Tag: Trends

Small Business Trends #business #administration #jobs


#small businesses

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Small Business, Big impact!

One thing is for sure, as a small business owner you are not alone! There are millions of small businesses across the United States traveling the same road as you each and every day. Although your business operates in its own unique fashion, the cumulative impact of the small business sector is enormous.

Small business is BIG!

The 28 million small businesses in America account for 54% of all U.S. sales.

Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.

The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.

The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.

Furthermore, the small business sector is growing rapidly. While corporate America has been “downsizing”, the rate of small business “start-ups” has grown, and the rate for small business failures has declined.

The number of small businesses in the United States has increased 49% since 1982.

Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million new jobs.

For more interesting facts about the Small Businesses community visit:


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Small Business Trends #business #database


#small businesses

#

Small Business, Big impact!

One thing is for sure, as a small business owner you are not alone! There are millions of small businesses across the United States traveling the same road as you each and every day. Although your business operates in its own unique fashion, the cumulative impact of the small business sector is enormous.

Small business is BIG!

The 28 million small businesses in America account for 54% of all U.S. sales.

Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.

The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.

The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.

Furthermore, the small business sector is growing rapidly. While corporate America has been “downsizing”, the rate of small business “start-ups” has grown, and the rate for small business failures has declined.

The number of small businesses in the United States has increased 49% since 1982.

Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million new jobs.

For more interesting facts about the Small Businesses community visit:


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Hanlon Windows Australia – Aluminium and Timber Windows and Doors #vantage, #vantage, #aws, #commercial,

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Hanlon Windows manufactures high performance, energy efficient aluminium and timber windows and doors for architecturally inspired projects

We have been manufacturing aluminium and timber windows and doors for over 35 years and have steadily grown to be one of the largest and most successful family owned window companies in Australia. We are 100% Australian owned and operated and pride ourselves on delivering the best windows and doors in Australia.

We manufacture high performance, energy efficient aluminium and timber windows and doors from the Vantage, Elevate and ThermalHEART ranges. Our timber windows and doors are beautifully crafted from sustainable managed Western Red Cedar and lend themselves to staining to bring out the rich variations in colour or can be primed ready for painting to suit the colour design of your home.

We offer a full complement of aluminium and timber windows and doors including sliding windows, louvre windows, bi-fold windows, double hung windows, awning windows, casement windows, sashless windows, sliding doors, stacking doors, bi-fold doors, hinged doors, french doors all in residential and commercial architectural styles. We have a large selection of glass products available including double glazed windows, laminated glass, energy-efficient glass, LowE glass, SmartGlass, ComfortPlus glass, safety glass, toned glass, security glass all supplied by Viridian. Australia s only local manufacturer of float glass and hard coat performance products.

We have won numerous National and Regional awards over the years for our quality products and customer service. We were recently announced as the winner of an award at the 2014 Australian Window Association Conference for the best use of windows and doors in a commercial new construction. This is an amazing achievement considering the calibre of projects entered into the awards and we would like to acknowledge the outstanding work that was put in by our great team and our fantastic suppliers, customers, architects and builders.

We understand that purchasing windows and doors can sometimes be a very daunting experience, especially with the amount of energy efficient, high performance products now available. No matter how big or small your project is our highly trained sales team is here to assist you select the most suitable product for your project.

Whether you re a Builder, Renovator, Architect or Building Designer you can rest assured knowing you ve made the right decision with Hanlon s.

Latest Projects


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Global Leaders Launch Council to Help End Malaria #end #malaria #council, #switzerland, #foreign #policy

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Global Leaders Launch Council to Help End Malaria

Bill Gates and Ray Chambers convene ‘End Malaria Council’ to drive attention and funding to wipe out the disease for good

DAVOS, Switzerland. Jan. 20, 2017 /PRNewswire/ — Bill Gates, co-chair of the Bill Melinda Gates Foundation, and Ray Chambers. the United Nations Secretary-General’s Special Envoy for Health in Agenda 2030 and for Malaria, today announced the launch of the End Malaria Council, a group of influential public and private sector leaders who aim to ensure malaria eradication remains a top global priority.

