Lots of businesses fail after operating for only a few years. The last thing that you want to do is to follow in their footsteps and close your doors for good.
Unsecured financing – your ultimate choice An unsecured loan is basically, where there is a promissory note. It is also referred as a signature loan, where you just sign a contract which says that you will pay back the money, but the lender has no collateral. So, it is essential to know aspects associated with… View Article
Financing can be difficult in any economic climate, whether you are looking for start-up resources, growing assets, or hanging on cash at the time of crisis. Therefore, as an entrepreneur, you always look for the best financial solutions that fit your inborn businesses. Seeking loans from big banks comes up with two major issues: first… View Article
The advertising business has dramatically changed with brands willing to allocate more and more marketing dollars to social media than ever before. Data shows that businesses can experience an almost immediate increase of sales through one social media sponsored blog or Instagram photo, rather than a traditional ad campaign that can take months to develop, launch… View Article
Many people dream of starting their own bed and breakfast. Just imagine owning a beautiful cottage in Muskoka in the snowy winter, and creating an idyllic destination for visitors.
Want to get into the toy business? Let’s start with some important facts: U.S. market size for the total toy industry is approximately $28 billion. Lego is world’s largest toy manufacturer for the first time. In this past year, Danish Lego Group achieved growth once more and has now, for the first time ever, become the world’s largest toy manufacturer,… View Article
Having bad credit or poor credit history is not an issue as it enables and encourages local businesses to stay in the market. However, seeking the right financing option at the time of the financial crisis is severe. In this regard, there are many types of loans, such as bridging loans, asset-based funding and short… View Article
Running start-up smoothly without having credit either good or bad is a myth. As it is near to impossible even for mega projects to not have a financial crisis at the early stages of the business. Meeting all the basic requirements of your business operations by earning revenues is a time taken process and this… View Article
Securing finance for the growth and development of local businesses is exceptionally tricky and annoying. Besides, without applying for financial support from funding organizations, you cannot run your business operations smoothly. There is a variety of loans to choose from, but it is hard to figure out which one fits the need of your business…. View Article
Elon Musk, Tesla’s CEO has announced that the company has chosen Berlin to build its first European giga factory. This follows the company’s large investment in China to build electric cars and lithium-ion batteries in Asia. As the demand in Europe and Asia increases for electric cars, Mr. Musk’s new announcement not only is a… View Article
There are only two types of credit out there, one is good credit, and another is bad credit. Good credit is anything you buy that increases in value, a house is a good investment using credit because it is a substantial investment you don’t want to tie up that much capital. You borrow the money… View Article
Whether SME or MNC, both have aim to grow their businesses. However, access to financing is an essential requirement for enterprises seeking new markets and expansion plans. This funding increases not only the development of the company’s volume but intensifies productivity rate as well. In this regard, the First Down Funding provides business expansion loans… View Article
Start-up demands finance for investing in real state, purchase of working capital and machines, hiring new staff and eventually the marketing of your product. However, finding an authentic financing lender for your newly born business is crucial. This financial support comes up with complicated documentation and rigid repayment terms and policies. Therefore, the First down… View Article
If you are not sure whether to take a business loan, asking for advice can be met with a variety of opinions. Conservative business owners may say that a slow growth strategy can be the best option to avoid risk, while aggressive entrepreneurs will rush to seize opportunities and have the funds to grow quickly…. View Article
Knowing your customer age group and shopping habits is key in determining your advertising strategy this holiday season. Before you set up your advertising budget for your business, its important to know your potential clients before allocating marketing funds. Generation Z Generation Z shoppers, aged 22 or younger, are less likely to shop online. These… View Article
Today’s business environment is more challenging than ever before. Technology has made a lot of resources and marketing channels readily available and in return new products, ideas and strategies can be easily implemented. There is no doubt that entrepreneurs face constant pressure to pay attention to competition, daily sales volume, data analysis, and innovation. Thus,… View Article
Canadian Lenders Association (CLA), the voice of the innovative business and consumer lending industry, announces the Top 25 Lenders of 2019. “In partnership with BMO, we are excited to continue to celebrate innovation and leadership in Canada’s lending sector,” says Gary Schwartz, President of the CLA. “Today we announce the 25 individuals and 25 companies… View Article
The growth and development of local businesses need investment. Therefore, small business owners spend much time to get authentic financing support with feasible short-term payments. In this regard, First Down Funding is providing a channel for achieving financial support that fits your business needs. It offers attractive business loans with other financing options all across… View Article
If all small business owners can gather together to highlight the one thing that they despise doing, we would get a lot of votes in favor of managing business finance. In fact, there has been research conducted in this regard and small business owners have blatantly agreed that managing business finance is the one thing that they despise doing. While managing finance is despised by small owners, it is also one of the most significant reasons leading to the failure of a given business. It is when the founding members are unable to manage finance that the business fails to move on and is stranded towards failure. Hence, if you want your business to succeed, it is necessary that you manage your small business finance in the best manner possible, without any flaws whatsoever.
If you’re starting a small business, there is no doubt that you are going to need extra money at the beginning of your operation.
We’re only a few weeks away from Thanksgiving and over a month away from Christmas. This exciting, yet hectic, time of the year offers many challenges and opportunities for businesses. Have you factored them in to your business’ budget? First Down Funding recommends you to start by setting goals. How much volume of business are… View Article
The progressive and consistent growth of your business depends on many operations. However, the most crucial factor in the development of your business is working capital. Small or medium-sized enterprises always need finances to invest in their working capital. Therefore, First Down Funding provides a working capital loan that is super-easy to return as it… View Article
A poor credit rating can be a big hurdle to jump over, especially when you’re a small business owner. It can raise interest rates, impose restrictions and flat-out take financial opportunities away from you.
