Monthly Archives for March 2013

Customer Feedback Can Increase Your Revenue

Do you know what your customers think of you? Understanding your products comes second to understanding your customers. There is so much you can learn about your business if you simply ask your past customers. They will tell you the good, the bad and the ugly. They have no reason to mislead you, they already became a customer and there’s no reason to give any fluff. You’ll get the most honest feedback from your customers. It’s hard to put a Read More


Bank Requirements For Working Capital Loans

Do you qualify for a business loan from your bank? We were curious to see how simple or difficult it would be to get a working capital loan from some of the major banks. Instead of just calling one bank, we decided to call five of the largest banks to see the differences between them all. We used the same scenario with all the banks. Here’s the business loan scenario we used: We had 5 different people all call s Read More


How To Manage Small Business Debt

commercial equipment leasing loans

Is debt bad for your small business? As long as I can remember, I was always taught ever since I could remember that having debt was bad. My dad would always tell me how it’s important to stay away from debt, and to always to try and pay cash when I can. Now that was when I was very young, and knowing my dad he probably didn’t think I would understand how to use debt to my advantage. Of course Read More


How To Research Your Competition

Competition isn’t bad, you just need to be better than them. In a previous post we talked about how competition is good for both the consumer and for the businesses. Knowing your competition is going to be a huge factor in your small business’s success. We’ll go over several ways on how you can research your competition and how to use that new gained knowledge. First lets discuss the different ways you can research your competition. One of the easiest Read More


How To Market Your Restaurant

Marketing your small business is no easy feat. There are so many ways to market your restaurant, ones that can be costly and ones that can be economically friendly. It’s safe to assume everyone has had the experience of enjoying a pleasant meal in a restaurant. It’s also safe to assume most of us have also had at least one bad experience in a restaurant. Restaurant Financing Now Learn how to market your restaurant Social Media: If you haven’t experienced Read More


How Is Your Daily Time Managed?

Small Business Owners Have Multiple Tasks Everyday As a small business owner you find yourself working long hours, and even long weeks. Every minute you can save throughout the day can result in more production for other tasks. A great way to make sure you accomplish all of your daily tasks is to create a “to-do” list the night before. As simple as it sounds, very few business owners use this method. By creating this daily task schedule, you are Read More


Home Builder Needs A Working Capital Loan

“You need money to make money.” Everyone has heard of that saying more than enough times, and it’s very true when it comes to running a small business. If your business is short on working capital, how else do you expect to grow? We recently came across another scenario with a home builder that specialized in building individual homes. Here are some of the obstacles this business was coming across: ·   They had four homes sold and escrow would Read More


Youngster Trying to Earn a Buck

Learning how to raise working capital at a young age. Now that I look back, I was an entrepreneur at a very young age without even knowing it. In elementary school, these handheld video games were popular; this is before there was Gameboy or PSP. These games usually had only two buttons and ran off watch batteries or AA batteries. In 5th grade I had a teacher named Ms. Graves, and she used to hand out tickets to the students Read More


Competition Is Good For Consumers And Good For Your Business

You can succeed in your business, even with competition! I’m sure you have personally experienced how competition has benefited you as the consumer. Competition is great for the consumer, because it keeps prices at a competitive price point, a wider variety of added services and products. I bet you are wondering how can this benefit you as a small business? If a business had no competition there is no need to be creative and innovate for newer, improved and lower Read More


Can Your Customers Find You?

  It might be hard to believe, but the simplest forms of advertising can result in business. Having a small business is time consuming, from collecting payments, shipping out items, ordering inventory, paying bills, figuring out advertising, the small business owner is definitely responsible for multiple items. So it’s no surprise that some things might have been overseen. Most of the time when we are talking about advertising it has dollar bill signs in the conversation. But not today! No Read More