Business Owners Are Finding Better Ways To Fund Their Business With Working Capital Cash Flow!

Today’s business financing environment is still not favorable to the business owner in getting approved for small business loans for working capital with no business assets and not much profit. Business working capital funding is a difficult achievement in this present economic condition of our country. As we all know, business short term funding allows business owners to obtain business funding for their business to survive through any financial crunch that comes up for alternative financing. This article will discuss the best tips for getting fast, easy business funding for working capital for critical daily cash flow needed by the business owner.

Nationwide business loans are extremely difficult to get approved for the business owner these days. Credit unions and traditional banks do not offer small business bank statement funding and the number of business loan applications being approved has shortened up further and will continue to do so in the future. Along with the unstable economic conditions, the majority of banks and credit institutions have ceased lending to small businesses altogether. If you are an entrepreneur then it may be really difficult to find out that your small business is simply a number to these banks. If you need business to business quick funding for your small business than you need to step out and take action! This will result in the small business owners reaching out to a lender who offers fast and easy working capital funds which are needed for the owner. Business bank statement funding is valid for any business owner that needs business working capital for daily cash flow! Credit unions and financial institutions have ceased lending money for the small business owner, most of the businesses find it really difficult to get working capital approval. In such situation, business working capital funds provide easy and quick working capital for small businesses as per their requirement. These funds are known for their quick processing, easy payment options and flexible conditions and easy credit requirements.

Working Capital is required and necessary for every small business owner to have operating cash flow for day to day operations. With a small business cash advance, quick short-term funding is what makes sense to continue and stabilize a small business operation. Businesses need funds rapidly for expanding, competing and succeeding in their own business. It’s important that your customer ought to know that you are offering quality services or product without any hesitation due to lack of funds for a project. Small business funding is the most useful and reliable option for your cash flow requirements and requires a pristine personal credit history of your business and the owner and having cash on hand to support the bank loan.

The first impression of your business from your customers should be to compel them to choose your services or products because your company can make fast financial decisions and be the best company out there. Expanding your business with a small business credit card advance for new and bigger equipment that your business could never afford in the past is now doable with confidence that you can receive the funding to buy that equipment. This will in turn give the confidence to your customer that your company will get the job done and you do not have cash flow problems that will interfere with their success. Just think you can buy equipment with a fast working capital funding and payoff the equipment in a short term period and then you own that equipment free and clear once it is paid off. You can keep doing this over and over and build a fleet which you own free and clear. Now you be a small business with assets. This is a way to improve your financial status quickly and to build your small business.

The key rule of a small business is to generate a healthy gross profit and work environment to get maximum output from your employees. Remember that it is not just about your customer who would appreciate clean, state-of-art, professional and ready-to-serve products and or services; but your employees as well. Quick working capital with small business loans funding can provide the capital required for prime quality tools and the overall employee turnover can be reduced along with higher efficiency and morale. Small businesses can get quick working capital funding even with a poor credit history including a bankruptcy or tax lien or judgment.

A promising business with significant amount of bank deposits and stability will get fast bank statement funding inside of 72 hours. The capability of choosing a repayment schedule which is for a short term is an added advantage of these cash advance funding.

Business cash funding has made it simpler to receive fast funds without much hassle even if the small business owner has been turned down by their local bank. However it is important to do proper research about the private lender before applying for these types of short term funds. The internet is the foremost option to identify a reliable and responsible lenders for business cash advances, checking with the BBB for any records that may indicate any complaints filed against the lender. There are many online business cash advance lenders so it can easily be really hard to differentiate reliable ones to an online scam. Also offering the owner too much working capital at one time for that particular small business may actually hurt the repayment of the funding causing a cash flow problem for the business owner. The small business owner must find a lender who will watch out for the bottom line of the business owner.

Working capital cash funds can help your business in a financial crunch and make it easy to handle any future financial troubles. Business bank statement funding is fast and easy business funding that has opened the flood gates for small businesses to get easy working capital funding. With easy repayment options, 100 percent funding approval and quick processing of business cash funding are some of the most important benefit of these small business programs. Over the past few years, small businesses have experienced a global downturn in the economy and funding options have further been cut short for business invoice factoring. A private lender who can provide the small business with working capital can replace the down trend of factoring.

