BEST BANKS FOR YOUR SMALL BUSINESS

February 20th at 10:17pm

Having a good bank relationship can benefit you here because if the bank understands your business they may be able to understand fees or you could negotiate lower fees with them.  Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow. It is critical when running a business that you avail of the services of a bank. Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow.…

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Expand Your Business with Merchant Cash Advance

February 18th at 10:15pm

Cash flow issues are a concern for most small and mid-sized business owners. In fact, many small business owners find it difficult to manage growth because of concerns about funds. Having access to the right funding makes it easier to support business growth. There are many different choices out there, but a merchant cash advance might be one you want to consider. Here’s how it works: A merchant cash advance provider gives you an upfront sum of cash in exchange for a slice of your future sales. Instead of making one fixed payment every month from a bank account over a set repayment period, with a merchant cash advance you make daily or weekly payments, plus…

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HOW TO GENERATE MORE LEADS FOR YOUR BUSINESS

February 14th at 7:46pm

Every company wishes it had more customers, and there are only two ways of making that happen. Either you reach out to potential prospects or people come to you. The following ideas can be used by businesses of all sizes and most industries. The key is to test and modify to make them work for your customer base. Apply for Small Business Funding 1. Ask for referrals. Referrals are one of the best ways to get new customers. Take charge by implementing a system for actively soliciting referrals from your satisfied customers. Build referral-generating activity into the sales process. 2. Network. Generate…

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IS YOUR BUSINESS READY FOR FINANCE GROWTH?

February 13th at 8:24pm

Growth is crucial to the long-term survival of a business. It makes it easier to acquire assets, attract new talent and fund investments. It also drives business performance and profit. Many business owners appreciate that growth is an essential part of building a sustainable business. They also know that trying to grow too fast has been the downfall of many small businesses over the years. The first step is to work out how much financing you’ll need based on your overall business growth plans. Next, meet with your financial partners early on to discuss your plans and brief them about…

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BUSINESS CONSULTING OPTIONS

February 11th at 10:13pm

A small business consultant works with clients on strategy, planning and problem solving, and helps clients develop business skills and knowledge. These topics range from designing a business model or marketing plan, to determining which marketing techniques to use and how to use them. Small businesses have plenty of reasons for considering small business consulting—small business consultants can help you save time and money, provide specialized advice, navigate changing workloads, and plan for the future, among other things. Some consultants are more like mentors and advisors, who work with small business owners on broad planning and strategy work. Others provide more specific, specialized services as subcontractors.…

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BEST WAYS TO MANAGE SMALL BUSINESS DEBT

February 7th at 10:31pm

Businesses, like individuals, sometimes suffer from too much debt. Taking on the right amount of debt – and at the right time – can mean the difference between a business that struggles and one that succeeds. According to the U.S. Small Business Administration (SBA), roughly 50 percent of small businesses fail within their first five years, largely because of insufficient capital, poor credit arrangements and too much debt. If your monthly income and expenditure have become unbalanced, take a step back to look at where the extra expenses are creeping in. You can then make adjustments to your budget so that you can plan…

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IS A BUSINESS LINE OF CREDIT RIGHT FOR YOUR COMPANY?

February 5th at 10:18pm

A business line of credit is a type of small-business funding that provides flexibility that regular business funding doesn’t. With a business line of credit, you can borrow up to a certain limit — say, $100,000 — and pay interest only on the portion of money that you borrow.  Clearly, most businesses need a better understanding of where capital can be obtained quickly and inexpensively. This is where a business line of credit can help. APPLY FOR A BUSINESS LINE OF CREDIT Small Business Line of Credit Advantages A credit line works like a credit card, offering you fast, easy access to cash. You can tap…

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GUERILLA MARKETING EXPLAINED AND CREATIVE INSPIRATIONS

February 3rd at 11:33pm

Guerrilla marketing is an advertisement strategy in which a company uses surprise and/or unconventional interactions in order to promote a product or service. It is a type of publicity. The term was popularized by Jay Conrad Levinson‘s 1984 book Guerrilla Marketing. In your daily life, you may encounter examples of other business’ guerilla marketing tactics, without even realizing it. Examples include the use of publicity stunts, viral videos, stencil graffiti. This in turn creates buzz about the product being marketed. It is a way of advertising that increases consumers’ engagement with the product or service, and is designed to create a memorable experience. Budget-Friendly What marketers really enjoy about guerrilla…

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