It’s an extremely exciting time when a startup begins to see real gains, and the instinct for some business owners is to build a safety nest, especially after the upward climb to get to that point. It makes sense to secure a net in case of unforeseen losses, but if the money you bring in can generate even more business, then that growth should help buffer any possible slumps as well as lessen their likelihood. Let your money work for you. What good is profit coming in if it’s just sitting there and not strengthening the investments you’ve already made? Take every opportunity to expand your reach through promotion or invest in efforts to increase efficiency and productivity. Consider also that rewarding staff and customers generates loyalty, or giving back to the community can build a strong local network and create wins for everyone.
If you look, you’ll find a number of ways to make your money make more money for you. When was the last time you reviewed your utility bills? Are there any appliances barely hanging on that would be worth recycling and replacing with something that saves electricity? Is it time to maybe think about making the move towards solar? Have you checked out those compact fans and heaters, they can put a dent in cooling and heating bills. What about printing, do you use enough ink to justify buying that laser printer on sale? Try to see where expenses are leaking out and make small investments to seal those gaps.
Are there any processes that can be automated to save payroll hours or manpower? Remember that money equals time and energy. If your team can spend less focus on monotonous tasks and give more attention to important projects and creativity, then you will see greater productivity and a boost in morale. Listen to your employees and ask them their input on what might streamline their workflow. Investing to save time and energy will only equate to bigger gains and even better days for the company as a whole.
A startup should have a fresh vibe and a beaming air of vitality; no business owner wants to feel a sense of stagnancy. Money flowing in and out is part of a greater cycle of balance, like the lungs of your business bringing in what it needs to produce all it can, in order to keep bringing in more. Money itself is a form of energy, which better functions actively maintaining and improving the system, than sitting passive while opportunities and maybe even responsibilities pass you by. So yes, saving for the future is smart, but wisely investing for the present is just as important to secure an abundant flow for tomorrow.
By September 2021, capital funding for startups in the US had gone up almost $100 Million dollars from just nine months before. The first three quarters saw record-breaking investments of $240 Billion, coming up from $166 Billion in 2020. This is according to data from venture capital database, Pitchbook.
An excited IPO market is experiencing super high startup valuations, bringing huge returns for entry investors. This encourages turn around investment in more bullish stocks. Non-traditional lenders like mutual funds, hedge funds, and private equity firms are entering the startup investment game with cash on hand to bump deal valuations higher. These mega-deals fuel the market gold rush to find the next big hit and get in on the ground before it takes off.
With more volume than ever before in the US stock market, many fear a burst to the bubble. When deals are made in a frenzy of competition, due diligence is sacrificed. Many of the high-value buy-ins could turn out long-term busts if company fundamentals are flawed. Investments are truly dependent on prospective demand. Many experts believe with the changes the world has quickly faced, these phenomena are just part of the new norm, and less relative to typical cycles.
Despite the potential downturns, combined with the complications of supply chains, and uncertainty of Covid variants, the one sector that seems to be immune is tech. With everyone working, shopping, and meeting from home, advancements in cyberspace continue to be in high demand. Remote work startups are seeing exponential growth, while enterprise software startups account for half of the venture capital funding last year.
With new spheres of willing investors, funding rounds are reaching new heights, bringing astounding valuations. In 2021, 373 startups were valued at $1 Billion or more. Time will tell the outcome of those ultra lucrative flash sales, but for inspiring entrepreneurs, what used to be considered pipe dreams can now be turned into a logical plan, and those wild stories of success are becoming all the more realistic.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
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
Crowdfunding is the revolutionary tool that connects entrepreneurs with a vast pool of non-traditional small-dollar investors, and then makes use of their social media networks. In the past startups could only seek funding from relatives, banks, and venture capitalists, or sometimes through winning a small grant. Now with crowdfunding websites, creatives can maintain control of their vision and easily receive funding through donation, which doesn’t need to be paid back as long as goals are met.
The most common Crowdfunding sites are Kickstarter, GoFundMe, and Indiegogo, who allow investors access to thousands of projects and they can give as little as $10. Patreon lets patrons subscribe for monthly contributions as low as $1. Campaigners often offer incentives and rewards to backers like first edition products before they’re released, or gifts made especially for sponsors. Some ventures even offer equity depending on the type of business. Crowdfunding allows anyone to support a product or project they want to succeed and links early-stage makers with capital they very much need.
Because anyone can invest, no matter how experienced or knowledgeable they are about investing, the SEC regulates equity-based crowdfunding in the US, and restrictions are in place for how much anyone can contribute to any new business. As startups can be such a risky investment and this provides protection for new investors who may not be able to afford a great loss.
Almost any project can start a crowdfunding campaign from the most innovative in tech, gaming, and the virtual world, to artists, writers, musicians, and any kind of crafter. Crowdfunding is also most commonly used for those who have suffered some tragedy or unexpected loss due to, for example, a natural disaster or expensive medical bills and treatments. When friends, family, or new sponsors donate to a cause or support someone’s work, they tend to share the info on their social media pages, which allows for exponential exposure many times over.
