Business - Page 113

Is Your Business Eligible For Merchant Cash Advance

Okay, so you want to start your own business right? And one of the main things you need to support that idea is capital. Now, some of us already have some life savings that can be used for business start-ups while others have to go for the fundraising methods or loans. We all know all the hardships of bank loans – from the changing interest rates to the always coming fees, etc. It isn’t a thing one business owner loves to find himself in, yet sometimes it is a must.

Still, there are businesses that are not eligible for a bank loan – either because those are too small or simply don’t fulfill the needed terms. And what then, where to find capital now? Luckily, there is an option for those small businesses as well, and it called merchant cash advance. A merchant cash advance shouldn’t even be considered a loan (it comes with a much simpler process and less paperwork), allowing the business owner quick cash in the switch for future sales (at a bargain price). Now, merchant cash advance method works the best with small businesses and in the short-term (when there is simply no other way out). Still, you will need to consolidate your income/cost ratio in order to be long-term successful. Anyways, let’s take a look at how does merchant cash advance work and what are the pros and cons of the same!

source: pymnts

How Does Merchant Cash Advance Work

As mentioned above you give your future sales in the change for a lump sum of cash. There are two repayment methods – either you sell the credit/debit future sales or get cash by remitting regular debits coming from your account. The second one is more common, and kind of simpler as you are making daily payments/fees until you payout the whole sum. The fees are determined by assessing the risk – the larger the risk you are taking is, the bigger the fees will be (there are multiple MCA calculators online so don’t worry). Anyways, the method is pretty simple, but let’s see what the exact benefits of this are.

source: articles.bplans

All The Pros Of MCA

  1. First and foremost you get the needed cash in a matter of days. The whole process goes very quickly, and this is especially good when you are catching some deadlines (need to buy new equipment, rent a space, etc.).

 

  1. The second benefit is that you can use the merchant cash advance money in any possible way you would like to. While a bank or other types of loans usually set the restriction, making it more difficult to come along, with this method you are pretty flexible. You can use the certain percent to pay back some money that you already loaned, while the remaining cash can be invested in stuff such as new equipment or marketing.

 

  1. There is no need to worry about if your credit is impeccable. Here the application process is pretty simple, and it only takes some time to fill in the form. The only thing that you need is the steady amount on your business credit card, and that is it.

 

  1. The payment amount depends on how well you do that month. Unlike the bank methods here you don’t have a premade payment amount, but it depends on how much profit you are grossing.

 

  1. In the end, you don’t have to worry about risking credit score. There are no worries about your assets being taken away or anything similar.

The Cons Of Merchant Cash Advance

Still, you need to be wary about a few things when entering the merchant cash advance program. First of all, you might be paying a much greater annual percentage rate depending on how successful you are doing and how long does it take to repay the full sum. Also, the MCA contracts can be quite confusing, and it would be wise hiring a lawyer to consult you on how to act in certain situations. And when talking about the law, you have to know that it isn’t regulated by federal principles, so you are not protected. In the end, what is not that great is that you don’t have a benefit of paying off the sum before it was planned (no saved interests).

source: halocapitalgroup

Summary

While merchant cash advance is a good financial support option, it might not be for everyone. Do some more research, see if your business would fit into the valid structure and principles of MCA and remember that this is a short-term option. In the long term, it is wise to restructure your business so that steady incomes always bring you enough capital that will be there for amortization and other important purposes!

FireBooth – Perfect Solution For You To Start A Photo Booth Business

Photo Booths were always popular. Everyone has at least one photo from it. And the lines in the amusement parks are miles long, usually because it takes forever for those old machines to satisfy all of the visitors. Well, no more. We introduce you FireBooth.

Why is FireBooth better than others?

It is highly affordable, so you don’t need a lot of money to start your business or to keep it green. It is moveable, and the technology is proven. What is the most catchy thing about it, customers are everywhere!

