Tag: Small

Fleet Management News – Business Info, Commercial Carrier Journal, small business magazine.#Small #business #magazine


No magic bullet for trailer aerodynamics

Small business magazine

Trucking in aerospace: fleets look beyond compliance to increase safety

Small business magazine

Did we just get our first unauthorized look at Tesla s semi?

EPA formally proposes repeal of Obama-era glider kit emissions regulations

Plan for trucks-only tolls in Rhode Island delayed into 2018

Small business magazine

BLOGS

Jason Cannon

No magic bullet for trailer aerodynamics

Aaron Huff

Trucking in aerospace: fleets look beyond compliance to increase safety

Jason Cannon

Did we just get our first unauthorized look at Tesla s semi?

Jason Cannon

Letting the bully have your milk money and taking a beating for the privilege

Small business magazine

Michigan State Police begin roadside drug testing pilot program

Small business magazine

Several fleets announce pay scale changes for drivers

Small business magazine

Montana-based fleet set to begin U.S. Capitol Christmas Tree tour

Small business magazine

Texas Congressman asks Trump to delay ELD mandate via Executive Order

Small business magazine

Next-generation truck OEMs look to build a footprint through partnerships

Small business magazine

Small business magazine

IronPlanet and Ritchie Bros. join forces to lead the asset disposition industry

Small business magazine

Spireon adds ELD option to FleetLocate platform

Small business magazine

Cargo thefts up in third quarter

Registration opens for TMC annual meeting

Small business magazine

Freightliner adds 60-inch raised roof sleeper option to Cascadia

Small business magazine

Knight-Swift earnings tumble in first quarterly report due to merger-associated fees

Small business magazine

FMCSA nom Martinez clears first confirmation nod in Senate

Small business magazine

New truck OEMs working to carve out their niche

Small business magazine

Ryder exec Scott Perry bolts to hydrogen-electric truck maker Nikola

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Must Clicks

Small business magazine

Indicators: Trucking employment flat in October, shippers ‘exposed to new reality’

Small business magazine

Drivers seek $1.1M from carrier over classification as contractors

Small business magazine

EPA formally proposes repeal of Obama-era glider kit emissions regulations

Products

Small business magazine

XStream Trucking’s tractor-trailer gap aero device

Small business magazine

Fontaine’s lightweight fifth wheel assembly

Small business magazine

ASA Electronics Voyager SEE360 Camera System

Small business magazine

2002-16 Sprinter van starters, alternators

Small business magazine

Double Coin/CMA RR706 tire gets three new sizes

Industry Briefs

Small business magazine

EBE Technologies has record 2017

TransConnect Services finalist for best place to work in Memphis

Small business magazine

eCapital joins Blockchain in Trucking Alliance

Small business magazine

STEMCO acquires brake manufacturer

Small business magazine

J. Grady Randolph selects Spireon for flatbed tracking


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Canadian Government Grants & Loans – Small Business Financing, government grants for small businesses.#Government

Try the Grant Finder Search Engine

Search through 926 government programs

Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

Ready to Get Started?

Or fill out the form below to get in touch with one of our Funding Experts.

Government grants for small businesses

Government grants for small businesses

Government grants for small businesses

The recipients in these stories took the first step and contacted our Centre to learn about their funding options. Although we cannot guarantee you will get funding, the more you know about others experiences the better your chances.

CFSBF has no affiliation with any program, and no claim is made that funding is guaranteed.

View Funding By:

Get Expert Help

Find out if you may be eligible for funding

Call: 1 866 682 2402

Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

For More Info Call 1 866 682 2402

Find out if you may be eligible for funding

Call: 1 866 682 2402

Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

Government Money May be Available For Your Business

Search through 926 government programs

You may be eligible for.

Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

Time Left To Register Today

Ready to Get Started?

Call Us for More Info 1 866 682 2402

Or fill out the form below to get in touch with one of our Funding Experts.


