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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

Success in 2020; Investing in Your Business

You’ve heard of those business owners who save the first dollar they ever received from their first sale? Why do you think it is that this has been a common practice among business owners? It’s because it serves as a symbol for the difficulty and pure joy that comes from building a business. But, after you earn that first dollar, what next? Where does that money go? We firmly believe that investing back into your business is the best strategy to grow quickly and steadily. You may be wondering how you could make this happen, so we have a few tips and suggestions.

1. Business improvement

Most startups spend their initial profits in reinvesting, and your company should be no exception. The key to reinvesting is to have a sound strategy, not to necessarily devote a certain percentage of your profits. Your reinvestment efforts should be in line with your current strategic plan.

Most business owners choose to reinvest their profits in business improvements – for example, infrastructure, equipment, streamlining business processes, or finding ways to improve the customer experience. These are all valuable strategies because they can increase your profits in the long run, allowing you to expand business operations.

1. Develop Your Marketing

You have this amazing product or service that your business offers, but how can anyone know about it if you are not putting it out there? Marketing is the art of putting your products and services out into the world, in front of the eyes that need it most. Marketing is always a smart investment of profit, when it’s done well. Many of the startups we’ve seen over the years wait several months before they do any real investment into marketing. Sometimes it’s because they just don’t know where to start. You can’t lose by investing in performance metrics. Always keep track of your campaigns and adjust them accordingly. If you have little experience with marketing, consider outsourcing to an agency.

2. Evolving Your Team

Maybe you’re starting off as a 1 Man/Woman Army, trying to get everything done yourself. If it hasn’t happened already, you will run into tasks that eat up your time and mental wellbeing, things that could be handled by hiring staff. This is a fantastic use of your funds. If you already have a team in place, consider how you can reward and motivate them. Your team helps to carry the productivity along and work towards success, so you want to make sure they feel valued. Incentives for hard work, team building activities, special lunches and coaching are great uses of your investment funds. The better your team is prepared and motivated, the faster your business will reach success!

3. Improve Your Business Savvy

Find ways that you can improve yourself in subject matter expertise. For example, many startups are spearheaded by people with a good eye for innovation but who don’t necessarily know how to manage people. This is actually one of the most common criticisms founders face. Classes on management or basic business operations can be invaluable for people who don’t come from a formal business background. If you feel that you already have a pretty good business management education, think outside the box and learn about your industry. Data keeps on coming in, so why not try your best to stay on top of if?

4. Creating a Cash Buffer

New businesses especially forget to create a buffer. With all the excitement and expense of starting a new business, it just gets lost in the shuffle. While reinvesting in your business is great (and necessary), make sure you’re sitting on enough cash to handle problems that may arise. While your business insurance policies will cover the disasters and catastrophes, it’s always advisable to have liquidity available for when you really need it.

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

Success in 2020; Investing in Your Team

Investing in your team is an important part of creating an engaged workforce and an effective way of reducing turnover for your business. It is important to understand that an investment in your team can range from personal development to financial incentives, to activities that bring ‘happiness’. The ultimate aim is that you need to show genuine care towards your employees, and in return, they will take care of your business. Firstly, you must invest in their personal and professional development. Typically you will see a positive correlation between personal and professional progress. 

The fact is, if you’re not investing in your people, you’re not investing in the future of your business. Investing in your employees is an important part of creating an engaged workforce and an effective way of reducing turnover for your business. Start using these tips to invest in your staff and reduce employee turnover before it takes a turn on your profits (and your workplace culture). Once you create your strategy for investing in your workforce, we can help your business get the financial structure you need to get the ball rolling. 

1. Development ; Personal & Professional

The reality is, many people feel disconnected and disengaged at work, and a big part of that is due to a lack of challenges and development. When workers feel like they’re stagnating or heading towards a dead-end, your employees will undoubtedly look for employment opportunities elsewhere.

So, how can you invest in your team’s personal and professional development and ensure this doesn’t happen? One idea to consider is something called an Individual Development Plan (IDP). An IDP is a fantastic tool to help employees set and reach both short- and long-term goals. IDPs empower individuals to ask themselves, “Where am I now, where do I want to be, and how will I get there?”