A rainy-day fund is a financial safety net that any business owner will be thankful to fall back on. If you don’t have a rainy-day fund set aside for your business, read ahead to find out how to build your own and how to access funding when your safety net isn’t ready.
If you are a small business owner, you probably understand how important having stable access to funding is.
From prepping costumes and running around in them for trick or treats, to attending a holiday bash at your favorite restaurant, Halloween offers a lot of fun for literally everyone. While there is a lot to enjoy from Halloween for the common individual, we think that businesses can leverage this opportunity to make gains as well. Restaurants stand a good chance here to make Halloween all about festivities and deals by having the right details implemented within their outlets.
The spookiest time of the year is just around the corner and customers will soon be thronging stores and other outlets looking to buy related items. Halloween is the time of the year that customers around the world look for spooky items to buy. This is the time of the year when the air is rich with scary vibes, and everyone is looking to scare each other away.
Being a small business owner or starting your own business can be quite an exhilarating experience. You have to take many things into consideration, and there is limited room for you to make any errors. Any errors that you make as part of this process would come bite you in the long run and would leave your business short of the aims that you have in mind.
Your Maryland business is going well. The customers are lining out the door. They’re posting reviews that are positive and recommending your venture to all of their close friends and family members. If anything, it seems like the demand is too much for a single business to handle.
Toronto has long been a good place to do business, but in the past few years it has exploded onto the international stage, becoming one of the most diverse, dynamic and exciting places to start a company in the world.
First Down Funding provides funding support every day to Small Business Owners in all 50 States throughout the United States. Everyone eats is the First Down Funding motto. Monday November 18th, 2019, First Down Funding will continue to help and support within the 53 Families Foundation Annual Thanksgiving Food Drive. Founded by Baltimore Ravens Super… View Article
First Down Funding jumps on board to become the 10th Official Sponsor for the Inaugural “Funders Forum”. A 2-day event in Washington DC, set for Tuesday November 12th and Wednesday November 13th, 2019 downtown Washington DC. The Funders Forum will consist of a two-day event, held within The Willard Intercontinental, Washington D.C. located at 1401… View Article
Baltimore, Maryland, is an expensive place to run a business. Any owners that are struggling to keep their doors open with profits alone will appreciate the opportunity to apply for commercial funding. Find out what the funding option can do for your business and how you can get it. Business in Baltimore Can Be a… View Article
Things are looking up for Canadian businesses. Though it has a population of only 37 million people, Canada boasts one of the most exciting and dynamic economies in the G7, and with a strong healthcare system, a wealth of natural resources, a key geopolitical position, and one of the highest standards of living in the world, it is one of the best places for young entrepreneurs to start new businesses.
The cash you have in your business plays an important role in defining the success you experience as a brand. If you truly want to be successful in running your business, then you should make sure that you manage cash in the best manner possible.
The first thing small business owners think about when deciding to take on funding to grow their business is the ten-year, 3% bank loan that was the standard ten to twenty years ago. The application and approval process was much slower, and if a borrower didn’t fit the mold that mainstream lenders were looking for,… View Article
The first thing small business owners think about when deciding to take on funding to grow their business is the ten-year, 3% bank loan that was the standard ten to twenty years ago.
Planning to become an entrepreneur? Well, you’re a wantrepreneur already. If you want to start your very own business, then you’re one of the many wantrepreneurs that we see around us. But, to transition from wanting to be an entrepreneur to actually becoming a successful one, you need to take all the right steps.
The grind of a 9 to 5 routine isn’t meant for everyone. When you start working a day job, you soon realize that it’s better to be your own boss, and this lifestyle isn’t meant for you. Once you realize this, there is nothing that will make a day job attractive to you.
As a business owner, you want to know exactly what First Down Funding can offer you. Read this to get a quick rundown of the funding options that we have available for you: short term funding, long term funding and alternative funding.
As everyone who has ever tried it knows, starting a business is a lot of work. But the payoff of all the labour is a thriving company that posts steady growth numbers year in and year out by meeting a concrete need in today’s economy.
If you’re running a small business of your own, we hope that you know one thing for sure by now; there is no way around understanding financial statements. If you want your business to succeed, you should make sure that you maintain a stringent check on your financial statements and the information within it. Keeping an eye on your financial affairs can save you a lot, while also allowing you to be proactive in dealing with any upcoming problems.
The American Dream has changed drastically over the past few years. Gone are the days when people would want to get a home, a car in the garage, and a chicken dinner by working 9 to 5. People now realize that there are more gains on offer by running a business, so they are up for having a fair crack at that opportunity.
Welcome to the world of business startups. Being a small business owner or an entrepreneur as they call it has many roles and responsibilities associated with it. You have to make sure that you live true to all of the responsibilities so that you are able to achieve the end goal that you have in mind. Once you start your own business you have to take the role of the finance, marketing, operations and HR manager. Not only are you expected to make sure that the business rolls out in a manner that you expected, but you have to keep an eye on all of the employees working for you.
There are various stages in a business’s lifecycle when the owner has to apply for a loan, either for a specific capital project or to pay off existing debts. Whether you need to acquire new assets or undertake a new project, you may need to apply for a loan.
The food industry is one of the most benevolent options for entrepreneurs to jump into. While the industry is inundated with multiple options, you can easily jump in and take away the audience if you have something unique to offer. People are quite generous when it comes to spending on the food they eat, which is why you have the opportunity to be part of a massive industry.