“The next chapter of the fight against malaria starts now,” said Gates, who co-authored a report with Chambers in 2015 called Aspiration to Action: What will it take to end malaria? “For the first time in history, we have a roadmap to a world without malaria – where no one has to die from a mosquito bite ever again. With renewed focus, innovation and new commitments of leadership and funding, we can be the generation to end malaria once and for all.”

The launch of the End Malaria Council comes just a month after the release of the World Health Organization’s 2016 World Malaria Report . which showed remarkable progress in reducing cases and deaths from malaria since 2000, but also underscored the urgent need for global leadership, new funding and innovation to stay on track to meet targets.

Members of the End Malaria Council will work in collaboration with the Roll Back Malaria Partnership and other key partners to help countries and regions achieve their malaria control and elimination goals. Members of this unique group will use their voices and networks to support the work already underway by malaria field workers, scientists and experts by focusing on three areas: building political will, mobilizing resources and supporting the development of new tools to find, prevent and treat malaria.

The Council has nine founding members, a group of whom met on the sidelines of the World Economic Forum Annual Meeting in Davos, Switzerland to discuss strategies for filling critical financing gaps in Africa. Asia and Latin America. The End Malaria Council will grow to represent all of the key malaria-endemic regions. Inaugural members include:

  • Bill Gates. Co-chair and Trustee, Bill Melinda Gates Foundation
  • Ray Chambers. UN Secretary-General’s Special Envoy for Health in Agenda 2030 and for Malaria
  • Peter Chernin. Founder, Chernin Entertainment and The Chernin Group
  • Aliko Dangote, President and Chief Executive, Dangote Group
  • H.E. Idriss Déby, President, Republic of Chad (representing the African Leaders Malaria Alliance)
  • H.E. Jakaya Kikwete. Former President, United Republic of Tanzania
  • Graça Machel, Founder, Foundation for Community Development, Mozambique
  • Luis Alberto Moreno. President, Inter-American Development Bank
  • H.E. Ellen Johnson Sirleaf. President, Republic of Liberia

Thanks to strong leadership, smart investments and the hard work of the public and private sectors, the world has cut malaria deaths in half since 2000, saving more than 6 million lives from the disease. Malaria-related deaths are at an all-time low, especially among children under five in sub-Saharan Africa. This can be largely attributed to the unprecedented delivery of more than 500 million insecticide-treated bed nets over the last three years, along with significant expansion of diagnosis and treatment.

But malaria preys on the rural poor and the young, still killing a child every two minutes. It stunts productivity, burdens families with health care costs, limits educational achievement and slows overall economic growth.

“We have reached a critical juncture in the malaria fight,” said Chambers. “To end this disease we need a creative approach to financing – one that combines continued support from donor countries with new approaches to expand commitments, particularly from countries affected by malaria.”

Ending malaria is within reach, but the next few years are critical. Success requires maintaining the progress to date, achieving control in endemic countries and accelerating to elimination where possible. Leaders in Africa and Asia have adopted ambitious elimination agendas for their regions, and countries are working hard to achieve the reductions in cases and deaths to meet the bold goals.

“Ending malaria was once an impossible dream,” said H.E. Jakaya Kikwete. former President of the United Republic of Tanzania. who lost a brother to malaria when he was a child and made malaria a key priority while in office. “It is now within our reach. It will take strong leadership and serious financial commitments, but I believe we can make history and end this brutal disease once and for all.”

SOURCE End Malaria Council

Global Leaders Launch Council to Help End Malaria


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5 Small Business Financing Trends to Watch #small #business #magazine


#small business finance

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5 Small Business Financing Trends to Watch

Entrepreneurs, fasten your seat belts. Whether you re starting up your dream business this year or managing your established small company, 2016 will be a rollercoaster ride of potential opportunity and pitfalls. Here are five trends to watch closely so you can jump on or off at the right time for your business:

1. The online lending market will grow but unwary borrowers beware!

The online lending sector of the financial technology (fintech) industry exploded in 2015 and shows no signs of slowing down this year. These lenders attract entrepreneurs by offering faster, more streamlined application processes than traditional banks. They are a true market disruptor: who doesn t want to fill out an online form and get loan approval mere hours later?

