Capital Consulting Firm Offers Smart Business Financing Solutions

Will 2011 be your turnaround year? Your time for expansion and growth?
Don’t let insufficient capital stop your business in its tracks!

Lack of capital is a critical challenge for many successful businesses – particularly in the tough economy of the last few years. Business growth and expansion are often limited by availability of discretionary funds. This is especially true when a business is inventory heavy or receivables heavy, or the operating cycle is long. Many companies would hire more employees, invest in new equipment, expand facilities, or launch a marketing campaign, IF the money was readily available.

Unfortunately, many business owners mistakenly believe that banks are the only places to secure loans. In reality, there are numerous lenders that are happy to fund individuals and companies. And it just so happens, right now is a great time to secure capital. Rates are low. In fact, some lenders are offering business loan rates as low as 3 to 5 percent. Program options are diverse and there’s plenty of money available. You just have to know where to look.

If you’re ready to grow and make 2011 your turnaround year, a capital consulting firm can help. Whether you need cash to buy equipment, funds to make an acquisition, or assistance with bridging accounts receivable delays, a capital consulting firm will help you find the right finance program for your unique capital needs.

Capital consulting firms offer a range of specialty financing and leasing options for businesses in every segment. They provide individuals and businesses access to approved lenders with a wide variety of niche programs and products. Make sure to select a full-service partner, not just a broker. Quality capital consultants will guide you through the lending process, taking the time to help you understand the range of products available and assist you in selecting the best options at the lowest rates.

Increase Your Finances and Keep Your Future Growing

Smarten up, sit up and pay attention! Are you under threat of redundancy? Are your work hours under review? Or are you simply in need of a financial boost? Don’t get bogged down in the latest round of doom and gloom on the financial fronts. You can get a head start. Learn to Increase Your Finances and Keep Your Future Growing.

Is there something that you can do that will enable you to break free from dependency on your local employment options? Can you learn to do things differently and even go against the money trends in your part of the world and come out on top? How is it possible? It won’t be simple and hard work is required, but thousands across the world are already discovering that they can be their own boss, dictate their own work patterns, recreate a better family life and still prosper! Would you like to know how they do it?

Perhaps you are already looking for extra income. Have you compared opportunities within the franchises or multi-level marketing company opportunities and wondering if this is for you? It might well be, but have you really considered the idea of having multiple streams of income? An example of that would be paid employment, running your own MLM business as well as being an affiliate marketer. (You can read a short guide entitled “Affiliate Marketing – a Guide for Newbies, which gives the bare bones if you are unfamiliar with this).

Affiliates are internet business marketers who have been given the potential to earn unlimited income by understanding how the internet is used and tapping into the global markets. There are currently over 2 billion users worldwide and that number is set to rise as more and more people come online. Many people have discovered a way to harness the amazing variety of technology available on the internet and make it work for them.

The good news is that you don’t have to be left behind. You don’t have to have all your eggs in one work basket – just in case yours gets dropped! If the worst thing happens to you and you get made redundant or have your working hours reduced, you will already have businesses up and running that have been steadily growing to cushion the impact. Now really would be a good time to prepare and plan ahead in terms of work and finances. Don’t just sit around and wait for the inevitable to happen to you. You won’t get rich overnight, but with learning a new set of skills and good mentoring, you can be taught how to use the internet efficiently and outsmart trends and prosper even in the most difficult of financial climates.

Business Mentoring and Coaching: What’s the Buzz?

Most small and medium enterprises (SMEs) often find themselves at sea after the euphoria of set-up, a strong growth trajectory and initial financial comfort. However, it’s a hard and unforgiving world out there in the marketplace and many of these SMEs soon begin to flounder, becoming less financially viable or unable to retain staff or deliver. Planning for future growth was perhaps the most neglected aspect of SMEs. Either they remained stunted or there was simply no time to factor in the needs and resources required to take the business up to the next level.

In earlier times, the entrepreneur was forced to be a multi-tasking super-hero, juggling the roles of CEO, CFO, Human Resources Manager, Creative Head, Strategist and more. This often left her/him bogged down in details, unable to see the larger picture. Being so intimately and emotionally involved in the business, the entrepreneur’s vision is naturally skewed and lacking in perspective.

However, today, most SMEs have plenty of assistance in terms of outside consultants, professional business planners, mentors and business coaches. These professionals provide a fresh, new outlook which allows the business head to concentrate on whatever he or she does best – be it the creative side, marketing, etc.

