by whwadmin | Jun 30, 2022 | Blog
If you want to succeed in the corporate world, you must understand all there is to know about time management. Most entrepreneurs assume this phenomenon because they do not realize what contribution it makes to their success in their enterprises. It can be challenging to achieve that, but you are one step ahead of your competitors if you understand how to go about it. In this blog, you will learn how to better manage your time in your business for the best results.
Proper Day Planning
Daily planning is a critical step if you want to succeed in the corporate world. You must have a reliable schedule of what you are supposed to do during the day. Ensure you know all the meetings you should attend, appointments, deliveries you expect, and any other critical tasks during the day.
Be Sure of the Results You Want
Working without a goal is equivalent to not working at all. You must know what you want to achieve in different periods. Setting daily, weekly, monthly, and annual objectives will help you utilize your time as much as possible to ensure you achieve what you want.
Friends and different activities can be great distractions in your business. They can contribute to a loss of incredible moments you could have taken advantage of to enhance your company. It is critical to ensure you have a sturdy plan for spending your free time. Making an extra dollar will always be more crucial than sharing that drink with your friends or going out for a picnic.
Focus on What Matters Most
Handling different tasks simultaneously is advisable in business, but you need to be careful about how you go about it. Experts in the corporate world have concluded that the best way to save and utilize time within the organization is to focus on what matters first. You may have a meeting with your employees, and at the same time, you are expecting a critical delivery. You should know which one is more essential than the other.
Running an enterprise requires total concentration and strategic planning, especially regarding time management. Therefore, you need to learn the best ways to utilize your time and make the best of it. Some of these techniques are explained above, but you can research more on the topic. Contact WHW Capital today for the best assistance.
by whwadmin | Jun 23, 2022 | Blog
Different businesses need varying equipment to maintain their operations. If yours is one of such enterprises, you understand how challenging it can be to purchase the necessary pieces of equipment. Fortunately, equipment leasing is here to help you, but most business people do not understand how this phenomenon works. Therefore, the information in this blog will give such individuals a clear explanation of what this subject entails, how it works, and its top benefits.
Definition of Equipment Leasing and how it Works
Buying business equipment can be a pretty costly affair. Luckily, other entrepreneurs have invested in different equipment that varying businesses require. Those are the people to contact and lease the necessary pieces from them. You will not own the leased equipment – you will just pay to use it for a specific period.
Once the lease agreement is over, you can choose one of the following options;
Return the equipment to the owner
Purchase it and acquire its ownership
Renew the lease agreement with the equipment’s owner
The Benefits of Equipment Leasing
One of the vital objectives you should have in your organization is profit maximization, resulting from minimizing expenses. Buying equipment gives you full ownership, but it is costly due to the high upfront costs you may be required to pay. On the flip side, hiring the necessary equipment does not have high upfront costs, and many lessers will not require any down payments.
Tax Credits Eligibility
Leasing the required equipment to your company gives you a clear window to enjoy some tax deductions and credits according to Section 179. The agreement you have with the equipment’s owner can allow you to deduct a certain percentage of the payments, saving you some amount in your entrepreneurial expenses.
Business equipment changes with time. Purchasing yours means owning it forever and spending more money to update it. However, when you lease, you can cancel the agreement anytime and hire more updated pieces. Leasing ensures that you are not stuck with obsolete equipment in your company.
Leasing the equipment you require is one of the decisions as you run your enterprise. Nonetheless, you must also understand that you should be financially able to cover the expenses of such an arrangement. WHW Capital is there to ensure you get all the assistance you require. Feel free to contact them today.
by whwadmin | Jun 16, 2022 | Blog
In the past, small business owners relied heavily on loans from banks to fund their companies. However, nowadays online lending has opened up numerous possibilities for determined entrepreneurs. Here are some creative financing methods you can consider as alternatives to traditional bank loans.
Draw from Your Own Assets
Before you approach outside lenders, consider whether you have personal assets that you can use to finance your business. These may include savings, stocks, vehicles, or valuable collectibles.
Ask Family and Friends
Your family and friends can be a source of creative financing for your business. Keep the funding relationship professional, though, by writing a business plan that delineates how you plan to use the money. You should also clarify, preferably on paper, whether the funds are an outright gift, a loan, or an expectation of equity.
Apply for a Grant
Unlike a loan, you don’t need to repay a small business grant. Grants are offered by private businesses, government agencies, and local organizations. Some grants have specific criteria for eligibility. For instance, they may be exclusively for businesses that are owned by minorities, women, or veterans, but if you qualify, it is a great way to fund your company.
Obtain a Microloan
Microloans are loans for small amounts that your company may need for specific purposes such as equipment repair or strengthening cash flow. The U.S. Small Business Administration has a microloan program for small businesses. Typically the repayment terms are shorter than for larger loans.
