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BEST OPTIONS FOR VIRTUAL MAILBOX SERVICES FOR TRAVELERS TO CHOOSE FROM

BEST OPTIONS FOR VIRTUAL MAILBOX SERVICES FOR TRAVELERS TO CHOOSE FROM

If you’ve ever wondered how to receive postal mail while you are traveling, you’ve come to the right place.  Whether or not you have a permanent address, if you’re a business owner that needs access to mail on the go, or if you are just constantly on the move, you know how important it is to have immediate access to your mail.  That’s where virtual mailbox services can come in handy.  Below I’m going to give you a brief rundown of how a virtual mailbox service works as well as a comparison of the best virtual mailbox services.   How Virtual Mailbox Services Really Work:   After some set up, […]

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17 Questions You Should Ask When Seeking an Alternative Lender

17 Questions You Should Ask When Seeking an Alternative Lender

Getting your business funded can be tough if you aren’t bringing in millions each month.  Lucky for small business owners, times are changing though.  It’s getting easier. If you are thinking about using an alternative lender to get some funds for your business, there are a lot of considerations you’ll need to make as well as questions you need to ask.  Questions not only for your potential lenders but also for yourself. Here are some tips and things you’ll need to help navigate the process of finding an alternative lender for your small business. What Type of Lender is Best for me? The first thing that needs to be considered […]

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Alternative Lending 2016 & Beyond

Alternative Lending 2016 & Beyond

Up until recently, big banks have steered clear of small business lending.  This is largely due to the financial meltdown of 2008 as well as increased regulations.  It just doesn’t pay to underwrite a small loan for a small business at the same cost on the front end as underwriting a big loan for a big business.  Especially when only the bigger loans can generate enough profit to even be worth the hassle.  So big banks bailed on the little guys because they needed to squeeze as much profit as they could out of loan ventures. Unfortunately for small businesses, just because banks are bailing on them doesn’t mean they […]

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Short-Term Business Loans: Quick Cash When You Need It

Short-Term Business Loans: Quick Cash When You Need It

So, imagine this.  You own a busy retail store.  The holiday season is around the corner and you discover enormous water damage in your ceiling, and it’s leaking.  Or, you are presented with a golden opportunity to cash in on a bulk deal from a manufacturer that has tremendous value.   Unfortunately, you don’t have enough cash on hand to fix that leaky ceiling or capitalize on that great opportunity.  Well, this is where a short-term business loan can help.  Short-term business loans get you the money you need now and allow you to repay it over a short period of time with the profits you make. These loans typically come […]

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11 Traits of a Dedicated Salesperson

11 Traits of a Dedicated Salesperson

The Young Entrepreneur Council recently asked one question to eleven entrepreneurs, what do they look for first in a salesperson? Here’s what they found:   Mentality of a Hunter –Alex Lorton of Cater2.me   A person who is always ready to make new contacts and gather information. Someone who is excited about making deals with “the big fish”.  These are the ones who will go that extra mile to get the job done exceptionally.  This mentality shows through to the customer, and it earns their respect.   Disciplined –Lawrence Watkins of Great Black Speakers   A salesperson can learn by doing the job, gaining experience and learning the field; however, the […]

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5 Hiring Strategies You Must Utilize for Your Small Business

5 Hiring Strategies You Must Utilize for Your Small Business

Many small businesses struggle with our unsavory economy on a daily basis.  Budget problems arise, and they can be complex.  A lot of business owners are finding banks can’t be there for them, and are seeking alternative lending and lines of credit so that they can grow, or at least stay afloat. There are many problems that face small business in this day and age.  Between inability to maintain a consistent customer base, or inability to set their business apart from their many competitors, businesses are just having a much harder being special.  That’s why I believe having an exceptional hiring process is one of the best ways to set […]

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Banks Approving Less & Less Loans for Small Business

Banks Approving Less & Less Loans for Small Business

  Before the financial crisis of 2007-08 and a global economic collapse, banks and other institutions consolidated, and the industry shrunk.  Before this time, small businesses had personal relationships with their local banks. Today, most banks are multi-national entities that don’t see enough profit margin in risking lending out any money on small business loans.  In fact, the number of loans issued by 10 of the largest banks in the United States has decreased by almost 40 percent.  From $44.7 billion in 2014 compared to $72.5 billion in 2006, one year before the financial crisis hit. The need for loans by small businesses coupled with the reluctance of large banks […]

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10 CRM Systems You Need to Know About

10 CRM Systems You Need to Know About

  If you are thinking of getting a Customer Relationship Management (CRM) system?  I’ve got here a list of 10 popular and affordable CRMs to talk about.  Given their features and functionality, these programs are great tools for small and medium sized companies to utilize.  Let’s get started:   Salesforce.com is the most well-known of these applications.  The company is basically responsible for inventing cloud-based CRM and continues to promote its growth.  Salesforce.com offers sales, marketing, and service management capabilities to its small and large customers alike.   The application can range in price from $60 to $125 per month per user for the corporate version.  (prices vary depending on the […]

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Big Banks and Alternative Lenders Are Beginning to Work Together

Big Banks and Alternative Lenders Are Beginning to Work Together

There has been this notion floating around that traditional business lending is dying and alternative lenders are taking over. Banks are only profitable if they loan out $250,000 or more. All the space underneath that mark, small businesses are hard pressed to be approved. That’s where alternative lenders have been flourishing. Truth is, banks and alternative lenders are beginning to work together based upon the mutual belief that all small businesses have the right to access capital. Just not all on the same terms. There are some great advantages to this evolution in the world of small business lending. For banks, the cost of capital is significantly lower, which is […]

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Give Your Retail Business the Gift of Success This Holiday Season!!

Give Your Retail Business the Gift of Success This Holiday Season!!

  Whenever the holidays roll around, retailers have a difficult time anticipating their working capital requirements for Holiday merchandise.   Retail business around this time of year can become a tricky thing. It’s not just a matter of considering how much extra cash to allocate to merchandise. Retailers have to consider in-store and outdoor decoration, promotional materials and more. Often times an item will become hot with the customers and increase in demand. Thus, causing supply to drop everywhere and creating an ‘only the strongest will survive’ atmosphere.   The retailers with the right amount of working capital will be the ones who can resupply the fastest, taking home all the spoils […]

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