts of a mechanism <the works of a clock>
7 a : something produced or accomplished by effort, exertion, or exercise of
skill <this book is the work of many hands> b : something produced by the
exercise of creative talent or expenditure of creative effort : artistic
production <an early work by a major writer>
8 plural : performance of moral or religious acts <salvation by works>
9 a : effective operation : EFFECT, RESULT <wait for time to do its healing
work> b : manner of working : WORKMANSHIP, EXECUTION
10 : the material or piece of material that is operated upon at any stage in the
process of manufacture
11 plural a : everything possessed, available, or belonging <the whole works,
rod, reel, tackle box, went overboard> <ordered pizza with the works> b :
subjection to drastic treatment : all possible abuse -- usually used with get
<get the works> or give <gave them the works>
- at work
1 : engaged in working : BUSY; especially : engaged in one's regular occupation
2 : having effect : OPERATING, FUNCTIONING
- in the works : in process of preparation, development, or completion
- in work
1 : in process of being done
2 of a horse : in training
- out of work : without regular employment : JOBLESS
synonyms WORK, LABOR,TRAVAIL, TOIL, DRUGERY,GRIND mean activity involving effort
or exertion. WORK may imply activity of body, of mind, of a machine, or of a
natural force <too tired to do any work>. LABOR applies to physical or
intellectual work involving great and often strenuous exertion <farmers
demanding fair compensation for their labor>. TRAVAIL is bookish for labor
involving pain or suffering <years of travail were lost when the house burned>.
TOIL implies prolonged and fatiguing labor <his lot would be years of
back-breaking toil>. DRUDGERY suggests dull and irksome labor <an editorial job
with a good deal of drudgery>. GRIND implies labor exhausting to mind or body
<the grind of the assembly line>.
synonyms WORK, EMPLOYEMENT, OCCUPATION, CALLING, PURSUIT, Métier, BUSINESS mean
a specific sustained activity engaged in especially in earning one's living.
WORK may apply to any purposeful activity whether remunerative or not <her work
as a hospital volunteer>. EMPLOYMENT implies work for which one has been engaged
and is being paid by an employer <your employment with this firm is hereby
terminated>. OCCUPATION implies work in which one engages regularly especially
as a result of training <his occupation as a trained auto mechanic>. CALLING
applies to an occupation viewed as a vocation or profession <the ministry seemed
my true calling>. PURSUIT suggests a trade, profession, or avocation followed
with zeal or steady interest <her family considered medicine the only proper
pursuit>. Métier implies a calling or pursuit for which one believes oneself to
be especially fitted <acting was my one and only métier>. BUSINESS suggests
activity in commerce or the management of money and affairs <the business of
managing a hotel>.
As used in this article the word “work” is meant to convey all of these
meanings. Think of it this way:
• When you work at your business you exert effort to accomplish your livelihood.
• When your business works your energy produces a result, a product or a service
that people desire. This is because of the particular manner or methods you are
using, or because of the particular materials you are using, making or
assembling.
• Work is a place people go to earn their livelihood- the office, the factory,
the medical clinic.
• Work always requires effort, skills and exertion.
• Work often involves creative expression.
• Work may be for a higher purpose than moneymaking; this may be moral,
religious, or something to further a public purpose such as to combat global
warming.
• Work is an effective operation; if the manner of working is not effective, the
work will not succeed.
There is a distinction between working at your business and working on your
business. It has been written that when you work at your business, you are
developing business, inventing products or processes; you are working on the
creative part of the enterprise. When you work on your business, you are dealing
with more mundane albeit important matters: organizing; making a business plan;
filing; getting a new location; hiring and managing employees; dealing with
accounting, regulatory, taxation or legal matters.
Most businesses work at getting more work. All things being equal, the more work
you get the more money you make. If you feel that your business is not work, you
are probably happy with your choice of work. Work does not feel like work when
you enjoy it. If you feel that your business is too much work, you probably need
to do something about it; make some changes or get someone else to do some of
the work.
Writing music is creative work. Once in a while it is also lucrative. In the
field of jazz music, sometimes an instrumental song will be written that is so
special, so compelling, that another musician will create lyrics for the song. A
famous example of this is the “Work Song”.
The Work Song was written and recorded by Nat Adderley for the Riverside label
in January, 1960 with a band which featured guitarist Wes Montgomery. Nat played
the cornet, which is an instrument similar to a trumpet. Nat was the brother of
the famous American saxophonist Julian Cannonball Adderley. Lyrics to the Work
Song were written by Oscar Brown, Jr., who was a singer, songwriter, playwright,
poet and civil rights activist. The lyrics to the Work Song are:
“Work Song”
Breaking rocks out here on the chain gang
Breaking rocks and serving my time
Breaking rocks out here on the chain gang
Because they done convicted me of crime
Hold it steady right there while I hit it
Well reckon that ought to get it
Been working and working
But I still got so terribly far to go
I commited crime lord I needed
Crime of being hungry and poor
I left the grocery store man bleeding (breathing? )
When they caught me robbing his store
Hold it steady right there while I hit it
Well reckon that ought to get it
Been working and working
But I still got so terribly far to go
I heard the judge say five years
On chain-gang you gonna go
I heard the judge say five years labor
I heard my old man scream "lordy, no!"
Hold it right there while I hit it
Well reckon that ought to get it
Been working and working
But I still got so terribly far to go
Gonna see my sweet honey bee
Gonna break this chain off to run
Gonna lay down somewhere shady
Lord I sure am hot in the sun
Hold it right there while I hit it
Well reckon that ought to get it
Been workin’ and workin’
Been workin’ and slavin’
An’ workin’ and workin’
But I still got so terribly far to go”
If you have a businesses that sells products or services to other businesses,
accounts receivable financing can make your business work. When other types of
financing are not available, or not adequate, accounts receivable financing may
be the solution to your cash flow issues. Invoice factoring is another term for
this financing method. Accounts receivable financing may be combined with
purchase order financing and inventory financing to make your business work
nationally and internationally. These off balance sheet financing techniques
work to finance exponential growth by turning the credit you extend to your
customers into cash immediately. If you have “been workin’ and slavin” ... “But
still got so terribly far to go” it may be appropriate to consider accounts
receivable financing.
The bottom line: accounts receivable financing is like adding lyrics to a great
instrumental song; it can make your business work.
Copyright © 2007 Gregg Financial Services
Mr. Elberg is a licensed attorney and licensed real estate broker. Gregg Financial Services is a full service brokerage for commercial finance companies and banks that fund B2B businesses. Mr. Elberg arranges funding from $25,000 to $50 million per month at competitive pricing. For more information about GFS, please visit our website:
www.greggfinancialservices.com
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