Funding day-to-day operations is always a challenge for startups. The lack of funding options is one of the main reasons business owners end up filing for bankruptcy and liquidating their setup.
The world of small business finance has grown manifolds over the previous century. Gone are the days where banks would act as the only reliable source of finance. We now have multiple private lenders making finance easier for everyone involved. These lenders help you get your hands on the finance you need to succeed in your business.
As a small business owner, you need to keep an eye on all facets of the business to ensure its survival and growth. You cannot slack on any aspect of running a business as it will eventually come and haunt you in the long run.
A lot has been said and spoken about marketing to different generations. Marketers of today realize that they cannot mass-market their product in the same manner for all people and should realize the demographics at play, before spreading forward their message. To make sure that all markets are being captured, marketers have come up with techniques to market their products for different generations.
Many small business owners start their organizations with numerous aims and objectives in mind. Not only do they want to help their startup idea towards growth, but they also try their best towards ensuring that the business is kept financial stable. Financial stability is one of the most underrated concepts of running a business. We talk a lot about operational efficiency and other metrics of running a business, but we fail to pinpoint financial stability as one of the major reasons that should be kept into perspective.
When it comes to running a small business of your own, there are numerous things that you can find exciting. Entrepreneurs get to experience a lot of exciting roles such as handling marketing, recruiting staff, and working towards the implementation of your brainchild. While all of these roles have their charm, most entrepreneurs forget the importance of financial ratios and checking on the financial health of their business.
Financial statements have long been an important part of business management. Businesses like maintaining financial statements because they do not only sum up the hard work that is put into the business but also help the organization grow into success. If you want to maintain your financial statements you ought to learn from the lessons that we mention as part of this article.
Once you initiate your dream of a startup, you will realize that there are numerous concepts that you had no prior idea of. All of these concepts dictate the way business is run and ensure your success as a new small business. While all other concepts have their importance as well, the financial concepts required for running a business are important for your success. We realize how a poor grasp on financial concepts governing business can impact your profitability and growth. Within financial concepts as well, some are extremely important while others that don’t hold much value. One such concept that is extremely important to the success of your business is liquidity, and here we will be discussing everything you need to know about liquidity inside your business.
So far, 2019 has been a fantastic year for Toronto. Not only did the Toronto Raptors make history by winning their very first NBA Championship this summer, but the city also recently made headlines for becoming the fastest growing city in North America.
If you have any experience with the world of business financing in Canada, you know that access to funding is one of the biggest problems entrepreneurs and small businesses face.
Change is the only thing constant in this universe. As humans, our ability to change what we do defines us and separates us from going towards failure. The formula to success is different for every change, and what worked for you or your ancestors in the past wouldn’t work for you in the present. Running a business is all about embracing change in its purest form and making sure that you can implement these changes for the cumulative growth of your brand and your business.
You cannot seriously expect your plan to succeed if you aren’t working on the right business model. For your business plan to work, you should make sure that you have everything covered. Now, while covering all other details can be relatively easy, the term ‘marketing plan’ can send shivers down the body of every entrepreneur. A marketing plan isn’t just a roadmap that business follows in the initial days, but it is also something that will define the success of the company in the long run.
If you own a small business, it is highly likely that you are going to need access to some form of short term funding at some point in your career.
Location is important for starting a business — including the city you choose. The top three cities for small businesses right now are Miami, New York and Portland. Find out why they’re the ideal spots for starting an operation and providing economic growth. You can also find out what specific challenges they bring to the… View Article
All entrepreneurs looking to start their own online business would want to start an online store to make progress with the idea they have in their mind. Similarly, small business owners wanting to take their business online would also want to start a similar venture.
A growing business has many needs. You need staff to make sure your operations are running smoothly, customers and clients to maintain a steady income stream and a leadership team who can make plans for the future. But above all, it needs enough capital to make all of this happen.
Regardless of your industry and the scope of your operations, finance is believed to be the backbone of your business. Every business follows a model that is based on marketing and selling products and services. The model does include strategies on managing day-to-day operations, but it might not guide on how to obtain finance.
When your cash reserves are almost nil and you have a ton of expenses to pay, business financing is the only option you can go to for some relief. However, even with the momentary relief, you must not execute the process in the wrong manner and follow all the checks that are required for correct business financing
The retail industry in Canada is booming. Thanks to modern innovations and an influx of skilled workers from different countries, it’s easy to see why the retail sector in Canada is growing at an accelerated pace.
When you’re thinking about opening up a business, location is everything. The wrong street corner could have customers walking by without noticing your storefront. An expensive up-and-coming neighborhood could have you keeping up with sky-high rent. Even the state you’re living in will affect the success of your new business. Maryland is one of the… View Article
Raising capital is perhaps one of the most complex tasks expected from an entrepreneur before they start their business.
Small business owners should always try to maintain a good credit score, irrespective of the circumstances. When you first start your business, you have to be careful about the decisions you make and the strategies you choose. Being irresponsible with your cash reserves and your credit during the initial phase of your business can derail your progress for the time to come.
The province of Ontario in Canada is perhaps the best when it comes to opportunities for entrepreneurs and business owners.
Small business owners rarely let the lack of resources prevent them from generating new business ideas. Newly established companies that went on to become big names only did so due to the ability of their owners to dream big and do big.
Starting a new business on your own can be an exhilarating, yet exciting experience. Not only do you get to turn your vision into a reality, but you also get to be your own boss and make your own rules.
