Starting your business dream team? What to consider first

by with No Comment Business Tips


Ready to start hiring your dream team? What to consider first

Your business success is largely dependant on the team you put behind it. Growing your team can be difficult, when to start looking for key positions, where to start building your team, and how to maintain your team throughout your companies life cycle. Building the perfect team for your business can be difficult, we have a few tips to consider before you begin looking to hire your dream team.

Consider your current business goals

The first thing to do when starting your dream team is to look at your current business standing. Make sure to factor in your current strengths, weaknesses, and opportunities for future growth, can any of these be helped by hiring a new position? Maybe your business can benefit from a strong bookkeeper, an excellent sales leader, or that star marketer. You may also want to hire to play on your existing strengths and work well within your existing team. Once you’ve considered your businesses current standing are there any plans for the future that may affect your business team? Consider if you have any future plans to start marketing, introduce new a new line of products, or expand your sales team and may need support? Looking into the future for any plans you may have can lay out a good vision of positions you may want to prioritize filling. Consider your existing roles, company culture, and how this new position will fit into your existing workflow.

Outline the position thoroughly

The next step to hiring the next addition to your dream team is to outline the position thoroughly. Here you will want to make sure that you are completely prepared for this new addition, from pay, to duties and expectations, and who they will report to/ how this position will be kept accounted for. You need to make sure that when this position is filled all of the questions they have will have an answer, and get rid of any uncertainty. You will also want to outline how this new hire will affect the rest of your business, communicate this new position and what they will be doing with the rest of the team before hiring anyone. This assures that everyone stays on the same page and understands what their role is within the company, failure to do this may cause unwanted struggle between the rest of the team, or the new hire. For the smoothest transformation possible make sure that the role is clearly communicated to everyone involved.

communicate it to the rest of your team

Finally now that you’ve planned out your current and future business goals, have the position outlined and communicated the changes to the rest of your business team you’re ready to start looking for that perfect new hire. When hiring look at your current team and culture, a very important part of the hiring process is finding someone to seamlessly fit in your current team. Always hiring for strong leadership can create more tension in the office than intended. Look at the strengths and weaknesses of your team, and look for qualities to fill and play off of your current team. Look at experience, have they worked in a similar sized department before? Were they successful in their last position? Make sure that you know what you are looking for before going into the hiring process, and come with the right questions to ask.

Decide what qualities your business needs, and start looking for the perfect candidate.

Found the perfect fit to your business? Once you find the right candidate make sure that you prepare them for the position thoroughly. When building the ideal team make sure that you inspire the with your business goals, and clearly communicate your image and the voice of the company. You want to make sure that your entire team is aiming for the same goal. A motivated team will have the same idea of a realistic and achievable goal to work toward, and have the insight to be able to complete that goal. Introduce the new hire to the rest of the team and make sure that they are comfortable with each person’s position and strengths within the company. Your starting team is what will boost your business into the future.

Need capital for your dream team?

Need some extra working capital to start hiring your dream team? Online capital is a top provider for small business loans across the nation. Get up to $500,000 for your business through our simple and quick application process. We can get you a quote within 24 hours and funding in your bank account as soon as 72 hours. For more information and qualifications check our home page and start your application process.

ready to apply? Start here

isyourbusinessreadyforaloan

Is your business ready for a loan?

by with No Comment Business TipsSmall business loanUncategorized

Is your business ready for a small business loan?

Is your business ready for a small business loan?

When considering applying for a small business loan you may be met with a wide range of reactions. You will see everything from praise, to a strongly written letter on why it will be the worst decision of your life. What you need to remember is that every business situation is different, and consider if a small business loan is the right choice for your business.

What are some reasons that this may be the wrong time to look for a small business loan?

1. Your business revenue has been dropping, with no sign of improving.

Probably the biggest reason for complaint depending on who you ask. If your business revenue has been dropping then maybe this isn’t the time to look for a loan. Having that access to working capital can greatly benefit a growing business, however in most cases it cannot turn around a drop in performance. Now this is not a strong and fast rule, with a good plan for that extra capital a business could grow, however access alone will not solve the underlying problems a business may be facing.

2. You do not have a good use for the extra capital.

Similar to the first point, extra capital alone will not improve your business. However having a plan for that money can push your business to a new level, whether it be physical expansion, new material, marketing, or hiring new talent.

3. You’re about to enter your businesses slow season.

Like the other two points this is not a steadfast rule. That extra working capital could help your business throughout the slow season, however a loan should help bring in more revenue for your business. Maybe you need extra equipment to take on big projects in the winter, or need to hire additions to your team to cover time off, there are plenty of ways a loan can help your business in a slow season.

There are plenty of reasons that a small business loan can help your business grow. Knowing when to take the risk of a small business loan can make or break your business. The reasons for a small business loan is endless, but here are a few examples of some great reasons.

1. You’re ready to take on bigger projects.

Have everything in place but need the extra capital to take on those bigger projects? A small business loan could be exactly what you need.

2. You’re team is growing and it’s time to expand.

Is the office becoming claustrophobic? Has sales become more of a mash pit than a team? Maybe it’s time to expand your location. This is a great time to consider a small business loan to expand, create a little extra space to bring on a few more people, or just give a little more breathing room for your employee’s to thrive.

3. Bringing on new talent.

Business is doing good, but it could be doing even better. Maybe bringing on that new talent to handle the books, run the social media, or bring some fresh marketing could do the trick. Consider a small business loan to bring on that powerhouse team member to push your business to the next level.

4. Purchasing New equipment.

Business is moving quick, projects are coming fast, and sometimes your equipment is what’s slowing you down. Purchasing new equipment can allow you to take on new projects, or just speed up current performance.

