Fund Your Business With Business Cash Advance

Raising sufficient working capital is an essential pre-requisite for any business start-up. Though the market offers a host of financing options, choosing the right one among the lot can be confusing for an entrepreneur having limited understanding in this regard. The mode of financing is an important element that determines the success of the organization and thus an exhaustive understanding of the available funding options is almost mandatory.

A business, depending on its scale of operation, can be funded through a number of sources. Capital can be raised by borrowing money from friends and relatives, making use of personal savings or seeking loans from banks and credit unions. Firms that had been in the business for a while can seek help from venture capital firms, which extend financial help in exchange of partial ownership of the borrower’s business. However, among the various options available, the ideal funding strategy of a start up business should comprise of a mix of accumulated personal savings and money borrowed from external sources like banks and financial institutions.

The best way to seek financial help from external sources is to opt for loans. Loans are available in two forms – secured and unsecured. Secured loans are lent in exchange of a collateral, which is liable to be seized by the lending authority if the borrower fails to repay the loan amount. Unsecured loans do not need a collateral, but the rate of interest charged is much higher than that of the secured loans. Nevertheless, getting a loan has never been easy for a budding entrepreneur. Banks and financial institutions have stringent qualifying parameters. Operational and successful businesses might qualify for such loans but for a new venture, it could be an uphill task to get the loan amount sanctioned. Other factors like a bad credit record, or insufficient collateral further dents the possibility of getting the loan. Even though the loan amount gets sanctioned, the borrower still has to bear the burden of fixed monthly repayments.

A better way of seeking external financial help is to opt for business cash advance. The qualifying parameters for getting a cash advance are not as stringent as in the case of other forms of loans. A business cash advance neither needs a collateral or security nor does it require the borrower to necessarily have a good credit record. To get a cash advance, the borrower’s business should accept credit cards as the mode of payment. The amount is repaid through future credit card receivables of the borrower.

Every business needs proper capital backup to prosper. A business cash advance in combination with the accumulated personal savings not only ensures adequate capital flow into the business but also relieves the borrower from the burden of monthly repayments. As the repayment is directly linked to sales, people seeking a cash advance do not have to be bothered about it. Once the business has been adequately financed, prosperity is certainly going to be near at hand.

Mistakes To Be Avoided When Questing For a Full-Proof Business Insurance

Since ages, safety has been offered the pilot seat. No matter, what circumstance brings for you; being insured is always the wisest choice. Well, as a matter of fact, today most of us have understood this and are covered with some highly beneficial insurance policies. However, this can come to you as a surprise, there are people around, who still neglect the importance of a right insurance.

Note, the consequences of no insurance coverage or inadequate coverage are devastating; one cannot even commit, what may happen, as there is a whole world of things that can happen to your business. Not protecting it with the right insurance can surely cost you in so many ways.

In addition to above, just getting any insurance coverage is not enough, getting the one that’s best for your business is the call of the occasion. And, not doing it the right way, may put you on the losing end during crisis; when you need help the most.

Besides all this, considering some common mistakes made, when searching the best insurance policy for your business, may essentially take you to the right path. Knowing these mistakes will surely help you, to avoid them in the future. So, lets quickly go through some common practices to be avoided, when questing for the right business insurance.

5 Mistakes to be avoided when questing for a full-proof business insurance:

1. Deteriorating the importance

Business owners around the world, although have understood the importance of business insurance. Still, not all business people necessarily think this way. Some may think it’s unnecessary as their business is small, while others may consider it too costly. In fact, some may even think that, as they’re already covered by other forms of insurance policies; it’s more than enough for their property.

2. Lack of the basic insurance knowledge

Not knowing the basic issues, when questing for a business insurance may prove lethal to you as well as your business. In fact, being well-versed about all pros and cons related to any business policy will most certainly help you get the right insurance. Beside all this, as every insurance policy is unique in terms of the coverage it offers as well as the conditions, governing it; treating every individual policy separately is advisable. For example: Would you get car insurance for you home? Would you get life insurance for your car? Of course you wouldn’t, so be careful and understand even the minute detail before sealing any insurance policy.

3. Not getting insurance early enough

Taking early insurance into account, will help you cultivate a business of your dreams. If you don’t get insurance for your business early enough; obviously in case, if something happens and you need it early, you’ll be stuck with paying for the damages yourself.

4. wrong insurance provider

As, not everyone can support multitasking, similar applies to businesses as well. Just because your home insurance provider is a leader at that particular domain, doesn’t make him qualify as an ace business insurance provider too. So, be cautious.

5. wrong kind of coverage

Somewhat similar to the risk of getting along with a wrong insurance provider, a wrong kind of coverage is a mistake too. Ultimately, you’re the person in charge for making the right business decisions. You’re the best person to look out for your own interests.

Henceforth, keeping all the above mentioned points, you’ll surely end with the some most suitable, big or small business insurance brokers in Sydney. You can even visit online insurance providers to sort the best for you.

“Stop Working! Start a Business, Globalize It, and Generate Enough Cash Flow…” (Book Review)

After reading a story in American Venture Magazine, I decided to read “Stop working!” The story was that of a New Orleans survivor who escaped from the disaster in a rowboat with her laptop and “Stop Working!” and put the lessons taught in the book into action right away, even while she was newly displaced due to Katrina.

After the red stop-sign graphic with the words “Stop Working” on the cover of the book, the first sentence of the introduction, “Less than a year after I started my new company it became a global player” aroused my curiosity even more. In the words of the author Rohan Hall, “Stop Working!” is not a motivational book, but it gives information on “how to build a profitable business from a small investment” and “how to expand your business by aligning with global partners.”

