Posts

4 Important Factors in Choosing a Revenue-Based Financing Lender

/in /by

StrategyDriven Managing Your Finances Article | 4 Important Factors in Choosing a Revenue-Based Financing LenderWhen it comes to revenue-based financing, it’s important to do your research. Not all lenders are created equal, and you need to make sure you partner with a reputable company that has your best interests at heart.

Partner mentality, competitive terms, history of investing, and dependable and timely funding are the things you should consider when choosing a lender. Read on to learn more.

Partner Mentality

Once you start a company, you’re going to run into a number of people offering you money — but not all of these people will be able to offer you the support and guidance needed to truly grow. When you’re choosing investors, you don’t want someone who just hands you money and then leaves — you want someone who will act as an active partner in your business.

There are revenue based financing firms that would be more than glad to partner with you to help grow your business. They’re committed to helping you throughout the entire duration of your loan, even after the term sheet has been signed and the transaction has been completed.

Competitive Terms

First-time business owners can run into lenders who want to hand them a term sheet that was drawn up without the borrower’s consultation. While this may seem like an easy and quick way to get money, these deals usually end up having less-than-ideal results for you.

You should only work with an RBF lender who will work with you to come up with the best terms possible for every party involved. Your needs and the lender’s needs should be accounted for, and a good lender will draft a term sheet that reflects this.

History of Investing

As more SaaS companies are established, RBF increasingly becomes more popular. This means you have more lenders to choose from — both good and bad.

Low-quality lenders can quickly ruin your company, so it’s important to do research on a lender before accepting a deal. Check a lender’s portfolio and contact their previous clients to see what their experience was like. If no red flags appear, you can move forward more confidently.

Dependable and Timely Funding

Managing a business is hard enough without factoring in an unreliable vendor. When you mix in chasing down an investor for the capital they promised, it gets even harder.

While it may sound absurd, this is a situation some founders deal with — which is why it’s important to partner with a reliable lender. Choose a firm that has a strong and positive reputation as well as a track record of providing funding without any complex approval processes and delays.

Choosing the Right Partner for Lasting Growth

As an organization that’s heavily dependent on funding, it’s crucial to have the right lender supporting you — not just financially, but holistically. By doing your due diligence and avoiding accepting deals prematurely, you can ensure you partner with a lender who can act as an investor and a mentor during an important phase in your company’s growth.

Building Your Debt Settlement Business

/in /by

StrategyDriven Online Marketing and Website Development Article, Building Your Debt Settlement BusinessAmerican households average more than $150,000 in debt – adding up to over $15 trillion. With numbers like these, starting a debt settlement business like Dove Law Houston is a wise idea. People need help managing and eliminating this burden – and you’ve decided to help them do it. You’ve researched, worked hard, and started a debt settlement practice. After all of that, you want to get to work battling debt and see the payoff of all your efforts.

Unfortunately, even with so many people in debt, there is a large number that does not automatically seek out a debt settlement lawyer. You have to get in front of them so that they know the option is available for them. How exactly do you go about doing this? The following steps are good ways to start.

Blogging

When people are being proactive with their debt and searching for solutions, they turn to the internet. They don’t typically search for things like “Houston debt settlement lawyer,” though. They search for things like, “how to get out of debt.”

Blogging is a great way to attract Internet searchers to your website. By creating a blog and adding content about getting out of debt, your website shows up in the search results. They’ll click your link and read your information.

You can then end your blogs with things like, “Contact me today to start your debt-free journey.” This makes them aware that you are available to help.

Local SEO

You want people in and around your area to know you’re in business. One effective way to do this is to put the power of local SEO to work for you. This means claiming your Google My Business profile and entering accurate information. It also means providing a local phone number and address – not a toll-free number or P.O box.

You also need to add that phone number and address to your website – preferably in the header or footer so that it shows up on every page. You should also add your location in your blog content. For instance, you might say, “learn about debt settlement options in Houston.” This ensures that Google – and your visitors – know where you are based, so you rank as a local business.

Social Media

Billions of the same people drowning in debt are constantly on social media. Utilizing social media marketing means getting a relevant ad in front of their faces. This will help draw in customers.

You should also have a business page on social media platforms, especially Facebook. Use this page to share your blog posts, add tips, engage with your audience, and get your clients to leave reviews.

Local Events

It’s also important to physically get out in your community and show people what you offer. You can do this in various venues with an enticing trade show booth. It gives you the opportunity to meet potential customers face to face, answer questions, and explain in detail how you can help them.

Running a successful debt settlement practice – or any business – requires two things. One is letting your customers know you exist and what you can do for them. The other is making it easy for them to find you. The tips above can help you do both.

Houston debt settlement lawyer – not registering in content

6 Tips to Attract More Customers to Your Retail Store

/in /by

StrategyDriven Managing Your Business Article | 6 Tips to Attract More Customers to Your Retail StoreOpening a retail store is one of the most rewarding experiences a business owner can have. Not only do you get to be your own boss, but you also get to control your own destiny. However, running a successful retail store is not always easy. In addition to having great products, you also need to have a steady stream of customers.

There are several things you can do to attract more customers to your retail store, and we’ll discuss them here. By learning these tips and putting them into action, you can bring more people through your doors and boost your bottom line.