But be careful. These online lenders aren t regulated the same way as banks, and you need to read the fine print carefully. Generally, these lenders focus on merchant cash advances (with a payment arrangement that takes weekly or even daily dips from your incoming cash) or working capital loans with repayment front loaded into the first few months of the loan term. Their terms may be unclearly stated, and unsophisticated borrowers can find themselves on the hook for as much as 30 to 80 percent in rates and fees.

Online lenders have a place in the business landscape: they pressure traditional banks to pay more attention to small businesses and startups, and they can help you kick start your new business or put operational upgrades in place. There is already a movement afoot for lending organizations and financial service firms to support a Small Business Borrowers Bill of Rights. But until standards are in place, make sure you re crystal clear on the APR and cash flow implications of any loan you take out online.

2. Banks will edge back into the (small) lending business

And it s about time. Lower-dollar business loans have dwindled in the last ten years, even as Small Business Association funding caps have risen. In 2015, 79 percent of SBA loans were greater than $350,000. and most big banks would only consider applications from businesses with a minimum two-year financial track record. That left a lot of entrepreneurs out in the cold.

In 2016, thanks in part to the market threat presented by the booming fintech industry, traditional banks will ease back into lower-dollar lending and will explore alternative funding options. Karen Mills, former SBA chief, expects banks to move towards greater online automation themselves, and perhaps even partner with online lenders.

Since the SBA only guarantees loans through traditional banks, anything those banks do to open up to smaller businesses is good news for everyone.

3. The SBA has plenty of money to fund your business in 2016, but watch those rates.

SBA approved $23.6 billion in business funding in 2015, and the 7(a) funding cap for fiscal year 2016 is currently set at $26.5 billion. SBA loans are still the resource of choice for many entrepreneurs (my company, Guidant Financial. saw a 200 percent increase in SBA lending services last year). SBA is out in front of most traditional banks with its online application process and continues to streamline their processes.

But do your math, and keep a close eye on the Fed. SBA loans are variable and reset quarterly: with a volatile worldwide stock market and potentially rising interest rates in 2016, these loans will become more expensive than in the past 5 7 years.

4. Boomer entrepreneurs usage of 401(k) business financing will continue to climb.

Baby boomers continue to surge as a percentage of entrepreneurs. The 2015 Kaufmann Index found that people age 55-64 make up a quarter of all new entrepreneurs .

These owners are often in the enviable position of having ample retirement savings that they can use to fund a new business without tax penalties. The Rollover as Business Startup (ROBS) strategy can fully fund their business, or work as an equity injection in conjunction with a traditional SBA loan. This strategy has been in use for over a decade and has become increasingly popular since 2008. With rising interest rates, this popularity will only increase as ROBS does not have traditional loan fees associated with it, nor is it affected by the stock market.

The advantages of ROBS? Avoiding the higher costs of alternative lending or traditional loans, and providing the equity reassurance to loan underwriters, even in the absence of a two-year track record of business. But as with any investment, ROBS can be a risk. Canny entrepreneurs will make sure their business plans are rock-solid, and then put their retirement funds back to work.

5. Get ready for business to hit the brakes in August through early November.

It s common for presidential elections to derail the momentum of the economy as candidates make undeliverable promises or dire threats, and Congress freezes like a deer in headlights. Already, small business owners confidence is wobbling and may result in self-imposed delays in startups or acquisitions.

We ll know more about the potential benefits or challenges for small business when clear candidates emerge and take specific positions on issues like tax changes, industry regulation and health care.