It has some cool modern features. Your customers can connect to social media in real time. Whether it is Instagram, Snapchat or Twitter, they can share photos with friends and family, or just post it online instantly! But if they don’t want to share, they can instantaneously save it on their smartphone or text message it to the phone. You can share photos on their Facebook wall, a good marketing option. You can add a green screen to the booth, that adds infinite options for background, and expands clients possibility to interact with it. Not only it takes photos, but visitors can also make videos (as well as in slow motion), and GIFs, making it more memorable. They can also add things to the photo/video, like signing it. What makes it super modern and accessible is its ease of use. The photo booth can be controlled via smartphone or other compatible devices.

Oval Mirror Photo Booth

Booth mirror on the wall, who’s the fairest of them all. Released in September, this one is an elegant solution for commercial use (7-10 minutes set-up). 6ft tall, easy to move, with super white LED lights to attract and delight the crowd. But if you are looking for a more convenient variant…

Foldable Mirror Photo Booth

This one is unique, 7″ when folded and 55″ when unfolded and stands 4.3 feet tall. It is made out of aircraft grade aluminum, so it is easy to fold and transport. It contains foldable trays for computer or printer and has the latest features (two-way tempered glass, multi-colored remote control LED, etc.). And if you’re really fond of mirror-like types, there is yet another one…

55″ & 65″ MIRROR PHOTO BOOTH

This one takes it to the next level, with HD LED monitor, road case stylized, ease to move with the fully protected front cover. Also has a studio strobe flashlight, no visitor can refuse that, and this photo booth for sale might be perfect for starting your business.

SÓL series

T12 (2.0) One of Firebooths original series and models. With a ring flash and a 16’’ slideshow monitor. Coated in black or white (depending on your preference), can be broken down into 5 pieces and it takes around 3 minutes to set up. It perfect for private or corporate events!

And if you think that the screen is too small, then you should check  SÓL 3.0, with a 22’’ HD touchscreen. Slightly bigger but still portable. And it can be adjusted for portrait or landscape. And the best portable one currently on the market is SÓL LED, with super bright built-in LED lights.

If you want to wow your crowd, try NIMBUS IPAD PHOTO BOOTH

It has the brightest multi-colored LED. And one of the things that makes it popular is its biggest and brightest 12.9’’ IPAD

If you want something big and multi-colored, then you probably want XIA R LED (T20 LED) with Remote Controlled Multi-Colored LEDs, T22″ HD Touchscreen.

Firebooth is a Veteran owned business and is a BBB A+ accredited company. Schedule an appointment to visit the showroom. So what are you waiting for? Customers are willing to make photos everywhere with your photo booth!

How To Incorporate Recurring Donations And The Benefits Of The Same

Whether it’s you trying to set up a non-profit organization to help out the poor and the ones in need, or you have an idea you want to fundraise donations are the way to go. With the internet being a major thing in the past few decades, there are tons of websites that offer you an option to post your idea or non-profit organization plan (Patreon for example), and slowly gather funds by people donating one at a time.

And while regular donation system can work well, especially if you are lucky enough or have a good presentation strategy, there are times when the donations seem to slow down, and that is not the situation you opt to find yourself in. Luckily, there is a thing called recurring donations. Now, what are recurring donation you might ask? The answer is simple, the recurred donator can opt-in (through software) to donate each month or quarter a certain amount of money. This way, you are sure to receive a stable income and be able to realize the given plans. But, how do recurring donations work, what are the benefits and how can you set one up?

The Benefits Of Recurring Donations

First and foremost, the main benefit is the pure financial one. You are sure to receive more money in the long-term as you get the opportunity to form bonds with the devoted donors. Estimates say that around organizations using the recurring donations get around 50% more money than the ones who don’t. And it really doesn’t cost you anything – you just need to use a good program offered by companies such as donorbox.org and enjoy all the pros of recurring donations. Other than this, there are few more worth mentioning:

 

  • First of all, you are building a secure network of donors that will be coming back. Most of the donors are one-time givers and never come back. By people opting in for monthly donations (directly via credit card), you are sure to stay with a group of people that will be active for years time.
  • Along with that, your revenue will be greatly increased. Now, look at it this way – it is much better to get a multiple $15 donations that people are more comfortable with than receiving a one time $100 support. This way in the long term you will be building a 300/400% bigger revenue than if you didn’t go for the recurring donations option.

