With the development of sciences comes development of mind. Now the women are given a much better position and designation in the society. Today’s women are getting a lot better pay for her work and a lot of education. In every sphere of mankind women has proved to be contributing her best to the society. It is the women who have always seen a trend of going up since the past few years. It is to be noted that women are now treated as equals by everyone.
By the passage of time one can say that there are many business ideas for women. It is the women who have now been seen as an ideal role model. From managing homes to managing an organization a women is now capable of everything. In the field of education women have now shown a great deal of interest. Women have now grown and their image their share in the society has now become massive. It is a saying that where women are treated well the place is bound to grow and one can see this from the fact that all developed countries have high sex ratio.
With the position of the women seeing a continuous improvement one can always say that the future is going to be brighter than present. It is the women who have always been a step behind men in the past but since she’s stood right nextHealth Fitness Articles, the world has grown and grown at a faster rate. The women’s business sense is diverse and is subject to a lot of returns. It is always in the best interest of the person to get the most desirable kind of the designation for the women. It is the women who can always contribute something positive.
Banks have been closing their doors not only to individuals, but to small businesses also when it came down to lending activities. Due to inability to obtain financing in turning down economy many businesses were forced to close their doors forever. However, a great alternative to traditional small business lending was put into place, known as a business cash advance. Virtually any business, having a merchant account and accepting credit cards as a form of customer payment can gain access to cash quickly and hassle-free.
Amount Of Business Cash Advance Is Tied To Credit Card Sales
Business cash advances are loans partially secured by payments coming from credit card processing companies. The amount of advance a business can get depends on the average monthly volume of credit card transactions. When signing up for business cash advance service a business owner would have to switch credit card processing to a lender-approved vendor. The loan is repaid through daily draw of credit card transactions, typically ranging from 15% and up, depending on the loan amount and length.
Typical loan repayment terms are around 4-6 months. Once a positive payment track is established by a borrower such process may be repeated over and over again, with higher business cash advance amounts and more comfortable loan lengths. Such business loans are similar to signature loans, as the funds borrowed may be used for any purpose.
Business cash advances are commonly known as factoring – a purchase of future credit card transactions by a lender. While there is some guarantee presented by a past credit card transaction volume, lenders undertake quite a significant risk leading to higher interest rates. On average, business cash advances feature a 35% premium on top of the principal amount borrowed. However, with low level of lending transaction volume these days, a business cash advance may be the only borrowing tool available to small businesses.
Developing a successful business relationship is no easy task, there are many ups and downs during the process and so as a small business owner it is best to understand a few of the basic business partnership pros and cons so you can evaluate if this type of business activity is right for your venture. Partnerships can allow your company to enter new markets and reach customers faster, but they will also require you to give up certain controls over the product and customer experience depending on the roles your business takes with the partnership. Make sure the two businesses are compatible on several levels and that the executive management team has open and honest communication and the chance for success will improve allowing you to increase your revenue rather than spending resources needlessly.
Pros to Business Partnerships
Ï Access to clients – The number one reason most companies enter into a partnership with another business is the opportunity for new business. A good partner will be able to make introductions and get products / services in front of your target customers.
Ï Access to new markets – By partnering with a company in a different region or country a small business can rapidly grow across the country and expand internationally without having to set up physical offices and teams in every place around the world where there are willing customers.
Ï Co-marketing campaigns – Marketing can be expensive and sharing resources for co-branded marketing campaigns can really help distribute the funds available for marketing and allow a business to be more creative with how the business and products / services are marketed.
Cons to Business Partnerships
Ï Loss of brand – A partner will be sharing the branding and recognition a product or service receives in the market. Some larger companies will require small businesses to actually white label their products to them thus eliminating the brand altogether. Depending on the opportunity this may still be acceptable to the small business due to the exposure and amount of product that is being sold.
Ï Unsatisfactory customer service – If a partner is handling the servicing and interactions with the customer concerning your product, any issues that they may be faced create a chance for an unsatisfactory experience which reflects poorly on your business. Adequate training and occasional check-up blind tests will help you feel at ease that the business partner is executing the customer service to your desired level.
Ï Delayed payments – Business partnerships are likely to have revenue share agreements or performance based compensation included in the partnership. It is very important these payment processes are clearly defined and held to. A small business can get into financial trouble when shipping large orders and not receiving payments on time.