Let’s face it: if you own a small business and you’re trying to scale up to the next level, then trying to figure out how to secure the long term funding you need to grow can seem like an almost insurmountable challenge.
Starting a restaurant of your own is no mean feat. More than half of all the restaurants that are opened by aspiring entrepreneurs happen to go bust within the first two years of service. The restaurant industry is currently saturated with options, and opening a new restaurant of your own requires special attention and care. There is no room for error, which is why you should make sure that you have all facets covered before you move into the restaurant business.
For ambitious Canadian businesspeople, few cities offer the same kinds of opportunities that Toronto does. Not only is Toronto Canada’s largest city, but it is also the country’s capital of finance and the second-largest financial services centre in North America.
If you follow the financial news in Canada, then you’ve probably heard the buzz about one of the most exciting funding opportunities available to small businesses: merchant capital advances.
One of the first questions any entrepreneur needs to ask when they start building their first small business is, “how am I going to get the money I need to become profitable?”
Isn’t it a bit surprising and biased that whenever we discuss hard working and efficient entrepreneurs, we only mention those from multi-million companies and who were able to take their organization towards growth. While experiencing growth and expanding your business is one achievement, managing all the affairs of your small business and keeping it running despite the competition is another.
If you are trying to grow a business, you are going to need capital
If you are a small business just starting to get off the ground, then you’re probably come across the vicious Catch-22
You have built a personal credit history over the years. When you apply for a credit report, an agency analyzes your financial decisions and determines your rating. A good credit report score means that you’re a low financial risk. It will make it easier for you to get access to funds for milestones. And a… View Article
It’s every small business owner’s worst nightmare: a weather disaster, client issue, or production error plunges their company
There’s an old saying that if you want to know what someone is like, you just need to look at who their friends are
Running a business of your own is a constant struggle. You can make this struggle easier for yourself and the others involved by treating it as a learning curve. Every struggle and every tight spot you encounter as part of your business journey should be treated as a learning curve you should follow for further glory.
Toronto, ON – July 10, 2019 – SharpShooter Funding and First Down Funding join the Canadian Lenders Association as general members. First Down Funding and SharpShooter, are proud to become a member of the Canadian Lenders Association and looks forward to adhering to the principles for which they stand. “Membership of the CLA establishes First… View Article
The American Dream isn’t as lucrative as it was made to be. Behind the smiling faces, the mortgaged home, the chicken in the pot and the car in the garage, we have tons of credit and debt. You might already know this, but the American financial infrastructure is heavily dependent on credit and debt.
Some business concepts work for a single season. Ice cream parlors will thrive in the summer-time when the days are sweltering and people are looking to cool down with delicious sundaes. During the fall, pumpkin patches are brimming with customers who want to put plenty of jack-o-lanterns on their front porches and bake pumpkin pies… View Article
If you’ve been operating in a business for some time, we expect you to realize by now just how important cash flow can be for your business. If you want to see your business improve it is necessary that you invest in cash flow and take it forward from there.
Building a company is truly one of the hardest jobs that someone can do. You might be passionate about the whole experience, but let us tell you just how important it is to be rational, and treat the needs of your organization as it grows.
The cash in your business is perhaps one of the most important factors defining your success. Small and big businesses alike need cash for optimizing their resources and for ensuring that they are well equipped to handle all responsibilities that arise during the day to day operations of their business.
Knowing that you are here because you either want to start your business or have already started it, we congratulate you on the efforts as of yet. Starting your own business or actualizing your dream is an immense effort and you need to be commended for it. However, this is just the start of the journey. There are countless complications and other obstacles you will have to overcome for success as an entrepreneur.
Running a business on your own requires you to be self-reliant, focused, and flexible in the long run. You should prepare budgets and manage your resources in the best manner possible. However, regardless of how goal-oriented you think you are and how many budgets you have prepared for yourself, there might come a time when you’ll need some quick cash as fast as possible.
Running a startup or a small business is not an easy job to do- given the fact that you always have to put your customers first. Customer is king and will forever remain so, but there is a whole world of business affairs that lies beyond customer satisfaction. To achieve customer satisfaction, you need to… View Article
You’ve started your new business and everything is going smoothly. The business is growing at an accelerated pace and you cannot be more excited for what is in store for you. However, you should know how to contain your excitement at this moment because you can easily get carried away and lose focus on your… View Article
Regardless of how good you are at managing your small business, there will come a time when you might need a small business loan for your organization. A small business loan isn’t just meant to help you out of a cash crunch, but it can also be your messiah when you are facing tough times as a brand. The hassle of a cash crunch is a bit too much to manage for most small businesses, which is why they are left with no other option but to get a small business loan.
Businesses need cash to manage several day-to-day expenses. As a business owner, you cannot watch your small business grow if you don’t have adequate cash reserves at your disposal. While cash is extremely important for success early on, it is also really hard to accumulate funds when you start a business. Most customers rely on… View Article
Cash flow is undoubtedly the one thing that can help a small business make sure that they grow progressively over time. A business that has plans to grow in the nearby future should keep a stringent check on their cash flow, so that they experience whatever growth they have in mind.
A poor credit score can be a hassle for literally every business. Not only does the credit score happen to put your business and your processes at risk, but it can also lead you into complete disarray. If you have a poor credit score, you wouldn’t be able to qualify for most business lending opportunities and wouldn’t be able to build a positive credit profile for yourself.
