Sol Roter, Founder and Director of Liquid Capital Corp., contributed this article to BusinessNewsDaily's Expert Voices: Op-Ed & Insights. In today's economy, it's harder than ever to secure small-business loans from banks and other traditional lending sources. What's worse, many business owners are struggling to make ends meet on their own, unable to take advantage of expanding market opportunities. The demand for small business financing is very high. In December 2012 for example, less than 15 percent of small business loan applications applications were approved, although the National Small Business Association reports that one in four businesses lack the capital necessary to move their companies forward. Lost growth opportunities are the highest costs borne by businesses with inadequate working capital financing. Fortunately, there are alternative options for business owners in need of immediate funding. Chief among them is factoring , which involves the purchase of corporate … [Read more...] about Is Factoring a Funding Option for Your Small Business?
Working capital solutions
To help you find the right business loan in 2017, we researched and analyzed dozens of alternative lenders. Here is a roundup of the lenders we think are best and an explanation of how we chose them. Best Alternative Lenders For … Working Capital Loan Fundation Conventional fixed-rate loans Loan approvals in 24 hours Excellent customer service Read Review Lines of Credit Kabbage Lines of credit between $2,000 and $150,000 Six and 12 month repayment terms Loan approvals in minutes Read Review Startup Loans Accion Loans for businesses open less than six months Requirements and loan amounts vary … [Read more...] about Best Alternative Small Business Loans 2017
Work relationships are an important part of your career, and one of the most critical is the relationship between a boss and an employee. Tension between you and your direct supervisor can have a devastating impact on your job satisfaction and career trajectory.Sandy Mazur, division president of staffing services provider Spherion, said certain workplace policies — and differing expectations around them — can lead to a disconnected, fractured relationship between employees and their managers."This year's (Spherion) Emerging Workforce Study found that despite workers' demands for greater flexibility and work-life balance, employers are cutting formal work-life balance programs. When it comes to retention, bosses believe the management climate ... and the company's culture are most important, (but) workers believe financial compensation, benefits and earnings growth are most important for retention." But it's not just policies that can cause a rift between employers and … [Read more...] about Smart Ways to Improve Communication for Better Work Relationships
Human resources departments play a complex and dynamic role in businesses, but their primary responsibility is what's known as "human capital management" (HCM).According to Gartner, HCM is a "set of practices related to people resource management," specifically in the categories of workforce acquisition, management and optimization. HCM is applicable to any organization, but it's especially important for companies with "knowledge workers," where the business's most critical asset is its people."People-related costs, including compensation and benefits ... are now the single largest budget items for most companies, which means HR has shifted to a more strategic, integrated role in fulfilling the overall organization's strategy and goals," said Krista Skidmore, cofounder of FlashPoint.But how can you achieve successful HCM in the modern world? HR experts shared their insights for companies looking to provide the best human capital management for their workforce. [Supply and Demand, … [Read more...] about Beyond Human Resources: 4 Ways to Improve Human Capital Management
The future of the workplace seems to be the home. As telecommuting and remote work policies become standard among today's employers, more and more research has been done about the effects of this increasingly popular perk. While there are clear benefits, there are also unresolved disadvantages researchers don't yet have solutions for.When Yahoo changed its telecommuting policy and banned the option in 2013, it led to a debate over whether allowing employees to work from outside the office was good for performance, said Ravi Gajendran, a business professor and co-author of a 2014 University of Illinois study on the benefits of commuting."At the time, there was a lot of debate about it, but there was very little evidence available," Gajendran said in a statement. "Well, now we have some evidence that says telecommuters are good performers as well as good co-workers on the job."Telecommuters also make more positive contributions to a workplace's environment, because they want to be seen … [Read more...] about Should You Let Your Employees Work From Home?
