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Hustle it up: Getting Motivated as a Business Owner Part 2

These are the days that test our patience. These are the days that push us to our limits. As business owners, it is an even crazier world, challenging us at every turn. So when the going gets tough, how do you pump yourself up? How do you motivate yourself to push through and achieve your goals? As a continuation of the blog we began earlier this month, we are helping to guide you along the path of more great ways to make sure you are moving forward, step by step. All you need is a little motivation. 

6. Set rewards.

We are naturally wired to react to incentives, so be prepared to reward yourself for accomplishing a goal or maintaining a habit. Just like in business, you should recognize and reward small victories along the way to long-term, broader goals. 

7. Engage friends.

Sometimes the best motivation comes from peer pressure. Engage your friends and colleagues to help motivate you both toward individual and shared goals. Consider mobile apps that make the engagement fun, such as Make Me, ChallengedApp, KlashApp or simply text your challenge to your partner.

8. Indulge in inspirational activities.

Sometimes, you just need to look outside your circle for motivation. When this happens, re-match a movie that you found inspiring. During your lunch break, watch a TED talk. Or listen to an inspirational podcast during your commute, on your daily walk or while you are enjoying your personal time alone.

9. Stay positive.

There is no one-size-fits all answer to what makes people happy, with definitions, theories and opinions abound. For me, I have a simple mantra that I turn to when I need a boost. It is simply, “Choose happy.” By saying that phrase and mustering up an authentic smile, I find my mood and motivation is elevated exponentially.

10. Sleep.

Finally, never underestimate the value of a good night sleep for personal motivation. After years of experience and self experimenting, I have found that, with few exceptions, no unfinished task or missed goal is worth the misery that comes with losing sleep over it. More important, with a fresh night of rest, these tasks and goals become infinitely easier to finish the following day.

What other ways do you stay motivated as an entrepreneur? Each person is unique, so we want to hear what works best for you. 

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

Business Leadership in COVID

Companies are in different phases of dealing with the outbreak, and therefore the impacts vary by geography and sector. But regardless of the extent of the virus’s impact on an organization, we believe there are five fundamental qualities of resilient leadership that distinguish successful CEOs as they guide their enterprises through the Covid-19 crisis:

Design from the heart and the mind. Resilient leaders are genuinely, sincerely empathetic, walking compassionately in the shoes of employees, customers, and their broader ecosystems. Yet resilient leaders must simultaneously take a hard, rational line to protect financial performance from the invariable softness that accompanies such disruptions.

Put the mission first. Resilient leaders are skilled at triage, able to stabilize their organizations to meet the crisis at hand while finding opportunities amid difficult constraints.

Aim for speed over elegance. Resilient leaders take decisive action—with courage— based on imperfect information, knowing that expediency is essential.

Own the narrative. Resilient leaders seize the narrative at the outset, being transparent about current realities—including what they don’t know—while also painting a compelling picture of the future that inspires others to persevere.

Embrace the long view. Resilient leaders stay focused on the horizon, anticipating the new business models that are likely to emerge and sparking the innovations that will define tomorrow.

A typical crisis plays out over three time frames: respond, in which a company deals with the present situation and manages continuity; recover, during which a company learns and emerges stronger; and thrive, where the company prepares for and shapes the “next normal.” CEOs have the substantial and added responsibility to nimbly consider all three time frames concurrently and allocate resources accordingly.

Within the framework of these broad imperatives, resilient leaders can take specific tactical steps to elevate these qualities during the current crisis, blunting its impact and helping their organizations emerge stronger. With the right approach, this crisis can become an opportunity to move forward and create even more value and positive societal impact, rather than just bounce back to the status quo.

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

Understanding Credit Score Differences

Our credit scores are calculated by different credit bureaus, but confusions arise among borrowers when three different bureaus show three different scores. That is mainly because these various systems are using different scales to measure your credit scores. As a general rule, credit scores fall between 500 and 850. Good credit scores are considered those that are above 700.