There s a lot to keep your eye on in 2016. But for entrepreneurs who build and execute solid financial and operational plans, and keep a clear eye on their funding options, 2016 can be a banner year. Remember that opportunity always feels like a rollercoaster. Buckle up and enjoy the ride!


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About – Small Business Trends #business #opportunity


#small business

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About

Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them.

Small Business Trends is the premier source of information, breaking news and advice covering issues of key importance to small businesses. Along with the regular editorial staff, the site has 400+ vetted experts who volunteer their knowledge, insights, successes and failures. It is one of the most popular and highly-trafficked independent destinations on the Web exclusively focused on small businesses.

Mission Statement: Small business success delivered daily.

The Small Business Trends website appears on countless Top and Best of lists of small business resources. The company also operates:

  • BizSugar This social sharing site points you to the finest and most interesting content shared by the small business community at large a one-stop shop for great reading. Over 1 million registered members. The BizSugar Top 10 newsletter is eagerly anticipated each Friday. Acquired in 2009.
  • Tweak Your Biz A group business site with an international flair.

Small Business Trends also is the producer of two awards that recognize and support distinct interest segments of the small business market:

  • Small Business Book Awards Recognizes the efforts of entrepreneur-authors and is a resource for small-business book lovers. Business books are an important source of learning for business owners who may not have the time or budget for conferences. Since 2009.
  • Small Business Influencer Awards Recognizes the unsung heroes of small businesses: the experts, consultants, professional services providers, vendors, journalists and others that serve and influence the small business market. Since 2011.

Small Business Trends LLC is a woman-owned small business. It was founded in 2003 by Anita Campbell, and is headquartered near Cleveland, Ohio, USA.

Content is syndicated through Newstex and other sites around the Web. Small Business Trends currently reaches over 6,000,000 readers annually, via direct visits, RSS feeds (120,000+ subscribers), newsletters and social feeds (200,000+), and syndication.

The name Small Business Trends is a registered trademark of Small Business Trends LLC.

Small Business Trends is committed to reporting fairly. Our writers and editors may not write about people or entities with which they have financial interests, without disclosure. Our coverage is not influenced by advertisers.

Advertising is handled by our advertising department and is kept separate from the editorial department. Advertising and Sponsored Content is clearly identified as such.

Editorial review policy: We do not accept payment for reviewing books or products, or pointing them out as resources. Our book reviewers may, however, receive review copies of books (a customary practice in the publishing industry). For software product reviews, our reviewers typically use free accounts, demo accounts or temporary review accounts. For hardware reviews, we typically use temporary product loans provided for media review purposes, or a product previously owned by the reviewer.

A former corporate attorney and General Counsel, she went on to become the CEO of a technology subsidiary of Bell Howell. Happily running her own business for the last decade, she founded Small Business Trends while looking for a simple way to publish newsletter articles. The site quickly grew, and other sites focusing on the small business market were acquired along the way.

Anita has served on numerous Boards, including the Board of NEOSA (the technology network of COSE, Council of Smaller Enterprises); the Center for eBusiness and Information Technology at the University of Akron College of Business; and NorTech. She has a B.A. degree from Duquesne University and a J.D. degree from the University of Akron School of Law. She completed an executive education program at the University of Michigan Business School.

Anita s focus today is on growing the online publishing business. But she also maintains active commentary on small business issues on various media and Web properties. Read more about founder Anita Campbell .

Staci is the Chief Operations Officer of Small Business Trends. She is responsible for oversight of the day-to-day operations of the Small Business Trends network, the commissioning and scheduling of site content on Small Business Trends. relations with Small Business Trends Experts, creation of custom content, relations with syndication partners, marketing, staff oversight, staffing requirements and quality assurance.

She was also the Producer of the former Small Business Trends Radio Show. a podcasted radio show featuring interviews with small business experts across various industries where she was responsible for guest scheduling, scouting and show content.

After being a 20-year member of the rat race, Staci traded in her office, opted out – and joined the virtual world and the Small Business Trends community. Staci is a graduate of the Bradford School of Business and currently resides and works in Pennsylvania. She was the first person to come on board at Small Business Trends. after the Founder, in 2006.