 

  • You will have decreased costs. As you have a retention group of donors, the investments that you make in marketing, post emails and everything else connected with your program promotion will be significantly lower.

 

  • It is a good way to meet and even form strong bonds with the donors. Who knows what one can bring to another, and the option of recurring donations is a great way to start a friendship.

 

  • In the end, giving away some things as a thank you gift to your donors is a good way to make them feel comfortable and appreciated giving them more motivation to feel with you. And that is what recurring donations program allows you to.
Source: biztechmagazine.com

How To Install Recurring Donations System

The answer to this question has never been simpler. You just have to sign up on one of the websites offering this kind of program – in our opinion, www.donorbox.org is the most diverse one, and fill in all the info about your organization. After that, install their pop-up or embed it to your website and connect the payment option. The donor box allows for payments via PayPal, all credit cards, as well as low fee bank transfers. It is easily integrated into your program, and the check-out has never been simpler. You will be sure to enjoy all the great benefits that this program has to offer.

Summary

Honestly, there isn’t one good argument why wouldn’t you go for the recurring donations. It is safe, simple, profitable, and can possibly create long-lasting relationships that will breed new ideas! For more information visit this website.

Inventive Byte – Your Partner In Software Development

Inventive Byte is a software development service. In case you’re building a project, this is who you should turn to. They will be with you every step of the way providing you with high-quality work at affordable prices. They’re there to help you make your idea a reality and will invest their time in finding you the best people to work with – developers, designers, and mentors.

By making sure to completely understand your needs and goals, Inventive Byte team will connect you with people who are the best fit for your needs. With the help of artificial intelligence and the team of expert designers, developers, and business strategists, that process is quick and efficient.

With headquarters in San Jose, Los Angeles, New York, and New Delhi, it’s safe to say that despite the fact that Inventive Byte is still very young, they are already everywhere. The hard work, the ambitious and enthusiastic team, and many major partnerships are what enabled them to expand so much in such a short time.
When considering who to accept in their dream team, there’s a couple of things to take into account. They check for experience, code quality as well as reviews with the simple goal in mind – to make the best possible team that will be able to, with joined forces, find a solution to any problem.

In order to improve reliability and efficiency, they use various predictive analytic tools to check for problems in monitoring patterns.
Their experience and deep knowledge have made it possible for them to generate a huge code library which can help them in finishing projects faster by allowing them to use codes from previous projects.

Software development concept image with technology icons and copyspace

The Inventive Byte team will be dedicated to helping you define your concept, develop an MVP, validate your idea and make it a reality in the most efficient and clever way possible. In fact, they have launched a startup unicorn guide to help you get started.

Their job doesn’t end with simply launching your idea. They will take each next step with you, suggesting improvements where necessary, making your idea even better and more successful.

It’s understandable to be hesitant about giving $150 per hour to a software development company.

Not everyone is in a position to give this amount. So, instead of letting your ideas go to waste, turn to Inventive Byte. They will offer their services at a much more affordable price, without reducing quality. For just a fifth of the price you’d pay to most other development companies, you’ll be able to get a high quality, reliable and fast team to work with.

What they truly care about is getting your ideas out into the world. No matter who you are and where you come from, if there’s a million dollar idea in your head, they will help you develop it. They want to build a long-term relationship with you, as they will help you change the world one idea at a time.

Benefits of Using a Translation Service

Being part of a global company, no matter how big or small means marketing opportunities to a market besides your own. It means opening your product to a wide variety of clients and customers from all around the globe. In that new market not everyone speaks your language, and while English is considered to be the global language for business communication, many smaller companies from other countries are not that familiar with the language. This constructs a language barrier and a problem for your business plans. This is where translation comes. Through translating, you are bridging the divide that is created between you and your future business partner, enabling you to communicate effectively.

