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Avoid This Popular Reason for Business Failure
November 15th at 5:48pm
Lots of businesses fail after operating for only a few years. The last thing that you want to do is to follow in their footsteps and close your doors for good. If you don’t want to shut down any time soon, you’re going to have to work hard to avoid this popular reason for business failure: running out of money. Business Failure Rates According to the Bureau of Labor Statistics, approximately half of new businesses close by the time they reach their fifth anniversary. One-third of them make it to their tenth anniversary. Those are some high numbers! So, why…
BUSINESS IDEA – WANT TO GET IN THE TOY BUSINESS?
November 14th at 7:11pm
Want to get into the toy business? Let’s start with some important facts: U.S. market size for the total toy industry is approximately $28 billion.Lego is world’s largest toy manufacturer for the first time. In this past year, Danish Lego Group achieved growth once more and has now, for the first time ever, become the world’s largest toy manufacturer, surpassing MattelAccording to a new study by the Toy Industry Association, parents will spend $6500 dollars. And the sad part is, most kids play with the box as much as the toy. The study also found that $6500 buys a lot of toys. the average home has 71 toys with a fifth of them having over 100 and…
TESLA – MUSK – BERLIN – AN INSPIRATION TO YOUR BUSINESS
November 13th at 6:40pm
Elon Musk, Tesla’s CEO has announced that the company has chosen Berlin to build its first European giga factory. This follows the company’s large investment in China to build electric cars and lithium-ion batteries in Asia. As the demand in Europe and Asia increases for electric cars, Mr. Musk’s new announcement not only is a bold move towards achieving a top position in the market but also it’s expected from his do-it-now-whatever-it-takes character. Musk’s story is a must read for any entrepreneur. Born in South Africa on June 28, 1971, his childhood was just as unique as his present life,…
Enlarging business with short term business fundings
November 12th at 9:46pm
Start-up demands finance for investing in real state, purchase of working capital and machines, hiring new staff and eventually the marketing of your product. However, finding an authentic financing funder for your newly born business is crucial. This financial support comes up with complicated documentation and rigid repayment terms and policies. Therefore, the First down Funding provides short term funding for the evolution, growth and development of your business. Our active and competent application processing and flexible payment conditions are the liability of your business establishment. These funding are specifically designed to meet all the basic requirements of your new…
GENERATION Z – MILLENNIALS – GENERATION X – BABY BOOMERS WHAT EVERY BUSINESS OWNER NEEDS TO KNOW THIS HOLIDAY SEASON
November 11th at 8:45pm
Knowing your customer age group and shopping habits is key in determining your advertising strategy this holiday season. Before you set up your advertising budget for your business, its important to know your potential clients before allocating marketing funds. Generation Z Generation Z shoppers, aged 22 or younger, are less likely to shop online. These young customers will be less likely have access to credit cards or funds to shop on sites, rather, they will be back at the malls shopping socially with others. This group grew up with cell phones and laptops, using social media to find fashion trends…
Have You Set your Business’ Budget for the Holiday Season?
November 7th at 7:33pm
We’re only a few weeks away from Thanksgiving and over a month away from Christmas. This exciting, yet hectic, time of the year offers many challenges and opportunities for businesses. Have you factored them in to your business’ budget? First Down Funding recommends you to start by setting goals. How much volume of business are you hoping to achieve this holiday season? How much should you spend to achieve the projected volume? You can start addressing these fundamental questions by reviewing the following 5 areas of your business: Marketing The holiday season creates plenty of opportunities for spending on advertising…
2 Ways That You Can Deal with a Poor Credit Rating
November 1st at 5:48pm
A poor credit rating can be a big hurdle to jump over, especially when you’re a small business owner. It can raise cost of working capitals, impose restrictions and flat-out take financial opportunities away from you. The good news is that there are two ways that you can deal with your poor rating: build it back up and find alternative funding opportunities. Consumer Credit Scores There are two types of credit: consumer credit and business credit. A consumer credit score is tied to your personal credit. So, the credit card that you use to pay for your groceries or the…
How Restaurants can Invoke the True Spirit of Halloween
October 30th at 3:12pm
From prepping costumes and running around in them for trick or treats, to attending a holiday bash at your favorite restaurant, Halloween offers a lot of fun for literally everyone. While there is a lot to enjoy from Halloween for the common individual, we think that businesses can leverage this opportunity to make gains as well. Restaurants stand a good chance here to make Halloween all about festivities and deals by having the right details implemented within their outlets. Halloween marketing can be a good way for your restaurant to come out as a people’s brand in your given locality.…