Taking the operation of global companies as a model, Hall shows how to turn a small business into a global one. From that point of view, even those who have very successful businesses can make use of “Stop Working,” in which each significant concern and topic is covered well and at times from a technical angle.

In the first chapter, Job Security, why businesses fail and why the phrase “job security” is a lie is told in detail with a few basic to-do axioms added. The later chapters address the nitty gritty of starting a business with creativity, entrepreneurship, and courage to make it a global entity. The lessons in the chapters are well taught and with detail. For that reason, “Stop Working!” can be considered a textbook for someone serious enough to take its advice to heart. The down-to-earth chapter headings alone are enough to show how insightful and informative this book is.

The book includes thirteen chapters in three sections:

I. Globalization – Your Path to Wealth

II. Build Your Agile Business Structure

III. Technology & Resources

The book ends with an appendix that consists of two sections: Global Economies and Favorite Downloads.

When “Stop Working!” incorporates Hall’s experiences in anecdotes, it is not to entertain but to enlighten the reader. The thesis of the book maintains that, although a business is somewhat successful, even a small life event may cause disorder, leading to financial devastation. It is, therefore, feasible to turn the business into a global enterprise.

The author, Rohan Hall, has worked with companies like Hewlett Packard, PeopleSoft, Corning, Honda, Avery Dennison, Lockheed, Boeing, The American Red Cross, Sierra Pacific Power Company, and Robert Half, to help them develop global businesses. Hall is the owner and CEO of a professional services company, vConcepts, Inc., and Eye Contact Media, Inc., a publishing company. He is, also, a Fortune 500 Global Business/Technology Consultant.

“Stop Working!: Start a Business, Globalize It, and Generate Enough Cash Flow to Get Out of the Rat Race!” is in 277 pages with ISBN-10: 0972918736.

The advice in the book is clear and simple, yet never simplistic. “Stop Working!” deserves to be read with care and kept as reference material for future. In my opinion, anyone with a business, small or large, or anyone thinking of starting a business should study this book and keep it on his bookshelf.

Business Direct Marketing – Top 10 Must Do’s For a Successful Program

Let’s face it. Companies spend a big portion of their budgets on print and online advertising. And, we all know that we still get a bunch of “junk” mail. Why? Because it works. While inventing new ways to market your business can sometimes pay off, let’s make sure we do not drop the ball and overlook the ground rules for direct marketing.

Small business owners can effectively use direct marketing to grow their business and build relationships with their current and prospective clients. But, a poorly executed direct marketing program will hurt you where it counts! Here are a few tips to give you a great shot at putting together a successful direct marketing campaign.

1. Have a clear vision of what you want to achieve. Create a marketing plan. Set goals for your direct marketing effort and put it in writing. Share it with key employees and have clear-cut objectives that reflect your marketing research and intuition.

2. Get “personal” with your target audience. Sending a marketing letter to “The Manager” is the best way to get your message ignored and thrown directly into the garbage or virtual trash. Get personal by using and creating marketing databases that have detailed information on the businesses you are trying to reach. Do not be afraid to use this information in your message. This conveys to the recipient that you have done your homework and have a value offering that relates to their business.

3. Test before rolling out your promotion. You have done your research, crafted the look and content of your sales message, and prepared your database. That is a lot of work done to get to that point but do not waste your time and efforts by sending your message out to your list without testing it first. Take a smaller nth name test from your database to see the response to your message. Get a feel for turnaround times, inquiries and general receptiveness to your offer. If you like the reaction, roll it out. If not, change something and test again until you get an acceptable response.

4. Include a “call to action” in your message. Putting your address or phone number is not enough. Stay away from creating open-ended offerings. Reinforce your compelling sales message by telling the recipient of your marketing letter exactly what to do and when.

5. Consider a multiple step direct marketing strategy. With the investment of time and money, it is easy to understand why small business marketers want to make the sale on the first pass of a marketing effort. The ability to do that will depend on your product or service offerings. But, two-step direct marketing has some valuable upsides. It allows you to collect a larger pool of potential customers and build a relationship with this market. In many instances, it provides an opportunity to increase the unit sale and introduce additional products and services.

6. Be a Copycat. Do not resist what is working in your market. Understand what your competitors are doing to get business. Pay special attention to what the market leaders are doing and what promotions are repeated. Other companies have done their market research and testing and, sometimes, you can benefit from their investment by implementing a similar strategy.

7. Follow up with a vengeance. Do not let your direct marketing effort fizzle on the back end. Just like in sales, the weakest link is usually in the follow-up.

8. Perceptions are important. We all want to work with quality people. We all want to deal with quality companies. Make sure your message does not make claims you cannot back up or seems deceptive in any way.

9. Niche out your products and services. Packaging a product or service for a particular group can sell more of your business offerings than if you tried to sell to a general market. If you are a specialized business already, look for sub-markets to sell to. It is more work for sure but, you may find a gold mine. Following tip #2, people respond positively to messages that they can relate to.

10. Make sure you analyze your results. You can easily tell if a direct marketing effort was successful in generating sales. But, be sure you note the qualities of both the positive and negative responses because you can miss valuable sales and marketing information if you do not. Things such as response times, geographical disbursement, respondent job titles, inquiries that turn into sales, and actual client feedback, can help you roll out a more effective direct marketing campaign next time around.

Okay, here is one more bonus tip for you. Make your sales message compelling. Be creative and use your instincts. Remember, every sentence you put on your marketing piece should have a purpose. Leave out extraneous information and be clear with your sales message. Now, go ahead and use these tips, along with your business savvy, to form a successful direct marketing program.