Invoice financing: being certain the price is right

Posted on September 1st, by editor in Caring Times. No Comments

Single care homes and smaller groups can and do use invoice financing to help meet working capital needs. This is especially true for those care businesses offering complex and specialist care to young people as well as adults. Homecare (and staffing) businesses turn to this form of finance even more frequently. The way business decisions are made generally, and in particular those relating to finance, has become a distinct area of academic research. The field of ””behavioural economics” gains ever greater influence in the world of business: applying psychology to economic and business decisions, it asserts that people often fail to make rational decisions, relying instead on rules of thumb. The work of Nobel prize winner Daniel Kahneman highlights the importance of anchoring and framing: in essence the way in which a proposal is presented can dictate the terms and parameters of any subsequent debate or negotiation. This is relevant when we examine how care businesses negotiate the price of an invoice fin

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