Month: November 2017

Why Alternative Financing Options Might Be Best for Your Small Business #business #database


#business financing options

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Why Alternative Financing Options Might Be Best for Your Small Business

The small business financing landscape is continually changing, with more options available to business owners than ever before. About half to two-thirds of these businesses seek financing from a number of places, from owner investments to non-bank sources. As small businesses continue to face challenges when it comes to gaining access to capital and taking advantage of opportunities to grow, it s important that they re seeking the right type of financing for their particular needs. There s been a lot of focus on alternative lending recently, but how do small business owners know when this is the right option to pursue?

One of the most obvious and common answers is that businesses seek financing when they re faced with an unexpected opportunity or challenge that requires quick capital. In my early years as a restaurateur, I built a chain of casual dining restaurants that saw strong growth, solid revenue and profitability. We had all the right elements, but excess cash wasn t one of them. When I was presented with the opportunity to purchase the ideal property for a new location, there was only one issue — I needed $250,000. I was able to get the money quickly from an alternative lender, and I saw the power in this financing option.

In my case and in the experiences of many others, this access to capital provided me the freedom and flexibility to take advantage of a deal that allowed my business to grow. I learned firsthand that when opportunities like these are handled properly, the benefits can be enormous.

Most of the time, small businesses don t have the cash on reserve or an established line of credit that enables them to withdraw the necessary funds for these types of opportunities. Alternative sources of lending help fill that void by giving business owners access, availability and speed. The reality is that traditional banks aren t equipped to do this — and it isn t profitable for them to provide loans of under $200,000.

So what are other situations small businesses often face that may benefit from an alternative source of financing? Check them out:

  • Purchasing discounted inventory, raw material or new equipment at a can t-miss price, such as a restaurant looking to make opportunistic purchases of wine during the holidays or a wholesaler in need of additional warehouse space and forklifts
  • Buying out a partner or to avoid taking on a partner who will own a chunk of the business and profits for life
  • Expanding to new locations
  • Harsh weather that forces a business to close days on end
  • Fluctuations in the economy that impact the bottom line
  • Unexpected occurrences that put pressure on cash flow and require an immediate influx of working capital, such as a refrigerator that stops working in a restaurant or a farmer needing to process the harvest

To determine what type of financing makes sense for your business and situation, you must consider what exactly needs to be funded and the timing. Alternative lending helps provide flexibility of repayment and offers creative options, including small daily payments that fluctuate with sales volume. It s also important for small business owners to understand the rates associated with choosing an alternative lender. This type of financing is more costly than a traditional bank loan because these companies act as liaisons, borrow capital from other financial institutions and guarantee the payment. Essentially, they absorb the risk and the losses when a client defaults. This is also further emphasized when taking into consideration that an application can be underwritten and approved in hours instead of weeks with a bank.

Whether you re a restaurant, retailer or medical practice, examining your situation closely will help determine the best financing option. Gaining access to capital can be the deciding factor in whether or not a small business grows or survives, so choose wisely when it comes to funding.


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BBC – GCSE Bitesize: Solvency #small #business #grants


#cash flow business

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Solvency

Cash flow is the movement of money in and out of the business.

Cash flows out of the business when bills are paid

  • Cash flows into the business as receipts, eg from cash received from selling products or from loans.
  • Cash flows out of the business as payments, eg to pay wages, supplies and interest on loans.
  • Net cash flow is the difference between money in and money out.

Profit and cash flow are two very different things. Cash flow is simply about money coming and going from the business. The challenge for managers is to make sure there is always enough cash to pay expenses when they are due, as running out of cash threatens the survival of the business.

Insolvency

If a business runs out of cash and cannot pay its suppliers or workers it is insolvent. The owners must raise extra finance or cease trading. This is why planning ahead and drawing up a cash flow forecast is so important, as it identifies when the firm might need an overdraft .


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New Business Ideas #secured #business #loans


#new business idea

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New Business Ideas

What kind of business is right for you? We lay out the top new business ideas for different personalities and situations.

