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Business Owners In Love – Investing Your Heart into Your Business


Let’s be honest, your business is your passion. It is your heart and soul, bread and butter. When it comes to investing, you aren’t just talking about money. Your time, your emotions, your blood, sweat and tears mix together to create this grand vision you hold in your heart. For that reason, there is no better reason to budget funds towards promoting and growing your business. 

February is the perfect time to talk about this, because what you have here is a love affair. If you are a business owner, you are in a serious relationship with your business, and you gotta treat her right. Take her to all the nice places (Instagram, Facebook, LinkedIN), and show her off (advertising). Buy her nice things (new equipment), and then let’s talk about living together…(office location!). Just as you would invest into a relationship, you invest into your business. 

As time goes on, it isn’t just about spoiling fawning all over your business, it’s about serious upkeep. It’s about supporting needs and building a future. Everything you invest into your business should be with a purpose that you are working towards future success. Here are a few investments you should make into your business to ensure lasting growth and happiness:

Business Structure

New and established businesses alike will both need to invest in a solid structure or restructure. This includes your business plan, financial and legal structure. If you don’t have enough experience to navigate these important concepts yourself, then looking into hiring someone knowledgeable and seasoned is a must. Don’t just throw your funds anywhere when it comes to these crucial decisions, but make certain to research and find people who are worth every penny. 

Marketing

One of the biggest ongoing spends of your business is on your marketing. The more your marketing campaigns run and you gather data, the more successful your marketing dollars will become and the larger amounts you will be able to invest into your evolved marketing. Making sure to have an adequate budget will guarantee that you build the proper foundation for a strong and effective marketing strategy. 

Staff & Training

As your business grows, so will the need for a dependable and solid staff. When it comes to choosing the people you trust to help you run different aspects of your business, you do not want to take these choices lightly. Take time to scout out good people with a strong work ethic. Invest in their training and continuously in their motivation to make sure these good employees are more than happy to stay around and grow endlessly with your business. They will be your lifeblood, so have the funds ready to treat them right. 

Environment

Where you work is incredibly important. It communicates to your customers, but it is also the place that you and your work team will spend most of your time. Consider how you can invest in your location to provide a comfortable, flexible and vibrant workspace that is designed to inspire your team. Choose furniture that will be durable and ergonomic. Within this concept, you should also be thinking about mental health. Providing healthy snacks, coffee, and even special events such as teambuilding activities, incentive lunches, reward programs and even yoga will play a part in keeping everyone in tip top brain-shape, ready to lead you into success!

Equipment

No one is going to get quality work done on an old, broken down computer, glitchy keyboard, or a broken chair. Make it a point to evaluate equipment and have the funds available to splurge on updated equipment when needed. It will make certain that work is flowing quickly and efficiently, without stress and frustration. Invest in the good stuff from the start and you will have less chances of it holding you up in the future. 

We Help You Get the Funds to Invest!

With the opportunities for small businesses booming, why wait another moment. What else is keeping you down? Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Success in 2020; Investing in Your Incentives

Invest in the Incentives Offered to Your Team

People need something to work towards. A paycheck isn’t always enough to keep the motivation flowing from your team. Find ways to invest in their mental well-being, reward good behavior and promote a positive workplace morale. The work environment is where we spend a large amount of our waking hours, so if retention is your goal, make sure it’s an environment that encourages your team to thrive and reach higher. 

Saying, “Hey Chuck, good job out there today!” with a pat on the back isn’t a bad way to encourage someone, but going a little further here and there will make it more exciting, memorable and overall expresses more appreciation. If you have trouble finding some creative ways to get the praise out, here are some great investment opportunities for your team:

1. Offer an “Idea Bounty”

Employees love bonuses, which can come in many forms. A wonderful concept for an incentive is for employees to propose a fully fleshed out idea (with processes) that would help improve the business. Fellow coworkers then vote on the concept. Once an idea is voted in, the founder approves it. Once implemented, the employee receives a $20 “idea bounty.”

To build this program into your company’s culture, you could create healthy competition by tracking how many “idea bounties” are awarded to a single employee within a certain period of time.

2. Switch Up the Workspace

Who wants to stare at the same walls, same interior design, for (potentially) years and years? There really is something to be said for workplace environment design, including the amount of light, the colors used, pictures on the walls, and even the desk spaces and seating. There are so many ways to invest into the workspace, from small upgrades to dingey equipment and furniture, to full on workplace make-overs. If you feel it’s getting a little tired in your workspace, maybe it’s time to look into ways to spice up the aesthetic and the morale. It may not be a direct incentive, but it will definitely create some fresh new excitement for your team. 

3. Recognize Large and Small Achievements

Too often, companies obsess over major accomplishments. Of course, celebrating big wins is important, but  tunnel vision on major accomplishments may detract from recognizing all the work that went into the smaller milestones along the way — milestones that were essential to making your big win happen. 

Your rewards program should be tiered, offering up praise, perks, and recognition throughout the lifecycle of a project, not just at the finish line. In this way, your employees will feel supported and motivated every step of the way, leading to a productivity boost.

4. Incentivize Teamwork

Teamwork amplifies each individual’s productivity, leading to greater business outcomes. Plus, strengthening relationships within and between departments improves collaboration, innovation, and communication throughout your company. A great rewards program should focus on engaging and rewarding team efforts. 

Your team-based rewards should be more substantial than individual rewards. Teamwork and collaboration take more time and project management skills, and you’ll want to establish a rewards system that can reward the entire group simultaneously. For example, if you assign a project to an engineering time and they tackle it in record time, consider rewarding them with a team outing to a location of their choice. Effective team-based rewards encourage and increase cooperation, engagement and employee productivity.

5. Refresh Your Rewards Frequently

Employees can quickly become bored with certain rewards, which can decrease the value of the reward over time. If you want employees to constantly strive for excellence, update your rewards often to create a sense of urgency with your employees. 

Rewards can be tied to performance data. Employees shouldn’t be comfortable achieving the bare minimum for a reward. As your business objectives change, benchmarks for rewards and recognition should also evolve. Rewards should always be incentivizing, not a “given” in the workplace. Refresh them often to ensure your employees are always excited about their rewards program.

6. Create Personalized and Specific Recognition

A personalized approach better engages employees in the recognition process. Recognition announcements and personal notes of appreciation are a vital part of building a productive workplace culture. When activities like this are vague or broad, the message becomes less genuine, and employees will pick up on that quickly.

7. Invest in Personal Development

One of the most valuable things you can do as a leader is to invest in the future of your talent. An upskilled workforce can drive value for your business, as well as establish trust and appreciation for top talent. 

This type of employee reward may be more expensive, but it can pay dividends over time. Sponsor certifications for your high performers or pay for entry to a valuable conference. You can even encourage employees to take online training courses and assist with providing resources to do so. The knowledge gained is invaluable to their career and will enhance the quality of their work.

Looking to Start a Business?

With the opportunities for small businesses booming, why wait another moment. What else is keeping you down? Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584