The crowdfunding sites operate by taking a percentage of funds raised. Campaigners can generate far more than the amount they pitch but on some platforms, like Kickstarter, the target must be met in order to collect any funds. Indiegogo allows backers to choose a fixed or flexible model. Campaigns can receive funds pro-rata, or wait until they’ve reached their goal. Flexible funding is typically most beneficial to the startup as they have the funds as they are given, but is less secure for the investor who could lose everything if the company fails.
The main downsides to crowdfunding are that you may not get any funding at the end of the campaign and possibly pay platform fees if the goal is not met, depending on the site. Depending on your type of venture, some could claim you “resorted,” to crowdfunding, which could be less socially acceptable for an established business than for an early-stage startup. Each crowdfunding platform will have its own rules and fees that must be abided, along with SEC and local jurisdictions. If pursued diligently, the potential benefits to getting crowdfunded far outweigh the possible negatives.
Crowdfunding exposes you to investors you would never have access to otherwise, as well as qualify for funds that were just unreachable before this type of framework. Grassroots fundraising that comes with built-in marketing and the constant gauge of customer opinion is possibly the most efficient way to rocket a business to the next level, while maintaining its integrity as an independent. It also adds the notion of philanthropy and altruism to an almost entirely cutthroat world, giving more control to the masses over what types of products and services we want to see produced. In a way, it lets us “be the change we want to see in the world,” even in the often unfriendly realms of capitalism. But for the small-scale entrepreneur, crowdfunding can be the elusive bridge between massive success and making it at all.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
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
It is true that many startups find success without the need for outside funding, but lack of capital is also the easiest way for a business to fail. With unprecedented opportunities for entrepreneurs to gain support it may be time to reconsider if you’re trying to go it alone. Venture capital is booming and investors are actively seeking the next big idea, especially in tech sectors. Angel investments and crowdfunding are also new avenues that have never been available to small businesses in the past. If your mission is taking too long to come to fruition, ask yourself if it’s only money that’s stopping you. Here’s a take on how getting funded will let you develop your ideas and turn your plans into reality.
Give yourself a solid foundation. Especially true if you have a physical product to manufacture, but with any kind of product it must become tangible, and once it is you’ll need room to grow. You’ll need a solid team, and want to attract qualified experts. You’ll also be thinking about production costs, equipment, operation costs, maintenance, and after all that you’ll need to market your goods. An imbalance in any one of these areas can be detrimental, and having a safety net those first few years can greatly reduce risk of failure and the worry associated with it.
When buyers are exposed to seemingly infinite choices in the market, it’s realistic to see large amounts of overhead going to promotions and advertising. Some businesses seek money solely for that purpose. Having investments made in your company acts as testimony of a quality product to future customers, and shows potential for longevity and growth to other investors.
Another bonus to having an investor, beyond funding, is possible access to their network of companies they do business with. Their success relies on the success of their investments so helping connect you with the best deals on any given thing is in their interest.
It’s perfectly honorable to want to remain a small business and maintain full control; the world will hopefully always appreciate “mom and pop’s.” You may even find grassroots funding, while still remaining in command, likely through crowd platforms. But to truly take your startup to the next level and make a prominent name in your field, it can happen with relatively lightning speed, at a smooth pace, or there’s the long route full of uncertainty. In today’s interconnected world, trying to fly solo can sometimes be a waste of valuable resources, including time, peace of mind, and unknown opportunities.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
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
As a start up, maintaining a loyal client base is key to business longevity so you want a good strategy to keep your patrons returning.
Having a top quality product or service that sells itself is primary but excellent customer service is just as important. Build relationships with your clients, whether it’s remembering their name and their preferences or perhaps cross-promoting with their businesses, having a personal connection with your clientele will guarantee their long-term return. Additionally, sharing networks is a prime way to gain new business and establish a reputation in the community.
Having a generous customer rewards program, and incentives for new customers, will attract new and repeat business. Run special promotions or contests online, and engage your followers with social media content. Share knowledge and information related to your field, and keep your base updated on new products and services.
Referral programs generate word of mouth advertising, as there is nothing like a personal reference of someone you know. New customers will feel like they’ve signed on with a name they can trust and existing customers feel appreciated with each new bonus.
Patrons might support you again if they feel they are helping a cause. Consider donating a portion of proceeds to a charity or non-profit and clients might be inspired to return, knowing they are helping something bigger. Also sponsoring local events and organizations is another way to expand your presence while helping others in the process.
Engaging your base, providing personalized service, having a quick response rate, and offering a consistently positive customer experience are guaranteed ways of getting your customers to want to support you in the future. Keep active in your local communities and on social media, and give back to your base when possible and your business is sure to grow strong for years to come.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
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