Of course, in order to translate something from one language to another, you have to be fluent in both languages. But not many companies have translators on their payroll. If your company specialized in work with other countries and a translator is part of the job then fair enough, but not everyone needs to hire a translator for a few translating jobs.

Why is translation important?

Source:k-international.com

Did you know that only 10% of the world population speaks English? Imagine, there exists a large opportunity to branch out to markets other than English speaking ones, all with the help of translation service.

The popularity of the internet is increasing each year. Around 4 billion people have used the internet in 2017. The use of translating services has increased, and many people have used translating services.

A lot of developing markets such as China, India, Brazil, Mexico, etc. all do business in their own native language. With the help of a translating service, you can make a bridge between your product and their market.

Without the use of translation books, novels, literary texts all would stay written in their own language only.

Translation helps understand cultural identities and differences. It offers insight into the culture and attitudes of other countries. For instance, when reading English literature from authors like Agatha Christie, Shakespear, George Orwell in another language, we learn about their culture and mentality. When watching French movies, we learn more about the life of French people through the lens of a camera.

Advantages of translation and translating services

Source:accreditedlanguage.com

The main advantage of using translating services is that they enable you to branch out to different markets and make profits off those markets.

It enables you internet commerce. A lot of websites translate their services into more than one spoken languages in order to sell to more than one language speaking group.  This is only logical as you get visitors from all over the world, and imagine if you can turn each visitor into a customer.

The use of professional translation services is mostly seen in technical and medical translation. If you have a user manual with a lot of complex instruction and specific jargons, or a medical paper with a lot of medical terms, it would be best if you hire a professional who understands both languages in order to make the customers understand these terms and jargons.

Travel and tourism is an area where translation has had great impact. Through translating what your country’s tourist attraction offers to the world, people get a glimpse of the beauty and culture it radiates.

The Importance Of Oak Partners Letter To Theresa May

The world we are living in is so diverse, yet so complicated. For the past few decades, numerous changes and revolutions in the political system took place with a lot of countries switching from communism to capitalism, and organizations such as the UN, NATO and EU having a huge impact on the proclaimed sovereignty of countries all over the world. The main goal of this organizations was to keep the peace, yet it seems like the exact opposite is happening – big countries such as the USA, UK, France, Germany, Russia, and China are trying to make an economical and political impact in various regions. The free trade seems to be jeopardized, and the difference between first and third-world countries is now bigger than ever.

As most of you know, the UK unsatisfied with the monetary EU policies as well as the current state of the free trade decided to leave this organization, and that will finally happen in March 2019 (it is not an easy process, that is why it lasts for over two years). With this said, and the UK economies in need of huge reform, the Oakstone Partners group, decided to send an informative letter. Oakstone Partners is an organized group of people with political, economics, government, international trade, and law background they constantly engage in multiple projects concerning the state of the UK country. More about them you can see at the website www.oak-partners.com.

The Letter To Theresa May

Source:independent.co.uk

The Oakstone Partners group consists of five main figures: Right Honourable Baroness Verma of Leicester – Chairwoman in London; Sandeep Chadha – Co-founder and Head Advisory; ArvindSreedhar – Co-founder and Head of Capital Market; Pedro Rebelo De Sousa – Chairman in Lisbon; William Smithson – General Counsel in Lisbon. Sandeep Chadha, the co-founder, was the one signing the letter as a representative of the group.

Their letter to the Prime Minister Theresa May begins with a sentence about the previously organized conclave, at the Dorchester Hotel, on which multiple politicians and business leaders were invited. The goal of the meeting was to discuss the so-called new rules of the UK’s upcoming economy – a thing that concerns everyone. Sandeep then goes and lists a number of people that were invited including Baroness Sandip Verma; few members of the House of Lords (Lord Howard Flight; Lord Robert Smith – the Chair of British Business Bank; Lord JiteshGadhia); Mr. Phillip Bouverat – the Director of JCB; Mr. Andy Baldwin – EMEIA Area Managing Partner; etc. This group of panelists, businessman, and spokesman agreed that the global trade is under a great threat and that something should be done about that.

