3 Easy Steps to Prepare Your Business for the New Year
With 2022 right around the corner, many business owners are reflecting on the year they’ve just had while planning for the year ahead. Here are three of our top tips to help you prepare your business for the new year:
1. Review your processes to ensure your operations are as efficient as possible.
The new year is always the perfect time for self-reflection, and we would argue that it’s also the perfect time to reflect on your business processes. What seems to be working for you right now? What’s not? What can you be doing better? What tasks are taking more manual work and labor than they should? Which processes can you clean up so you and your team members can flourish and reach peak performance?
2. Consider your growth/expansion plans.
Is your business ready to take on an increase in demand? Have you consulted an expert on what an attainable business growth goal would look like in a post-COVID world? Have you been maintaining relationships with your funding partners/sources? Are you currently in a financial position to invest in your growth? It’s a lot to consider, but don’t let that deter you. Expanding your business can sound like a daunting task, especially after the uncertainty of the past couple years, but the rewards are plentiful for business owners who get it right.
3. Determine your business’s annual funding needs.
Your funding needs will differ depending on your business type and your operating cycle. By nature, some businesses need more cash readily available — whether that’s for inventory, accounts payable, etc. You know better than anyone how much capital you need on-hand any given season, so it’s important that you sit down and do these calculations. Check out this recent blog post for a brief how-to.
It may be stressful to think of the investments you’ll have to make in the upcoming year when your business is still on the mend from the chaos of the past two years. Thankfully, at Elevate Funding, our specialty is support funding for small businesses.
We do not provide loans – we provide Merchant Cash Advances (MCAs). An MCA is not a loan – it’s simply a way to get access to your future sales immediately. The MCA application process is simple and quick, and we are able to fund companies in as little as 24 hours. Plus, there are no restrictions on how you use the funds, and we do not check credit (for our standard product), charge outrageous fees, or require collateral.
Transparency and honesty are at the core of what we do. When you select us as your funding provider, you are placing a safe bet on your financial future. We want to see our merchants succeed, and we will do everything in our power to work with you on your specific needs. We know small business, and we’re here to help.
If you need funding and wish to speak to someone now, please call us at 888-382-3945 or click here to send us an inquiry. One of our teammates will get back to you as soon as they are available.
______________
Revenue-Based Finance is formerly and alternatively known as Merchant Cash Advance, or MCA.
Previous Post
Next Post