Day: March 14, 2020

Employing a Business Analyst

Working With a Business Analyst

There are times when a firm have to employ a company expert. When browsing from an outdoors resource there are particular points a company must establish when employing the excellent service expert.

The initial concern one should constantly ask is “What do you understand concerning our firm?”. You will certainly desire somebody that is acquainted with what your firm does. Being acquainted with your market makes it less complicated for you and also the company expert to recognize each various other.

When employing a service expert one more inquiry to ask is “How much experience do you have with this sort of job?”. You will certainly desire somebody that has actually existed in the past. You would like to know business expert you are employing will certainly have the ability to take care of the stress required to finish the job.

Employing an organisation expert suggests understanding the kind of individual you are speaking with. You are looking for a person that is innovative. You will certainly desire to have somebody that can begin the task and also see it with to conclusion.

An additional feature to look for when employing a service expert is group gamer abilities. Working with a company expert suggests locating somebody that is simple as well as pleasant going. You are looking for a person to inform you if a service will certainly function or if it will certainly stop working.

When employing a company expert ask for even worse situation as well as finest instance circumstances from previous experience. Somebody that places the blame on every person else is somebody you do not desire in your company. Somebody that is able to stand as well as claim they made a blunder or did not do every little thing to prevent the failing is a truthful individual individuals will certainly rely on.

The finest point to do when employing a service expert is to very first establish what connects you are looking for. This will certainly be a standard for employing the best organisation expert to do the task.

You desire to understand the service expert you are working with will certainly be able to manage the stress required to obtain the work done.

Working with an organisation expert indicates understanding the kind of individual you are talking to. One more characteristic to look for when employing an organisation expert is group gamer capacities. Working with an organisation expert implies discovering somebody that is simple as well as pleasant going. The ideal point to do when working with a company expert is to initial identify what connects you are looking for.

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Streak (YC S11) is hiring experienced support specialists

Article URL: https://www.streak.com/careers/support-specialist

Comments URL: https://news.ycombinator.com/item?id=22561397

Points: 1

# Comments: 0

Wren (YC S19) is hiring engineer #1 to help build solutions to climate change

Article URL: https://projectwren.com/careers/software-engineer

Comments URL: https://news.ycombinator.com/item?id=22571009

Points: 1

# Comments: 0

You Could Take Over the World with Business Lines of Credit

Well, maybe not the entire world.  However, you can definitely take your business to a new level.  If it’s in trouble, business lines of credit could be just the thing you need to get you over the hump.  But what makes this a better option than any other type of business funding? Furthermore, where do you find a business line of credit?  Never fear. We have the answers you seek.

What You Need to Know about Business Lines of Credit

A business line of credit is similar to a credit card, so many think they work exactly the same.  They really do not. There are some major distinctions between the two. These distinctions make each one better suited for specific situations.  For this reason, it is not a bad idea to have both at your disposal for use as needed. 

Find out why so many companies use our proven methods to get business loans. 

Solving the Business Lines of Credit Mystery

Surprisingly, business owners often do not understand what business lines of credit really are. The simplest explanation is that they are a revolving line of credit.  In fact, they are very much like credit cards. For example, like a credit card, you have a limit and continuous access to that limit. At the same time, you make payments only on the portion you use each month. 

Consider the following example. You have a $1,000 line of credit.  You can use however much of those funds you need each month for whatever you want, unless your lender restricts use. If you use $200, then when you get your statement you will have to pay $200 plus the interest.  You will not owe or pay interest on the whole $1,000 loan. 

If you were to spend the $200, then spend another $50, you would pay on the $250, minus any payment already made, the next month. Your payments change as your balance changes. Just like with a credit card. 

Access is generally granted through checks or a debit card connected to the line of credit account.

Business Lines of Credit vs. Credit CardsBusiness Lines of Credit

Business owners often ask what the difference is between business lines of credit and credit cards. Why is one better than the other? Truthfully, sometimes a credit card may work better.  It just depends on your specific situation and needs. 

The main differences you need to know are that a business line of credit typically has lower consistent interest rates.  Also, there are none of the perks like 0% interest or cash back that you sometimes see with credit cards. 

Unsecured Line of Credit vs Secured Line of Credit
There are two types of business lines of credit.  You can get either an unsecured line or a secured line.

The fact is, an unsecured line of credit is harder to get. Also, it usually costs more than a secured line of credit. 

This is due to the increased risk to the lender with an unsecured business line of credit. A secured business line of credit has the safety net of collateral. Therefore, if you cannot or do not pay, the lender can still use the collateral to recover. 

Some business owners either do not have collateral to offer, or they have no interest in tying up their assets with financing. In this case, an unsecured line of credit may be an option. 