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The Benefits of Outsourcing for Small Businesses – New York Times, small scale business.#Small

Small Business

Outsourcing — the practice of using outside firms to handle work normally performed within a company — is a familiar concept to many entrepreneurs. Small companies routinely outsource their payroll processing, accounting, distribution, and many other important functions — often because they have no other choice. Many large companies turn to outsourcing to cut costs. In response, entire industries have evolved to serve companies’ outsourcing needs.

Small scale business

Articles and resources from AllBusiness.com

AllBusiness.com is a business Web site that provides information and services to small businesses.

Examine Internal Processes Before You Outsource

By AllBusiness.com

To make an outsourcing relationship work, you may have to rework some of the internal processes that will remain in-house. Consider the interactions that will be required for you hand off segments of your business, and make sure you’ll be able to manage the areas around the outsourced functions. Do you have systems in place to efficiently receive what your outsourced vendor delivers?

But not many businesses thoroughly understand the benefits of outsourcing. It’s true that outsourcing can save money, but that’s not the only (or even the most important) reason to do it. As many firms discovered during the outsourcing “mania” of the early 1990s, outsourcing too much can be an even bigger mistake than not outsourcing any work at all. The flat economy caused many companies into huge layoffs and subsequently outsourced functions that were better kept in-house. Wise outsourcing, however, can provide a number of long-term benefits:

Control capital costs. Cost-cutting may not be the only reason to outsource, but it’s certainly a major factor. Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in your business, and allows you to avoid large expenditures in the early stages of your business. Outsourcing can also make your firm more attractive to investors, since you’re able to pump more capital directly into revenue-producing activities.

Increase efficiency. Companies that do everything themselves have much higher research, development, marketing, and distribution expenses, all of which must be passed on to customers. An outside provider’s cost structure and economy of scale can give your firm an important competitive advantage.

Reduce labor costs. Hiring and training staff for short-term or peripheral projects can be very expensive, and temporary employees don’t always live up to your expectations. Outsourcing lets you focus your human resources where you need them most.

Start new projects quickly. A good outsourcing firm has the resources to start a project right away. Handling the same project in-house might involve taking weeks or months to hire the right people, train them, and provide the support they need. And if a project requires major capital investments (such as building a series of distribution centers), the startup process can be even more difficult.

Focus on your core business. Every business has limited resources, and every manager has limited time and attention. Outsourcing can help your business to shift its focus from peripheral activities toward work that serves the customer, and it can help managers set their priorities more clearly.

Level the playing field. Most small firms simply can’t afford to match the in-house support services that larger companies maintain. Outsourcing can help small firms act “big” by giving them access to the same economies of scale, efficiency, and expertise that large companies enjoy.

Reduce risk. Every business investment carries a certain amount of risk. Markets, competition, government regulations, financial conditions, and technologies all change very quickly. Outsourcing providers assume and manage this risk for you, and they generally are much better at deciding how to avoid risk in their areas of expertise.

Checklist: Potential Pitfalls of Outsourcing

By AllBusiness.com

– Management: The outsourcing company must be prepared to manage projects across time differences and cultural barriers.

– Quality control: The outsourcing company needs a clear set of guidelines, expectations, and processes to manage the quality of products or services rendered.

– Taxes: Employing several outsourced for-profit enterprises can impact the taxes assessed on the outsourcing company.

– Liability: It can be difficult to determine the liability of different parties involved in complex outsourcing relationships.


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Business – definition of business by The Free Dictionary, small scale business.#Small #scale #business


business

These nouns apply to forms of activity that have the objective of supplying products or services for a fee. Business pertains broadly to commercial, financial, and industrial activity, and more narrowly to specific fields or firms engaging in this activity: a company that does business over the internet; went into the software consulting business; owns a dry-cleaning business. Industry entails the production and manufacture of goods or commodities, especially on a large scale: the computer industry. Commerce and trade refer to the exchange and distribution of goods or commodities: laws regulating interstate commerce; involved in the domestic fur trade. Traffic pertains in particular to businesses engaged in the transportation of goods or passengers: renovated the docks to attract shipping traffic. The word may also suggest illegal trade: discovered a brisk traffic in stolen goods.

