07 11 2014

07 11 2014

How Can You Succeed As A First Time Business Owner?

Since you started your own business, you’ve no doubt encountered challenges you didn’t expect, but if you’ve made it this far, you probably know a thing or two about how to make it on your own. There’s always more to learn, however, and there are many ways to improve your business on your own terms. Here are a few tips:

Never lose focus

When you got into business, you had a comprehensive business plan in place, right? As you continue as an entrepreneur, never lose sight of your original goals and be diligent in staying focused.

It’s easy to assume that you should accept every new opportunity that comes your way, whether that means taking on new partnerships with other companies or committing to new ventures that will supposedly boost your business. These may seem exciting, but opportunities can quickly turn into challenges. As a first time business owner, it’s of the utmost importance to avoid getting side tracked. Instead, focus on what you know and give yourself as much time as you need to make these decisions. You’ve been in business a while – that doesn’t mean you need to change. After all, you’ve found success on your own, so there’s no need to delve into new territory every chance you get.

Get your elevator pitch ready

There’s no doubt that your business is complex in its own way, and when you’re discussing your operations with friends, family and staff, it’s a great time to explain the details of what your company is all about.

When speaking to new acquaintances and potential allies in the business world during networking events, though, you should be able to describe your core business goals and accomplishments in a 30 second elevator pitch. Imagine if you ran into someone you admire in the business world while in an elevator and had just a few moments to explain why your company is the best in your field – practice your elevator pitch so you’re well-spoken and ready at a moment’s notice to boost your brand and interest prospective clients or investors.

Approach funding logically

Sure, you may find yourself in a position where a new networking connection wants to invest in your business, but this really isn’t likely. Instead, you should approach financing – which you’ll almost certainly need throughout your career as an entrepreneur – logically and realistically. If you’re interested in finding out more about small business loans or merchant cash advances, contact National Funding today.

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Terms & Conditions

General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.


US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.


For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.


For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.


Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.