Small businesses often start with a lot of hope, but at some point, they feel the need to raise more funds. Regardless of the amount of time you have spend budgeting for your business, there are going to be times when you’ll face a liquidity crunch. Since cash is necessary for running your business, a… View Article
Getting a business off of the ground requires a lot of funding. You will need money to pay for location, equipment, materials and staff members. If you don’t have enough money stashed away in a savings account, you’re going to have to find a reliable resource to help you acquire all of your business essentials…. View Article
Holding inventory for a certain period of time has many costs associated with it, which can make any business go bust. As a business owner you need to realize the cost of holding on to inventory and should make sure that you try your best to limit it.
You may have enough savings to open up a small business, but do you have enough to keep it afloat? The first year can be tricky, and savings can disappear all-too-quickly on everyday essentials. The best thing to do is access commercial funding to cover daily operational costs and major capital expenditures. That way, you… View Article
A small business runs on the finance that you pour in it. No small business would be able to perform well without the right finances being poured in it. For a small business to be successful, it is necessary that there be frequent growth and progression. Now, if you want growth you need external funding from parties that are willing to invest with you.
Everything can be running smoothly when all of a sudden, an important piece of equipment breaks down or the cash flow turns from a steady stream into a trickle. Your business has hit a bump in the road, and you need to find a way to get through this difficult time before it takes a… View Article
Financial mistakes that you’ve made in the past can haunt you. You could be responsible and reliable with your payments now, but your previous actions will label you as a high-risk customer and an unwise investment. This is what happens when you are saddled with a bad credit score. Find out how bad credit can… View Article
Your business credit report is an indication of your business and how you are performing as an organization. Any errors in the credit report can significantly haunt you in the long run, as you look to think of ways to get a small business loan.
Marketing plays an important role in the promotion of small businesses. When you first launch your brand, you have to make sure that you explain what you’re doing to everyone and make people aware of your processes and your details. People should know the details regarding what you do and should trust you with purchases.
Your business credit score shows how responsible you are financially. There are quite a few reasons why you need to build your credit score. 70% of the businesses need capital to grow, but you need to plan for it. Having a good business credit profile can enable business owners to acquire funding, which also tends… View Article
Before you go on to invest in any business, you have to take out some time and make sure that you have your homework done as far as the future of the business is concerned. As an investor, we and many other agencies are very careful before we invest in any business.
In this world of credit, your ability to get some credit as a business is heavily dependent on the kind of credit report you have. You seriously cannot build and maintain a quality credit report, without knowing the metrics that go into identifying the credit standing you have.
Getting the right funding for your business can be quite a hassle. Most people have shortlisted banks as the best possible option for them when they are looking for funding, but the bank isn’t always the best way to go forward. When you look for funding you should make sure that you go for the option that is best for you. Going for an option that isn’t suited to your needs can cost you quite a lot.
Acquiring a business loan of your choice can be quite a struggle for many businesses. Businesses need to realize that small business loans do not come easy and they should acquire them with the seriousness that is required of them.
No small business loan can operate it without external funding for a long period of time. There has to come a time in the life of a small business, when they require external funding for the success of their business. If you have a small business of your own, and require external funding to make sure that your profits remain constant, then you would know all about this.
Cash is an important ingredient in the success of your business, and it is necessary that you manage it with all the care that is expected out of you. You cannot seriously let your cash slip out of your hands, as your business is left in a liquidity crunch of sorts just when it is showing signs of growth.
Starting a business of your own is quite an enthralling experience to say the least. If you’re jumping into the world of entrepreneurship without any experience from the past, you wouldn’t have the experience of what it takes to succeed here. Most businesses that have come into operation recently have entrepreneurs leading them that have taken the helm for the first time.
You have just started your own small business and are excited about the prospects that you have in mind. However, your accountant has been pestering you with suggestions ever since you started the business and is telling you to maintain a thorough check on accounts so that the financial statements are a true reflection of the business you are running.
For innumerable reasons, you should avoid mixing your business credit with your personal credit. There is a reason why you have the option to keep your business credit profile separate from the personal credit profile. Mixing the two wouldn’t just make it hard for you to report the progress you’re making as a business but would also stop you from doing functions that are generally expected out of all businesses.
Expansion and growth is something that every business plans to achieve during some time in the future. Every business has certain goals and objectives that they would want to meet through their expansion plans. No business has time to waste here, which is why we have mentioned the different types of funding options you have when it comes to an expansion plan.
The National Day in any country is a great moment for people across the nation to rejoice. Some celebrate it on the day they gained independence, while others have any other unique celebration, but there is almost always a national day that is celebrated across that nation.
Regardless of how effective you are with managing your startup, there will come a time when your cash reserves will almost be nil and you will have a ton of expenses to pay. Handling your business during such a time can be quite a trouble, as you try to locate your path in unchartered territory. We call this unchartered territory, because not many business owners are prepared to handle a cash crunch. Their inability to manage such a situation is what leads them into making silly mistakes.
Your new business is doing just about fine. You have gone through the early period of uncertainty and are about to head towards a new period of smooth sailing. You cannot wait but enter the ship that sails towards business growth. But, you don’t seem to have the right cash reserves and an approaching cash crunch seems to be scaring you. Such a situation can be quite heartbreaking for many small business owners, as they aren’t able to safeguard their business and are left with no other option other than falling in the trap of cash congestion.
