You can expect to secure the maximum amount of credit available if you set up your business in a commercial office location.
A physical location that is zoned for business speaks volumes for your company and its operation.
When you apply for a loan there are certain things lenders look for to determine your business fundability. Banks always want to check if you are in compliance. Compliance basically means that you are doing everything in your power to make your business as credit worthy and prove your business fundability by complying with all aspects important to a lender. Everything in a lender’s list of requirements is geared to make sure your business has the ability, now or in theory, to repay a loan and the disposition to do so. A part of being compliant is geared toward proving your business actually exists and enjoys a good reputation as well.
To present a solid appearance, your address should be an actual street address not just a P.O. Box, and you should have a listed phone number. It is better to have a landline telephone even if you use a cell phone for most of your communication, however if you use cell service exclusively make sure it is a contract phone that will have your business name associated.
The amount of credit your business will qualify for is determined by these types of factors including company size. If you use your home office as your business address it can limit the amount of credit your company can obtain. Creditors believe it is unlikely that you can run a major corporation out of your home office.
Whereas if you have a commercial address it puts your business in a different light compared to a home based business. You can expect to secure the maximum amount of credit available if you set up your business in a commercial office location.
If you’re adamant about having a commercial address but renting office space is out of the question then you may want to consider renting a virtual office from Van Nuys Virtual Offices. Van Nuys Virtual Offices can provide you with all the benefits a traditional office gives you at a fraction of the cost.
Are you looking for ways to market your new small business? Looking for ways to let people know you have open a new business. Whether it’s with established sites such as Google and Facebook, or newer outlets like Pinterest, there are plenty of options available to promote your site.
Create a marketing strategy. Lay out goals for how many consumers you want to reach, define your key audiences and decide how you will time each phase of the promotion. It’s also wise to use a variety of methods.
One of the many great things about marketing a small business is that there are plenty of options to fit any size budget. You can begin by obtaining a domain name for your new brand. On Godaddy.com. you can buy domains for less than $10. If your domain name is not available as a.com, come up with another name. Now that you have your domain. Develop a website using your domain name. This will help people find out information about you and your products / services if they do a search online.
Begin Search Engine Optimization (SEO) to get ever higher rankings for your website. It does you little good to have a website if no one can find it. Hire an economical SEO firm or do it yourself. Google’s Guide to SEO is free, online, and a great starter.
Use social media including a blog, LinkedIn, Facebook and Twitter several times a week. If possible use your own name, not your business name, because social media are personal. Constantly reach out to potential customers or referral sources by following them or asking them to connect.
Tell your family, friends and other associates about your new business and ask them to spread the word to drum up sales. Word of mouth referrals are still the No. 1 marketing medium in the world, and for good reason — people trust their friends’ recommendations.
There are many other ways to market your business and generate new business leads. However, the marketing strategies I mention in this article are effective low- or no-cost options. Use them consistently and watch your sales grow.
Starting a new business is a bold and exciting process! It takes a lot of courage to jump out on one’s own. Sometimes you’re forced by layoff and difficulty finding another job. Or maybe you just decided to make the jump and make your dream come true. Van Nuys Offices
Opening a new business is a process that, by nature, is portrayed by different emotions—excitement, happiness, nervousness and extremely challenging. Many entrepreneurs will spend a lot of time planning their business tactics to the point of feeling overwhelmed and wanting to quit. But they continue because this is a dream they have and if they don’t make a small sacrifice no one will make it for them.
When starting a new business, moving to a new location, opening a new branch or expanding your business, there will be start-up or one-time expenses. Know what these expenses will be. Just understanding the start-up process can make a big difference.
Know what type of business you would like to start and learn all you can about it. Conduct thorough research of potential customers, your trade or industry, your competition, your licensing and tax requirements, location, and name.
Whether you use your own savings or obtain loans, starting a business requires money. The loan process can take months to complete, so start early. Lenders often request a completed business plan prior to approval of funding.
It may seem obvious and simple, but the name is how your business will be known to the world. The right name says a lot about your company. Make a list of potential names choose one that best describes your company in a few words, one that is easy to remember, easy to pronounce and easy to spell. You’ll also need to do research to see if there are a) similar business names and b) similar domain names.
There are definitely other important steps to getting a business off the ground. However, if you’ve taken the steps above, you will find yourself in a confident, business-ready position.
When a business is in start-up mode, most entrepreneurs are focused on making the most cost-effective decisions so they can get launched and begin marketing. With today’s unstable environment it’s very important for small businesses and startups to look for ways to reduce business overhead costs while still maintaining efficiency. This is crucial when you consider that cutting overheads is one of the easiest ways to increase profits.
Starting your business at home seems to be the easiest and least expensive. But for security and privacy reasons, that doesn’t seem to be the smartest choice. Many times business registration applications are not private. Someone can search the name of your business online and next thing you know your address and contact information is shown to anyone who searches your company name. When you register your business name with the county or buy your business license, these documents require your address and are on public record, too. The last thing you need is for customers, competitors, and just plain crazies to know exactly where you live if they have a deep need to find you at 3am.
You may want to consider a Virtual Office! A Virtual Office is perfect for business owners who need office space and business address but don’t have the money for a regular office. A Virtual office allows business owners to access all the benefits of having a private office space without the cost of opening a traditional office. A Virtual Office will get you a true street address in a known office building and also creates a sense of credibility to the world – for clients, colleagues and competitors.
Don’t shortchange your business by ignoring the significance of a credible business address. When you are ready to rent that Virtual Office contact Van Nuys Offices and they will be ready to help you get your new virtual office running in not time.