busi ness

Business

  1. As oxygen is the disintegrating principle of life, working night and day to dissolve, separate, pull apart and dissipate, so there is something in business that continually tends to scatter, destroy and shift possession from this man to that. A million mice nibble eternally at every business venture Elbert Hubbard
  2. Business is like a man rowing a boat upstream. He has no choice; he must go ahead or he will go back Lewis E. Pierson
  3. Business is like oil. It won t mix with anything but business J. Grahame
  4. Business is very much like religion: it is founded on faith William McFee
  5. Business policy flows downhill from the mountain, like water Anon
  6. A business without customers is like a computer without bytes Anon

As the entries that follow show, this concept lends itself to many additional twists.

Playwrights Ernst and Lindley wrote this simile to be spoken by a judge in their 1930 s play Hold Your Tongue.

The first two words are transposed from Computer companies to generalize the comparison.

business

Business is the work of making, buying, and selling goods or services.

When you use business in this sense, don’t say ‘a business’. Don’t say, for example, ‘ We’ve got a business to do ‘. You say ‘We’ve got some business to do’.

You can talk about a particular area of business using the followed by a noun followed by business.

A business is a company, shop, or organization that makes and sells goods or provides a service.


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Small business loans, small business loans.#Small #business #loans


Small business loans

A unique way of helping people who might not qualify for or need a conventional loan

Instead of looking at your credit history and net worth, we look at ambition, character and determination.

We look at what you can achieve through financial literacy.

Microborrowers are

  • Entrepreneurs with great ideas and limited resources
  • People looking to enter a trade or profession
  • Newcomers to Canada who need to build credit history
  • People who need to repair credit history

Microfinance can help

  • Start a business
  • Upgrade education
  • Renew certifications
  • Buy tools equipment to start working

Vancity offers two types of microfinance

Peerloans

If you are a group coming together to support each other through the early stages of a micro-business then have a look at our Circle Lending loan. Also known as Peer Lending, this loan is best suited for people in a shared community.

Circle Lending loans often support kitchen-table businesses, and are great for building local enterprise and credit histories.

If you have recently graduated from trade school or have a job offer in a new field but don’t have the cash to set yourself up with the tools or equipment required then our With These Hands loan will provide some upfront cash to launch you on your way.

If you are a newcomer to Canada and need some help getting back into your previous line of work our Back to Work loan can help.

The loan can support you with the costs of a challenge exam, or cover professional fees.

Microloans

Offered by The Island Chefs Collaborative and FarmFolk CityFolk, in partnership with Vancity, this loan of between $1,000 and $10,000 provides

funds for growers, harvesters and processors to invest in equipment and materials to increase the supply of food in the region.

If you have a great start-up business idea, an entrepreneurial spirit and a business plan then the Be My Own Boss loan may be right for you. You don’t yet need a track record, just the drive to succeed.

If you’re growing food on under 50 acres and need up to $75,000 to develop your operation, we’d like to help.

With your business plan, good character and training or experience, you’re ready to explore the Small Growers loan.

If you’re starting up or expanding your creative enterprise and need up to $75,000 to develop your venture, we’d like to help.

With your business plan, good character and training or experience, you’re ready to explore the By Design loan.

Is your business is in its second or third year of operation? Do you need capital to grow, or a line of credit to ease the cash flow challenges that often come when a business succeeds and expands?

The Next Step loan is for young, healthy businesses that don’t yet qualify for traditional financing.

Have you finished the Aboriginal Business and Entrepreneurial Skills Training (BEST) program and have a great start-up business idea or want to buy or expand an existing business?

The Aboriginal BEST loan can help get your business idea up and running.

We can provide a business loan based on your entrepreneurial drive, the strength of your idea and the potential of your business plan, instead of just your credit history and collateral.

If you are a small-business owner or start-up social enterprise, then the Microloans for Green Businesses will work for you.

If you have an offer of membership from a worker’s co-op, and you want to contribute your full membership share right away, we’d like to help.

The Work-to-Own co-op loan can help you put your equity to work right away.

Contact Vancity’s Microfinance Program Manager

Call us. Small loans can make a big difference.