The date was January 12, 2013. The location was Sports Authority Field at Mile High in Denver, Colo. It’s known as the “Mile High Miracle.” Five years ago, quarterback Joe Flacco heaved the ball downfield in the final moments of the fourth quarter and receiver Jacoby Jones took it the rest of the way for… View Article
Opening a restaurant of your own is not an easy thing to manage. You have to take numerous things into consideration and should also make sure that the end choice you select is in your best interest. Even the slightest lack of judgment can stop your progress and can cost you a lot in the long run. If you’re serious about running your restaurant then you should take these things into consideration before you take any step forward:
In the eyes of all private lenders and banks, your credit profile is the single most important thing about your business. Lending agencies, including traditional banks, judge your business on the basis of the kind of credit profile you have maintained. If your credit profile doesn’t show a promising sign of your business, no lender would want to be associated with you.
The holiday season is by far the busiest time of the year for any restaurant small business owner. This is the time when families are at home, and the only thing they want to do is go out and eat. If you’re a small restaurant owner during this time of the year, you have plenty of profits to gain and money to make.
Cash flow problems are becoming a big menace for businesses across the globe. We have numerous times highlighted in our blogs just how important it is for you to keep a stringent check on your cash flow. You should make sure that your cash flow is balanced and that there are no irregularities as such in it.
First Down Funding and SharpShooter Funding were pleased to have made a donation to the Tyanna Foundation.Mr 108 Jacoby Jones was on hand on our behalf to present. To learn more about this great organization, please visit http://tyanna.org
The world of business is progressing by leaps and bounds, and we have entered an era where businesses across different industries are competing against each other to become stable and more organized.
Marketing plays an extremely important role in determining the success of every business. You cannot truly succeed as a business without realizing just how important a role marketing plays for you. To succeed and grow as a business you should make sure that you are marketing your brand in the best manner possible and have left no stone unturned.
As a small business owner there will come a time when you will have to head towards a bank or any other financial institute for assistance related to funding. You should make sure that you have all of the desired documents covered when you apply for the loan, so that no stone is left unturned.
Your success as a small business is heavily dependent on the kind of profits that you make. You cannot think of succeeding as a business if the profits that you make aren’t in line with the goals that you have in mind. Any business that wants to succeed in this day and age should make sure that their expenses are overseen at all times, and they are limited to an extent where they do not create any more issues.
Bank loans have long been the only funding option available to the masses. Fair enough, we had individual lenders available back in the day, but banks have for a good part of the last century been the go to spot for businesses to meet their cash flow needs.
Cash flow problems are commonly faced by a lot of small business owners. There is a lot of truth to the fact that if you are planning to start your own business, you need to know everything related to cash flow. You can only succeed in managing your business if you have everything related to cash flow in control and don’t have to worry about anything in particular.
When you first start of a small business of your own, you need to realize that every dollar you make counts. You should be looking to be as frugal as you possibly can to make sure that you’re saving dollars and are helping your business grow rather than killing it with expenses.
A small business loan is by far one of the best methods of acquiring the funds that you are looking for. If you want your business to grow you should make sure that you have the right funds available at all times. There comes a part during the lifetime of every small restaurant that their resources run scarce, the restaurant is looking to eye growth, but because they aren’t prepared for what is to come they aren’t able to achieve growth in the manner they want.
Many people working in 9 to 5 positions currently feel the brunt of their daily routines. These employees realize that there is not much ground to cover being an employee, and there will come a time when they will have to take the eventual step towards financial independence. This step usually comes when you start your own business and strive towards making it more successful over time.
Short term business loans are currently the rage within people and everyone wants to get their hands on them. Business owners have realized the benefits hosted within short term loans around them and are seriously thinking of them as possible options for correcting the issues in their cash flow and financial statements.
4th of July is one of the most important days in the history of the United States. 4th of July is a national holiday that comes with lots of festivities, and is celebrated as Independence Day across the nation. The entire United States takes to the street to enjoy the festivities and make a ball out of it. While the festivities are ripe in residents, retail owners recognize the prospects here and try to spice the look of their retail outlet to attract visitors.
The holiday season is host to a lot of festivities as people get out and shop and enjoy their time at restaurants. Not only are markets crowded to the core, but all of these people shopping for goods, eventually make their way to good restaurants for good food. If you are a small business owner serving your customers in this holiday season, then you need to make sure that you follow all tips to make your business stand out of the lot.
Small business owners can really be tempted with the thought of having some excess cash on their hands when it comes to their business needs. All small business owners have a limited initial invested amount to play with, which is why it is necessary that they make the best out of that amount and also look for alternative sources of financing for getting the best results possible from the process.
Taken from Forbes.com. Full article can be found here: https://www.forbes.com/sites/housemoneystudios/2017/02/25/bret-hart-recalls-meeting-donald-trump-weighs-in-on-linda-mcmahon-and-sharpshooter-funding/#59141c4a6e3c Bret Hart has a lot in common with President Donald Trump’s current administration. Not only is Hart a fellow WWE Hall of Famer, similar to President Trump, but Hart’s former boss Linda McMahon was recently confirmed as head of the Small Business Administration. Hart is… View Article
Jacoby Jones is forever part of NFL history courtesy of two iconic plays during the 2012 NFL season. Jones caught a 70-yard pass from Baltimore Ravens’ quarterback Joe Flacco in the AFC Divisional playoff game between the Ravens and the Denver Broncos—now known as the “Mile High Miracle”—with under a minute to play to send… View Article
If you are a first time entrepreneur looking to open a new restaurant of your own, then you need to do that this isn’t an easy process at all. The process of opening your restaurant is marred with numerous issues, which you will have to overcome before you can expect the results that you want. You need to be at the top of your game at all times, so that the results you get are in line with what you want and expect. If you’re all set for opening your restaurant and don’t want to waste any more time before starting work, then you should follow these tips:
Small business owners face plenty of challenges on a daily basis, but perhaps the biggest of their worries is that to arrange additional capital. Limited funds can push any entrepreneur out of their comfort zone, and that isn’t where small business owners feel relaxed enough to make the best decisions.