An unsecured line of credit typically has strict approval guidelines and qualifications.  Due to the increase in credit risk, they will also likely have higher interest rates and less favorable repayment terms. 

3 Questions to Ask Yourself Before Looking for Business Lines of Credit for Your Business

While nothing is a guarantee, there are some things you can do to help ensure you get the best possible business lines of credit for your business. Start by asking yourself these questions. 

  1. Why Do You Need a Credit Line?  

This is the basis of finding the best business line of credit for your needs. You have to actually know what your needs are. Here are some examples of how a business may use a line of credit. 

  • Buy or stock up on inventory, raw materials, or supplies while on sale. This can reduce cost of goods sold and consequently, increase the bottom line. 
  • Purchase or repair minor equipment when needed. This would be like a new printer or laptop.  . Larger equipment, like an industrial freezer, would best be purchased with an equipment loan. 
  • Cover temporary gaps in cash flow or continuous, expected cash gaps due to timing issues. For example, if several bills are due at the beginning of the month and you know your largest contracts pay at the end of the month, you could cover those bills with the line of credit until your contracts are paid. The money is coming. It is reliable.  However, the bills are due before the money comes. You can pay the bills with the line of credit. Then pay off the line of credit when the contracts pay.

Another example of this is a seasonal line of credit for a business that does the majority of its sales during a certain time of the year.  A florist does a large percentage of sales during Valentine’s day, so a seasonal line of credit can come in handy to bridge the cash gap during other times of the year.

  1. What is Available to You? 

Shop around with different lenders to figure out which ones offer the best business lines of credit. You will want to look at factors such as interest rate and credit limit in relation to what you need and can afford. 

Check with various types of lenders to get a feel for which ones offer what you need.  Research larger banks, as well as small local institutions and credit unions.  Don’t forget about online lenders either.

 

  • What is Your Business Credit Like? 

 

Your ability to get approval for the best business line of credit will be directly related to your business credit. While lenders may also consider income and cash flow, they are going to rely most heavily on your business credit score when making an approval decision about a line of credit. 

A lower business credit score does not necessarily mean you can’t get approval, but it could greatly affect your interest rate and credit limit. 

Find out why so many companies use our proven methods to get business loans. 

Consider signing up for a credit monitoring service that lets you keep tabs on your business credit and what is affecting it each month. 

Once you have a handle on why you need a business line of credit, what is available, and what you may actually be eligible for, you can make a decision as to where you are going to apply and which product you are going to apply for. 

Determining which of these lenders offers the best business lines of credit for your business goes back to knowing what you need, who has it, and who will approve you for it. 

When Is a Line of Credit Better than a Credit Card? 

If you are going to need to make payments, a line of credit is a better option. The reason is pretty simple. The credit rate is almost always lower. The few exceptions are those cards that offer 0% APR for a short period of time. 

If you are going to use a credit card to make regular purchases that you are going to pay off immediately, and you qualify for a card with perks such as cash back, then you may find that you can benefit from using a credit card over a line of credit. 

An example would be if you wanted to use your business credit card to make your monthly supplies purchase each month and then pay it off in the following month so that you could take advantage of the cash back. 

To float a cash flow gap or make significant purchases that you will need pay out over a short amount of time, a line of credit is almost always the best choice. 

Where Can You Find Business Lines of Credit? 

Not all lenders offer them, but there are options available at many traditional and alternative type lenders. Which one you go with depends, again, on your specific situation.

Traditional lenders typically have the lowest interest rates.  However, their repayment terms may be less flexible. They will also have harder to meet qualifications and a longer approval process. In addition, it can take several days after approval to have access to the funds.

An alternative lender will usually have easier to meet qualifications and more flexible repayment terms.  The tradeoff is interest rates are much higher. The approval process is faster however, and in some cases, you can access funds in as little as 24 hours.

Where to Find the Best Business Line of Credit 

Since most small businesses will have a hard time getting approval from a traditional lender due to poor credit or a lack of sufficient credit history, here are some examples of what some alternative lenders are offering currently. 

Kabbage

Kabbage offers a credit line of up to $150,000 with no credit score required. The catch is that the interest rate is between 32 and 108%. The business must have been in existence for at least one year and have revenue of at least $50,000. 

Due to the extremely high interest rate, this is really only an option for those businesses that cannot get financing due to a low or nonexistent credit score and need something immediately. 

StreetShares

There is a credit line available at StreetShares of up to $100,000 for those who have a business credit score of at least 600, have been in business for at least one year, and have at least $25,000 in revenue. 

It requires weekly repayment. 

Due to the lower revenue requirement, this is a good option for smaller businesses that are okay in the credit department but have trouble meeting higher revenue criteria. Also, the interest rate minimum is lower, with the low end at 9%.

