Choosing the Right Bank for Your Business
Posted by admin in Business Finance on August 5, 2011
Whether you’re starting a new business or you’re simply looking for a new bank for your current business, finding the bank that serves your business best generally isn’t as easy as simply opening an account at the bank where you do your personal banking. Businesses tend to have different needs than individuals, and the fact that a bank does well with personal banking services isn’t always an indication that they’ll be able to best fit the various needs of your new or existing business.
What to look for in a bank
Business Finance with Equity Finance
Posted by admin in Business Finance on August 5, 2011
It has been said that nearly 61% of businesses are launched with either private capital or capital that is invested into their business by family and friends but investment doesn’t have to stop with merely just your family and friends, which is why equity finance exists.
Equity finance is cash that is invested into your business in return for a share of your business. These investments of cash never have to be repaid and don’t have interest attached to them. Equity finance is true risk capital as there is no guarantee that the investor will get their money back at all and these investments are not tied to assets that can be removed from your business should it fail.
What Is Your Most Valuable Business Asset?
Posted by admin in Business Finance on August 5, 2011
If you were to ask this question of several business owners, you could bet that you would get a number of different answers. Some would say their employees, others would mention their computers or machinery, or perhaps their inventory. They would all be wrong! The most valuable asset in your business is your customers.
The typical business spends a lot of money on attracting new customers. It is imperative that you protect the investment you make in your customers. This requires that you have a system for gathering and storing customer information. The data you gather becomes your customer list and is the key to maximizing the lifetime value of your customer.