To really get the most out of each IDP, managers and their direct reports need to conduct some type of monthly check-in. If you aren’t helping your employees consistently track against their goals, then they won’t make any real progress. Schedule a monthly chat to help them hold themselves accountable to their goals and give them direction on how to make continued improvements to achieve them.

2. Quick Integration of New Hires

More than half of all employees who quit voluntarily do so within their first year. One of the top reasons? Lack of engagement. While your instinct may be to get new employees working as quickly as possible, it’s important for them to feel plugged into their job from day one. Getting new hires comfortable with their roles and responsibilities before the actual work begins can go a long way in reducing employee turnover. The next time you hire a new employee, make sure they receive:

  • Clear First Day Agenda
  • Business Values Overview
  • Insight into Their Contribution to the Big Picture
  • Initial Expectations for Their Role
  • Opportunity for Feedback and Questions
  • Meet & Greet with Coworkers

3. Work/Life Balance as a Priority 

Building a business doesn’t leave much time for sleep, but don’t forget that your employees’ performance directly impacts your success. They’re often the public face of your work, interacting with customers and doing the day-to-day tasks to keep things running smoothly. You can’t afford to burn them out.

If you keep asking more from employees than they’re physically able to give or expect them to sacrifice more than they expected or want to, they won’t stick around for long. Do your best to avoid scheduling long shifts back to back or asking them to work regular overtime. Be flexible when they request time off. Your business may be your life, but the people working for you have their own lives outside of work as well.

4. Team Building Activities

While you obviously can’t force friendships in the workplace, there are ways you can foster them. Events like scavenger hunts or playing team sports are some great ways to get everyone working together. They both get people into groups and require people to work together to achieve a common goal (just like your business). You might also want to consider doing a yearly team offsite. Offsites give your team a chance to step away from the day-to-day work and build camaraderie. Plus they’re a ton of fun and can give your team something special to look forward to each year.

5. Competitive Compensation

You aren’t the only one concerned about your bottom line. Nearly 90 percent of working Americans are worried about finances. Paying minimum wage won’t be enough to attract the most qualified job applicants or convince your best employees to stay.

Check out Payscale and Glassdoor for average pay ranges based on role, industry, and location. And remember: compensation includes more than just hourly pay. You may not be able to give everyone a raise, but you may be able to add in benefits like extra paid time off, more flexible work options, or an employee stock option program (ESOP).

Note: Reevaluate pay at least once a year. Once you know where you stand as far as employee compensation, set a reminder to check back in annually. More than 1 in 3 employees will look for a new job if they don’t receive a raise, and almost half expect a raise in the next year. If you aren’t compensating your employees competitively, someone else will.

6. Perks & Benefits

When it comes to perks and benefits for your employees, there is no magic bullet. In order for your perks to be effective in keeping your employees happy, they need to be tailored to their specific needs and desires.

For example, if your team works around the clock and regularly puts in overtime, a service like car washes and dry cleaning would help them save time in their personal lives. If you have several members of your staff with young children, consider childcare services. You can also offer a stipend that goes towards things like books, conferences, and courses that are related to personal or professional development.

Another perk that most employees can rally around is free food. A survey conducted by Peapod found that 67% of full-time employees with access to free food at work reported being “very” or “extremely” happy at their current job. 

7. Healthier Work Environment

Researchers from Harvard found that medical costs decrease by about $3.27 for every dollar spent on wellness programs. In addition, absenteeism costs are reduced by about $2.73 for every dollar spent on wellness.

When you also consider that 87% of employees consider health and wellness offerings when they choose an employer, it’s obvious that focusing on health at work is important to both the employee and employer.

8. Weekly Recognition Events and Monthly Achievement Awards

The #1 reason why most Americans leave their jobs is because they don’t feel appreciated at work. While praise and recognition aren’t the only things that motivate employees, being recognized for hard work goes a long way. To really succeed in creating an environment where employees consistently feel appreciated, try integrating recognition into weekly and monthly activities. Something as simple as a weekly team meeting to recognize excellent work or achievement by another member of the organization can be super impactful.