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South African Government Grants, Entrepreneur, small business funding.#Small #business #funding


South African Government Grants

Small business funding

1 South African Government Grants options to choose from

Contents

  • What is a Government Grant?
  • Do you have to repay a Government Grant?
  • List of Government Grants for Business
  • Who can apply for Government Grants for Business?
  • Tips on applying for Government Grants for Business

The South African government is well aware of the importance of developing the economy, creating employment and attracting foreign investment.

To make these goals a reality, there are grants and assistance programmes available from the government and associated organisations that can get your business off the ground and expanding.

What is a Government Grant?

It is an award of funds from the government that does not need to be repaid, does not accrue interest, and has strict guidelines for application.

Grants available from the government usually tie in with its key deliverables such as black economic empowerment, job creation and developing the economy – to name some.

Do you have to repay a Government Grant?

Unlike a loan, a grant is an award of money that is non-repayable – meaning there is no obligation by the receiving parties to repay the money received. While the government is one of the best sources of grants, its selection criteria is strict and paperwork intensive, and the receiving business is obligated to spend the funds in a manner specified by the provider.

Most funds available in South Africa have their own specific requirements, so it’s advisable to research each fund carefully to assess their criteria and up your chances of receiving funding.

2 List of Government Grants for Business

Small business funding

The best place to start with researching government grants for business is through the Department of Trade and Industry (DTI). By visiting www.thedti.gov.za, you can explore a number of funding options from grants to incentives and all their qualifying criteria. Some grants available include:

1. Aqua-culture Development and Enhancement Programme (ADEP)

This programme is available to registered entities involved in primary, secondary and ancillary aquaculture projects for both marine and fresh water. It is approved for new, existing and upgrading entities. See more here.

2. Automotive Investment Scheme (AIS)

This scheme is designed to grow and develop the automotive industry through investment in new and replacement models and components that will increase production volumes, sustain and increase employment, and strengthen the automotive value chain. See more here.

3. Black Business Supplier Development Programme (BBSDP)

This is a cost-sharing grant offered to black-owned businesses to improve their competitiveness and sustainability. It aims to fast-track small and micro-enterprises, foster links between black-owned businesses, corporates and public sector, and to complement affirmative procurement and outsourcing. It provides grants to a maximum of R1 million. See more here.

4. Business Process Services (BPS)

This scheme aims to attract investment and create employment in South Africa through off-shoring activities. It involves a three-year tax-exempt grant for qualifying businesses. See more here.

5. Capital Projects Feasibility Programme (CPFP)

The Capital Projects Feasibility Programme is a cost-sharing grant contributing to the cost of feasibility studies for projects that will lead to increased local exports and stimulate the local manufacturing sector. See more here.

6. Critical Infrastructure Programme (CIP)

This is aimed at improving the infrastructure of South Africa. The grant covers a minimum of 10% to a maximum of 30% of total development costs of qualifying infrastructure. See more here.

7. The Co-operative Incentive Scheme (CIS)

This scheme is a 90:10 cost-sharing grant for registered primary cop-operatives of five or more members to improve the viability and competitiveness. See more here.

8. Incubation Support Programme (ISP)

This programme is designed to create and develop successful enterprises with the ability to revitalise communities and local economies. For more information visit this site.

9. The Manufacturing Competitive Enhancement Programme (MCEP)

Provides enhanced manufacturing support to encourage facility upgrades to sustain employment and improve productivity. See more here.

10. Manufacturing Investment Programme (MIP)

This programme is a reimbursable cash grant to local and foreign-owned manufacturers who wish to establish new facilities or expand on existing ones.

11. National Youth Development Agency (NYDA)

While it is moving away from grants for youth and going toward mentorship and development programmes, grants are available for youth entrepreneurs. See more here.

12. People-carrier Automotive Investment Scheme (P-AIS)

This is a cash grant of between 20% and 35% of the value of qualifying investment in productive assets approved by the DTI. See more here.

