Business Strategies

WHAT IS A BUSINESS STRATEGY?

A business strategy is a plan of action designed to achieve a specific goal for your company. According to Henry Mintzberg, in his book, “The Rise and Fall of Strategic Planning”, points out that people use “strategy” in different ways.  Strategy is a plan of action getting from here to there. Strategy is a pattern in actions over time. Strategy is position that reflects decisions. Strategy is perspective that is vision and direction. Strategy is the course we chart, the journey we imagine and, at the same time, the course we steer, and defining the trip we make.

Business strategies guide your decisions and actions are critical to your long-term growth. Strategies allow you to develop actions necessary to address your strengths, weaknesses, opportunities and threats (SWOT).  Strategies involves setting goals, determining actions to achieve the goals, and how the end objective will be achieved.

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ALTERNATIVE FINANCING ADVANTAGES

Alternative lenders can solve your working capital deficiency more effectively than banks.  Financing with an alternative lender, loans are judged on business cash flow.  There is no required business plan, funds can be used for a variety of purposes.  Many companies choose to finance their everyday operations with working capital loans.

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WHAT IS CREDIT?

Credit scores are more than just numbers; they reflect how lenders, banks, credit card companies, landlords and insurance agencies see individuals who are potential business associates.  In today’s financial world the most valuable thing we have is our credit rating. Understanding how credit works allows you to make the right choices.

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BUSINESS LOANS WITH LOW CREDIT

We provide quick funding unsecured business loans that do not require any collateral or personal assets of the owner. Because of this rates are typically higher with shorter repayment terms. Your business needs to have enough cash flow each month to make payments. Failure to repay the loan could damage your credit score, ruin your relationship with lenders, plus make it much harder to qualify for financing in the future.

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HOW TO DISPUTE YOUR CREDIT REPORT

Your credit report is one of the most important things impacting that can impact your financial life. According to a report from Federal Trade Commission; one in four consumers’ credit reports has an error. Credit report mistakes can have dire consequences. Consumers may pay thousands of dollars more in…

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PERSONAL BUSINESS CREDIT SCORE DIFFERENCE

Your Social Security number is connected to your personal credit report. Business credit is linked to your Employer Identification Number (also called a Tax ID Number), which is how your business is identified for tax purposes. Most U.S. banks will require an EIN In order to open a business checking account.

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BUSINESS FORMATION FUTURE GROWTH

Business formation is a necessary early step when starting a business, it can have an impact on how much you pay in taxes, the amount of paperwork your business is required to do. Any personal liability you may face, plus your ability to raise business capital. Organizing your business and providing structure for growth now, from the outset will make you more effective as your business grows.

 

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WHAT IS SWOT ANALYSIS?

SWOT analysis is a business analysis technique used regularly provides the tools and information necessary to establish strategic planning and objectives for deciding on the best way to achieve future growth. It’s a relatively quick way to look at organizational strengths, weaknesses, opportunities, and threats.

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Click below to see different industries, business strategies, and how to get started.