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Financing Strategies for Multi-Unit Operators

December 5, 2012

How to maximize your funding strategy in multi-unit development 

More and more entrepreneurs are looking to develop a funding strategy that will allow them to develop multiple units. The most common scenario is the desire for a “three-pack” over a two to three year window. Funding multi-unit development may have been difficult in the past, but since the credit crisis in 2008, financing a multi-unit strategy is even more challenging than ever.

While every entrepreneur’s needs and situation are different, one thing is universal; how an entrepreneur funds the first unit affects his ability to fund the future units. In other words, if arranging financing for the first unit without considering how it is going to affect his ability to get additional financing, he may find himself without any options to fund the second and third units. With that in mind, let’s look at a few different scenarios and some possible strategies to successfully obtain the funding needed to become a multi-unit franchisee. (more…)

Exporting Tool Review: SBA’s Export Business Planner

December 4, 2012
By BizFilings Business Owner’s Toolkit

Here’s a riddle for the export-eager entrepreneur: What clocks in at 192 pages and is free? Unless you have a habit of absconding with condensed Gideon Bibles, the only answer we have is the SBA’s Export Business Planner.

This massive tool is designed for “business owners who are exploring exporting.” While we recommend other resources if you’re merely exploring the possibilities of exporting, such as export.gov’s “Export Questionnaire“ or “Basic Guide to Exporting,” the Planner remains the go-to tool when you’re past considering exporting and ready to commit resources to this aspect of your business.

Once you download the tool (a PDF), simply skim the first few chapters as they contain largely fluff or information you should already know if you’ve come this far in the exporting planning process. We’ll cover the chapters that matter most. (more…)

Get Customers Ready for the Holidays with Social Media and Email Marketing

November 30, 2012

Can you believe the holidays are upon us already?

With the busiest shopping days (and therefore busiest days for marketers) quickly approaching, you’ll want to make sure you can maximize the impact of your efforts. In particular, you’ll want your email and social media content is share worthy. This way your current audience will help you spread the word about your business to their friends, who make great prospects for shopping with you this holiday season.

So, how do you create share-worthy content? Here are 3 ideas:

1. Pay attention to what your fans, followers, and readers really want

If you want your business to be part of your customers’ holiday plans this season, you’re going to need to deliver content they actually care about. This is especially important during the holidays when your customers are not only busy, but are also being bombarded by content from a number of other businesses fighting for their attention. (more…)

Duty Tariffs – Computing Duties and Taxes

November 28, 2012

A look at computing duties and taxes for your product in the many country markets where you will be selling.

The Census Bureau serves as the leading source of quality data about the nation’s people and economy. We honor privacy, protect confidentiality, share our expertise globally, and conduct our work openly. We are guided on this mission by our strong and capable workforce, our readiness to innovate, and our abiding commitment to our customers.

Is Revenue-Based Financing Right For Your Business?

November 26, 2012

The lending environment continues to be tight with banks holding potential borrowers to strict standard. As a result, businesses have begun to explore new ways of obtaining financing. One such method is called revenue-based financing (RBF). Is this type of financing right for your business?

How does it work?

The lender issues a loan and the interest payment is based on the company’s revenue over a specified length of time. For instance, the small business would pay the lender 2-5% of revenues each month. If revenues drop from $30,000 to $20,000, the borrower owes $400 as opposed to $600 in the prior month, which is based on a 2% interest rate. Therefore, it is conceivable for the company to pay no interest at all if the revenues went to zero for one month. (more…)