Business coaching and mentoring is the mechanism by which a suite of services are made available to the client to ensure the success of the enterprise. These services may include business and life skills coaching, personal mentoring, team-building and management, business management services that include franchise and partnership management, mergers and acquisitions and exit strategy. Many business coaching service providers also furnish accounting, taxation and financial services, business development and marketing, pricing etc.

Long and short term strategies and planning are put in place. Many business coaches and professional mentors are qualified in certain domain areas, so they’re able to bring these skills to the table – marketing, finance, human resources etc. However, it’s not necessary that your business coach or mentor has skills in the particular domain that your business deals with. In fact, expert coaches and mentors can transfer their skills irrespective of the nature of your business, since they essentially deal with universal principles of business.

As an entrepreneur, you may require personal coaching or life skills inputs to help you tide over the bad times, improve your interpersonal skills or chart the growth of your business. The coach or mentor can provide you with detailed information/reports/analysis of the dynamics within your organization. This helps you develop better and more effective ways of moving out of your comfort zone, think out of the box and carry your team along with you.

Just as a skilled sport-person requires constant and consistent coaching throughout his/her career, today’s entrepreneur can benefit greatly from harnessing the skills and assistance of a business coach or mentor.

Business Finance Article: Successful Businessmen Characteristics

It takes a certain kind of man or woman to become successful in business finance. While many people will try to run a successful business, not everyone can do so. If you are thinking of starting your own business, then this business finance article may come in handy. Today, we are going to tackle certain character traits that are more suited to the business finance world. Perhaps you would like to check if you also have what it takes to be successful in this field.

1. A great businessman never takes his personal and family considerations lightly- These days, especially in the country, more and more people have started to open their own small businesses. And because they have become so common, small businesses are getting a bigger and bigger niche and target market. Small businesses are usually successful because they provide a lot of flexibility to the owner. The owner can structure the business in such a manner that he has time to care for children or his elderly parents. Because profit is not the only goal of the business, the owners are somewhat more fulfilled, making the business’ chances of success more.

2. A great businessman possesses great initiative- rather than wait for another person to come up with the next best thing, a great businessman will attempt to come up with it himself. He attempts to start trends, and is always researching for the next big boom. He is never the last to know about something, or the last to act on the matter either. Rather, it is the opposite, with him being always on the forefront.

3. A great businessman is able to react quickly to change- in business; curveballs are part of the world. A great businessman has the ability to think on his toes. He always has to have a Plan B, C and D in place in case Plan A will not work. Emergency plans must be part of every good businessman’s tricks. This ability isn’t only applicable to dire situations. When suddenly faced with an unexpected opportunity, a great businessman knows how to grab it and use it to his best advantage.

If you possess all of these traits, then you have the makings of a great businessman. If you don’t believe us, take a look at successful businesses that you know. Running them is usually a man or a woman with these very qualities that we discussed!

Small Business Finance Success Improves With Realistic Options

The goal of being realistic when seeking new commercial loans and working capital financing will help commercial borrowers avoid a number of commercial finance problems. With proper preparation business owners should be in a better position to obtain new financing despite the difficult challenges impacting most working capital loans and small business financing. Nevertheless it should be anticipated that terms of financing will be different from prior commercial financing. Because of recent commercial lending difficulties, business owners actively assessing the most effective options for their small business finance decisions are likely to find the smoothest path to business loan success.

In view of volatile conditions which have recently impacted credit markets, this will not be a simple task. A very common example of the problem is illustrated by how much misinformation and confusion there has been about business financing and working capital availability. Getting more accurate information about what is realistically possible can be one of the most difficult challenges for commercial borrowers.

When seeking to identify realistic choices in a confusing working capital management climate, a number of harsh realities must be confronted by all small business owners. For most current commercial financing decisions by business owners, there are several major factors to anticipate. In the first example, additional small business loan collateral is being requested by most commercial lenders. Second, many regional and local banks have discontinued lending for business financing and working capital. In a third example, businesses which are not currently profitable or not current in their debt payments will have extensive difficulties. Fourth, business construction funding currently is very limited in most areas. In a fifth example, lenders are eliminating unsecured business lines of credit for most small business owners.

Despite the new business financing limitations just noted, there are practical working capital options for small business owners to consider. An increasingly effective commercial financing option in the midst of an uncertain economy is a merchant cash advance program based on credit card processing activity. Even though this commercial funding option has been available for a few years, it has not been used by most small businesses. For most businesses which accept credit cards, merchant cash advances should be evaluated as an important tool for improving business cash flow. Small business owners wanting to pursue this financing option should consult a business financing expert who is knowledgeable about this working capital management approach as well as other small business loans.