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Online Presence And Reputation Are Key Factors Behind Successful Businesses

Online directories can be quite beneficial for startups and small business firms. Business owners just need to understand how online business directories work. Online directories are site submission services which allow businesses’ sites to be added to particular categories where the websites become easy for interested visitors to search.

Web directories and their importance

Online business directories let the target traffic to search for businesses and websites which they want to know more about or find interesting. Adding a business’s site to an online directory can increase the site’s online visibility. Moreover, online business directories can make it simple and easy to find what people are searching for.

The concept of such business directories is a simple one. These directories are quite similar to the Yellow Pages. Online business directories are just listing places for business websites. Any kind of site can be listed in online directories. Some directories are enormous and cover all topics that people can create websites for. On the other hand, there are small online directories that cover only a particular niche.

Get listed in a web directory to improve your business performance

To keep it straight, online business directories can direct people to any site which they want to find. People just need to search for particular categories or different types of categories till they find the kind of sites they are searching for. When someone browses through an online directory, they will be given lists of sites which relate to their keyword. They will also be given a list of links to the sites. These links will also have short descriptions about the websites. People can go through these descriptions and decide which one they want to choose.

Online reputation is vital any business these days

Exposure is a vital requirement of all kinds of marketing strategies. In fact, when people are more exposed to a business, they most likely will make use of the business’s services. When a business doesn’t have a proper online presence and online reputation, even its existence might not be known to people. If this happens, then business has great chances to become a failure.

Listing businesses’ sites in online business directories can help sites in gaining exposure. Tons of online visitors get to make use of such directories for finding things that interest them. These are prospect buyers who actively search for sites which are related to services or products that one’s business may be all about. Web directories can expose businesses to the target visitors. Hence, websites will get an increased amount of target online traffic. Apart from getting listed in online business directories, it is also important for businesses to have positive reviews online.

What more you need to boost your business

There are a few important reasons why businesses should take advantage of reputable online business directories for getting more prospects. On a daily basis, prospective customers keep searching for different types of business for finding solutions to their problems. This is when they may come across online business directories that may list of the types of sites they are in need of.

Make sure your business has positive reviews online

When potential customers find businesses on the internet, they go through online reviews for making sure that they get in touch with the right company or people. When businesses have good reviews on the internet can build their credibility. Such reviews can also let people know that businesses are reliable so that they can trust them. In addition to increased online exposure and positive reviews, online business directories don’t bother people’s budget.

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Cracking The End Game Code for Business Owners: Handling Myths About Sales & Marketing and Structure

When you have business owners who spent a lot of time in their business working really hard, they don’t necessarily want to stay running around in their businesses any more. They typically want to automate and have systems and processes. Sure, they may have a C-Suite handling his or her wishes, but most owners don’t necessarily have their officers focus exclusively on automation, systems and processes because that C-suite has their own responsibilities to complete within that business.

Here’s the pressing question: why wouldn’t it make sense for an owner to sit there, craft their vision statement, craft their mission statement and craft their marketing campaigns with the sole intention of “running to their end game”- either selling their business or actually working on their business for once?

There’s thousands of different ways to market, but the truth of the matter is you should market to your strengths, your vision, and what works for you and the message you want to deliver. You must, of course, perform the heavy lifting to discover this reality for yourself, but you have to have a process and a system in place to handle this action.

You should have a due diligence checklist to say, “Every time I want to market, does this particular system I’m looking to execute in my business match my vision statement? Is it congruent with my mission statement?

As an example, I’m a writer. That’s what I’m great at. And because I’m great at writing, I simply write lots of articles. I can publish that one article and post that same message across 12 platforms with the push of a single button. I’m also great at automating systems. I know how to put systems together. I know how to put the structure of things in marketing and sales together so that things won’t fall apart. You don’t want your sales and marketing processes having holes in them, especially if you’re trying to scale up your business.

You don’t want to all of a sudden get an influx of business and your business falls apart because you can’t handle the volume. That’s what a lot of people don’t look at, especially if they’re trying to get out of their business because they’re like, “You know what? I’d rather wing it or try to figure it out.” Then their business collapses into ruin because they didn’t have a mentor supporting them.