Most business owners that have just started recently are often found asking, “What exactly is present on my business credit report?” Call it lack of knowledge, lack of practical business experience or anything else, but this question is asked by quite a few established business owners as well. We all know what a credit report is, we all know the kind of impact that it can have on our business and we also know how important it is to us. But, not many business owners know the important information present on their credit report.
Regardless of how good their food is, restaurant owners get to face competition at all times. It could be competition from that recently opened Thai food joint down the road, or it could be competition coming from any other established vendor, but the competition is there to make you fret and forget what you were out looking for originally.
WASHINGTON, DC–(January 1, 2017) – First Down Funding Managing Partner, Paul Pitcher, has brought NFL Superstar and Super Bowl champion Jacoby Jones on board to encourage business owners across the United States to get “1st Down and Funded.” First Down Funding specializes in structuring and approving cash advances for small to medium-sized businesses. The team of… View Article
Financial statements are an integral part of every business in this day and age. Not only are your financial statements a culmination of all the effort that you have put into making the books and managing the records of your business, but they also come in handy when you are presenting your data in front of a potential customer.
President-Elect Trump’s pick to head the Small Business Administration is Linda McMahon, the former CEO of World Wrestling Entertainment (WWE). The publicly-traded company has produced many household names over the years, from The Undertaker to Bret “The Hitman” Hart to The Rock. In a public announcement, Trump said “Linda has a tremendous background and is… View Article
Getting the best funding option for your small business can be quite a hassle for most small businesses. Not only do you want to ensure that the funding option you go for is perfect for you, but you also want to make sure that you don’t end up going for a deal that is heavy on the pockets. All business owners consider the cost of capital before getting a funding option, which is something necessary for you as well. The cost of capital is what you would actually have to pay for acquiring this specific capital.
Startups have it hard when they look for finance before starting their business. Not only do they have limited track record to prove the efficiency of their business, but they also operate without providing any financial statements because of lack of experience.
Getting your small business loan rejected by a bank can be quite a heart breaking experience for many entrepreneurs. The reason behind this being that you weren’t expecting the rejection to happen, and now have to think of different options to get your hands on the loan that you are looking for.
Both of your business and personal credit score play an important role in deciding your credit path for the future. When you apply for a loan, your credit history is taken into consideration for taking your creditworthiness into perspective. Lenders decide how credit worthy you are and whether they can hand a small business loan to you.
Being a small business owner in this day and age is quite a tasking role. You have to be prepared for a lot of things and should make sure that no hindrance stops you from managing your finances in the best manner possible. Financials are by far the most important part of every business. A business can only succeed when the financials are being managed well, and the business owner has them covered.
Bret Hart has a lot in common with President Donald Trump’s current administration. Not only is Hart a fellow WWE Hall of Famer, similar to President Trump, but Hart’s former boss Linda McMahon was recently confirmed as head of the Small Business Administration. Hart is currently enjoying his role as Commissioner of Sharpshooter Funding, alongside managing partner Paul Pitcher, who also heads… View Article
The unprecedented growth of startups across the economy of the United States has meant that there is a lot of demand for private lender to step up and get it right. Private lenders are required to be at the top of their game at all time, so that they make no error in judgment.
Most small businesses happen to fail during the first 20 months of their existence, because they are not able to battle it out against the competition that is present inside the market. The market outside is really competitive currently, and brands have to make sure that they don’t mess up when it comes to giving… View Article
With the economy changing at the rate of knots, it is necessary for small businesses to be really frugal with their expenditures. Small business owners cannot take one wrong step with their expenses, as a single wrong step can lead them into different troubles. Knowing just how hard it is for small business owners out there, you need to take all the right steps and should make sure that nothing is stopping you from achieving the results that you have in mind.
There comes a time during the lifecycle of your business where you have to urgently apply for a loan. Once you start your own startup you need to be careful with how you manage your bets. A small error on your part can cost you a lot in the long run, which is why you ought to be careful.
Your business credit profile is an important part of your business, and is one of the most important things that lenders take into perspective before handing you over a business loan. If you a poor credit score, you will never be able to get the kind of loan you are looking for. While banks will outright reject you, private lenders will also give you a higher cost of capital or interest on your business loan.
Most small business owners jump into the entrepreneurial dream or the brainchild of a product they have because of their passions or goals. Not many of them jump into this field because they happen to love finances and the world of financing that comes along with it. Knowing this it is not uncommon to see new start up entrepreneurs making basic errors when it comes to the world of finance.
A lot of businesses and entrepreneurs today are preparing for external funding. Entrepreneurs have come to realize the importance of funding and believe that businesses should be prepared for funding at all times. Knowing this, it is necessary that businesses have their goals set right and don’t take any wrong step.
Business funding is a proper concept world over and many small businesses are heading towards getting their operations or their key expenses financed for the future. When you look for a small business loan or a merchant cash advance, you probably have a detailed plan of how you expect to spend that money, mapped in your mind. You want to follow that detailed plan and are planning to make no shifts in it.
Short term business loans are currently in high demand within business owners. These loans provided by established private lenders give organizations the chance to get their hands on external funding options. Business owners are often found short of funds when they are looking to expand their business. It is because of this very factor that they keep looking for ways to fund their business.
The world of small business finance has grown by a lot over the course of the last few years. Gone are the days when small businesses had to think of multiple ways for getting the finance that they required. Now small businesses can get their required funding in the manner they want without any hassle as such.
