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HOW TO GROW YOUR BUSINESS
December 13th at 9:34pm
Generating new business by growing your customer base is important to your business success. However, it can sometimes be very challenging. Here are some practical tips to help you grow your customer base. 8 ways to grow your business Get to know your customers.Offer great customer service.Nurture existing customers and look for new opportunities. Use social media.Attend networking events. Host events. Give back to your community. Measure what works and refine your approach as you go. FIRST DOWN FUNDING IS FUNDING AMERICA. LOOKING FOR BUSINESS FUNDING? CONTACT FIRST DOWN FUNDING FOR FAST APPROVAL.
HOW TO BE READY FOR A BUSINESS LENDER
December 6th at 9:34pm
Planning is the key to getting that business funding you need for starting a business or for business expansion and change. Justin Pritchard, Guide to Banking, says, “Working with banks on small business funding can be easy or difficult — it just depends on how prepared you are.” Preparation and planning are essential to business funding success. If you have an existing business, a funder will look at your current business records carefully to help answer questions about how your business is doing. Include information on: Business Credit, including business credit reports, Dun & Bradstreet information, or other information that…
WHAT IS LEVERAGED FINANCE? IS IT APPLICABLE FOR YOUR BUSINESS?
November 22nd at 9:24pm
Debt is a source of funding that can help a business grow more quickly. Leveraged finance is even more powerful, but the higher-than-normal debt level can put a business into a state of leverage that is too high which magnifies exposure to risk. Financial leverage is favorable when the uses to which debt can be put generate returns greater than the interest expense associated with the debt. Many companies use financial leverage rather than acquiring more equity capital, which could reduce the earnings per share of existing shareholders. Using Leverage to Support Business Startup and Growth When a business is…
SBA FUNDING
November 1st at 9:00pm
The US Small Business Administration 504 Funding or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates. The SBA does not make direct funding to small businesses. Rather, the SBA sets the guidelines for funding, which are then made by its partners (lenders, community development organizations, and micro-lending institutions). … SBA funding can be as large as $5 million. Most SBA funding are through banks. The SBA works with lenders to provide funding to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for funding made by its partnering lenders, community development organizations, and micro-lending institutions.…
CREATE A BUDGET FOR OFFICE EXPENSES
October 18th at 7:54pm
No matter what type of business you own, you must understand what it takes to run an office and prepare a budget within a range that does not exceed the revenues of the business. A basic budget should include only expenses that are absolutely necessary to running the business. As revenues increase, you can adjust the budget accordingly. Take some time to think about what is absolutely necessary to run your business–for example, utilities (electricity, telephone, Internet, water, gas) or office supplies (pens, pencils, legal pads, copy paper, stapler/staples, tape, printer ink, mailing supplies, filing supplies). Depending on your line…
HOW TO SAVE IN BUSINESS TRIPS
October 11th at 7:44pm
Business travelers spend an average of $949 on airline costs, hotel fees, and other expenses during trips around the U.S. annually. Meanwhile, for every dollar spent, companies commonly see a $2.90 profit increase and a $9.50 rise in revenue. Check out 10 of the most effective ways to reduce your overall corporate travel spend. Tighten up your corporate travel policy. Have a pre-trip approval process. Make savings on airline flights. Cut the cost of hotels. Set a realistic food and transport allowance. Plan ahead. Understand travel auxiliary charges.How to Save Money on TravelUse the Free Days. Such a simple tip I know but simple is always good. Talk to the Locals. This is…
SEPARATE WORK FROM HOME
October 4th at 7:38pm
Properly separating professional and private life is important. It ensures that you get enough rest, and can attend to both personal and work needs. It is also necessary for good mental and physical health. Maintaining a work/life balance has become increasingly difficult because of modern technological advances and changes in work patterns. However, establishing boundaries and setting aside time for your most important needs is possible. Those who set clear boundaries between work and home experience less conflict between the two domains. In other words, segmenters are able to give enough of their time and energy to both areas in…
PROTECT YOUR TRADEMARK
September 27th at 7:25pm
A trademark gives you the right to exclude others from using similar marks in the marketplace that might confuse consumers. The purpose is to make sure consumers know where the goods and services with specific brand names on them are coming from. … You should be doing the same thing to protect your small business brand. The 5 Things You Must Do to Protect Your Trademark Do Your Homework. The USPTO won’t register your trademark if there is a “likelihood of confusion” with another registered trademark. Prepare and File a Trademark Application. Respond Promptly to Office Actions or Oppositions. Monitor Your Trademark. Maintain Your…