9. Create a Feedback Culture

Taken by surprise when your last employee quit? Not a good sign. The moment you realize an employee is unhappy shouldn’t be when they turn in their resignation, especially not on a small team. Good workplace communication means that you feel comfortable showing employees where they can do better and your employees feel safe enough to speak up when something isn’t working for them. After all, everyone needs feedback to improve. 

One simple way to gather feedback is by sending out a survey. Try an email survey or pass out paper surveys at the beginning of a shift and let employees fill them in during downtime. Ask questions about how engaged they feel at work, what they enjoy doing, what they believe is working well, and what could be better. Then take some time to sort through their answers afterward. Keep an eye out for any trends and overall levels of engagement.

The Investment

Once you decide the best strategies for creating a strong, dedicated and happy team, you can make the investment. You can never go wrong with taking the time and budget to invest into your team. To run a successful business, you have to have a strong team, one that is reliable and motivated to perform to the best of their ability. We have the experience to help you get the financial structure to make it all possible. So what are you waiting for? Give us a call to find out how much you will be able to invest into your team and your future success. 

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

Success in 2020; Marketing Strategy

So it’s the New Year and time to kick it into high gear! When it comes to the success of your business, your marketing really impacts the movement of your products or services. It’s all wonderful and great if you have something worth promoting – perhaps the best thing out there – but it won’t matter at all if no one knows about it! Investing in your marketing strategy makes all the difference. How was your strategy last year? Did you have a strategy in place? It’s never too late to begin, and your business will thank you for it. So where to begin? We have a few tips to help you know what efforts your marketing dollars should be focusing on. Don’t have any marketing dollars? Oh, why we can certainly help you out there!

Branding

Who are you as a business? What is your voice, feel, vibe? What are your values, your mission? At the very least, do you have a logo? To use a great designer with imagination and skill, it could cost a pretty little penny to get your business an entire “branding suite”, but we can promise that it’s well worth the pricetag. Your branding determines the initial perception that your audience has about your business. It communicates so many things, most of which is how professional you are. If a potential customer or client sees a sloppy, old, outdated logo, that’s the perception they will have about your business – sloppy, old and outdated. Your branding gives you a certain amount of control over the first opinion someone has about your business, so take charge and invest in good branding. 

Social Media

At this point in the game, if your business isn’t on social media – shame on you! There are an extremely extremely limited amount of industries that are the exception to this rule, and we would wager to guess that you aren’t one of them. That being the case, getting the basics of your business onto social media is not a matter of dollars spent, just time. Depending on your business, some social media platforms may be a better fit for you than others, so do your research. It’s not even a matter of being on all the platforms, just the select few that will most likely benefit your business. This is a great example of where your branding investment will come into play. The goal is to use your branding suite across all social media platforms and your website, to maintain a professional look through consistency. If executed well, you just made your business that much more appealing. 

Videos and Photos

The next step to leveling up all of your marketing – from social media platforms, to website, to print marketing and future advertising – is getting good photos and video. We are living in a very much visual society these days. Your audience likely has a large portion with a very short attention span, and they say on average you have 3 seconds to get someone’s attention. Strong imagery is where it’s at. For some industries, they opt for stock photos, but let’s be honest – there comes a point where another business (if not many others) have the same photos as you. It’s one thousand percent more effective and personal to hire a professional photographer to photograph your business periodically, and even take video. Whether it’s product photos, location or business facility images, or staff and customer interactions, there are unlimited amounts of opportunities to capture the essence of your business through good solid photographs. 

Paid-Ads

Once you have all the previous marketing investments in place, all those pieces lay a strong foundation for your paid-ads. Many people don’t think about the cost of paid ads when they sign up with a marketing company. Most often, there is not a built-in budget, and the ad budget is determined by the client after consultation with the marketing company. While a proper ad budget can cost you, it’s one of the greatest utilizations of your marketing budget. When ads have the right amount of backing, magic happens. 

While these are just a few pillars of your marketing strategy, there are so many other elements to evolve and elevate your business – it all comes down to budget. However, marketing is one of those vitals parts of your business that you can’t afford to skip. Fortunately, we can help you invest into your marketing by assisting in getting you the funds you need!