Home based business ideas: low-cost, low-risk

Some kinds of legitimate businesses are easy to start on a small budget. A consultant, for example, is anyone who knows how to do something better than others, and has the gumption to market himself – as well as $14 for a box of business cards. Similarly, a professional organizer needs a talent for decluttering, a couple of classified ads (or even better, free word-of-mouth), and not much else.

In general, service business ideas offer a nice mix of low buy-in and immediate returns. If you want to test the waters in an area you love, but aren’t sure you want to invest your retirement savings in your new business idea, consider the following:

  • Consulting
  • Professional organizer
  • Petsitter
  • Arts and crafts maker/seller
  • Photographer
  • Tutor
  • Handyman

Internet business ideas: high-tech, high reward

Successful small business startups often start with the existing skills of the founder, turned to a new business idea. If you already have a talent for design, finding bargains, doing research, or connecting people with each other, you may be able to take those skills online to create a new Internet business.

Remember, the key to success is not usually having a new idea, but implementing it well, getting customers, and wowing them so that they come back for more and recommend you to others. If you’re willing to learn the basics of html, Search Engine Optimization, website marketing, and online sales, the following Internet business ideas might be for you:

  • Website designer
  • eBay retailer
  • Internet researcher
  • Recruiting

Read more about Internet business ideas…

Read articles on running an online business

Small business ideas, big dreams

Sometimes a new business idea can come from a long-held dream to turn a fun hobby into a profitable life’s work. However, most of these small businesses require significant time, energy, and initial investment to begin, so think carefully about your commitment and do your research before you start.

  • Restaurant or Caterer
  • Retail storefront
  • Home daycare

New business idea: start-up articles

The best business for you is one you love, and are prepared to make a major commitment to. Many small business owners describe starting a new business as more demanding than having a new baby – you have to be prepared to give it your full energy, time, and attention at any time of the day or night. The following articles give you tips on choosing the best business idea for you:

The Right Business for you by Nolo
The folks at Nolo give advice on finding the right new business idea for your interests and risk tolerance.

Top 15 Questions from SCORE
So, you have a new business idea, but you re not sure how to start. These are the top questions from would-be entrepreneurs like you, with great answers from the experts at SCORE.

Business Startup Strategy
Run your new business idea through a quick feasibility analysis with this short list of questions you will need to answer about your customers, your business goals, and your finances.

Articles for implementing your new business idea

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.


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BUSINESS IDEAS #applying #for #a #business #loan


#new business idea

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10 Businesses You Can Start for $500 or Less!

Don t have a lot of money to invest in your business? Ideas you can use that cost you less than $500. Do you want to start a business but don t have much money to spend? Here are ten business ideas that can be started for $500 or less. 11/26/2005 · Noah Kagen of OkDork.com is starting off the holidays by giving out a $500 scholorship to the best business idea sent to him.

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SmallScaleBusiness.com Targets 1000 Business Ideas By End

There are many small business ideas available for those of you who want to start a business, but do not yet have a firm idea of what business you want to start. 1,000 Ways to Start a Business with Less than $1,000 So many people today have the misconception that starting a business takes a lot of money. The old saying, “It A book that gives you practical business ideas and over one thousand directory of sourcing money Notifications and Updates on practical business idea.

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New Business Ideas | Bplans

Want to start your own business but unsure of the business opportunities available? Get inspiration from our start-up articles full of small business ideas. Top 10 business ideas opportunities for 2012. We’ve selected 10 new business ideas that will provide entrepreneurs with plenty of inspiration in 2012. 1/13/2009 · A. All you need to succeed. B. Something that comes along once in a lifetime. C. An idea that no one else has ever thought of. D. the beginning of a great

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Business Idea Center Entrepreneur Start, run and grow

Handymen are climbing the ladder to success with one-person businesses. builder on ladder image by Cherry-Merry from Fotolia.com 1/11/2011 · One such advantage is time. Once a person retires, There are many home based business ideas for retired people,especially those who want and need to Ideas Pajama Businesses. photo credit: petechons. A recent report on Inc.com stated that home businesses continue to grow and will continue to sky rocket through

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Dumb But Profitable. 10 Million Dollar Ideas That Shouldn

Eyewear for a pet dog? Sounds pretty dumb doesn t it? But not if someone actually starts manufacturing them and turns them into a million dollar business. who hopes to pay his way through university by selling 1 million pixels of internet ad space for $1 each. The Million Dollar Homepage © 2005 Alex Tew.