Bankruptcy is one inevitable option that no company wants to face. For those who are unaware of it, businesses usually file for bankruptcy when they have no other option left for paying off the current loans they have. This is usually the last step that small business owners take, because they are usually looking over businesses following a sole trader format or a partnership format.
Merchant cash advances are proving to be the best funding solution for businesses looking to get their hands on some extra finance. A good merchant cash advance allows you to get extra deposits in your account for an upcoming expense, which you can eventually pay back through your daily sales, without any extra interest or complexities.
Once you start running your own business, you will realize just how important cash flow management is for you. Running a business of your own, you should be aware of the role that cash plays in your business. Cash is responsible for a lot of things that transpire inside your business. To begin with, cash plays an imperative role in determining just how you feel about the way your business is run.
The summer season is just around the corner, and this is when your restaurant would be frequented the most. It is a proven notion that people happen to shop and get out more during the summer season, which is why they will come visiting your restaurant for the food on offer as well.
Running a small business is quite a responsibility. Not only do you have to make sure that the business is surviving in this ultra competitive market of today, but you also have to make sure that your business is experiencing consistent growth with time as well. Both survival and growth should be ensured at the same time, so that the results come your way in the manner that you want.
True business success for a startup can only be achieved when you have a leader who understands all the intricacies that go into becoming successful. A leader should not lead from the front, but should also leave a good example for the rest of the team to follow. True leaders realize all that is expected from them and give their best shot for experiencing success in the truest form.
A merchant cash advance is one of the most popular forms of funding nowadays and it is making quite some rounds across the business fraternity. Many businesses have come to realize just how much they can benefit through one, which is why they are running towards getting a merchant cash advance for their dealings. If you need a merchant cash advance for your business, then you have to realize the intricacies that are involved in the entire process. Know what you are dealing with and get to the bottom of your loan choices.
With cyber attacks on the rise, digital security is a major concern for most small businesses. Small business and recently launched e-commerce retailers have plenty of ideas for online growth, but these ideas can backfire, if their data is infiltrated by cyber attackers. Once attacked by cyber attackers, these small businesses have no options left, but to lose some of their data or some of their private expansion plans for the future.
One thing that we have learnt from the example of multiple entrepreneurs before us is that tracking your goals as you work on them is a good way of achieving the long term objectives you have in mind.
As a small business owner there will come a time during operations when you would have to free an employee from the duties that they are currently assigned or the duties that are currently handed over them. This time could come because of a cash crunch of sorts, due to the situation of the economy or due to the personal behavior of the employee themselves, but regardless of the reason behind the firing, you need to make sure that the step is handled professionally.
There comes a time when your small business will be making stable profits, and you will be looking to expand it forward into the market. The expansion process for every small business owner is one of the most important parts of running their business in the best manner possible. Business owners have growth set as their aim when they start their business. They realize that growth is necessary for meeting the other objectives that they have set for themselves.
Filing for bankruptcy is the absolute last choice that most businessmen have while working on a business. When a business cannot find any avenues to clear away the small business loan that it has taken, the business looks for the final resort. Filing for bankruptcy can be an emotional and highly charged decision for many partnerships and sole proprietors. The entire decision is a struggle for them to manage, as they adjust themselves to live without the thought of their business around them.
The holiday season is just around, and it is time that small businesses started actively preparing for it. The holiday season is the time of the year when festivities are in the air and everyone seems to be having a great, great time. This is also the time of the year when you have to go easy on your employees, because they also have familial responsibilities to look after.
If we asked business entrepreneurs with experience in leading a startup about the most important part of leading their business, many would respond in favor of cash flow. It is a universal fact that cash is an important part of literally every business. Cash is literally the lubricant that keeps the engine of your business running, which is why it is necessary that you maintain a keen check on it. Letting your cash flow get a bit out of hand isn’t something which business owners would want to happen, which is why you should keep anomalies at bay.
Funding options are growing in popularity and many businesses have noted down just how profitable they can prove to be for them. If you have a small business that you plan to take care of, than a small business loan is the best way for you to add some extra funding to the capital.
First Down Funding Offers Lending Solutions Across the United States and Starting Monday December 14th, Sharp Shooter Funding, A New Lending Division, Will Be Expanding Into All Canadian Provinces for Commercial Lending Solutions Business owners know what it’s like to run short on time, help, and cash. Things like more time, money, and sales don’t… View Article
A merchant cash advance is a great method for you to fund your business and to make sure that you have the cash reserves you are looking. As a small business entrepreneur you should be looking to make sure that your business is able to earn the profits that you require and that the operations carry on without stopping.
Maintaining a healthy credit score can be quiet hard for many businesses. As we all know, credit scores are based on your credit history and are a basic indication of your credit worthiness for the time to come. Businesses with poor credit scores have a hard time trying to get the loan they want, which is why the best option for them is to get their credit score improved and maintained.
Auto shops are growing rapidly in number as we have multiple auto shops located around us currently. All of these auto shops serve a purpose, which is to help clean and repair your car and make it look at it very best for your next drive.
Small business owners, if they are new to the world of business management, happen to make numerous mistakes. These mistakes can have varying repercussions based on the gravity of the damage, but there are certain tax mistakes that can harm you in ways more than one.
The one thing going wrong with small business owners of today is they do not focus on the importance of delegation. All of these small business owners are hell bent on doing everything by themselves, which is why they undermine or do not realize the importance of giving some tasks to people with actual expertise in the field or to just reduce the burden from your shoulders.