Source:ey.com

Then again, Sandeep suggests that he has no concern over if UK will continue calling for better free trade at the G20, but simply wants to discuss the best way to implement it. Along with that, they expressed the great concern over the happenings in Saudi Arabia (where basic human rights are constantly in danger), the ongoing blockade of Qatar, as well as the whole condition in the Middle East with the refugees still coming to Europe in waves of thousands. The thing is, the UK public, in general, is concerned as it has historically good relations with Qatar and Qatar does invest a lot in the UK, so this situation is not suitable at all. Thus, that is why Sandeep calls for a better reaction of the UK politicians about the ongoing tensions in the Middle East, and he asks for a diplomatic note to be sent to Saudi Arabia with the goal of swiftly ending the blockade. Also, the war in Yemen is a huge threat, as well as UK businessman, do have a lot of shares in that country as well. By looking at www.oak-partners.com and seeing the group’s ongoing projects, we can conclude how important it is for this Middle East problem to be solved.

Sandeep, and the Oakstone Partners, clearly want that the situation at the Middle East settles as soon as possible, as it suits both the UK businessman and the UK public in general.

Summary

At the Sandeep Chadha sincerely thanks the Prime Minister, with the hope of a swift reaction on her side. It is yet to be seen how will the UK act concerning this problem, and what will be the results of the upcoming G20 that is surely going to be the most important international summit in years.

The 7 Reason Why You Should Hire A Professional Writer

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In today’s age, the use of writers for various copywriting jobs has increased massively. Since more and more people are finding the Internet to be a good source of income, the use for professional writers to produce quality, 100% original content has become the benchmark for Search Engine Optimization (SEO).

img source: vecteezy.com

You could do the writing yourself, but spending some money of a professional writer could be more beneficial than you think. Here are the 7 reasons why you should hire a professional writer.

1.    Has the time to devote to your project

Hiring a professional writer for your job will save you valuable time you don’t have to devote on the job. You could get someone from your company to do it for you, but are they going to do it if writing is not their thing? They will have to finish what they’re doing first and write the copy after, which could take a lot of time. Hiring a pro freelancer will have enough time to finish it and still meet your deadline.

2.    Will use their skill and knowledge to your advantage

A professional writer has so much writing experience that punctuations and grammar are his strongest skill set. Being a pro means that sentence structure is his bread and butter. Are you afraid that the copy you produce will sound and look stupid because of your writing? – Another reason why you should hire a professional writer.

3.    Will brainstorm ideas with you

Have you started working on a project but you’ve stumbled a dozen times? If so, then hiring a professional writer will help you develop new ideas, he will give your project a new look and offer a second set of eyes. If your project has a complex concept for the general public, then hiring a professional writer will help smooth the concept and create a copy that will be easily understood by anyone.

4.    Can identify missing material

img source: parentswho.com

Maybe you’ve put it, or maybe you’ve left something out… a pro will identify anything missing from the copy and address it. Professional copywriters are trained to easily find missing info.

5.    Can adapt his writing to yours

Let’s say you have a few documents, and let’s say that the writing style differs from each other, well a good professional writer can write the style you need. A pro will adapt his writing style to suit your business. It’s important that your writing has its own unique voice that will only benefit the brand.

6.    Is familiar with all the media available to communicate your ideas.

img source: adin.cat

A good writer can identify which media to use to communicate your idea based on what the idea is. Will all the media (and social media) platforms available, it’s confusing to choose the best one. A professional writer will analyze your idea, and based on that, will recommend the best platform(s) to market whether that’s email marketing, Google, Facebook, Instagram, etc.

7.    Can manage your information flow

You’re not a pro, and you got to that point where you got so much information that you can’t find what’s where anymore. Well, a pro has been through it all and will help you streamline the information you’ve gathered.

Are You Broke This Weekend?

As I age and experience more of the world, money, not having it, spending responsibilities and managing my work/free time are becoming more important to me.

Starting a new business and currently being short of funds, I’ve realised there’s not a great deal to do with no money. What’s worse is even once you get your hands on a small amount of money, it is quickly assigned someplace and gone.