5. Purchasing inventory.

The catch 22 of business, you need to invest in inventory to operate, but need the inventory to offset the cost. You always need inventory on hand, and continuously restock to match demand, this can be even more difficult when working with seasonal or niche products. Working with a lender to offset that inventory cost can keep you ahead of the trend.

Now that you’ve considered whether or not your business is ready for a loan, it’s time to think about where to go. Banks are very selective with businesses to work with, and can come with a very lengthy and difficult qualification process. Online Capital works with lenders across the nation and brings the best offers straight to you, we offer plenty of loan types and offerings too. From working capital loans, SBA loans, and equipment leases Online Capital wants to help you grow your business every step of the way.

 

Need money now

by with No Comment Business TipsCash Advance

Suggestions for getting the money you need now

Feeling distressed during the adverse days of unemployment is quite understandable. When you are earning, you easily fulfill all your daily financial requirements. But the unemployment forces you to look around for the funds, as you are no longer a salaried person. But at the same time, you do not need to worry about the situation. You definitely need money now as you are unemployed. Your wish to secure quick funds is easily fulfilled through effective loan options, presented at the financial marketplace.

The credit lenders of the modern-age are presenting funds, unlike their traditional counterparts. They are more willing to fund the jobless individuals in a more flexible way where getting financial assistance is quite possible. It is the reason why the unemployed loans are quite preferred because of the simplicity of the application procedure and an instant disbursal of funds.

1. Borrowers now have guaranteed loan approval

The days are no longer prevailing when the borrowers had to wait for days or weeks in order to secure funds during the unemployment. They now have the opportunity to get funds on the same of the application submitted and no fear of losing the application. The lenders give them guaranteed cash loans for the purpose of making them capable of finding out an early solution to their financial crisis. The rejection of the loan application is only possible when the borrowers have mentioned wrong details in the applications.

2. Prospects of availing large funds through an online tool

In this modern era, people have more chances of availing funds in any given situation. For example, there are many unemployed people, who are looking to borrow large funds and they want to apply for long-term loans. Seeking for the banks would not help them in such a situation and as a result, they have to look at the direct lenders to get the benefits of long-term loans online. No lengthy steps and no documentation are required during the application procedure.

3. Securing a loan is not necessary

Another crucial part of the financial assistance given to the jobless individuals is that their collateral is safe. The lenders, nowadays, do not make compulsory for the borrowers to secure the loan either through their home or car. It means borrowers have the liberty to get funds by applying for the quick cash loans for the unemployed. Since there is no need for the loan security, borrowers can apply directly and get funds without any delay.

4. A credit score is no more a decisive factor

Earlier, applying for loans with no credible credit score was not possible. On the other hand, the lenders do not favor the people with good credit score and their doors of funding are opened for all the individuals with any credit scores. Therefore, one can see the option of loans for bad credit people with no guarantor and no fees for the unemployed. These are the examples of short-term credits, which are especially customized for the jobless people with bad credit scores.

conclusion

Getting the money you need now is not a long way process but it needs creativity and focuses in order for you to make your ends meet. Hence it is important for you to use the above-discussed suggestions that will leave a smile on your face at the end of the exercise.

 

If you need money now, contact Online Capital today for a free quote.  Click here.

Why You Should Stop Funding Your Business (And Work With A Lender)

by with No Comment Business Tips

 

 

Do you want to expand your business, but don’t have enough cash flow? Are you hesitant to take out a loan for your business because of the assumed risks? It’s common for business owners to think they need to rely solely on their own cash flow to grow their businesses. In fact, most business owners avoid funding altogether. This is a mistake

Did you know 29 percent of small businesses fail because they run out of capital? Furthermore, 82 percent of small businesses fail due to cash flow problems. If you want to be on the other side of the statistics as a small business and succeed, you need funding.

Online Capital is a program for small businesses that makes funding accessible and easy to acquire. The process is straightforward, and the requirements are transparent. There’s no guessing when you choose to apply for a small business loan with Online Capital. Want to start the process now? Contact us today!

Otherwise, read the following blog post to learn why you should choose to work with a lender instead of funding your own business.

The Benefits of Working with a Lender

Once you’ve decided to work with a lender, it can feel daunting to find the correct one for you and your business. Here are the benefits of working with a lender that fits perfectly with you:

Benefit #1 – Quick Application Process

Do you need capital? Why wait for it? A quick application process means you get one step closer to funding without the hassle. Don’t work with anyone else that makes applying for capital arduous.

Benefit #2 – No Charges or Hidden Fees

A lender can help you get the funding you need without the hidden fees and charges other companies spring on you after you’ve signed their contract.

Benefit #3 – Funding in Less Than 72 Hours

When you need capital, you need it now. A lender can get you funding in as little as three days. That means you don’t have to wait to begin expanding your businesses beyond your current cash flow.

Benefit #4 – Easy, Small Payments

Choose a lender that offers small, easy payments. This makes it even easier to grow your business with as little resistance as possible. The extra business growth will make the payments seem like they don’t even exist.

Benefit #5 – No Collateral Required

Find a lender that does not require collateral and can help you qualify for up to $500,000 in funding. This will give you the ability to grow your businesses much quicker than if you stuck with your original cash-flow plan.

Why Choose Online Capital?

If you want to grow your business faster without the hassle of cash-flow problems, you will need funding to do it. Online Capital offers all the benefits mentioned above and more to those it lends to. You don’t have to suffer long nights and early mornings worrying about if your cash-flow will be there when you need it most. Capital is the lifeline of any business. Let us be yours. Apply for funding now with Online Capital now!