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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…
MERCHANT CASH ADVANCE FOR SMALL BUSINESS
November 29th at 9:33pm
A merchant cash advance (MCA) was originally structured as a lump sum payment to a business in exchange for an agreed-upon percentage of future credit card and/or debit card sales. … The term “merchant cash advance” may be used to describe purchases of future credit card sales receivables or short-term business funding. When you receive a merchant cash advance, your business gains upfront working capital in exchange for a percentage of future credit card sales. Merchant cash advance companies frequently partner with card processing companies to hold back a percentage of sales revenue. Merchant Cash Advance Costs, Terms, & Qualifications…
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…
SAVINGS IN AMERICA
November 8th at 9:23pm
The average American household has $175,510 in savings. That may sound like a lot, but an average can’t tell the whole story, since millions of families have nothing put away at all while others manage to be super-savers. Indeed, as it turns out, the median American household has only $11,700. 60 to 79.9 percent Average (all households): $133,770Average (households with savings): $148,600Median (all households): $77,020Median (households with savings): $96,800 40 to 59.9 percent Average (all households): $65,830Average (households with savings): $82,730Median (all households): $34,020Median (households with savings): $54,930 20 to 39.9 percent Average (all households): $29,080Average (households with savings): $46,950Median (all households): $0Median (households with…
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.…
TIPS TO MAXIMIZE YOUR BUSINESS MORNING
October 25th at 7:59pm
Whether you naturally wake up feeling alert and productive or wake up with the brainpower of a zombie, these tips will help you transform your morning routine and set a positive tone that lasts the entire day. 1. Start with exercise. Getting your body moving for as little as 10 minutes releases GABA, a neurotransmitter that makes your brain feel soothed and keeps you in control of your impulses. 2. But drink some lemon water first. Drinking lemon water as soon as you wake up spikes your energy levels physically and mentally. Lemon water gives you steady, natural energy that lasts the…
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…