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Allurentertainment Event Planning Business Partner wanted #financial #news #today


#business partner wanted

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Event Planning Business Partner wanted

Описание компании

A small business event planning company located in the Bronx is currently seeking partnership to help support all aspects of starting up the business and take part in all aspects of decision making.

Описание вакансии

PLEASE READ CAREFULLY BEFORE APPLYING:

This is ideal work experience event planner or for a student studying Hospitality, Marketing or Event Planning looking to get into and start up a event planning business.

Please understand that there is no weekly pay nor any upfront financial investment needed, I am seeking a business partner with an entrepreneurial spirit with equal passion for planning events and business management. Compensation will be based on flat commission.

As you can Imagine starting your own business and all the funds needed to blossom, I am not asking for any $$ but I do need someone with a business state of mind that has that creative edge to get this business on the right track. ENTREPRENEUR PREFERRED.

Требования к квалификации

  • Ability to handle new Contracts/ Negotiation
  • capable of hiring/screening new interns/volunteers and generating suitable compensation/company perks
  • Hard working, extremely organized, outgoing, familiar with Bronx, Lives in New York City, NY *Great at surfing the web to find info
  • Must be able to attend weekly staff meetings
  • Must be able to work independently and be capable of dealing with a variety of people from event vendors
  • Helping us build our database of local event/wedding planners, location scouts photo and film industry contacts, etc.
  • Fielding calls and email requests for space rental and availability
  • Participating in open house events
  • Helping us build our database of local event/wedding planners, location scouts photo and film industry contacts, etc.
  • Researching local vendor partnerships and media opportunities

Дополнительная информация

Please understand that there is no weekly pay nor any upfront financial investment needed, I am seeking a business partner with an entrepreneurial spirit with equal passion for planning events and business management. Compensation will be based on flat commission.

BASED IN THE BRONX, NY so traveling is a must!


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Promotional Calendars & Corporate Business Calendars 2017 #photography #business


#business calendars

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Promotional Calendars for 2017

Rose Calendars are proud to offer over a century of experience in designing, publishing and printing promotional calendars. Proven to be one of the most cost-effective forms of advertising and providing a medium for your business promotion, our extensive range of stunning advertising calendars ensure your brand is directly in front of your customers all year round.

Whether you are looking for attractive, eye-catching promotional wall calendars or stylish branded desktop calendars, our range of 2017 calendars includes stunning titles and formats for every taste and budget. Please browse our range of exciting promotional advertising calendars for 2017.

Over a Century of Calendar Design, Manufacturing Printing!

Your calendar printing requirements are in good hands at Rose Calendars: we have been designing and publishing promotional calendars for over 100 years and through our expertise have become the leading calendar printer in the UK. The exceptional quality of our calendars and high standards of our customer service, coupled with low minimum order quantities and fast and reliable delivery, is renowned in the world of corporate calendars.

Our 2017 calendar range features innovative designs coupled with easy-to-use date pads, with stunning imagery complemented by informative captions and additional useful information. The 2017 range also features our innovative, industry leading 360 Interactive Wall Calendar. You can see all our new titles here .

Make the most of your 2016 marketing budget by investing in promotional calendars from Rose Calendars, specialists in corporate calendars for over a century!

As the Perseid Meteor Shower reaches its peak on the night of Friday 12 August, we share some top tips for how to see the most meteors, and ask the question: just what is a shooting star?

As the 2016 Olympic Games opens in Rio, we find out all about the origins of the games what the world’s fastest man has in common with Coreobis the cook from ancient Greece.