13. The Sector Specific Assistance Scheme (SSAS)

This scheme is a cost-sharing grant offered on an 80:20 principle and a maximum of R1,5 million is awarded to qualifying businesses. See more here.

14. Support Programme for Industrial Innovation (SPII)

The Support Programme for Industrial Innovation is aimed to promote technology development in South African industry. Visit their site for more information.

3 Who can apply for Government Grants for business?

Small business funding

Because of the number of grants available – and each with its own criteria – you will need to individually research each grant. Generally through, the following will be required:

  • The business needs to be majority black-owned
  • It needs to have a significant representation of black managers (if applicable)
  • Minimum and maximum turnovers vary from grant to grant
  • The business must have a minimum of one year in trading
  • The business must be a registered entity with a tax clearance certificate, Vat number, etc.
  • The business must comply with all regulations such as CIPRO, SARS etc.
  • All owners and major shareholders need a clear credit history.

4 Tips on applying for Government Grants for business

Small business funding

Once you’ve identified a grant applicable to your business and industry, research it thoroughly to determine the qualifying criteria.

Each grant listed on the DTI website has a contact person you can call or email for more information.

When applying, make sure you’ve completed the following checklist:

  1. Completed and signed application form
  2. SARS Tax Clearance Certificate – Original and valid
  3. Detailed business plan
  4. Co-operative resolution (if applicable)
  5. List of directors, shareholders etc. complete with certified copies of IDs and CVs
  6. Copy of business registration certificate
  7. Motivational letter
  8. Bank statements
  9. Projected financial statements for start-up and/or expansion.

When applying for a Government Grant you will need to have a business plan. Here is a free business plan template to get you started.

Small business funding


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Small Business Funding In South Africa, Entrepreneur, small business funding.#Small #business #funding


Small Business Funding In South Africa

For many entrepreneurs, the minute they realise they need small business funding, they automatically panic and wonder, “How on earth am I going to get funding?”

The good news is that there are a number of ways you can get funding for your small business if you know where to look and do the right preparation.

How small business funding differs from big business funding

Basically, it’s a matter of scale. A small business isn’t likely to require R100 million in finance.

A small business can get started on as little as R1 000 – and with profits put back into the business – can grow organically and rely very little on external funding.

The other difference pertains to size in another way: Big business tends to refer to corporate entities with shareholders, boards of directors etc., while small business tends to refer to privately owned and operated business.

Small business funding

The dangers of running your business finances through your personal account

Say you want to start a small business crafting wooden furniture and you can buy most of the equipment on your credit card. In one way, it’s the quickest and easiest way to get going, but running your business finances through your personal accounts come with risk.

Not separating your business from you personally sets you up for legal liability. If, for example, you default on credit card payments or fall into debt, your personal assets can be seized over and above your business assets.

The other risk is that of keeping clear records and distinctions of which expenses are business and which are personal. This can lead to tax complications come tax season and you can incur fines that can close your business.

Having a separate account for your business also lends credibility to it, and in the event you require finance from a bank, your clear financial documentation will aid the bank in assessing whether to grant you a loan.

Why a clean credit record is so important to small business funders

In order to qualify for grants or loans, the lending facility needs to assess whether you’ll be able to repay the loan, and your credit record is their way of checking. Even if you’re starting a brand new business, if you have a tarnished personal credit record or are blacklisted for bad/non-payment, your ability to borrow will be negatively affected.

Every South African is entitled to a free credit report once a year. You can learn more about about your credit record through credit bureaus like TransUnion.

Small business funding

Various small business funding options available

If you’re not in the position to self-fund through use of personal credit and/or savings, you can investigate these following ways to get small business funding.

Small Business Funding Option 1: Angel Investment

An angel investor is typically a wealthy professional who is able to provide you with start-up capital in exchange for equity in the business or a fixed percentage interest on the loan. Angel investors can be individuals or form angel networks in order to distribute risk.

Angel investors can be hands-off, not wanting to be part of the business, while others may want to be involved in decision-making and/or act as a business mentor.