Even though working capital loans are not as widely available as they were just a few months ago, this kind of small business financing is still in fact obtainable. Since some of the largest providers have stopped making these business loans, the main change for business borrowers is the likelihood that they will be dealing with a different commercial lender. Small business owners will benefit from finding an experienced and candid business financing expert to assist in evaluating realistic options because the most effective working capital financing providers are not aggressively marketing this capability.

As stressed above, when making commercial financing decisions it is becoming increasingly important for business owners to first determine their effective business finance funding options. Because of recent volatility in financial markets, this task is likely to be much more difficult than most commercial borrowers realize. It is advisable to explore commercial finance options that might be necessary if economic conditions change even further even for business owners who are satisfied with their current working capital financing arrangements. The use of Plan B contingency financing is an important tool to assist commercial borrowers in this process.

Business Finance – 3 Blunders to Avoid And Popular Ways to Seek Referrals Today

Business Finance – 3 Blunders to Avoid

When you have your own business, it is important to follow some basic financial rules. Keeping track of the money flow and expenses helps you decide if your business is making enough money or spending too much on supplies. Your business should always have a strategy to follow as well as projected cash flow. Money is important in every aspect of business.

Below are some of the following business mistakes that you should try to avoid:

(1) Not keeping accurate records in your business finances can affect a business negatively.

It can hurt cash flow and the decisions and plans that you make for your business. If you find that you do not have time to keep track of accounting, it is a good investment to hire somebody to keep track of finances. If you conduct business from home, you also need to make sure that you keep two separate accounts: one for business and one for home or personal items.

(2) Not staying informed about business laws.

You need to educate yourself about Occupational Safety and Health regulations, worker’s compensation laws, unemployment insurance and employment laws. By not keeping yourself educated about business laws, you could possibly make careless mistakes that could affect your business.

(3) Not filing or estimating quarterly taxes.

Taxes are also very important when it comes to business. You should familiarize yourself regularly with the latest tax info for business and learn about filing estimated taxes early. If you don’t estimate what the cost of taxes will be each quarter, you could end up paying a large sum of money at the end of each year. Not estimating the cost of taxes or paying more taxes than you bargained for could hurt your business financially.

It is important that you avoid these business blunders so that you can be sure that your business is run professionally. Always stay educated and up to date on current business laws and practices. Not staying familiarized with business laws or your financial status could cost you more down the road.

Popular Ways to Seek Referrals Today

Referrals are important in any business. Referrals help us build a reputation and bring in new customers/clients. Without referrals, a business can’t grow.

Below is a list of ways that you can attract more referrals to your business.

• Attend meetings, luncheons or other business events and meet others who are in similar business markets as you.

Find out how other business owners create strategies to meet new clients. Attend events held by the city or other organizations where you might have a chance at meeting new clients.

• Familiarize yourself with online social networking.

By learning about other people’s interests, you can educate them about your business and services. There are millions of potential clients who are on social networks such as Facebook and Twitter each day. Visit online blogs that pertain to your market and leave comments. Be sure to leave your name website link somewhere in the visitor field in case readers or the blog owner wants more information.

• Speak with your current clients and customers.

Your current clients may have family and friends who need your services and products too. Create “coupon specials” for those who refer friends or family, and then offer introductory specials to those who were referred. Family members will often refer places of business or products to each other that they had a successful experience with.

• Post fliers, signs or business cards to attract more business.

At business events, be sure to leave your business cards, free magnets or pens that have the name of your business or website on them. People always love gifts that they can take home with them. If someone needs your services, they may call the number or visit the website that is listed on the pen or magnet.

There are several ways to attract referrals to your business. A business just can’t expect customers to show up unexpected. By going out to meet and learn about your potential clients, you can ensure the future of your business’s success.

Train For Finance and Banking Online

Every business and organization that earns a profit has to think about their financial and banking needs. These aspects of a business need qualified individuals who understand monetary funds and how to manage those funds in a bank. Online accredited colleges and universities offer training in finance and banking that teach students how to work for an organization in this capacity.

Professionals use their knowledge by making suggestions to a business to help them grow financially. The professional’s job is to aid their client in sound financial decisions in order to help them use their resources to obtain monetary goals. A professional who understands banking is a strong asset to a business because they keep track of fund activity by making sure it is recorded and handled properly. Prospective students can learn how to perform these main duties through numerous online programs. Students can choose to study finance and banking in a combination program or choose a degree program specifically geared towards one.