A good example of this is solopreneurs. One of my friends is actually the inverse of this, as he has his system tight, there are no holes, and he’s extremely happy and successful in his practice.

He’s good. He’s only got 2 marketing systems. Systems that can handle high volume that he can single-handedly manage and turn those switches on and off, as needed. He’s care free, has no employees and an amazing quality of life. He’s already discovered that he doesn’t like to manage people- he doesn’t want to do that. Even if we were to put a system together for him to scale out his practice, he kept asking me, “Fred, will you manage the system?” I said, “No, I’m not going to manage the system.” I said, “I’d rather do a joint venture. I have systems that will manage the system, but if you’re talking about being in the day-to-day human element of the business, because it’s more brick and mortar, then I’m not that guy.”

I said, “I take the leadership role in anything that I do because my passion is serving other people and effectively seeing what they want to do in their businesses, with their teams, and how they want to get there. In order to be able to give them exactly what they need to perform I just can’t be held down to one business.”

As far as scaling his business out any further, he’s just like, “You know what? I’m okay, Fred. Unless you can really tell me why I should venture out any further, then I’m fine.” We were talking casually anyway, as scaling out his business wasn’t a pressing thought, or pain. The bottom line is he has choice, and he can choose whether or not he wants to duplicate his efforts. In relations to his vision and mission statement, he’s at his end game and is living the life of his dreams. That’s what it’s all about.

Most people don’t look at it that way. They just look at their business and say, “I’ve got a business. I want to make money, and that’s it.” The truth of the matter is it doesn’t really work like that. You have to lay the foundation instead of just winging it. The process doesn’t have to be perfect, as good enough is good enough.

Some business owners got lucky because they found a starving niche, but most business owners failed because they were winging it. They didn’t have structure. Even for the ones who are winging it, they’re trying to keep it all together because all of a sudden your name gets out there in the marketplace and you don’t have a repeatable way to manage your success. Now you don’t have a way to handle the volume, so you get scared.

It’s just like playing poker. You’ve got that scared money on the table that you don’t want to sitting there, hoping you don’t lose. That money on the table may be your rent, your mortgage, your whatever. And in poker, money on the table is money played. You can’t reach back in there and take it off the table. Once that money is in the pot, that’s it, you’re done, you’re beat. Most people don’t look at business like that. They’re running around here playing with scared money, but yet they need to grow their business. They got to figure out which one they need to do- run a business, or run scared. That’s the reason why automation is so important; to handle your weaknesses while you focus on your strengths and high-payout activities.

It doesn’t matter really what kind of product or service you have. The key is when you offer your product, when you get that one customer in the door, are you able to efficiently handle them from your marketing all the way down to the fulfillment, to the follow up? That’s it. Anything else other in between that is just conjecture, it doesn’t make any sense to exclusively focus on anything else except steering the ship and hiring able people, or having strong processes and systems in place.

And when I’m talking to some of these business owners, I hear the exact same thing. Whether it’s an employee, spouse, CFO, client- whatever- the communication that you, the business owner, is putting out is so important. You are the capstone of your business and what you say carries more weight than you know- it influences the direction, system and processes of your business.

An extremely simplified example of this concept is some practitioners, self-employed or solopreneurs attend networking events and mixers because when I hear them speaking directly to me, I’m like, “What are you telling me? What do you do? Really? I don’t understand.” Their communication is not clear enough for me to want to pursue further communication for me to say to myself; I need to talk to you, or I don’t need to talk to you, either I need to give you my business card, or I don’t need to give you my business card. So they haven’t made the initial sale, on behalf of their company they represent. The sale? They were selling me on their idea. Bottom line; business structure, systems, employees and processes are meaningless without an effective message via marketing and sales.

Getting to the end game is really that basic, but most people don’t see it like that because they’re caught up in their own game. They’re the picture in the frame versus actively engaging in, and having a proven and repeatable process. To me that’s the most important part. Just getting business owners either on a track, or back on track so they can win is the ultimate end game.

Fred Smith builds results-based businesses with his clients and applies this technology in the marketplace by using military-grade business and performance development solutions.

He is the creator of The Synergy Triangle which is an integration of leadership, marketing and selling methods in your company’s workflow that increases gross profit and speeds up your sales cycle while minimizing the risk of poor customer service and delivery of goods or services.