Leland is the Chief Technology Officer at Small Business Trends. He is responsible for all technical aspects of the Small Business Trends network of websites. Leland is responsible for programming, design and maintenance of the sites, as well as server administration. He has performed work for Small Business Trends since 2010.

Leland has a long-standing passion for website development. While in high school, he created the website for the local elementary school, and in college he was responsible for maintaining the student government website.

Leland currently resides and works in Oregon. He attended Blue Mountain Community College, earning an Associate of Science Degree in Computers and Mathematics. He received his Bachelors Degree in Computer Science from Oregon State University.

Tamar focuses on business development, content strategy, and advertising sales.

She is the author of The New Community Rules: Marketing on the Social Web and has worked for Mashable, Gawker Media, Search Engine Roundtable, and Real Simple Magazine, among others.

Shawn focuses on small business news coverage, other editorial content, and working with Small Business Trends growing community of correspondents and contributors.

Before coming to Small Business Trends, Shawn spent more than a decade in the traditional newspaper business in various positions from beat reporter to bureau chief and managing editor. He has also served as the community manager for BizSugar.com and as Community Editor at AllAnalytics.com, a UBM Tech site.

Amanda Stillwagon is in the marketing department for Small Business Trends. Amanda oversees online marketing, email marketing, newsletter creation and social media marketing for the Small Business Trends group of sites.

Amanda formerly served as Editor of Small Business CEO, where she was responsible for editing, content, site management and the oversight of guest contributors.

Amanda had her own candle making business, and was also the former office manager of a veterinary office. She joined Small Business Trends in 2008.


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5 Small Business Financing Trends to Watch #business #internet


#small business finance

#

5 Small Business Financing Trends to Watch

Entrepreneurs, fasten your seat belts. Whether you re starting up your dream business this year or managing your established small company, 2016 will be a rollercoaster ride of potential opportunity and pitfalls. Here are five trends to watch closely so you can jump on or off at the right time for your business:

1. The online lending market will grow but unwary borrowers beware!

The online lending sector of the financial technology (fintech) industry exploded in 2015 and shows no signs of slowing down this year. These lenders attract entrepreneurs by offering faster, more streamlined application processes than traditional banks. They are a true market disruptor: who doesn t want to fill out an online form and get loan approval mere hours later?

But be careful. These online lenders aren t regulated the same way as banks, and you need to read the fine print carefully. Generally, these lenders focus on merchant cash advances (with a payment arrangement that takes weekly or even daily dips from your incoming cash) or working capital loans with repayment front loaded into the first few months of the loan term. Their terms may be unclearly stated, and unsophisticated borrowers can find themselves on the hook for as much as 30 to 80 percent in rates and fees.

Online lenders have a place in the business landscape: they pressure traditional banks to pay more attention to small businesses and startups, and they can help you kick start your new business or put operational upgrades in place. There is already a movement afoot for lending organizations and financial service firms to support a Small Business Borrowers Bill of Rights. But until standards are in place, make sure you re crystal clear on the APR and cash flow implications of any loan you take out online.

2. Banks will edge back into the (small) lending business

And it s about time. Lower-dollar business loans have dwindled in the last ten years, even as Small Business Association funding caps have risen. In 2015, 79 percent of SBA loans were greater than $350,000. and most big banks would only consider applications from businesses with a minimum two-year financial track record. That left a lot of entrepreneurs out in the cold.

In 2016, thanks in part to the market threat presented by the booming fintech industry, traditional banks will ease back into lower-dollar lending and will explore alternative funding options. Karen Mills, former SBA chief, expects banks to move towards greater online automation themselves, and perhaps even partner with online lenders.

Since the SBA only guarantees loans through traditional banks, anything those banks do to open up to smaller businesses is good news for everyone.