There are different factors that have an impact on your credit scores, some of which include:

  • Total debt
  • Public records
  • Type, and number of accounts
  • Number and the extent of late payments
  • New Credit
  • Length of credit history
  • Amounts owed

History:

According to Public broadcasting service, the standard credit score system (FICO) was developed in 1989 by Fair Isaac Corporation. This system assigns point to the borrower based on the features that affect the credit. The total number of points will then decide the creditworthiness of a person or a business. This would then help people in acquiring loans to start a business or to get personal unsecured loans. The credit score is also a great way of understanding where a person or a business stands, financially – it determines their creditworthiness.

Following are the reasons behind your encounter with different credit scores by different bureaus:

  • It doesn’t take long for scores to change; therefore your credit score this month, and for next month, is likely to be different.
  • When different scoring models are used, you get varying credit reports.
  • Another reason the scores vary among different bureaus is because, all or some of them, hold incomplete credit report information. Lenders send information regarding loans to the bureaus. The bureaus, based on this report, calculate credit scores.

It’s imperative that you always keep your credit scores high. A good credit score will allow you to be successful in your business and be able to have access to borrowing.

You need to buy machinery for your business? You can get a loan within days at low interest rates. You need to buy a car because your family is getting big? You can get the loan at rates as low as 6.58%.

If you are looking for lenders, contact us or visit our website and have access to more than 400 lenders with no pre-payment penalties, no annual fees, no upfront fees and no collateral.

Borrowing That Can Improve Your Credit Score

Startup BusinessA credit score is what makes the lenders decide whether or not a business is suitable for lending. It is calculated based on the business’s credit reports.

The credit score of your company, and the risk it represents, are inversely proportional to each other. A higher credit score means low risk and vice versa.

According to Consumer Finance your recent credit activity, among others, make up a typical credit score. So if you are looking for a loan to start your business, you may as well hit two birds with one stone and increase your credit score while you’re at it. Here’s how borrowing can help you:

Unsecured Loans

When you are starting a business, you’ll undoubtedly look for unsecured lenders. This means, the lender is funding you on the sole basis of your credit history. Credit bureaus consider unsecured loans better for credit. With no collateral being put up in the exchange, your business will have a higher asset to debt ratio.

Credit Lines

Credit lines refer to the additional amount that your creditor had made available to you, in case your business needs emergency funds. The trick to keeping your score high is to use only a small portion of the credit available. If the card is worth of $50,000 and you use $40,000, your score will drop considerably. Making regular payments and consuming smaller amounts is the gateway to a high credit score.

Loan on Installment

Installment loans have a major impact on our credit scores. If your credit score is preventing you from getting the interest rate that you want, you may be able to improve your score by adding installment loans to your mix of credit. Installment credits have a higher limit as compared to other kinds of loans, hence, if you take out an installment loan and use these proceeds to pay for credit cards, it might make a considerable difference in your score and enable you to get the interest rate you have been vying for.

Looking for a way to increase your credit score? Contact us at Unsecured Finances. With more than 400 lenders, your business can choose a method best suited to your business needs, and at the lowest rates possible.

Why You Need To Improve Your Credit Score

A credit score is a three digit number calculated on the basis of your payment history, currently owned loans, longevity of a loan, types of credit and your search for new credit.

A credit score is basically a quantitative result of your credit report – a summary of how high or low you’ve tested in your financial obligations.

It’s imperative to keep an eye on your credit scores since it is one of the most important features that allow us to borrow money when we need it the most and it’s always good to be prepared for the worst.

According to Forbes, people are more embarrassed to reveal their credit score than their weight. Why is that? Keeping good credit score will proof beneficial for your business and your personal life in the long run. Following are the reasons for keeping good score on your report:

  1. A good credit score means good interest rates, because the higher the score the more worthy you are of the loan. Lenders will provide you with better – lower – interest rates on the financing. That way, the total cost of borrowing will be substantially less than what it would have been, in case of a low credit score. So if you were planning to get loan to start a business

    loan
    loan

    , this might be the perfect opportunity for you.