Students need to decide prior to enrolling in a degree program if they want to work for finance, banking, or both. This will help a student know if they need to find a combined degree program or find a specific degree program. A finance degree program will provide students with the knowledge to analyze and implement financial procedures in a managerial position. The minimum requirement for a career in the field is a bachelor degree. In a bachelor degree students can expect to complete the program in four years. Curriculum will include general education and degree specific education. The finance part of the program could include courses on risk management, corporate finance, statistical analysis, critical thinking, and more. Students will be able to understand the procedures and principles of financial markets and the distribution of funds in every sector of an organization.

A bachelor degree program in banking is a financial business degree with its focus on banking. The degree program prepares students to work in various careers inside a bank. Courses will center on teaching a student about the many areas of financial institutions. Specific courses may include corporate finance, banking law, international trade law, and global economy. Students will learn about all bank practices, credit, and lending. Career options will allow students to become credit analyzers, loan processing managers, and more. Gaining a degree in banking significantly increases an individual’s annual income within the industry.

A combined approach will prepare students by giving them a strong foundation in management, corporate finance, and the global market. Students will examine every area of the industry through courses that include investments, capital raising strategies, corporate operations, and mergers. A financial and managerial accounting course will teach students how to function as a manager and work with employees within the procedures of accounting. Students will explore topics like financial statements and cost analysis. A combined degree will allow students to work in all areas of both industries.

Whether a student decides on a specific or combined education approach, numerous career opportunities will be open to them. Online schooling in finance and banking will help students enter their desired career upon completion of an accredited program. Seek an online college or university today that offers the degree you need to start an exciting new career.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

Copyright 2010 – All rights reserved by PETAP.org.

How to Choose Between a Small Business Loan and a Merchant Cash Advance?

Running a small business is something that requires constant attention. A business owner needs to juggle different roles one of which is financial controller because without finances a budding business will fail. That being said finances are needed for things like restocking the inventory, purchasing updated equipment, repairing, upgrading and paying staff. But there are times when you will find yourself low on capital and in situations such as these how do you find the money to keep your business alive? As a business owner you have a number of financing options at your disposal, so much so that it is probably hard to decide which of these offers are best for business. Below we look at two of the biggest types of financing and how they work.

Small business financing

You can usually get small business financing from a bank and this is the first step that most businesses take when they need money. Small business owners are required to submit an application to the bank after which the bank will examine a number of factors which include their business history, credit history and the collateral they can put up. If you are approved for the loan you will receive the lump sum amount you applied for accompanied in most cases by a fixed repayment installment which needs to be paid on time or you will incur penalties. The process of getting business financing can take weeks if not months.

This type of business financing is usually best for businesses that have predictable monthly sales. The business owner should also have the ability to put up collateral and have a strong credit history. You also shouldn’t be in a hurry to get the loan because if you are then this is probably not the best option.

Vendor Financing

Vendor financing allows business owners to get up to around $150,000 if they are an accredited distributor, vendor, manufacturer or a reseller of equipment. Unlike a regular business loan this is based a lot on your own personal history as well as your business history but you do not need to have perfect credit to avail this type of financing. This loan does not require extensive paperwork or a list of your clients. All you need to do is to show proof that you are an accredited vendor, and your credit history. That being said many companies reserve the right to ask for more documentation to ensure that they know everything about your business prior to approving the loan.

Vendor financing is great for small businesses whose business varies each month and for business owners who do not have perfect credit and zero collateral to put forward. The money can be used to increase inventory and venture into new markets. However, these types of loans have a higher than usual interest rate associated with them primarily because they are unsecured loans.

Business Finance – Tips on Where to Get It

Starting up a business can be exciting but can also be challenging especially if you do not have adequate funds to get going. The financial aspect of any business is very important and needs to be planned and managed appropriately. It is important that you have a business plan detailing your objectives, strategies, target markets etc. You should also have done thorough market research so that you are able to gauge your competition and also what the consumer market thinks of your product and/or service. Even with all this ready, it can still be quite difficult to arrange for business finance.

There are many ways in which you can access funds but it is up to you to select the one that will benefit your business most. You will need adequate funds especially when starting for your business to be successful. You will need to buy equipment, pay rent, have enough stock, and hire reliable employees etc, just in the first few weeks. Many businesses are prone to failure if they do not have proper management or enough start up capital. That is why it is important to raise enough money.