On 1st August we celebrate Yorkshire Day. Promoting the largest UK county of Yorkshire, it was first celebrated in 1975. View our Yorkshire Calendar, with scenes and landscapes of this historical county.

The month of July is named after Julius Caesar. So why was he singled out for this honour, and what inspired the naming of the other eleven months?


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Western Graphics: Customer Service: Business Calendar #suntrust #business #banking


#business calendars

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Customer Service

Business Calendar

Personalized Business Calendars

This personalized calendar will remain year round and there is no more effective way to market yourself and stay in front of your clients. An incredibly creative marketing piece with a “standout/wow” factor. It allows you to speak individually to your customers in an exclusive and impactful way. Imagine receiving a marketing piece that has your name written in bubbles, puffed into clouds or scattered in colorful butterflies.

Note: a minimum of 100 business calendars is required.

Please fill out the form below and we will contact you to discuss your project.

530 Wheeler Street North

St. Paul, Minnesota 55104-1701

Phone: (651) 603-6400

Fax: (651) 603-6401

Copyright 2016


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How do business loans work? #small #business #crm


#how do business loans work

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How do business loans work?

To explain how business loans work, I think it’s best to first talk about the two main types of lenders to business owners: traditional banks (Chase, Wells Fargo, Bank of America) and online lenders (OnDeck, Lending Club, Funding Club).

Traditional bank loans can be your lowest-rate option, if you qualify. But bank loans are extremely hard to come by — 4 out of 5 business owners are turned away by banks. And bank loans often exclude certain industries, take far longer to process, and can only be used for limited purposes.

With online lenders, you have several different kinds of loans available. They have a quick turnaround, are available to more business owners, and have a wide variety of options.

Here are the main types of loans available and a quick explanation on how each works:

  1. SBA Loan: This loan is guaranteed by the Small Business Administration (government-guaranteed), a federal agency that helps foster entrepreneurship. The loan is generally longer term, and has a reasonable interest rate. You are lent money, which you repay over a set period of time.
  2. Traditional Term Loan: A term loan is similar to a traditional loan you would obtain from a bank. You are lent a set amount which you pay back over a set period of time.
  3. Equipment Financing: You are lent money for the purpose of purchasing equipment for your business. The equipment serves as collateral for the loan. It’s the like buying a car — you are lent money up front to buy the asset, then you pay back the value borrowed over time.
  4. Business Line of Credit: You are given access to a credit limit that you can draw from whenever you need the money. It gives you a cushion to tap into, and you only pay interest on funds drawn.
  5. Invoice Financing: Invoice financing allows you to sell your outstanding invoices to a lender, who will front you money in exchange. While you lose a portion of your potential profits, you are able to get cash immediately rather than waiting on your customers to pay.
  6. Short Term Business Loan: A term loan with a very quick payback period, as short as 3 months.
  7. Merchant Cash Advance: The lender gives you cash up front in exchange for a percent of daily credit card sales for a set future period.

If you want more info on how each type of loan works, we put together a comprehensive guide on our site: Which Business Loan is Best For You?

Hope this helps!

I work as a small business finance expert for Yellowstone Capital, a small business lender that has helped over 250,000 small business owners secure more than $500 million in funding for their businesses.

Banks look at many aspects of the company, as well as the business owner, before making a decision on whether to extend a line of credit.

Business: Revenue, profit, business plan, investors, outstanding loans

Owner: Credit history/score, outstanding debt, previous business history, personal referrals, current employment

You have to make sure that you have everything in order before you go in to apply for a loan, especially if your business is just getting off the ground.

Of course this leaves out the approval process, and where to go if you aren t able to secure a loan due to credit issues, but this covers at least how to choose the right bank if you go that route.

Here’s our own take on your question that might help shed a little more light on the topic:

Here’s the official Wikipedia entry on the subject:

Here’s a video that helps explain why small business loans can be so difficult to get approved for at traditional lending institutions like banks and credit unions:

If you have any more questions, please feel free to read any of our blog posts on the topic of small business loans.

