2019 July

July 29, 2019
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There’s no shame in receiving some funded to give you a leg up in your business. In fact, most business owners have taken out, or will take out, at least one loan to help give themselves a boost and supply themselves with immediate working capital for their company’s needs. However, taking out a business loan is not as simple as it sounds. Here are some major DO’s and DONT’S when it comes to taking out a small business loan.

DO take out as much money as you actually need

It may seem financially safer to take out as small an amount as possible, even if you need a bit more, but in the end, it doesn’t pay off. You should absolutely take out the exact amount of money that your business needs. If you don’t take out enough to really make a difference in your business, the loan is essentially useless anyway.

DO have a clear understanding of the terms and conditions of your loan

Before agreeing to any type of funding, you need to be clear on what the terms of the loan are. What is the interest rate you will be paying, and is it accumulated monthly, annually? How much time do you have to actually pay the loan off in full? How often and what dates are payments due? These questions, and more, should all be answered sufficiently before taking out any sort of small business loan.

DON’T take out multiple loans at a time

It’s much more financially sound to take out one bigger loan, instead of multiple loans at once. Not only will this leave you with two different sets of terms to remember, but you will also have to pay two monthly payments of different amounts, most likely on different dates. This is a great way to become confused and get yourself into money trouble. It’s best to just take out the amount you need from one, trusted, loan provider.

DON’T put your assets up as collateral

There are some types of loans that don’t require the typical payment terms. While these may seem tempting, you should avoid putting up any of your personal or business-related assets up as collateral for your funding. This is a dangerous practice and could land you in some real hot water if anything goes wrong with your payments. Trust us, a late fee is a much better option than losing your home or your car.

Ready to take the first step to reaching your financial goals? Click here for a FREE quote from Onebox Funding, and find the best loan with the lowest rates, today!


July 22, 2019
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In an ideal world, everyone who ever put their hearts and souls into a company would have the reward of business success for all their hard work. Unfortunately, this simply is not the case. For many business owners, despite the blood, sweat, and tears they put into their work, their companies begin to falter and, eventually, come crashing down. However, there are signs to look for to see if your company is beginning to take a turn for the worse, and it is possible to stop it in its tracks and turn it around for the better. Here are 3 signs that your company is losing steam, and what you can do about it.

1. You Are Losing Business To Your Competitors

Competition in business is a natural thing. It keeps us on our toes and always progressing. However, if you start seeing that you are losing a huge bulk of your business to other companies in competition with you, it might be a sign that something is going wrong. Take a look at your competitors, and try to find differences in how they market and manage themselves. There must be something that consumers appreciate and would rather pay for, something that you might be missing. It’s always a good idea to do continuous competitor research, even if you re still ahead in the game.

2. You’ve Stopped Growing

No company is able to keep a continuous incline in their growth, it would be impossible. However, if you notice that your growth has stalled for a long period of time, it might be a sign that your company is starting to fail. Although you might still have your loyal customers with you, staying at the same level for so long will only allow others to surpass you and, eventually, beat you out. When you start to see that your growth has gone stale, that’s a sign to start looking for something new to add to the mix. Your old processes have worked for you in the past, but with stagnant growth, you might need to begin looking for other ways to go about your business.

3. You’re Working Extremely Hard with No Benefits

It’s always good to work hard for your business, but sometimes your hard work stops paying off and starts hurting you. If you find yourself putting in more and more hours with little to no reward, you need to take a step back and rethink your strategy. Hard work does help, but when you’re beating a dead horse, you’re not going to reap any rewards from your efforts. Instead, try refocusing your work ethic on new ideas that might prove more profitable.

Ready to take the first step to reaching your financial goals? Click here for a FREE quote from Onebox Funding, and find the best loan with the lowest rates, today!


July 15, 2019
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Anyone can start his or her own business, but not everyone can be successful at it. Although everyone has a different story, the most successful business owners and entrepreneurs all have a few specific habits they do every day, that make them successful in their company operations and allow them to meet their financial goals. Here are three habits successful business owners do every day that help guarantee them good results.

1. Create a Routine and Stick To It

Although nothing is ever certain or static in the world of business, it’s important to have some sort of daily routine that you can stick to as best you can. While always leaving room for unexpected changes, a routine can help you to make sure that you are making steady progress each day. Not only that, but the daily tasks that fall within your routine will start becoming like second nature to you, which will allow you to complete them faster, and with more efficiency.

2. Start With The Hardest Task First

Although it is much more tempting to get the “low hanging fruits” out of the way first, it is a habit of the most successful business owners to start with (and complete) the most difficult task beforehand. This way, you start off the day with fresh energy and a clear mind, which will allow you the stamina to tackle the most daunting task. When you’ve finished it, and your energy levels are much lower, you can still successfully complete many more, simpler tasks. Doing it in reverse will only cause you to push the difficult task off later and later, and you’ll find you won’t have the strength to deal with it by the end of the day.

3. Keep Track of Your Progress

While working on a daunting project (such as starting a company), sometimes it’s hard to see the progress you’re making, as your daily steps are considerably small in comparison to your end goal. To keep up your motivation, it’s a great idea to keep track of your successes and your progress along the way, so you can look back and see just how far you’ve come in whatever amount of time it’s taken, even if it feels like you’re getting nowhere.

Of course, every entrepreneur is different and has his or her own way of working. However, these tips can help propel your business forward and put you in the ranks with the most successful business owners out there.

Ready to take the first step to reaching your financial goals? Click here for a FREE quote from Onebox Funding, and find the best loan with the lowest rates, today!


July 8, 2019
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Anyone can start his or her own business, but not everyone can be successful at it. Although everyone has a different story, the most successful business owners and entrepreneurs all have a few specific habits they do every day, that make them successful in their company operations and allow them to meet their financial goals. Here are three habits successful business owners do every day that help guarantee them good results.

1. Embrace Changes Constantly

The world of business is always changing, every single day and business owners who are not constantly able to adapt will soon fall behind. Whether it’s a new technology, a new strategy, or a new way of thinking altogether, it’s important that you never become complacent in your routine. Just because something has been working for the past 3 years, doesn’t mean that one day 1 of year 4, it will continue that way. Business owners who are not afraid of change, even if it’s completely unknown to them, are always able to keep up with the times.

2. Understand All Finances

It’s simply not enough to look at your expense report or your monthly revenue and claim that you have your finances under control. Successful business owners understand that every cent coming in or out of a company needs to be accounted for. It’s imperative to look at every single expense daily, weekly, monthly, and annually to seek out patterns in your spending, or discover places to cut back. Have you borrowed any funding? Loans come with terms and interest rates that need to be accounted for. Keeping tabs on all of the cash connected to your business will guarantee that you keep afloat and don’t find yourself in any sticky situations with your money.

3. Take Calculated Risks

The very essence of risk-taking is, well, risky. However, all successful business owners have taken more than a few risks within their companies. Of course, that’s not to say you should throw all caution to the wind and take wild risks. But a well thought out, calculated business risk could be the difference between staying safe and making it big. Taking a calculated risk shows creativity, intuition, and faith in your own business and your team members. Being able to predict outcomes and take a leap of faith (and educated one, that is) could bring huge success or valuable lessons in what not to do in the future.

Of course, every entrepreneur is different and has his or her own way of working. However, these tips can help propel your business forward and put you in the ranks with the most successful business owners out there.

Ready to take the first step to reaching your financial goals? Click here for a FREE quote from Onebox Funding, and find the best loan with the lowest rates, today!