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Needing Money for Your Business
Everyone has different needs for money for their business. It could be for growth or staying a float. For such things as payroll, equipment, inventory, a new building, and etc. Now there are different kinds of loans based on your credit, industry, time in business, money flow, and other things depending on the lending company. If you get a loan and it less than what you want. That is because the lender doesn't see enough revenue coming in, credit is not high enough, not in bu
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Oct 161 min read
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Customer Retention
Customer retention is the second most important thing after having sales come in. It is costly to gain a customer in the first place, but if you can't keep them as a customer you are always going to have a high overhead in marketing and advertising (Turning and burning customers will not give you a good reputation). Make a plan on how you are going to keep customers long term. Some things to look at will be discounts, subscription service, new products, customer appreciation
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Oct 111 min read
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Revenue Based Loans
Today we are going to talk a little bit about Revenue based loans. This kind of loan is also known as a royalty- based financing. It is a mix between equity financing and debt financing. Revenue based loans are obviously loans, which go off of a companies revenue per month. These kind of loans are really made for companies with bad or poor credit. To put it simple they just are in a hard spot or have been in a bad spot for to long. The interest is usually high and the payment
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Sep 131 min read
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The Power of Planning
No matter what you are doing you have to plan ahead. You have to have a game plan in place. Now as you go you are going to adjust it here and there. Sometimes some things will come up that are not in your game plan. All you can do is adjust it, roll with it, and put yourself in a better position . Have a written plan right beside you at all time to remind you what you are doing and when you wanted to have certain goals done by. Always check to see where your revenue is. Make
Promeritum
Sep 111 min read
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