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

Preparing for the New Year: Time Management


As things are starting to slow down a little bit – holiday marketing campaigns launched, holiday parties past, food still settling in our stomachs – it is a good time to look back at how we handled the seemingly perpetual time crunch from October through December. It gives a great reference to where things could be tightened up and improved upon going into this new year, so we can set ourselves up for success! 

Gearing up for the new year, it’s all about structure. Learning how to fine tune your time management will lay the foundation for your success in 2020. As any successful business owner will tell you, managing your time is the only way to reach your goals. To help you march full speed into 2020, we have created a list of a few basics for time management success:

1. Plan ahead

It may seem like common sense, but so often we neglect to do this. Especially when it comes to young entrepreneurs, the tendency is to fly-by-the-seat-of-their-pants and rely on their memory to get things done. While independent people will struggle with creating a structure, managing your time intentionally will be the difference between success and failure.    

Start with making a list of everything you want to accomplish at work the next day and figure out what will be the best time to finish each task. This shouldn’t be limited to only work tasks, but also anything that you need to take care of in your personal life as well, so there are no obstacles keeping you from success. 

2. Reassess 

Even if you think you have a solid plan set, new projects and deadlines will likely arise throughout the day.  When this happens, stay calm and simply re-assess your day. You will need to take the time to adjust your schedule accordingly and plan out how you will accomplish your new tasks.  You may feel like you don’t have time to stop and think about how you will get things done, but believe me, taking 30 minutes to plan will pay off in the end; you will actually save time because you will know how to handle everything that comes your way with ease.

3. Prioritize

Priorities tell us where to start, or what to focus on. It is extremely important when you are planning your day, because if things start to become overwhelming or get out of hand, you just focus on the priority. You want to tackle the toughest, most important or urgent project first, so you can ensure they are done and done well. As an added bonus, you won’t have to worry about them for the rest of the day! Next, schedule in the rest of your tasks including certain blocks of time to answer phone calls and emails; keep to these times to eliminate unnecessary distractions (this means staying off your cell phone too!).  You may have to fight the urge to respond to an email the second you see the mail icon pop up in the corner of your computer screen, but it is for a good cause. Pauses or turn off notifications if you need to. 

4. Keep Your Calendar Nearby

Whether you like the good ole’ paper bound planners, your digital calendar app, or a mix of the two, it is practically life-saving to utilize your calendar. If ensures that you are not double booking, it gives you the opportunity to plan things in advance, and it can give you a big picture view of where your time is going / has gone in the past. It’s a fantastic tool to keep you on track with your planning. 

5. Don’t Be Afraid to Say “No”

We all want to be team players but sometimes being too much of a good sport can cause you to be overwhelmed. It is, without a doubt, impossible to say “yes” to everything that comes your way.  In order to manage your time effectively there will be times when you have to say “no.” Choose which tasks are the most significant and will have the biggest impact on you and your work and say yes to those; say no to those that will not.  You can be polite when declining invitations or ideas, or may even be able to come back to them at a later time. If there are too many things that you feel are extremely important and need to be done, it may be time to delegate.

6. Don’t Be Afraid to Delegate

We all find ourselves in those situations or projects that truly require an extra set (or two) of hands. I find the best way to delegate is to politely reach out to members of your team, explain how you are feeling, and simply ask for help. If you are willing to take the time to explain why you are asking for help and what a great impact your co-workers will have, they will likely be more than happy to help you. If you ask for help, however, you need to trust in others to do the job you have asked of them. Feeling as if you should be watching over their shoulders likely means that you didn’t choose the best fit to assist, or that possibly the project is too important and should be handled directly by you. 

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

Preparing for the New Year: Small Business Financial Planning


The new year is fast approaching and it’s time to make sure you are setting your business up for success! Creating a solid financial plan is the only way to make sure your business is achieving your goals. You have to be able to anticipate both your income and expenditures so you can forecast properly and take advantage of any opportunity to reinvest into the growth of your business. 