Tony D. and the Yellowstone Team


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Международная информационная система Kompass – поисковая B2B система для профессионалов #work #from #home #business

#business search engines

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Программное решение для поиска клиентов и заказчиков!

Оперируя 60 критериями поиска по 5 млн. компаний, наш мощный поисковый онлайн-инструмент EasyBusiness поможет спланировать и организовать Ваши продажи, маркетинг и коммерческое предложение.

НУЖНА ПОМОЩЬ В ПОИСКЕ КЛИЕНТОВ?

EasyList – эффективный инструмент для формирования целевых списков компаний и индивидуальных баз данных по глобальной базе данных 5 млн. компаний.

Аккуратные решения для Вашего поиска потенциальных клиентов!

Данное решение поможет Вам отточить мастерство по поиску потенциальных заказчиков, предложив множество функций для повышения эффективности продаж и маркетинговых кампаний.

Создайте международный профиль Вашей компании бесплатно!

Выходите на новые рынки? Планируете увеличение объемов продаж? Разместите информацию о Вашей компании бесплатно на Международном информационном B2B портале KOMPASS.

Приоритетное онлайн-размещение! Будьте всегда в первых строчках!

Наше предложение Booster направлено на профессиональное размещение информации о вашей компании и привлечении внимания к ней со стороны потенциальных заказчиков.

Целенаправленное онлайн-продвижение с таргетированной рекламой!

Мы предлагаем целый ряд эффективных пакетов по онлайн-продвижению, которые позволят правильно сформировать и представить международный профиль Вашей компании и привлечь к нему внимание потенциальных клиентов и заказчиков.

Справочник компаний Украины

База данных компаний Украины

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Рост Вашего бизнеса на основе наших глобальных решений


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Advantages and disadvantages of franchising your business #business #directories


#franchising your business

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Franchise your business

Advantages and disadvantages of franchising your business

Franchising is an excellent way of expanding a business that is already successful. However you should be aware that franchising is not suitable for every business. Understanding the advantages and disadvantages of franchising will enable you to decide if franchising is a suitable option for your business expansion.

Advantages of franchising your business

  • Grow your business – franchising your business can be a cost-effective way to grow your business. You will not have to cover the cost of investing in new premises or staff. Additional sales lead to additional profit and if you retain this in the business, in the long-term, you should have a saleable asset for your future.
  • Costs – each franchisee finances their own franchise outlet. While the franchisee meets all the costs and collects the income, you receive franchise fees and royalties or a mark-up on products sold by the franchisee.
  • Easier management – the franchisees also run their businesses therefore reducing the management demands placed on you. The best franchisees will be highly motivated and have local expertise, making your life much easier.
  • Develop your brand – the more franchisees you have the better known your brand becomes. Your brand benefits from the capital investment of the franchisee.
  • Motivated franchisees – franchisees are likely to be more motivated than a manager as they have a vested interest in the success of their business and therefore the success of your brand.
  • Purchasing power – a larger business is more secure and additional turnover and profit can provide access to better deals for office equipment, vehicles and other business purchases.
  • Ideas for future success – franchisees can contribute fresh ideas for the future success of the brand maybe outlining opportunities that you might not have identified otherwise.
  • Support from others – being a business owner can be isolating so having a franchise network can offer support and advice.

Disadvantages of franchising your business

  • Not a fix for a failing business – franchising is not a solution to provide injections of capital from other people when a business is in difficulty. You should only go down the franchise route if you already have a successful business up and running.
  • Costs – franchising your business will involve significant financial investment at the outset in order to get a successful franchise model in place for future growth of the business including investment in preparing legal documents, operations manuals, marketing materials and recruitment.
  • Time – franchising will take a lot of time investment especially when initially setting up the franchise model. You will also have to take the time to ensure you attract the right franchisees and control what they do.
  • Training and support – you will have to develop and deliver a suite of training and support for your franchisees to successfully sell your brand. Businesses need to have systems and procedures in place that can be copied by most people to run a successful business.

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