A rookie mistake made by many is to enter into verbal agreements with angel investors without terms and conditions written and signed by both parties. Without a contract in place, conflict can arise; an investor can withdraw their funding, and the business’s future can be jeopardised. Make sure whenever finance is involved, there is a written agreement in place.

Small Business Funding Option 2: Bank funding

If you choose to approach a bank for finance you need a number of things in place before you approach them.

First is a comprehensive and fully understood business plan complete with financial projections. You also need to provide a full set of financials for them to examine. Then you need to understand the kinds of loans available and which kind is best suited to your needs.

If, for example, you need to buy equipment which devalues with age and use, it’s not advisable to take a long-term loan where you’ll be paying for it long after it’s served its lifespan.

Bank Finance Options for Small Business:

  1. Overdraft – is ideally suited to managing cash flow.
  2. Business revolving credit – this is a line of credit available as and when it is needed and repayments are typically fixed monthly instalments. The original limit is usually restored after a set percentage has been repaid.
  3. Medium-term loans – are ideally suited for capital expenses and repayable for a period of two to seven years, but can be longer. Interest and repayment tend to be linked to prime, how much collateral you have, and the value of the asset you need finance for.
  4. Business mortgage / Property finance – in the event you wish to buy or renovate property for your business or convert part of a residence into office space, this is the loan to investigate.
  5. Vehicle and asset finance – Whether it’s a vehicle or specialised equipment required, talk to your bank about vehicle and asset finance to determine whether its terms are suited to your business.

Small Business Funding Option 3: Crowd Funding

Relatively new to the scene, crowd funding is an exciting way to gather finance. It works in a similar way to angel investment, except many individuals are able to pledge varying amounts to the business in exchange for equity, interest, or other more creative returns.

As an example, new products, music albums and films have been crowd funded in exchange for early releases, while restaurants have named menu items after benefactors.

Typically, however, a product or service is pitched and uptake in funding helps determine whether there is demand for it, and first releases help fine-tune it.

South African crowd funding platforms include:

The top international crowd funding platforms include:

Small Business Funding Option 4:

Funding for Previously Disadvantaged Individuals (PDIs)

Small Business Government Grants and Loans

The government is involved in small business development by providing funding to previously disadvantaged individuals. These can take the form of grants, loans and tenders.

A government loan, like a loan from a financial institution, is given to an approved business that is required to repay the loan. It usually has more lenient repayment schedules and interest rates.

A government grant, by comparison, does not require repayment by the awarded business. The South African Department of Trade and Industry (DTI) has a number of initiatives designed to improve business activity for previously disadvantaged individuals, women and youth. You can read more at www.dti.gov.za SMME development financial assistance. Any business wanting to gain access to grants or funding needs to be BEE accredited and have a tax clearance certificate.

Enterprise Development (ED) Funding

This form of government mandated funding is devised as a means to create more jobs in South Africa through business development, and enterprise development is one of the elements of the BEE scorecard. Large corporates are required to pay towards enterprise development or use an Enterprise Development beneficiary in their business supply chain as part of their BEE scorecard.

How a small business benefits from ED funding is by enrolling in a corporate’s ED empowerment programme that can include mentorship, incubation, becoming procurement ready, how to be commercially viable and sustainable, etc.

Small Business Funding Option 5: Bootstrapping your Small Business

If you’re not drawn to the previous examples of funding, you can bootstrap your business. Fundamentally it’s starting and growing a business without external help.

This is achieved through getting operational as quickly as possible; keeping fixed overheads as low as possible – even if you have to work in your childhood bedroom or understaff; reinvesting profits into the business; and keeping growth in check by maintaining steady growth over explosive growth.

Small business funding


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Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, small business funding.#Small #business

Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.


Small Business CRM, GreenRope, small business crm.#Small #business #crm


Small Business CRM

Grow your business, whether you have 1 or 1,000 employees

Save over 90% total cost of ownership (TCO) with GreenRope’s

integrated sales, marketing, and operations suites.