When it comes to financial planning, there is no better time to start, than the present. 2020 is fast approaching, and you want to be able to grab the bull by the horns. So what if you are new at this? If you have never created a financial plan for your business, we are here to help you because, well, that’s our business! Here are 8 of our favorite steps to creating a financial plan.

  1. Marketing Costs

Convert marketing strategies into expenditures. Strategies depict the course of action you want to take. A strategy might be to advertise in local newspapers or sponsor charity events to increase customer awareness. Do a cost estimate for each strategy.

  1. Revenue Flow

Create a revenue model. Determine the assumptions you want to use for key variables such as unit sales, number of customers, and prices for your products or services. Calculate month-by-month revenue projections using the assumptions. Build formulas into the spreadsheet that allow you to change the variables, doing “what-if scenarios” until the revenue forecast reflects what you believe is realistically attainable.

  1. Goods Sold

Forecast costs of goods sold. Use your historical cost of goods sold percentage as a guide and modify it based on any changes you anticipate in the cost of materials, finished goods, or production costs.

  1. Administrative Expense

Forecast general and administrative expense. Project your expected facilities costs, such as rent, utilities, insurance, or recurring legal expenses. Again use prior year numbers as guide but make sure you allow for increases that typically occur.

  1. Personnel Expense

Prepare a personnel expense forecast. Include additions to personnel that will be needed to carry out the strategies you devised for the upcoming year. A strategy of improving response time to customer inquiries could require adding customer service personnel, which would raise the amount forecast.

  1. Business Upgrades

Forecast business upgrades. Be sure to estimate the costs of any improvements you want to make to the business. Investing in your business upgrades – anything from equipment purchases to facilities expansion to extra marketing costs – is the only way to grow. We are available to help your business get the funding you need to invest in your upgrades, so don’t hesitate to call!

  1. Review the Plan

Review and finalize the financial plan. Look at the month-by-month projected results. If cash balances appear low for certain months, shift discretionary expenditures like advertising out of those months and into months where revenues are higher.

  1. Extra Holiday Budgets

With all the preparation, you have to factor in the budget. Why? Because you have to spend money to make money, and the Holiday Season is all about utilizing the increase to your best interest. Marketing pushes, extra inventory, extra staffing, emergency funding – it’s all part of an effective Holiday strategy. Apply with us today to see what type of cushion we can provide for the holidays!

Tip

Preparing the financial plan gives you the opportunity to review all expenditures you made last year and determine if there are any potential savings that could be achieved through greater operational efficiency or switching to lower cost suppliers.

Warning

Be sure to review actual financial results each month against the numbers in the forecast. This analysis will give you vital information about changes you could consider making such as cutting costs if revenues are substantially below forecast.

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

Preparing Your Business for the New Year; Business Strategies

Strategizing is basically brainstorming and structuring a plan to achieve a goal. Any successful business starts with a plan, a concept – a strategy. With any new or continuing effort, you will create a strategy. It’s a roadmap to success. When you are building a new business, it is absolutely vital to create a solid strategy for your initial business plan. But, strategy doesn’t stop there – you will go on to structure plans in various areas of your business, implement them, review them and then write a new strategy. So if this idea is new to you, let us explain a few of main types of strategies you will need to become familiar with when running a business. 

Business Strategy

How are you going to run your business overall? What is the big picture? Yeah, you know that you want to be successful and make lots of money, but how are you going to get there? Have you ever created a business plan or business strategy before? To many new business owners, this is a totally new concept. If you are one of the newbies learning all about the best ways to create a solid business strategy, head on over to our friends at Business Case Studies and see different formats of successful strategies that have been used by the best in the business. What better way to learn than to see what has worked for those before you? One thing is for sure, however you decide to learn about strategy, it is important to create one. Without a plan, your business is doomed to wander aimlessly through the competitive landscape, unprepared for battle. 