Crowdfunding utilizes online platforms such as GoFundMe, Kickstarter, and Indiegogo to obtain funding from a multitude of small investors. If your campaign is successful, you may be able to fully fund your business and attract the interest of numerous backers.
Obtain Financing from Your Vendors
If you need funding to purchase supplies or services, rather than approach a bank for a loan you can go directly to the vendors for financing. Conduct negotiations with the vendors with whom you usually do business and arrive at terms that are mutually beneficial.
Use Invoice Financing
Invoice financing involves exchanging unpaid accounts receivables for the capital you need to run your business. After your application is approved, you immediately receive up to 85 percent of what you are owed. When your clients pay in full, you receive the balance minus a financing fee.
For more advice on methods of creative financing for small businesses, contact WHW Capital.
by whwadmin | Jun 15, 2022 | Blog
These days, it’s virtually impossible to make any serious advancements in your company’s marketing strategy if you’re not using the power of the digital world. Or, if you’ve graduated to online marketing but haven’t truly found viable methods for boosting your business growth, it’s time to make some changes.
If you’re hoping to improve the state of your online following by generating leads and promoting your business effectively, here are some valuable digital marketing techniques to help you get there as quickly as possible.
Make Search Engine Optimization Your Top Priority
There’s no denying that content is king when it comes to marketing your brand to the world. Things like creative infographics, persuasive landing pages, or emotionally-resonant blog posts can do a lot to attract your ideal customer base from far and wide. However, if you’re not taking full advantage of the opportunities that search engine optimization affords you, all of that content is simply going to waste.
Be sure to develop an SEO strategy that coincides with your content management plan. Inserting the right industry keywords and keyword phrases into your marketing materials can be highly beneficial for your brand awareness. Ultimately, boosting your standing in search engine results in no time.
Start Building an Email List of Loyal Customers
Generating new leads is vital to your business growth in the future. However, it’s important to also build and nurture a loyal customer email list to show your dedication and appreciation to the customers you already have.
Begin personalizing your marketing content when it comes to advertising within your company’s email list. Offer special discounts or praise consumers with loyalty rewards. Alternatively, simply infuse more heartfelt language into all of your materials to develop an authentic relationship between your business and your devoted audience.
Never Underestimate the Strength of Social Media
You likely can’t get very far with your digital marketing strategy if you haven’t formed a community presence with social media pages. There are so many platforms at your disposal and a myriad of advertising tactics within each social network. You have plenty of opportunities to engage with your customers and post informative, shareable content that drives traffic to your website in droves. Not only can you post your material to be shared. However, you can also directly communicate with customers who have questions or concerns about your product or service.
When you want to streamline and accelerate your business growth, turn to these digital marketing techniques for help. After you’ve incorporated one or more ideas into your marketing strategy, simply watch your lead generation soar. Contact the team at WHW Capital for a no-obligation consultation on which digital marketing strategies could help grow your business
by whwadmin | Jun 9, 2022 | Blog
As an entrepreneur, you should have two main objectives – maximizing your profits and expanding your business. The former is easy to achieve as long as you have a loyal clientele. Nonetheless, the latter can be pretty challenging to hit, especially if you do not have enough money for expansion. Getting an acquisition loan is one of the best funding options when expanding your company. Understanding all about this financing is critical to ensure you are on the right track.
The Use of Acquisition Loans
Acquisition loans play critical roles in different business people’s undertakings. Nonetheless, there are some specific expenses covered by this funding type. These include;
Aiding in purchasing another business’ assets
Buying an entire company plus its assets
How Do They Work?
An acquisition loan is used to purchase a business, its assets, or both. The loan you get is secured by the assets and the company you wish to purchase. This funding type plays a critical role in taking advantage of lucrative business expansion opportunities that you would not have been able to grab with your current company’s regular cash flow.
Acquisition loans allow entrepreneurs to grab such expansion opportunities without raising capital. Therefore, you can buy another business with as little as a 15% down payment and pay the rest on time. Acquiring an acquisition loan becomes critical if your company is steadily and rapidly growing and when in a merger and acquisition deal.
Common Acquisition Loan Types
Small business administration loans are among the best to-go-to options for many business people. This financing has fewer strict terms, including not requiring a positive credit rating. These loans are government-backed, so the lenders are sure they cannot lose their money even if the borrowers default.
Business Credit Lines
The best thing about business LOC is that you only pay interest on the amount you borrow, and you can borrow several times on the same terms.
As the name suggests, this small acquisition loan favors those willing to purchase new businesses.
Getting an acquisition loan is pretty straightforward when working with most lenders. Nonetheless, ensure you check the agreement to know what you are getting yourself into. Consider WHW Capital today to get the appropriate assistance to acquire the business you want.