Do you have weekend plans? How much money will you spend this weekend on simply trying to enjoy your free-time away from the office?

Here in the UK, many are experiencing shifts in spending, costs, and wages. Most simply find that the money coming in is swiftly going out again.

For example, the price for a family of four to go to Alton Towers will cost you over £200. That is for a Saturday daytime entry – Minus refreshments and you’ll have to travel to the park also of course.

Your weekend plans may not include a wiz around the towers of Alton but even a night at the movies for a family of four could come in at more than £50 and a nice dinner for you, and your spouse may approach £30 or more. Finding an economical way to spend a weekend is tough.

Of course, you could borrow money from friends and family, use a credit card or options like a payday loan for the weekend are available across the Internet.

However, even weekend lender SimplePayday advise against borrowing money or using loans at the weekend for frivolous things.

Your finances are really up to you. But when the Sun is shining, and you’ve been working all week, it can feel like a necessity to detox from the week at work.

But we’re in the Winter I hear you say.

So, you don’t want to take a weekend loan or bash your credit card, but you’re broke. What can you do?

Go on a Walk

Sure, that’s not very creative, but walking is the cheapest form of exercise and the together time you get with your family is priceless. When was the last time you found a new path, trail, or community to walk through? Don’t walk around your neighborhood. Go somewhere else. I’m extremely lucky in London we have an array of parks. Regents Park, Primrose Hill, and Hampstead Heath all clustered around my abode in Camden.

A weekend stroll in November may seem like a leap. But wrap up warm and keep your nearest and dearest close.

Stargazing

Here’s how you do it 21st-century style. Find a park that has a clear view of the sky in an area where there aren’t a lot of lights. Take some bug spray, a blanket, and your phone or tablet with you. There are some really cool stargazing apps that allow you to aim your phone or tablet to the sky and identify constellations and other features. 21st Century is stargazing at its best.

Concerts

Most larger communities have a summer concert series that take place outside. They’re almost always free and happen a couple of times per month. This is your chance to listen to music that you’ve not explored in the past. Don’t know much about orchestral or jazz music? Go anyway. You might just like it.

Volunteer

What kinds of problems do you have in your life? There’s something therapeutic about helping others, and for some reason, it makes your problems feel a little more manageable. We’re wired as giving people and using that will send you away feeling refreshed. It does for me.

Dress Rehearsal

Want to see a play, musical, or concert but don’t want to pay for it? Go to a dress rehearsal the night before. Call first, but many companies allow you to view dress rehearsals for little or no money.

Library

You might remember these strange places called libraries. Before entire libraries could be viewed through the internet, libraries were much more popular than they are now. Publishers of books and magazines still have to make money, so you’re not going to get all of the content for free. Head to your library and read the magazines, check out a book, or take home a recording.

Community Classes

Speaking of libraries, check out their offerings of community events. Classes about money management, insurance, writing, and just about anything else may be offered at your library or community center for free. If you have expertise in a certain area, consider giving back and teaching a class.

Car Boot Sales

You don’t have to buy anything to make a day of garage sales. Not only will you meet some interesting people, but you’ll also find that some people’s junk has value to you. You probably have expertise in some area where you’ll find a valuable item for cheap. A treasure hunt is always fun!

Find a New Blog

The internet is full of interesting blogs and other websites, but we often stick to our comfort zone and don’t explore new sites. Another fun activity may be to start a family blog of your own. There are plenty of sites online that allow you to set up a blog for free.

Playground

It doesn’t matter how old you are, there’s always something fun to do at a playground. Don’t be the person who takes your children to the playground and sits on the bench while they play. Get some exercise and some quality family time by playing with your child.

Finally

The key to finding low cost and fun weekend activities is to go outside of your comfort zone and try something new. We’re creatures of habit and if your habit is to shell out big money each weekend, try something new this time around.

Best Ways To Get A $5,000 Loan: Personal, Business And Bad Credit

Well, in the end, if these activities are not good enough for you, there is always an option of taking a loan. Just have in mind that you will need to return all that money, so be very careful with what you chose.

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