Financial Strategy

Okay so next step, you’ve got a plan to make that money – great! But with great power comes great responsibility, right? Before you start making your profit, and before you even spend your first cent on your business, you need to have a financial structure in place. What are your costs? What are your projected sales? Will you need financing? How does that cost factor in and why? While these are all the basic questions that your plan will address, you still have to know how to build effectively around them. As a business, you need to be able to anticipate your needs, as well as potential obstacles. What happens if all your new equipment breaks? What if your initial product or service is flawed? What if you need a bigger team than expected? While there are endless amounts of potential issues, what you need to worry about addressing and planning for are the issues that are most likely to arise in your industry. This is where doing your research is absolutely necessary. Need help developing a dynamic financial strategy for the new year? Check out the article from BDC about 6 Steps to Create Your Company’s Financial Plan.  

Marketing Strategy

Once you have your business plan and financial structure in place, the next important step is to focus on investing in your marketing. Too many new businesses skimp on this part of the puzzle, because they either don’t have the money to implement a marketing strategy, or they don’t deem it necessary. Marketing is one of the most important factors in growing your business – what good is it if you have an amazing product or service but no one knows about it? Some new business owners just don’t understand what marketing is. They may think it’s just posting on social media, or putting those annoying coupon flyers onto car windshields. On the contrary, it is so much more – it is anything you do to get the word out about your business. It could be as simple as having a conversation at a coffee shop about what you do. 

Marketing Companies and Specialists are there to help you if this is not an area you excel in, but however you do it, it needs to be done and it needs to be created with a purpose. Just like your business and financial strategy, your marketing strategy starts with an initial concept and then evolves over time to fine tune based on the data you gather. Trust us, you don’t want to skip out on this part. If you need the funding to invest in your marketing, we have solutions for you just give us a call. 

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

It’s Not Too Late

Preparing Your Business for This Holiday Season

It’s upon us – the Holiday Season! Frantic marketing, discount sales planning, festive decor, events, AND making time for our families and personal well-being. Business owners have a lot on their plate in general, but Holidays can throw a wrench in even the most well-oiled process if it isn’t planned and executed well – we can help with the planning AND the funding!

Now, before the holidays get hectic, is the perfect time to plan ahead for success. Many experienced business owners start this planning process in June or July! Don’t worry, if you waited too long, or just started your business, you can still get your affairs in order with our quick guide to the basics to get you through this season and prepare you for the next:

1. Order supplies

Check last year’s orders to anticipate how much of basic supplies you’ll need, whether that’s shipping supplies and packaging, paper towels and toilet paper for your restrooms, or branded gift cards for holiday shoppers. If this is your first year in business, your network may be able to guide you through your first holiday ordering season. Remember to order soon to avoid rush shipping charges later in the season. Being prepared can help you meet your customers’ needs with ease.

2. Holiday Schedules

If you didn’t already plan this out, now’s the time to determine your holiday operating hours (make sure to update social media platforms with these as well). Will you be open longer than usual? Do you plan to close your business for a few days? Be sure to tell your staff about holiday hours, and explain your expectations of them during the holiday season. Ask your team to request any holiday time off by a certain date, so you can plan employee schedules accordingly.

3. Extra Inventory / Staff

The last thing you want is to run out of product or staff at a time with such a high sales opportunity. Anticipate holiday orders by manufacturing additional product or placing orders with your vendors. Your suppliers are under their own pressure, and they may have ordering deadlines to get product to you in time for the holidays. Mark these deadlines on a calendar you can see easily so these ordering deadlines don’t pass you by. If your business provides a service, make sure you have extra staff on standby if needed, or backup vendors to make sure everything runs flawlessly. 

4. Holiday Website Format

Give your business website a once-over to make sure it’s ready for a busy holiday season. Is the design tidy and easy to use? Can customers easily find your most popular products or services? Does your ecommerce checkout work smoothly? Are your holiday hours updated? If you’re the person who works on your website most often, hand this task to a staffer or a trusted friend. They’ll be able to spot the issues you might miss.

5. Get Festive!

Even if you feel like the Grinch when it comes to holidays, add a little extra flair to help stand out from the crowd during this busy season. Your whole team can get involved: plan a late-night or early-morning decorating party. Order takeout for your team, play festive music (or regular music, for the Grinches among us), and transform your business in a matter of hours. Remember to check corners for cobwebs and dust your fixtures to help your merchandise shine.