3. The SBA has plenty of money to fund your business in 2016, but watch those rates.

SBA approved $23.6 billion in business funding in 2015, and the 7(a) funding cap for fiscal year 2016 is currently set at $26.5 billion. SBA loans are still the resource of choice for many entrepreneurs (my company, Guidant Financial. saw a 200 percent increase in SBA lending services last year). SBA is out in front of most traditional banks with its online application process and continues to streamline their processes.

But do your math, and keep a close eye on the Fed. SBA loans are variable and reset quarterly: with a volatile worldwide stock market and potentially rising interest rates in 2016, these loans will become more expensive than in the past 5 7 years.

4. Boomer entrepreneurs usage of 401(k) business financing will continue to climb.

Baby boomers continue to surge as a percentage of entrepreneurs. The 2015 Kaufmann Index found that people age 55-64 make up a quarter of all new entrepreneurs .

These owners are often in the enviable position of having ample retirement savings that they can use to fund a new business without tax penalties. The Rollover as Business Startup (ROBS) strategy can fully fund their business, or work as an equity injection in conjunction with a traditional SBA loan. This strategy has been in use for over a decade and has become increasingly popular since 2008. With rising interest rates, this popularity will only increase as ROBS does not have traditional loan fees associated with it, nor is it affected by the stock market.

The advantages of ROBS? Avoiding the higher costs of alternative lending or traditional loans, and providing the equity reassurance to loan underwriters, even in the absence of a two-year track record of business. But as with any investment, ROBS can be a risk. Canny entrepreneurs will make sure their business plans are rock-solid, and then put their retirement funds back to work.

5. Get ready for business to hit the brakes in August through early November.

It s common for presidential elections to derail the momentum of the economy as candidates make undeliverable promises or dire threats, and Congress freezes like a deer in headlights. Already, small business owners confidence is wobbling and may result in self-imposed delays in startups or acquisitions.

We ll know more about the potential benefits or challenges for small business when clear candidates emerge and take specific positions on issues like tax changes, industry regulation and health care.

There s a lot to keep your eye on in 2016. But for entrepreneurs who build and execute solid financial and operational plans, and keep a clear eye on their funding options, 2016 can be a banner year. Remember that opportunity always feels like a rollercoaster. Buckle up and enjoy the ride!


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2016 Best Small Business Technology Trends #business #startup #loan


#business technology

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2016 Best Small Business Technology Trends

If you are a small business owner in the year of 2015, you have probably figured out by now that it is not enough to have an idea (or a pool of ideas, for that matter) just to stay on the market.

Once they create new business, many small business owners think that some invisible force will help them to keep the motors going and make bigger profit. Well, they are delusional. There are a few options which are slowly taking over other trends, with the tendency to dominate the market.

In 2015, a small business owner has to find alternative ways of going bigger. So, if you want to stay ahead of the curve, and ahead of your competition, here are some of technology trends you should start thinking about this year.

New methods of payment

As a small business owner, you need to keep up with modern technologies and take what they are offering you. The biggest development in the sphere of payment is definitely mobile payment system .

Plastic cards were a revolution, but are passé now because everybody wants to replace their wallets with smart phones – simply because it is easier.

For example, Apple Pay is becoming ever more popular due to the popularity of the smart phone, so if you want to count on Apple users, bring your business closer to them and sew the seeds of good business.

Even though it has not yet established itself as a ‘norm’, it does show a tendency towards it, so take this word of advice seriously: invest into mobile payment system for your company, because it is going to pay off very soon.

3D printing is here to stay!

You have probably heard of this new way of manufacturing, which almost evolved from sci-fi to useful technology. And its price is no longer astronomous!

What is best about 3D printing is that it is very useful for small businesses – 3D quality and lower costs are the main reasons why you should use this technology in your advantage.

The development of cloud computing

If you worry too much about your data (of course you are, those are classified data!), fear not, because cloud-based computing is there to help you.

With cloud computing system, you no longer need to have a local server – that is a computer that is keeping your data in one place and is susceptible to defects.

And you will no longer require an IT technician – since cloud based technology is affordable and easy to maintain.

