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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

4 Terrifying Truths About Starting Your Own Company


With some of that spookiness still creeping in from Halloween, it’s a perfect time to talk about one more frightening topic; The Terrifying Truths About Starting Your Own Company. From leaving traditional 9-to-5 jobs to being unsure of when your first big business deals will come in, first-time founders must overcome many challenges that their corporate counterparts will not face in their careers. That’s why we are addressing these scary truths face-to-face. 

1. Being Your Own Boss

Getting out from under the structure of a boss can be an empowering and wonderful new step leading you into your new adventure. However, once you begin the process of starting your business and realizing that you have to lean on yourself and build the new structure, it can be a frightening realization. However, you can find comfort in this fact; every new business owner experiences this feeling. It comes along with the risk of venturing out on your own, but rest assured that the rewards that come after are well worth your brief feelings of anxiety. Focus is key, making sure you keep your eyes on your goals and all the benefits you will reap. 

2. Leaping Into a New Industry With No Safety Net

Many new business owners run into obstacles in the startup process, especially when it comes to cash flow. You are your own source of income now, and new business owners need to be able to create a business plan that will anticipate and account for certain common obstacles that occur during the startup process. The best way to prepare for new business ownership is to acquire sufficient funding based on your business plan and the needs you can anticipate. Other options include side-hustles to ensure that you can make your financial obligations while getting your business off the ground. 

 3. Needing Clients Immediately

Building up a clientele takes time for any new business. You may be lucky enough to have a small foundational amount to build upon, but either way it’s about creating an ongoing, evolving strategy to keep efforts running to bring on new clients or customers. Marketing, lead generation, and SEO are all the types of efforts that any new or existing business owner needs to put into place to make sure they are bringing in all the business they can. Depending on your budget, you can learn to start these efforts on your own or hire a marketing professional to really accelerate your growth. Investing in your business marketing is vital, which is why we work with business owners to get the most funding we can to help their business grow. 

4. Fearing the Unknown

Unexpected overhead, lack of clients, malfunctioning equipment, failed strategies – many things can pop up when you are starting your business. Even with all the research that you can conduct, some issues can arise out-of-the-blue. Setting up a fund to help deal with any problems that could arise is the best way you can prepare for the unknown. 

Face your fears and start your business TODAY!

Whatever the obstacle is that a new business owner could come up against, the best way to combat them is through planning, anticipation and preparation. Take the time to research and create an in-depth business plan that accounts for any issues that could arise. 

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

3 Scary Mistakes That Could Kill Your Business


At this time of year, all around you are ghosts, werewolves, vampires and all sorts of creepy monsters – but all year ‘round, businesses are faced with real terrifying obstacles. The best way to combat these scary statistics is to learn about them and be able to create your own plan of protection against these real life monsters!

#1 Poor Cash Flow Management

The number one reason why small businesses fail is cash flow. According to a U.S. bank study, 82% of all businesses fail because of poor cash flow management. Yikes!

Cash flow problems occur when the funds exiting a business exceed the inflow of funds, or when the timing of this delicate process is thrown off. Managing cash flow at the small business level is tricky. It requires careful management of accounts receivable and accounts payable, forecasting of trends, getting the best possible terms from suppliers, diligent invoicing, and above all an “I’m prepared” attitude.

Although these cash flow woes are inevitable, small businesses can prepare themselves for this predicament. Finding a funding source to help cover cash flow gaps—before they happen—can mean the difference between a successful business, and one that ends up six feet under. 

#2 Failure to Plan and Test Your Marketing Campaigns

Advertising is not marketing in its entirety—it’s only part of the pie. All your marketing efforts should be guided and informed by your marketing plan—one that aligns your tactics with your budget and goals (getting leads, building good press coverage, signing people up for demos, etc.). Similarly, give it time. Although it can hurt to invest a whole bunch of money up-front and not see an instant result, it takes time to build brand equity and foster the relationships that are needed to ensure your customers are emotionally ready to buy.

Finally, test and track your campaigns and tactics. This will give you insight into what’s working and what isn’t so you can refresh your approach and waste less money.

#3 Too Many Hires, Too Quickly

This is especially true of start-ups and those in the vulnerable first two years of business. Startups that hire too early have a 146.7% greater chance of failure than those who take a slower approach. Plus, the true cost of hiring an employee can be much higher than their hourly rate. Benefits, payroll taxes, and other expenses, such as workers’ compensation insurance, can add several percentage points onto a basic salary and burn through your revenue per employee. All this adds up to depleted cash resources when you need them the most.

Scaling back your hiring plans can equate to more hours and pressure on you—but it does give you more time to focus on your priorities without the cost and time of managing employees during the start-up phase. And, of course, you can always turn to self-managing independent contractors to supplement your own skills.