  2. A higher credit score places you in a better position to acquire unsecured personal loans to fulfill your personal goals such as getting a new car or buying a new house for yourself; which in the case of a bad score would have been near impossible.
  3. Improving credit scores can save you not hundreds, but thousands of dollars, in interest on your loans because good credit score means lower interest rates.
  4. Poor credit scores make it near impossible to get an approval for it, which is a major disadvantage for business owners who might need cash urgently to make some investments.

One of the prime methods to make a huge impact on your credit score is through borrowing unsecured loans. What will make it even better is by getting it at the lowest rates in the market.

Good credit score or not, we at Unsecured Finances can give you access to capital of up to 250,000 and within 7 business days.. No matter in which state you are, give us a call at 1-888-294-2584 and we’ll be at your service.

No Doc Loans Santa Fe New Mexico

Are you a small business owner in Santa Fe New Mexico that is having difficulties getting approved for a loan?

Our specialty is what is called a “no doc loan”. It is a type of loan where the file is underwritten using the gross income of the business, and not the net income. So if you generate a lot of revenue, but most of it is written off, leaving you with little net profits, it isn’t a problem for us!

We understand that new businesses, or businesses making large renovations and changes, typically re-invest most of their income back into their business. This leaves you with little net profit at the end of the year, and makes it harder for you to get a loan.

Typically, when people have high monthly cash flow, but low adjusted net income at the end of the year, they are forced to get what is called a “factoring loan” or an “account receivable loan”. They have to show 6 months of bank statements and the bank gives them a loan based on that. The problem with this is that if you borrow $25,000, you will pay back $37,000 after 6 months. The interest rates these companies charge is sky high! Once the 6 month loan is paid off, then you have to do it again.

Our program is a stated No Doc program, so if you told me you made $100k or $200k last year, then that is the number underwriters will use. By using your yearly income to qualify you for a loan, you will get more money and much cheaper rates. The difference between us and factoring companies is that our rates are low, our terms are long, and we have no pre-payment penalties. They do! Our loans are simple interest, meaning they don’t change and your payment is once a month, not once a day like a factoring company.

So if you are having troubles getting a loan, please contact us! We would love to speak with you and will do our very best to get you a loan you are happy with! Fill out the form to your right, and one of our representatives will get back with you soon.

No Doc Loans Enchanted Hills New Mexico

Are you a small business owner in Enchanted Hills New Mexico that is having difficulties getting approved for a loan?

Our specialty is what is called a “no doc loan”. It is a type of loan where the file is underwritten using the gross income of the business, and not the net income. So if you generate a lot of revenue, but most of it is written off, leaving you with little net profits, it isn’t a problem for us!

We understand that new businesses, or businesses making large renovations and changes, typically re-invest most of their income back into their business. This leaves you with little net profit at the end of the year, and makes it harder for you to get a loan.

Typically, when people have high monthly cash flow, but low adjusted net income at the end of the year, they are forced to get what is called a “factoring loan” or an “account receivable loan”. They have to show 6 months of bank statements and the bank gives them a loan based on that. The problem with this is that if you borrow $25,000, you will pay back $37,000 after 6 months. The interest rates these companies charge is sky high! Once the 6 month loan is paid off, then you have to do it again.

Our program is a stated No Doc program, so if you told me you made $100k or $200k last year, then that is the number underwriters will use. By using your yearly income to qualify you for a loan, you will get more money and much cheaper rates. The difference between us and factoring companies is that our rates are low, our terms are long, and we have no pre-payment penalties. They do! Our loans are simple interest, meaning they don’t change and your payment is once a month, not once a day like a factoring company.

So if you are having troubles getting a loan, please contact us! We would love to speak with you and will do our very best to get you a loan you are happy with! Fill out the form to your right, and one of our representatives will get back with you soon.

No Doc Loans Rio Rancho New Mexico

Are you a small business owner in Rio Rancho New Mexico that is having difficulties getting approved for a loan?

Our specialty is what is called a “no doc loan”. It is a type of loan where the file is underwritten using the gross income of the business, and not the net income. So if you generate a lot of revenue, but most of it is written off, leaving you with little net profits, it isn’t a problem for us!