One source of this capital could be your savings, but most times it is never enough and you may need additional funds. At this point you could approach friends and family who have financial resources to help you out. Banks are another option of business finance but it is important to shop around to ensure that you get the best deal. Asset financing is another alternative where you can access finance with secured assets like real estate. The assets are used as collateral and if you default on payment your property will be seized.

Venture capitalists are another source of business finance. They invest in new or growing businesses that have the potential to grow. Business finance helps in managing the system of financial control that deals with the allocation and use of funds.

Start-Up Business Financing – Look To Crowd Funding

Over the last few years we have heard ad nauseum about small business struggles with accessing capital for growth.

But, even harder hit then your typical Main Street business has been those companies that have yet to open their doors – Start-Up Businesses.

Start-ups have always struggled at getting capital before launching their businesses. They have no revenue, no real prospects, no assets and no brand name. In fact all they really have is a hope and a prayer.

Thus, no lender or investor in their right mind would touch a start-up business – and they usually don’t.

But, year in and year out, some 600,000 + new businesses are started each year; according to the Small Business Administration.

These businesses have to get funding somewhere. The question becomes, where?

Each business is different and as such each may find a different or unique way to scrape together the capital needed to launch their company. Some new businesses have to either cash out all their personal resources like home equity, stocks and bonds, deplete savings accounts while some may find investors in their local area or tap their friends and family.

Whatever they do, the bottom line remains the same; small, new start-up businesses can’t get outside capital from traditional business loan resources like banks or other financial institutions.

But, over the last decade or so, there have been some really ingenious and innovative entrepreneurs stepping up to fill this lending gap.

By now you might have heard of peer-to-peer lending where members of a network borrow and lend to each other – cutting out the banks or professional investors.

And, recently there has been a renewed push for a similar form of start-up business financing, termed Crowd Funding.

With the huge popularity of social networking and the reach that this direct interaction can bring to one person’s idea, crowd funding is getting a new foothold in the business world – really picking up since 2008.

Now, crowd funding is not going to provide your new business with millions of dollars in capital like a venture capital deal would or will it provide you with hundreds of thousands of dollars like a bank loan would. But, it could (should if used right) provide your start-up business with enough initial capital to get launched and begin to generate customers and revenue – because, once your new business does start to show some promise or begins to generate actual business, other financing options will open up to it.

Think about the typical start-up business – a business that is only an idea at this point. What expenses will it really face before opening its doors?

Most new businesses have the following start-up costs:

Legal – For incorporating your business or filing for your business registration – usually around $300,

Rent / Lease – $500,

Leasehold Improvements – $600,

Office supplies and office equipment – $1,000,

Web design and marketing materials to include logo design and brochures – $550,

Utilities / Insurance – $250,

Inventory – $300.

That totals about $3,500. Moreover, for those businesses that don’t need inventory or a building to operate out of in the beginning (online businesses), their start-up costs are much lower.

Now, many new business owners end up putting this amount on their credit cards then open their doors and start to build their company. But, given our recent recession and slow recovery, you just might not have the available balance on your credit cards to do this.

In steps crowd funding: Use your social network – those people you know and those you don’t but are friends, followers or fans with – to raise that needed start-up cash.

According to VC Deal Lawyer, based on several reputable publications like the Wall Street Journal and the Economist, crowd funders can typically raise between $2,000 and $10,000.

While this amount will not let your business push a national marketing campaign with a Super Bowl ad this coming February, it should be enough to cover those initial start-up costs – allowing your new business to open its doors and begin to get after paying customers.

Further, and as another solid benefit, most crowd funders are not giving away large portions of their company like they might do with local or angel investors or even with strategic partners like CPAs and attorneys.

In fact, very few crowd funding businesses are giving away equity. Why, because it runs up against the Securities and Exchange Commission’s rules regarding equity investment in private companies (think Reg D).

Instead, these companies are providing their donors or contributors some type of perk or reward – something tied to the business after it gets up and running – like a coupon or sample or even a personal phone call from the owner.

Just image that you get a personal call from the next Mark Cuban before he becomes a household name – pretty neat!

So, while crowd funding won’t provide your start-up with millions of dollars – the type of money that our main stream media companies likes to profile – it should at least cover your very basic start-up costs – getting you out of that start-up mode and into that small, growing business stage.

Further, given our current economic environment, who could really ask for more? After all, if you don’t have to really give away anything for it – it is just free money for your new, start-up business!