Starting from humble inner-city beginnings, Fred began his business career as a telemarketer and door-to-door direct salesperson. He eventually rose from poverty to become one of the nation’s leading and sought-after business building consultants in the automotive industry.

He has combined insights learned from his 20-plus years of military, retail, multinational, and corporate business building successes and mistakes with observations from the worlds of leadership, business building, sales and marketing. The result is a revealing study of real-world results as only a communicator like Fred can simplify.

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Ten Important Things To Keep In Mind Before Starting An Online Business

These ten factors may not necessarily appear in the same order as listed below but certainly, they are vital for the issue at hand.

HERE ARE THE TEN QUESTIONS TO ASK YOURSELF:

1. What type of online business do I want to engage in?
2. What do I have on offer that will be better than my Competitors in my niche?
3. Do I need to prepare a business plan for my business?
4. How much will it cost to set up my business?
5. Is my business online based or BOTH online and offline?
6. Do I need a dedicated website for my business and how much will it cost?
7. How will I market my business whether online or offline?
8. What is the right strategy to use to market my business?
9. Am I getting value for money in advertising my business?
10. Am I reaching the right audience with my advertising?

Having a positive answer for all these questions can only lead you to the next stage of your pursuit of running an online business.

Engage yourself in research into the business you want to get involve in and have a go at it. Take for instance, the Mobile Phone Industry. Statistics have shown the total number of mobile phone users worldwide from 2013 to 2019. For 2017 the number of mobile phone users is forecast to reach 4.77 billion. Customers and potential customers use their mobile phones to browse the internet for Products and Services more than a Laptop or Desktop computer, so it make sense for business owners to utilize this piece of technology for marketing their products and services. This could suggest that there is an opportunity to tap into the mobile app industry to meet the needs of these businesses requiring mobile apps.

Millions of apps for almost anything you can think of, are now in circulation whether for free download or at a cost. You might ask, why don’t I have a slice of the pie and start a mobile app business? The excitement kicks in, but one has to have some kind of knowledge about the whole App design process. This will probably force you to dig deeper into your research on the whole aspect of mobile app development. With this being established, my first question is answered; through study and research, you have made an informed decision to get involved in Mobile App Design and Development. But, what will you be offering that will be better than your Competitors? This is not a simple question to answer, but to say the least, strive to offer quality products and services to customers, and simply make your Products and Services more affordable while maintaining quality.

Starting a business without some kind of a business plan is like driving onto a very long motorway with 1/4 tank of fuel, with the hope that it will take you to the next service exit. The business plan will give you a breakdown of what you need for the business even though success is not guaranteed, as there are a number of opposing factors along the way.

There are a lot of businesses with little or no startup cost as opposed to other businesses with huge startup cost. It also depends on whether your business will both be online and offline. You have to decide if the business you want to indulge in, has minimal startup cost.

To setup an online business, does not have to cost an arm and a leg, if you take the time to do extensive research into the business you want to get into.

If your business is online based, advertising it to the right audience can be a huge task. Finding the right sources to advertise your business, can be quite challenging and risky as this is where you can spend huge sums of money to advertise, but yet get little return on investment if the advertising strategy is wrong.

Advertising a business to a targeted audience involves a number of factors like;

1. Google Indexing
2. Search Engine Optimisation (SEO)
3. Domain Authority (DA)
4. Page Ranking (PR)
5. Back links
6. Social Media
7. Joining Forums
8. Blogging
9. Google AdWords
10. Google Analytics
11. Keywords Research

To do all of these stuff can be demanding and boring, but if you need success in any business, you just have to get on with the task at hand.

Handing over this challenging task to an SEO Expert can be quite expensive. If you put the time and effort in and do your research and utilize the available SEO tools on the Market, believe me, you can bring your online business to life without ‘breaking the bank’.

To conclude, I would say to minimise business startup costs, try to do as much as you can yourself. When you have exhausted all avenues, seek help.

I did not need any website design experience to build the Apptitecture’s website. Therefore, not having to ask a web designer to build a website, has saved me some money which I was able to channel elsewhere in the business. Starting an online business can be quite daunting but with hard work and determination, you can have a successful business in the end.

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