Enterprise Features Made Easy for Small Business

Small business crm

Communicate Small business crm

Track Small business crm

Automate Small business crm

Create Small business crm

Learning Small business crm

Integrations Small business crm

Mobile CRM Small business crm

Shared Access Small business crm

Small business crm

Communicate

Convert more and build long-lasting relationships with GreenRope’s many features built to help you communicate with your leads and clients. From email marketing and social media to advanced marketing automation and more, all the tools you need to engage your contacts are right at your fingertips. It’s now easier than ever to keep in touch and stay top-of-mind.

Small business crm

Track

​Track your emails, websites, campaigns, signups and more with our real-time tracking and analytics. Find out where your top conversions are coming from and compare total pageviews, time on pages, conversion values, and more all in a single, easy-to-understand view. Data is everything – use it! All of the metrics you want to track are stored right in your CRM.

Small business crm

Automate

Marketing automation helps you setup processes allowing you to be more efficient. With our state of the art automation tools, increasing productivity, closing more deals, growing revenue, and saving time all become possibilities. Discover the many tools you have at your disposal and get started today.

Small business crm

Create

Make all of your communication and marketing materials stand out with GreenRope’s drag-and-drop EasyBuilder for emails and landing pages. With our platform, you can easily create professional and responsive emails, signup forms, landing pages, websites, and much more. Sit back and watch the leads come in.

Small business crm

Learning

Offer courses, certifications, or training sessions with our learning management system. Create courses, invite people to take those courses, provide learning materials and track progress all from one dashboard. All progress is tracked within your CRM.

Small business crm

Integrations

Connect the apps you use every day. We want to make your life easier. GreenRope integrates with many apps to help you maximize productivity. Some of our integrations include Zapier, WordPress, Magento, RightSignature, Evernote, just to name a few. All integrations can be accessed right from within the platform.

Small business crm

Mobile CRM

Stay connected no matter where you are. GreenRope’s mobile app lets you take your CRM and marketing automation on-the-go. The mobile app is free with every GreenRope account.

Small business crm

Shared Access

GreenRope empowers your team to collaborate like never before by not charging for additional users. Your entire team will have access to the information they need to get the job done. As the account owner, you can choose what level of access each of your shared access users receive, so each user will have a customized view and experience with the account.

Small business crm

Data Security

Keeping your business and your data secure is our top priority. At GreenRope, we have the security, stability, and disaster recovery plans so you can always feel safe and never have to worry about any internal or external threats. From utilizing maximum encrypted HTTPS for all web connections, to support for two-factor authentication and account owner approval for user data exports, your data is safeguarded in your personal fortress.

GreenRope is the world’s only Complete CRM, offering integrated sales, marketing, and operations tools to help you do better business. We are the small business CRM helping you build awareness, generate leads, engage and convert.


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The Best Business School in China, China Europe International Business School, best small business.#Best

best small business

Best small business

Ding Yuan, vice president of China Europe International Business School, said that as the Davos Forum was held amid a rising tide of de-globalization and trade protectionism, China’s attitude toward globalization and free trade issues has attracte

Best small business

So is there hope for foreign tech firms with aspirations to succeed in China? One tech company that appears to have made inroads into the China internet market as a niche player – and therefore suggests that it is not a lost cause – is InMobi.

Join us on a journey that will transform who you are. Change the way you think, analyse, manage – and gain vital insight into the world’s largest and most dynamic market. With our 18-month full-time, English language, MBA Programme based in Shanghai, you will be able to fast-forward your career like you could never have imagined.

Finance MBA

EXECUTIVE MBA

Are you an upper-level entrepreneur or executive who’s determined to further excel despite the uncertainties of this new era? Do you want to take your organisation to the next level by further developing your leadership qualities? Do you want to join the most powerful alumni network in China? CEIBS Executive MBA offers you world-class education with a unique vantage point of China’ s rapidly changing business and economic landscape.

Executive Education

No international business school knows China better, and no China-based school knows the world better. The CEIBS Executive Education offers companies our unique value proposition of unbeatable China knowledge matched with world-class business management learning. Our extensive Open Programmes and Company Specific Programmes have assisted more than 3,000 organisations and more than 100,000 executives in developing business leadership skills for today and the future.