There Is No Monthly Minimum Gross Revenue Required
We understand that every business has to start from the bottom and work their way up. Apple was started in a garage, but everyone in the industry still wishes they got involved during this time. Even though you are probably not planning to be one of the biggest companies of all time, you know that your business has real potential to be successful. Funding is very important during the beginning phase of a business to grow and expand. The strength of your business will be analyzed not just the size
The Strength Of A Business
The Appropriate Amount of Inventory
If you’re in the sales and marketing industry managing inventory is extremely important. The strength of your business can be tested based on the amount of inventory you have, too little or too much can hurt your business’ strength. If your strength exceeds your competitors, that is a strong indicator to get you funded. Having the appropriate amount of inventory to manage different levels of demand shows good judgment and strong business sense.
A Strong Track Record of Sales
A young company does not have many years of sales to analyze. Even the past six months revenue and sales can show the path your business is headed on. As long as your business can get the capital today, strong sales can be achieved with accurate forecasting. Funding used towards marketing or inventory may be the ideal option for you.
Small businesses live or die based on customer satisfaction. One upset customer can put out a review that decreases your customer base to the point where your business can not survive. One extremely satisfied customer can write a good view or tell people about your business which leads to a gradual growth of your business. A strong social media presence is also helpful, any way to get your name into the conversation can help expand your business. Boost your positive reviews daily and respond apologetically to your negative reviews. Sometimes customers have ideas for your business that you may not have thought of.
Get The Funding Necessary For Your Business
Receiving the funding in a timely manner and at a low cost to you is crucial to develop your business. Getting a poor deal can drastically impact your business, so it is important to get a deal that is mutually beneficial. At First Premier Funding, we find you the best deal possible so we can see you grow. Call us today at (888) 358-8484 to be our next success story.