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May
11

How to Acquire Cash Flow

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small-business-loan-increase-cash-flowThe biggest struggle amongst small businesses is effectively maintaining cash flow when the economy is in a massive slump.  This is a dilemma small businesses worldwide face today.  If your business is struggling to make ends meet, call one of our unsecured business loan experts today.  In the meantime, check out our tips on how to preserve expenses for your company.

Go Old School

When running a business there are many expensive tasks to oversee.  You are not going to be able to do it all yourself, and since finances are tight then forget about hiring outside consultants.  Instead, go old school and barter for services.

Bartering saves your business money in the end while attaining services needed to continue growing and increasing customers.  Think about what services you can exchange with other businesses, including advertising, travel services and bookkeeping.

Find a Silent Investor

This is one of the most difficult tasks to achieve, especially with the recession.  No one wants to provide funding to a small business and if he/she does, then the investor wants a say in daily operations.  This is a huge hassle.  However, if you are able to find someone to invest in your business without losing ownership and control, then it is an option to look into.  It saves your cash flow from having to be spent on the expenses covered by your investor.

To find out more about how to finance your small business, call one of our small business loan specialists now!

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credit-card-tips-business-unsecured-business-loanThere are many benefits to having a company credit card.  One is it keeps track of your expenses and two it builds your business financial credit.  But the important thing to note is do not go hog wild with your business credit card.  If you do, you put your entire business at-risk.  To ensure this does not occur, here are my top four tips on how to manage a business credit card successfully.

Limit the Number of Business Credit Cards

Do not get an abundance of company credit cards.  Two should be sufficient for your business.  If you try to manage multiple cards, then you may lose track of spending.

Think Before You Swipe

Use common sense when using the credit card.  Do not use it on anything frivolous.  Preserve it for essentials and/or big necessary purchases.  Think along the lines of new restaurant equipment, bookkeeping and IT expenses.

Choose One with Big Rewards

The credit card industry is extremely competitive.  Thus, find one with rewards matching your needs.  There are cards available offering flight discounts, cash back, store discounts and more.  Find one most suitable for your business.

Use the Statements to Evaluate Expenses

Utilize the monthly and yearly statements to make wiser spending choices in the future.  It is easy to see where the money is being spent versus where it needs to go when examining the statements.  Use them to your advantage.

If your company is in a financial slump, call one of our unsecured business loans or small business loan experts today!

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unsecured-business-loan-women-business-success-tipsMore women are becoming small business owners.  They are fed-up with companies handing out pink slips and have decided to take action by making money for themselves.  It is a great idea, but only if you minimize risk by learning from the best.  Here I took the top tips from successful business owners from around the world.  Be certain to incorporate these successful habits and adapt them to your daily business skills.

Write Down Your Goals

Keeping dreams swirling around in your own head accomplishes nothing.  You need to write down your ideas onto paper.  Examine them and figure out strategies on how to achieve these goals.  Think of it is as a blueprint to refer to ensuring you are right on track.  Include present and future objectives.

Prioritize

You can’t do everything at once.  Prioritize your tasks.  Do not get caught up by one responsibility.  You run your own business, so once a task is completed move on to the next thing on your to-do list.  Give yourself time limits.  For instance, spend the first 30 minutes of your day returning business-related emails and client phone calls.  This helps you stay on-track.

Give Yourself Credit

It may seem like you have a long way to go but don’t forget to celebrate the little moments along the way.  This could vary from renting office space to ringing up your first sale.

Keep your business dreams alive and apply for a small business loan or an unsecured business loan today.  Call Orbit Business Loans now!

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