Find alternative funding options

In the fast-changing and growing world of today, you have to think about alternative ways of funding. This means not to stick to one product or area of expertise, but to evolve and make way for new things.

For example, if your business does not give you the chance to broaden your business, you can look for other funding options, such as crowdfunding, public offerings or take direct loans.

So, if you are the owner of a small signage business. you can make way for new things with the help of crowdfunding. Let not money be the obstacle – make it an advantage!

And finally, the best advice for small business owners for this year is that if you see a chance – take it! Do not wait for someone else to make that risk, so if you have an idea, and you think it is good, why not try it? If you do not do it, the odds are that someone else can beat you to it while you are waiting. Do not wait!

Related Posts


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Trends in Small Business Loans – Biz Loans – Small Biz Loans #business #advertising


#biz loans

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Trends in Small Business Loans

Small business lending is evolving and the future of getting a small business loan will never be the same. Since 2011 the 2008 economic crisis lending has hit somewhat of a standstill, both commercially and personally; and now with the rise in alternative lenders and lenders like Kabbage, creating partnerships with banks to give customers better and longer terms and more flexible products, small business loans are trending up. This means that now is the time to find the right financing option for your small business.

Small business lending has turned a corner. Traditional lenders have realized how important small businesses are to the nation’s economy and are committing to lend more and more to these types of companies. In fact, one of the biggest lenders in the nation, Wells Fargo, has promised that by the end of 2018, they will have lent out $100 billion to small businesses alone. Small businesses have more options than they ever did before when it comes to seeking loans and working capital. Small business lending approval rates rose from 18.8 percent in March to 19.4 percent in May. which is a record high since the economic downturn.

Recently a few new market trends have emerged when it comes to small business loans. These trends are initially positive for small business owners, albeit competitive. So here are six lending trends to look out for in 2014.

#1 Easier toGet an SBA Loan
Thanks to the Small Business Administration, it is now easier than ever before to get a small business loan. Don’t get confused and think that the SBA itself is lending out money or saying yes to anyone who applies. Rather, the SBA is guaranteeing a portion of small business loans, making it easier for financial institutions to lend to them. There are still a variety of qualifications you will need to pass in order to be eligible for a small business loan (size requirement, finance qualifications, and lender qualifications). There are a variety of programs backed by the SBA like the 7(a) Guaranty Loan Program, SBA Express Program, and the Micro Loan Program.

#2 Non-Bank Alternative Lenders

The biggest trend is the increase in alternative lenders in the small business loan marketplace. Traditional lenders like banks and credit unions have made it difficult in the past for small business owners to get a loan. With all the hoops they expect you to jump through plus the amount of time it takes to get your application approved, it is no wonder that alternative lenders like Kabbage have become so popular. The current trend is shifting toward more and more small businesses seeking alternative solutions to traditional lenders. This is most likely due to the current low interest rates.

Last month Wells Fargo, one of the largest traditional small business lenders, committed to lend $100 billion to small business in the United States by 2018. This is sure to be picked up my more large traditional lenders as they come to realize what a large part small businesses play in our local economies. From 2008 to 2012, access to capital from traditional lenders for small businesses came to screeching halt. In fact, traditional bank lenders like Celtic Bank have turned to alternative lenders like Kabbage to help finance more small businesses!

#4 Increase in Middle-Market SBA Loans (up to $5 Million)

Back in 2010, the SBA increased its loan size to $5 million for the 7(a) loan program, which made it even easier for medium sized businesses, which often needed larger loans, to get funding to help their business grow and thrive. Before 2010, SBA loans were more popular and more targeted at new businesses and smaller “mom and pop” businesses. Due to the increase in SBA loans, however, there has been a trend in more experienced traditional lenders who frequently give out SBA and commercial loans lending to middle market businesses, which didn’t previously benefit from any loan program on the market.
#5 Lending on the Go

Another trend in small business lending that has taken off recently is mobile lending. Because it has become so easy to access working capital, alternative lenders have taken it one step further by providing working capital on the go. Many alternative lenders offer apps for your smartphone that allow you to manage your accounts remotely. Kabbage’s mobile app was the first of its kind to actually allow you access to working capital on the go while also allowing you to qualify from your phone and receive cash in as little as seven minutes! Technology is making it easier than ever to connect with your financial institution quicker and with less hassle.