Combat your fears and start your business TODAY!

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

Yikes! 5 Scary Small Business Statistics

& how to deal with them


This month is all about facing your fears to level up your business to success. Being able to target and anticipate these scary situations will allow you to navigate smoothly around the obstacles and steer straight to the bank instead. Here are the top 5 Scary Small Business Statistics:

1. Recruiting & Retention Struggles

79% of employees that leave a job will state that a lack of recognition and appreciation is the key reason for quitting. This means that roughly 8 out of 10 employees leave a job because they don’t feel appreciated. For anyone who knows the costs associated with recruiting and retention, this is a shocking statistic!

What you can take away from this small business stat: If you work with either internal team members or external contractors, let them know you appreciate their hard work and contributions. Having happy employees who enjoy coming to work and feel their contributions are recognized will work harder than those who don’t. From a simple thank you to an unexpected gift, make sure your team knows they are valuable.

2. Fierce Competition

543,000 new businesses are started every month.

This is both exciting and a little scary. It’s inspiring to see businesses getting off the ground, but it’s another reminder that there’s a lot of competition out there.

What you can take away from this small business stat: Focus on customer service. This makes your small business stand out from the competition. It also reminds your customers why they work with you and not your competition. 

3. Responsibilities Overload

66% of small business owners and leaders are personally responsible for three or more of the following areas of their business: operations, finance, sales, marketing, human resources, customer service, product development, or IT. You care about your business and success. Sometimes that means putting together the budget, running ad campaigns, handling customer questions and being tech support for your website all in one day. It’s a lot.

What you can take away from this small business stat: As much as you want to do everything, it’s hard to keep all those plates spinning. Delegation can help you get your time back and allow you to spend it on the work that you do best. There are countless free and competitively priced software options available. For help with small business marketing, this one is our favorite.

4. Budgets & Finances

57% of small business owners use their personal savings for startup capital.

If you take personal credit cards, “other personal assets” and home equity into consideration, this number reaches 74%. Starting a business is expensive. While some take the financing route, the majority of small business owners are using their own savings to get their business off the ground.

What you can take away from this small business stat: This is probably the least surprising item on our list of small business stats. All small business owners are familiar with the expenses related to starting a business. Every penny of your hard-earned money should be used as efficiently as possible. One way to do this is to set a budget as early as possible, considering everything from staffing to marketing costs.

5. Marketing ROI

Content marketing gets 3x more leads than paid search advertising. Content marketing is a cost-effective marketing method that sees solid ROI. This type of content isn’t super easy to create, which is part of the reason why more small businesses aren’t taking advantage of it.

What you can take away from this small business stat: Content marketing should be part of your overall marketing plan. By crafting and sharing useful, insightful content, businesses are able to position themselves as thought leaders. They can also promote their business alongside the industry adjacent content.

Face your fears and start your business TODAY!

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

Overcoming Your Fear of Running a Business


October is a month full of scary things, so it only makes sense for us to tackle some of those frightening topics in the business world. One of the most common is simply the fact of starting a business. More than a fear of the business itself, it is a fear of failure. 

If fear of failure is what is preventing you from starting a small business, you have to get around it and forge ahead. Breaking your paralysis and getting past being scared of failure is as simple as these two concepts: Preparing to succeed, and changing your attitude towards failure.

Prepare to Succeed

The first thing you need to learn is how to succeed. You already know how to fail. You can fail simply by doing nothing or you can fail by doing stupid things. But how do you succeed? By finding out exactly what you would need to be successful and ensuring that those needs are met. Arming yourself with knowledge is the path to success.

For instance, suppose that you want to start a small business selling herbal soaps and bath products. For this business to be successful, you need to have essentially four things:

  • Potential Customers / People with enough interest in your product or service 
  • Competitive quality and pricing
  • A way to bring the product and people together
  • A compelling factor

The best way to figure out how to meet these needs is to work through a Business Plan. Creating a business plan will fill in the gaps in your knowledge and provide the details of how you’re going to do what needs to be done to start and run a particular small business successfully. Your business plan will be your blueprint for success.

Change Your Attitude Towards Failure

Why are you specifically scared to start your own business? Most people fear failure because they think that people will look down on them or that they could lose all their money or possessions. 

Failure Is Not Life Threatening

As for losing all your money and/or possessions if your new business fails, it’s not very likely. You can structure your business in such a way as to limit your liability by incorporating or by forming a partnership. Even if you do structure your business as a sole proprietorship and end up filing for personal bankruptcy, some of your property will be exempt from seizure.

So you won’t lose all your money or possessions, even if your business does go belly-up. How important is the amount that you might lose? That’s a matter of perspective. Money is never as important as your health, for instance, or the health and well-being of your loved ones.