1. Make Sure Your Store is Easy to Find

If potential customers can’t find your store, they’re not going to shop there. Make sure your store is easy to locate, both online and offline. If you have a brick-and-mortar store, make sure your sign is visible from the street. If you’re selling online, make sure your website is easy to navigate and that your products are easy to find. That way, when people are looking for what you’re selling, they’ll be able to find you.

2. Offer Attractive Sales and Discounts

One of the best ways to get people in the door is to offer them a deal they can’t refuse. Periodically offer sales and discounts on your products and services. You can also offer loyalty programs and other incentives to encourage customers to keep coming back. By offering deals, you’ll attract new customers and keep existing ones coming back for more. You can take advantage of options like foam board printing to showcase these deals in your store. Foam boards are an easy and effective way to grab attention and let customers know about your latest offers.

3. Make Your Store Inviting

Your store should be a place people want to spend time in. Make it inviting and comfortable, with a layout that makes sense. Use attractive displays to show off your products, and make sure the overall atmosphere of your store is clean and well-organized. By making your store a place people enjoy being, you’ll encourage them to stick around, and they may be inclined to purchase something. And the next time they’ll need a product you offer, they’ll think of your store first.

4. Train Your Staff to be Helpful and Friendly

Your staff is one of your greatest assets when it comes to attracting customers. Train them to be helpful and friendly, and make sure they’re always willing to go the extra mile. If your staff is rude or unhelpful, it will reflect badly on your store and discourage customers from coming back. But if they’re friendly and helpful, they’ll make a positive impression and make people want to shop at your store again.

5. Partner With Suitable Businesses

Teaming up with other businesses can help you attract more customers to your store. Look for businesses that complement your products and services, and see if there’s a way to partner with them. For example, if you sell pet supplies, you could partner with a local pet grooming business. You can refer customers to each other, and each business will benefit from the increased foot traffic.

6. Get Involved in the Community

One of the best ways to attract more customers is to get involved in the community. Sponsor a local sports team, participate in community events, or donate to a local charity. When people see that you’re involved in the community, they’ll be more likely to support your business. They’ll see you as a business that cares, and they’ll be more likely to shop with you.

These are just a few of the many ways you can attract more customers to your retail store. By following these tips, you can bring more people to your shop and boost your profits. So, what are you waiting for? Put these tips into action and start growing your business today!

How to execute an office relocation project?

/in /by

StrategyDriven Managing Your Business Article | How to execute an office relocation project? | EntrepreneurshipThe office relocation project is one of the major projects undertaken. The process includes a lot of complicated things to complete from moving big bulky furniture items to fragile electronic items and much more. Usually, the job requires a lot of time. If you don’t have any prior experience in moving then hiring the cheap moving companies is the only solution else you will end up either getting an injury or damaging your office belongings. But still, there are a lot of things that you have to do by yourself. If you are confused about completing this relocation then check out these tips to solve your confusion:

Start planning as soon as possible

Winging is not the term when you have decided to relocate your business therefore start the planning right now. You can’t control such a huge project if you don’t plan well ahead of time. Know everything like who will complete the certain tasks, make a to-do list and assign jobs. You should also decide on the flooring layout of your new office so you can get to know what you are taking along with you and what you need to buy from the market. Also, don’t forget to prepare your moving budget.

Keep your employees updated

A business move is not just all about you. It involves your employees too therefore it is important to keep them informed and updated about everything. You should also assign them tasks and should involve them in the relocation process. This will encourage the employees and they will find themselves worthy.

Search for the right moving company

Luckily there are a lot of legitimate moving organizations present out there to help you during the entire relocation process. Of course, in this project, you can’t keep your office shut for a long time as it will affect your business productivity which can lead to a big loss. Only a moving organization help you to focus on your real business and they will take off the entire burden of the process from your shoulders. You just have to ensure that you are dealing with the right organization with which you can get a great moving experience.

Categorize things to speed up the process

If you properly categorize things then this will make the process more efficient. Ask your employees to help you out and assign responsibilities to them according to their departments. This will make things more organized, systematic, and efficient and also you don’t need to supervise the entire process by yourself.

Transfer services

When you leave the job of moving and packing into the hands of your employees and moving professionals, now is time to focus on other important relocation tasks such as transferring the services such as internet service including utilities to your new office and also updating the address in all your documents. You should also inform all the important places about your new address. Update address to everywhere such as visiting cards, websites, email footer, at google My Business page, and in all the directories and where you find this is important to do according to your business type.

Moving IT department

Regardless of the fact whether your office has a small IT department or a large one, moving the department is one of the toughest jobs to do therefore hiring IT professionals to complete the job is great. Ask your moving organization ahead of time whether they complete this challenging and risky part.

Important tip: Do relocation during a down period

Not all the time is the same for all businesses, yes there is a peak time for every company and embarking on the relocation process at such times is a foolish decision you can ever make. Though there is no right or wrong time to do it but considering the business off, consider undertaking the process during the down period of your specific business type.

Wrapping it all up!!!

It has been said that moving house is one of the most stressful jobs to do but moving offices is more complex and stressful than this. Business owners find themselves scrambling, confused, and stressed during such times. Only the organization and the right planning can save you. Take every step carefully and make the relocation decision only when it is really required.