02 16 2015

Streamline Your Small Business

02 16 2015

Simple Ways To Streamline Your Small Business

From equipment leases to computer programs, there are many ways to streamline a small business. However, it’s important for owners to keep in mind that streamlining a business is about more than just boosting productivity or making processes more effective – it’s about simplifying the day-to-day tasks that come with being an entrepreneur.

Putting tech to work

Advances in technology have made it that much easier for small business owners to streamline operations. From accounting software that can automatically generate invoices to smartphone applications that allow consumers to place orders with the touch of a button, investing in technology can be a great way to enhance your business.

Of course, simply buying shiny new gadgets and gizmos as they’re released to the market is not the same as a strategy. First and foremost, it’s important to determine what your business needs and objectives are, and then implement any technology that is geared toward supporting these points.

Additionally, remember that a heavy reliance on technology can backfire for businesses if hardware suddenly becomes obsolete. This makes it important to have a long-term plan in place regarding business equipment.

Instead of purchasing new tech on a regular basis, small business owners would be wise to consider how the benefits of equipment leasing could be applied to their operations. Leases make it easier to update tech while avoiding the high costs of buying outright. Together with the special tax deductions equipment leases offer, they represent an ideal solution if you’re looking to streamline processes through technology.

Also recognize that taking advantage of technology doesn’t have to mean investing in fancy new computers. Something as simple as Google alerts can help you streamline your small business.

For instance, say you’re in the market for a working capital loan. Creating Google alerts for small business loans could help you stay up to date on industry trends, loan opportunities and changes that may affect your borrowing capacity.

Creating a roadmap

While leaps in technology have certainly offered business owners more ways to improve operations, sometimes a little old-fashioned planning is the best course of action. After all, high-tech computers and automated software won’t be much good if they don’t align with your goals.

Running a business can be stressful, complex and time-consuming. In your mad dash to make sure everything is running smoothly, you can lose sight of what your overall goals are. This makes it essential to step back every now and then to evaluate where you’ve been, where you are and where you want to go.

While making a healthy profit is no doubt at the top of most small business owners’ lists, try to focus on objectives specific to your organization.

For instance, do you want to expand your business? Start thinking about whether you need a new location, how much it would cost to widen your inventory or if your current staff size is appropriate.

Next, think about what steps you would need to take in order to accomplish your objective. This will help you separate the superfluous activities from those that are contributing to your goals. The fewer redundant or unnecessary tasks you’re undertaking, the less time you’ll be wasting.

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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.

 

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To help the United States Government fight terrorism and money laundering, Federal law requires us to obtain, verify, and record information that identifies each person that opens an account. What this means for you: when you open an account, we will ask for your name, a street address, date of birth, and an identification number, such as a Social Security number, that Federal law requires us to obtain. We may also ask to see your driver's license or other identifying documents that will allow us to identify you.

 

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, 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, 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.

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.