6. Holiday Marketing

Why will customers want to spend time at your small business this holiday season? What makes you unique? Determine the answer, and build a marketing campaign around it. Maybe you have the best selection in town. Maybe your pumpkin spice desserts are coveted all year long. Maybe your customer service can solve any shopping conundrum. Build your holiday marketing about what makes your business stand out from the crowd.

Don’t forget to plan for Small Business Saturday on November 30th! Kick off the Holiday Season by adding your business to the Shop Small map now, and take advantage of free promotional materials available to small businesses. More than 112 million customers reported shopping on this day celebrating small businesses last year!

Bigger Budgets are Necessary for the Holidays!

With all the preparation, you have to factor in the budget. Why? Because you have to spend money to make money, and the Holiday Season is all about utilizing the increase to your best interest. Marketing pushes, extra inventory, extra staffing, emergency funding – it’s all part of an effective Holiday strategy. Apply with us today to see what type of cushion we can provide for the holidays!

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

Forget to Plan Your “Teamsgiving”?

Don’t stress, it’s not too late and we can help.

Cooking up a great meal for a Thanksgiving feast is something we are quite accustomed to, however, putting together an office celebration can quickly become a daunting task. It sneaks up on you, just like the holiday season itself – but making sure to plan teambuilding events and recognizing the holidays are one of the biggest best ways to boost morale around the office. Have you forgotten to plan a little shindig for your team? Not to worry, we have some tips to help you put together a great gathering just in time!

Make It Interactive

Instead of relying on the age-old catered lunch, try doing something that will get the whole team to participate and bring them together. “Teamsgiving” is a popular new trend where each team member provided a potluck item and was assigned another member to present with a personalized gift of thanks. No need to break the bank – have employees make creative gifts for each other that show appreciation. Plus, it’s much more personal than your typical Visa gift card.

“Thank You” Wall

What better way to let people know they are appreciated, than to create a wall where the team members are encouraged to share what they are thankful for in each other. It’s as easy as a few packs of Post-It Notes, and starting the trend by writing one for as many of your team members as possible. Try to make sure everyone is being included, and if someone is missing a “thanks”, create the note yourself. This is a perfect chance to boost the confidence and recognize some of those team members who maybe need a little extra boost during the season. These acts of kindness go a long way. 

Storytime

Remember that play in elementary school where you had to dress up and tell the story of Thanksgiving? This year, try telling your own story instead. Recruit a few team members to help you write and perform your company’s story in front of coworkers. Dress up, include some company jokes, ask for audience interaction – make it a fun and fresh way to celebrate your company’s history.

Festive Games

Having your employees compete in Thanksgiving-related games can be a great way to bring the holiday spirit to your office thanksgiving celebration. Try Pumpkin Bowling – find the roundest pumpkin you can, set up “pins” (toilet paper rolls, paper towels, water bottles, etc.) in the parking lot or hallway, and have a company-wide tournament. Present the winners with festive prizes like a turkey or homemade pumpkin bread.

Giving

We tend to focus on the “Thanks” in Thanksgiving, which is excellent, but the holidays are also a perfect opportunity to give back to the community, especially to those who may find it difficult to find things to be thankful for. This can be done in a multitude of ways, including; volunteer time at a soup kitchen or homeless shelter; collecting food and hygiene items for those in need, sponsoring a community event, or sharing your expertise to help those who are looking to get into your industry. 

This year, taking the time to show thanks for your employees and give back to your community is the perfect way to get in the holiday spirit. And, it will make your turkey dinner taste that much sweeter.

We’d love to hear about your office Thanksgiving celebration with your team! Tag our Instagram account @unsecuredfinances to show us your creative office Thanksgiving celebrations. 

Bigger Budgets are Necessary for the Holidays!

With all the preparation, you have to factor in the budget. Why? Because you have to spend money to make money, and the Holiday Season is all about utilizing the increase to your best interest. Marketing pushes, extra inventory, extra staffing, emergency funding, holiday events- it’s all part of an effective Holiday strategy. Apply with us today to see what type of cushion we can provide for the holidays!

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