We understand that new businesses, or businesses making large renovations and changes, typically re-invest most of their income back into their business. This leaves you with little net profit at the end of the year, and makes it harder for you to get a loan.

Typically, when people have high monthly cash flow, but low adjusted net income at the end of the year, they are forced to get what is called a “factoring loan” or an “account receivable loan”. They have to show 6 months of bank statements and the bank gives them a loan based on that. The problem with this is that if you borrow $25,000, you will pay back $37,000 after 6 months. The interest rates these companies charge is sky high! Once the 6 month loan is paid off, then you have to do it again.

Our program is a stated No Doc program, so if you told me you made $100k or $200k last year, then that is the number underwriters will use. By using your yearly income to qualify you for a loan, you will get more money and much cheaper rates. The difference between us and factoring companies is that our rates are low, our terms are long, and we have no pre-payment penalties. They do! Our loans are simple interest, meaning they don’t change and your payment is once a month, not once a day like a factoring company.

So if you are having troubles getting a loan, please contact us! We would love to speak with you and will do our very best to get you a loan you are happy with! Fill out the form to your right, and one of our representatives will get back with you soon.

No Doc Loans Las Cruces New Mexico

Are you a small business owner in Las Cruces New Mexico that is having difficulties getting approved for a loan?

Our specialty is what is called a “no doc loan”. It is a type of loan where the file is underwritten using the gross income of the business, and not the net income. So if you generate a lot of revenue, but most of it is written off, leaving you with little net profits, it isn’t a problem for us!

We understand that new businesses, or businesses making large renovations and changes, typically re-invest most of their income back into their business. This leaves you with little net profit at the end of the year, and makes it harder for you to get a loan.

Typically, when people have high monthly cash flow, but low adjusted net income at the end of the year, they are forced to get what is called a “factoring loan” or an “account receivable loan”. They have to show 6 months of bank statements and the bank gives them a loan based on that. The problem with this is that if you borrow $25,000, you will pay back $37,000 after 6 months. The interest rates these companies charge is sky high! Once the 6 month loan is paid off, then you have to do it again.

Our program is a stated No Doc program, so if you told me you made $100k or $200k last year, then that is the number underwriters will use. By using your yearly income to qualify you for a loan, you will get more money and much cheaper rates. The difference between us and factoring companies is that our rates are low, our terms are long, and we have no pre-payment penalties. They do! Our loans are simple interest, meaning they don’t change and your payment is once a month, not once a day like a factoring company.

So if you are having troubles getting a loan, please contact us! We would love to speak with you and will do our very best to get you a loan you are happy with! Fill out the form to your right, and one of our representatives will get back with you soon.

No Doc Loans Albuquerque New Mexico

Are you a small business owner in Albuquerque New Mexico that is having difficulties getting approved for a loan?

Our specialty is what is called a “no doc loan”. It is a type of loan where the file is underwritten using the gross income of the business, and not the net income. So if you generate a lot of revenue, but most of it is written off, leaving you with little net profits, it isn’t a problem for us!

We understand that new businesses, or businesses making large renovations and changes, typically re-invest most of their income back into their business. This leaves you with little net profit at the end of the year, and makes it harder for you to get a loan.

Typically, when people have high monthly cash flow, but low adjusted net income at the end of the year, they are forced to get what is called a “factoring loan” or an “account receivable loan”. They have to show 6 months of bank statements and the bank gives them a loan based on that. The problem with this is that if you borrow $25,000, you will pay back $37,000 after 6 months. The interest rates these companies charge is sky high! Once the 6 month loan is paid off, then you have to do it again.

Our program is a stated No Doc program, so if you told me you made $100k or $200k last year, then that is the number underwriters will use. By using your yearly income to qualify you for a loan, you will get more money and much cheaper rates. The difference between us and factoring companies is that our rates are low, our terms are long, and we have no pre-payment penalties. They do! Our loans are simple interest, meaning they don’t change and your payment is once a month, not once a day like a factoring company.

So if you are having troubles getting a loan, please contact us! We would love to speak with you and will do our very best to get you a loan you are happy with! Fill out the form to your right, and one of our representatives will get back with you soon.