Careers are long. Your goals grow and change with you. Sometimes you find yourself in a rut, questioning whether your job or even career is right for you in the long term."Employees have a greater level of expectations than ever before," said Sean O'Brien, chief administrative officer of PGi, a provider of collaboration software and services. "People want career opportunities [and] better work-life balance. They're keenly interested in doing their jobs, enhancing their corporate goals and personal [goals] as well."If you already have big career aspirations, you're not alone. A survey by PGi found that the top career goal of 22.6 percent of U.S. workers is to earn a raise or promotion in the next 12 months. Other job-related ambitions included establishing a better work-life balance (18.2 percent), becoming more organized (16.7 percent) and pursuing continuing education (12.1 percent).Jack Hill, director of talent-acquisition solutions at human-capital-management software … [Read more...] about In a Career Rut? 5 Ways to Achieve Your Work Goals
American Express is giving small businesses in need of capital a new option for financing: The credit card company has just started rolling out its new Working Capital Terms loans, which provide funding specifically to pay off vendor invoices. American Express Business Card members can enroll in the program via an online platform and then request funds of between $1,000 and $750,000 whenever they need them. Approval is based on information that American Express already has about the card members, including their accounts with American Express. Approval decisions can be provided in just minutes, the company says. "The time when [small business owners] need to pay vendors and the time when they get paid themselves do not always match up, which creates a cash-flow imbalance," Brett Sussman, vice president of working capital products at American Express, Global Commercial Payments, told Business News Daily. "Working Capital Terms provides a short-term financing solution specifically … [Read more...] about American Express Unveils Working Capital Loans for Small Business
The Internet of Things and 3D printing are among the latest technologies that are set to change the way you do business, new research finds. In addition to these two technologies, the cloud, mobile devices, biotech and health care IT, analytics, autotech and artificial intelligence will change industries and enable new business models in the coming years, according to a study from audit, tax and advisory firm KPMG. In fact, the interplay of these emerging technologies is fueling innovation in many industries, said Gary Matuszak, global chairman of KPMG's technology, media and telecommunications practice. "Leaders across industries need to nail the right strategy to outpace existing and new competitors to a much higher degree than in the past," Matuszak said in statement. "Tech innovation creates an opportunity to drive incremental customer value and monetize new business models resulting from disruptive technologies." The growth of these emerging technologies shows that global … [Read more...] about 8 Technologies That Will Change the Way You Work
Email campaigns have continued to grow in popularity among companies of all sizes, and it's easy to see why. With a single click, a company email can provide valuable information, coupons and deals to new and returning customers, thereby driving numerous website visits and sales. The trick, of course, is getting customers to open your messages. "Email marketing remains one of the most effective and lucrative digital marketing strategies, but there's always room to improve and capitalize on emerging trends," said Jerry Jao, CEO of retention marketing firm Retention Science. "Subjects lines are arguably the most critical component of any campaign, as they're the first thing people see in their inbox, and what they consider when making the decision to open or trash an email." Based on an analysis of 540 email marketing campaigns from the past six months, Retention Science found that the following tactics led to the highest success rates: [10 Email Marketing Solutions for Small … [Read more...] about 4 Email Marketing Tricks That Work
After much research and analysis of credit card processors, we recommend Square as the best mobile credit card processor for small businesses. Ease of useSmall businesses that use Square rave about how easy it is to use. From setup to equipment and software, Square offers one of the quickest ways to accept credit cards on mobile devices.Here's why:Straightforward pricing. Understanding pricing structures is one of the most confusing aspects of accepting credit cards. Square accepts all major credit cards — Visa, MasterCard, Discover and American Express — at a flat rate of 2.75 percent per swipe, or 3.5 percent plus 15 cents per transaction for manually keyed-in cards. A Square representative confirmed that these rates apply to all transactions, and that there are no monthly fees, setup fees or other, hidden fees associated with using Square.No merchant account. Unlike many credit card processors, Square doesn't require a merchant account, so you don’t … [Read more...] about Square Review: Best Mobile Credit Card Processing Solution