Manufacturing or retail or any other business sectors need funds at every stage of their development. Business cannot be carried forward without availability of sufficient funds. A business loan is the tailored solution for the ventures or businesses facing financial crisis.
Various banks and financial companies provide business loans. But they consider certain factors before lending the amount. These factors include the quality and value of the asset provided to be used as collateral. Another factor which is taken into consideration is the profitability of the business to be financed. And last but not the least, is the credit score of the borrower. The credit score does not have much effect on the decision of lending the amount. But good credit score always helps in availing the loan at little lower rate of interest as compared to the rate offered to the poor credit scorer.
Low Rate Business Loan is basically taken for the investment in the business. These investments can be in different forms according to the needs and requirements of the business and the borrower. It can be whether to buy new premises or to consolidate the business debts or for the purpose of expanding the business.
There are certain features of business loan which make it more productive. Business loan must be provided quicker. This is because as every minute in business is worth million of pounds. And if once the person has decided to start the new venture or to invest in the business, they generally want to achieve their target as soon as possible. In other words, their idea must be transformed into profitable action quickly. Waiting too long can result in the huge losses for them. Huge loses are not good for the lender, borrower and his business.
Another feature is that, the loan must be provided on the competitive rate of interest. Generally the rate of interest is dependent on the quality of asset and credit history.
Flexibility is one of the features which the business loan must possess. This enables the borrower to use the money in his business as he wants.
For applying for business loan, the person is only required to fill the enquiry form with the financing companies. This will lead to the addition of his name to the prospect of that concerned company. And they will get back to you for asking further details of your business if they find your profile eligible for business loan.
Tailored Solution To Business Problem - Low Rate Business Loan
Is Your Storefront Business Missing Out On Your Easiest Customers? Fix The Problem Quickly And Easily:
You run a store front business. You're always on the lookout for simple and immediate ways to get more potential customers though your door - because more walk-ins gives you the best chance of more sales.
If you're advertising in the local paper, you're doing business the hard way - and you're probably spending $20-50 for each new customer. And most other forms of advertising are a serious and slow investment.
Store front businesses should first be targetting those walking or driving by their store - and in many cases this is literally thousands of people every day.
These people are a store front business' best chance for a quick rise in sales, because they've already made it to within a few paces of the door - and all you have to do is reach out and bring them just a few more steps.
Yet most shops do little more than put their business name above their door in the futile hope that this will attract customers. And, sadly, even displaying your goods in the front window does little to really motivate potential customers.
But a bright, attention grabbing banner across the front of your store can create huge interest - and draw in your best sales prospects.
For far less than 100 dollars.
And so a new website aims to make it quicker, cheaper and easier than ever before to woo these 'easiest all all' customers through the door of the astute managers' store front business.
www.custom-outdoor-banners.com has a simple 5-page guide to how you should design your outdoor banner to attract new customers - with links to websites on which to design your banner online, then order by credit card and have it shipped to your door.
The free, 5 page guide covers the basics of choosing your colours, writing your message, and putting it all together in an outdoor banner that really brings people in.
It's the guide to boosting business that every store front owner should read, and it may be the cheapest and most effective advertising that you'll do this year.
The Main Problem Facing Home Business Owners Today
What is the main problem facing home business owners today? No one has any clue how to market or sell their product. See the one great advantage of starting a home business, is also the one disadvantage. The one great advantage of starting a home business is you do not need much capital or experience to start. Now with those facts in mind, home businesses let everyday people start and run a business, which is great. But it also has it's drawbacks with some companies over promising and under delivering, what's more these companies offer no solutions for the average person to market their product. If you have a business background then you will understand the ups and downs of starting a home business. Some people are starting a business for the first time and this is where the problem lies. People starting a home business for the first time may have been promised the world just to join the company and then once they start their business they have no training to help them out. Or maybe they expect to strike it rich in one month and when they don't, they quit and leave with a bad taste in their mouth.
Now it is not entirely the companies fault. Some people just have a get rich quick mentality and are just lazy plain and simple. I think people have not come to fully recognize what a home business is. It is your business you are responsible for running it not the main company. Many companies expect you to already know how to fully market and run a business. All the companies are giving you is an opportunity to sell their products and they handle all of the major parts of running a business for you. Now the companies are not entirely off the hook. Why? Many companies are claiming things they should not be claiming, like we will build your down line for you. Work only 10 minutes a day, which is the dumbest thing I have ever heard. If you owned a casino in Vegas would you only keep it open for 10 minutes and then shut down for the day? I highly doubt it. You must use common sense when looking at different home businesses to start.
Now most people starting a home business have no experience running a business ever. So there are many factors they will have to face. For example not wanting to make sales calls over the phone, not knowing how to generate leads, overcoming the fear of rejection, not knowing how to market online, not knowing how to market period and the list goes on.Now you may or you may not have a big bank account to advertise with, either way it really doesn't matter. Why? What good is having the money to advertise with if you have no clue on how to properly spend it. See in the business realm there are more crooks and scam artists cleverly disguised as legit businessmen. If you have no experience in business you will not be able to tell who is who, and I've seen people taken to the cleaners by paying these crooks and scam artists. And if you think Pay Per Click gets any better you are horribly mistaken. If you do not know what you are doing with Pay Per Click you will first be ineffective in your efforts and then you can lose a lot of money learning the hard way.
So what is the solution to all of this? First you must humble yourself and be willing to learn. Next you must look for a company or mentor to help teach you the in's and out's of properly running a home business. You want a company or person who is going to give you straight out answers, no hype or gimmicks. Once you have that you are ready to start your home business.
Create A Business Opportunity From A Problem
Turn a Problem into a Business Opportunity by creative thinking.
People pay money to create a problem and then somebody else turns that problem into a business opportunity. How do we do this? First step is to examine and define in great detail what exactly the problem is? Then look at innovative ways to turn the problem into a business opportunity.
Problem - We are eating a lot more then we should. Opportunity - exercise classes, weight loss diets, larger size clothes & diet drinks / foods.
Think of traffic, then think of bottlenecks! Problem - a lot of people stuck in traffic. Opportunity - Billboard advertising & more demand for entertainment on the move!
Problem - In this day of high speed life, people don’t have time to sit down and eat. Opportunity - Create a fast food franchise that serves hot food within minutes for customers to take away and eat on the move.
Problem - people are drinking more. Opportunity - diet drinks, drink dispensers, low calorie alcoholic drinks, vitamins, more fun drinks & definitely more counselling!
In our previous business, we had a problem when we were manufacturing specialised, shock absorbing pallets. We always many pieces of a certain size of wood left. I sent our salesman round local businesses to see if he could find a use for it. In the end we ended up making "button-ups" which had a 100% profit margin after expenses for pieces of wood which we used to throw away!
Problem - Higher number of asylum seekers & refugees. Opportunity - low cost housing, lower paid labour force and increased demand for economy products!
Problem - More spam! Opportunity - more demand for new software, better firewalls & more experts needed!
What problems have you faced recently? Can you nail it down and turn it into an opportunity?
Here are the steps we should take to turn a problem into a business opportunity:
1) Identify the problem
2) Do overall market research
3) Get a team in to collectively debate the problem
5) Sleep on it
6) Do some more market research
6) Apply creative thinking and problem solving strategies to identify a business opportunity
Many questions can be answered by market research. What is the current state? Where is the market going? Who are the main players? How do consumers feel about the current solutions to their problems? How can we meet their needs better?
We can turn every challenge into a business opportunity. Every business process can be improved. Every problem is a business opportunity. Every time you have a bright idea, make sure that you write it down in an ideas notebook. Can you solve last weeks problems in a way which people will pay money?