The point is that failure can be uncomfortable and unpleasant, but is not life-threatening. Failure is always an opportunity of one kind or another – an opportunity to stretch beyond our usual boundaries, to learn something valuable, or to make previously undreamed-of connections. Remembering this positive face of failure and focusing on it will go a long way towards changing your attitude about it.

Starting and running your own small business could be one of the most enriching experiences of your life. Don’t let your fear of failure make you miss out. Once you build on enough successes, you will tame your fears. Why not start now?

Ready to Tame Your Fears and Start a Business?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you haven’t already started a business, maybe one of these trends will inspire you to create an entire new business.

With the opportunities for businesses booming, why wait another moment. What 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

Kolaches – Not a bug, just a popular pastry in Houston


You heard it right! Kolaches. For a name that sounds like it should be crawling around on six legs, it is actually a delicious pastry — a Texas kolache can contain sausage, eggs, cheese, or any number of other creative delicacies. Kolaches are officially the number one thing Houstonians are obsessed with, beating out “breakfast taco,” “crawfish” and “Kroger,” according to Yelp.

For the website’s 15th anniversary, online review site Yelp looked at the language people used in their reviews, searching for keywords or phrases that define each city. While Chicago loves “Italian beef,” Orlando loves “Harry Potter” and Las Vegas loves “gambling,” it’s apparent H-town loves its Czech creation-turned-Texan-comfort-food.

Of course, Houston is a city with many obsessions. There are the top ten most Houstonian phrases, according to Yelp’s list:

1. kolache

2. breakfast taco

3. crawfish

4. Kroger

5. Tex Mex

6. garlic butter

7. gumbo

8. eggroll

9. fried shrimp

10. fried catfish

Food Obsession as a Business Opportunity

As Houston has been described as America’s number one food city, it is no surprise that their love of food spans an array of different tastes. For aspiring small business owners, this opens up a lot of doors for those looking to open a new spot. The world of “noms” is just brimming with possibilities, and right now is the best time to get in on the action. Being able to use these Yelp lists as a resource, a potential business owner can search for concept inspiration by checking out what foods are most popular. As it is no secret that Kolaches are trending, food-truckers could jump on this idea from all angles. 

Looking to Start a Business in Houston?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you haven’t already started a business, maybe one of these trends will inspire you to create an entire new business.

With the opportunities for businesses booming, why wait another moment. What 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

What’s the Biz, Houston? 

Business Licenses – Needed or Not?

Operating a home-based business can make a lot of sense to entrepreneurs. A business at home can cut down on overhead and operating expenses, it can allow a parent to be home with young children or provide a flexible schedule. Whatever the motivation, it is important to know and follow all rules and regulations as set down by the federal, state, county and municipal governments, as well as industry licensing required for your type of business.

State Licenses

Each state has specific occupations that require a license. In Texas, the Texas Department of Licensing and Regulation oversees issuing state licenses. Texas requires licenses for nine professions that can all be home-based: air conditioning and refrigeration workers, auctioneers, barbers and cosmetologists, electricians, for-profit legal service providers, property tax professionals, tow truck operators and vehicle storage facility operators.

Besides specific licenses, the state requires a sales tax permit for any business selling, leasing, renting or providing taxable goods or services.

Municipal Licenses

Some communities require a general business license or a home-based business license. The City of Houston does not require a general license but does regulate licenses for specific types of business. For instance, a home-based business dealing with animals, such as dog grooming, must have a license from the city’s Bureau of Animal Regulation and Care and a home-based day care would require a license from the city’s Department of Human Services (See Resources).

County Licenses

Counties can require licenses for businesses operating within their jurisdictions. Harris County in Texas does not require specific licenses for any type of business except those dealing with alcohol and selling of food. The county clerk issues licenses for beer and mixed beverage sellers, package stores and wholesale alcohol distribution in case you want to operate a microbrewery or vineyard.

In addition, the county clerk issues DBA— Doing Business As— forms that are required for businesses operating in the City of Houston.

Industry Licenses

Certain professions are regulated by professional boards that issue licenses. These licenses are often required to work in a given municipality. For instance plumbers in Houston must be licensed by the Plumbers Examiners Board, a Veterinary Medical Examiners Board licenses veterinarians, landscape irrigation installers are licensed by the Texas Extension Service. In Houston, attorneys, appraisers, construction contractors, accountants, engineers have professional licensing requirements to operate a business.

Federal Licenses

Home-based businesses dealing with importing or exporting items abroad require a federally issued import/export license. Other home-based businesses may also require a federal license. Businesses pertaining to alcohol, tobacco, firearms, transportation, fish and wildlife require a federal license.

Looking to Start a Business in Houston?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you haven’t already started a business, maybe one of these trends will inspire you to create an entire new business.

With the opportunities for businesses booming, why wait another moment. What 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