#6 Cash flow is King
This last trend has been around since the advent of small business lending. Your cash flow says a lot about your business overall. and it is one of your most valuable assets. When lenders look at your business, they will always take your FICO score and cash flow into account. If you have a good average cash flow, getting a small business loan can be a cinch. If not, you can be seriously derailed. In fact, banks are looking at their clients cash flow cycles all the time to assess their financing options. Many larger banks are looking into their middle market accounts to see where they can lend even more money than before. Having a positive cash flow will help you tremendously when it comes to financing your business.

As times change, so do market trends, especially in the financial world. This year we are seeing a dramatic boost in how small and medium sized businesses are funded. This boost is great for our local economy and small businesses around the country because it helps keep small businesses flourishing. What trends have you seen recently in the financial arena? Are they affecting the way you find funding for your small business?

Madie Hodges currently works on the Kabbage blog editorial and content management team. She has worked in content marketing and finance since graduating from the University of California, Santa Barbara in 2013. She enjoys offering small business owners tips on marketing, finance and staying connected with your customers.

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  • 2016 Best Small Business Technology Trends #china #business


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    2016 Best Small Business Technology Trends

    If you are a small business owner in the year of 2015, you have probably figured out by now that it is not enough to have an idea (or a pool of ideas, for that matter) just to stay on the market.

    Once they create new business, many small business owners think that some invisible force will help them to keep the motors going and make bigger profit. Well, they are delusional. There are a few options which are slowly taking over other trends, with the tendency to dominate the market.

    In 2015, a small business owner has to find alternative ways of going bigger. So, if you want to stay ahead of the curve, and ahead of your competition, here are some of technology trends you should start thinking about this year.

    New methods of payment

    As a small business owner, you need to keep up with modern technologies and take what they are offering you. The biggest development in the sphere of payment is definitely mobile payment system .

    Plastic cards were a revolution, but are passé now because everybody wants to replace their wallets with smart phones – simply because it is easier.

    For example, Apple Pay is becoming ever more popular due to the popularity of the smart phone, so if you want to count on Apple users, bring your business closer to them and sew the seeds of good business.

    Even though it has not yet established itself as a ‘norm’, it does show a tendency towards it, so take this word of advice seriously: invest into mobile payment system for your company, because it is going to pay off very soon.

    3D printing is here to stay!

    You have probably heard of this new way of manufacturing, which almost evolved from sci-fi to useful technology. And its price is no longer astronomous!

    What is best about 3D printing is that it is very useful for small businesses – 3D quality and lower costs are the main reasons why you should use this technology in your advantage.

    The development of cloud computing

    If you worry too much about your data (of course you are, those are classified data!), fear not, because cloud-based computing is there to help you.

    With cloud computing system, you no longer need to have a local server – that is a computer that is keeping your data in one place and is susceptible to defects.

    And you will no longer require an IT technician – since cloud based technology is affordable and easy to maintain.

    Find alternative funding options

    In the fast-changing and growing world of today, you have to think about alternative ways of funding. This means not to stick to one product or area of expertise, but to evolve and make way for new things.

    For example, if your business does not give you the chance to broaden your business, you can look for other funding options, such as crowdfunding, public offerings or take direct loans.

    So, if you are the owner of a small signage business. you can make way for new things with the help of crowdfunding. Let not money be the obstacle – make it an advantage!

    And finally, the best advice for small business owners for this year is that if you see a chance – take it! Do not wait for someone else to make that risk, so if you have an idea, and you think it is good, why not try it? If you do not do it, the odds are that someone else can beat you to it while you are waiting. Do not wait!

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