OnDeck

If you have a credit score of at least 500 you can get a credit line of up to $100,000 with OnDeck. There is a $20 per month maintenance fee, and weekly repayment. The interest rate is a little higher here than with those that require a higher credit score minimum. It ranges from 13.99 to 39.99 percent. 

Again, due to the higher interest rate, this should only be an option if you cannot meet the higher credit score requirement. 

Find out why so many companies use our proven methods to get business loans. 

Lending Club

The credit line offer from Lending Club goes up to a limit of $300,000. It requires a credit score of 600, at least one year in business, and at least $50,000 in revenue. The repayment term is 25 months. Also, they require collateral for limits over $100,000. 

This is a good option for those who meet the requirement as there is a higher limit available with collateral, and the interest rate can go as low as 6.25%. The repayment terms are much friendlier as well. 

The Best Business Lines of Credit May Be Closer Than You Think

A business line of credit can be a great option for funding, depending on your specific needs.  Ask yourself first if you need a credit card or a line of credit. The truth is, it doesn’t hurt to have both.  Then, do your research. Start with the list above, but don’t stop there. Do some research and find a product that will really give you what you are looking for. 

In doing so, don’t forget to take other funding options into account.  Not only are there various types of loans available, but crowdfunding and grant opportunities exist as well. Find out more about the various options available for funding a business and you just might find that at this point, you really need  something other than a business line of credit. At the very least, you’ll have the knowledge going forward, which can only aid in your ability to make better funding decisions for your business. 

The post You Could Take Over the World with Business Lines of Credit appeared first on Credit Suite.

Support Remote Working and More –10 Brilliant Business Tips of the Week

You’re concerned about the coronavirus. So are we. So, we put together 10 awesome business tips helping you to support remote working even long after COVID-19 becomes a distant memory.

The Hottest and Most Brilliant Business Tips for YOU – Support Remote Working and More

Our research ninjas at Credit Suite put on surgical masks and smuggled out ten amazing business tips for you! Be fierce and score in business with the best tips around the web. You can use them today and see fast results. You can take that to the bank – these are foolproof! Support remote working to keep your employees safe – plus more ways to refresh your business and marketing.

Stop making stupid decisions and start powering up your business. Demolish your business nightmares and start celebrating as your business fulfills its promise.

And these brilliant business tips are all here for free! So, settle in and scoop up these tantalizing goodies before your competition does!

#10. Content is King; We’re All Just Vassals (or Maybe Court Jesters)

Our first jaw-dropping tip is all about kicking off your content marketing the right way. Inc says the first key point is to own your own content. Oh yes. Oh my God, yes.

What does this mean?

Owning your own content virtually always means your business has a blog and a website. It’s not Wix and it’s not Medium. Content ownership matters because you never know when a platform will implode. Remember: people used to think MySpace would be around forever.

Heh, not so much now, eh?

Here’s another tip we really liked.

Define Your Niche, and Then Broaden It

What does Credit Suite write about? Well, we don’t write about business in the generic sense. Rather, we write about business credit. And there are some natural offshoots to that. That includes these Friday blog posts about marketing. It also includes what it takes to start a business, and how to fund yours.

But we don’t write about just anything when it comes to business. So, don’t expect to get advice about working with foreign exporters here. But that’s okay. There are plenty of other places to find such information.

The bottom line is you don’t have to be all things to all people. For that way lies madness. Get good at your niche!

#9. Marketing for Those of Us with Champagne Tastes and Beer Pocketbooks

The next awesome tip is about marketing for a startup when your budget is, shall we say, less than grand. Young Upstarts notes the old school business card is still a fantastic way to market yourself.

It also has the benefit of being something tangible. Even with fewer gatherings (thanks a heap, COVID-19), there’s nothing stopping you from slipping a business card into an envelope with something you’re mailing anyway. That could be advertising materials or even invoices.

Here’s another idea we loved.

Fishbowl Marketing

Have you ever seen one of these on a receptionist’s desk? It’s one of those things where you toss your business card (there’s another use for ‘em) into the bowl or bucket. You’re entered into a contest for … something. 

Of course, only one person (or only a few people) wins. What happens to all those other business cards?

If you said they’re added to a marketing mailing list, then give yourself a gold star. And if they’re just tossed, then what a wasted opportunity!

So, collect the cards. And for the folks who don’t win? How about telling them they’re entered into a second chance drawing or future drawings? Give to get, as we say.

Mailing lists filled with warm prospects are worth more than their weight in gold. The good old fishbowl is an easy way to build one, for nearly no cost.

Support Remote Working Credit Suite

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Support remote working for more than safety and health – it’s great for productivity, too. Plus, nine more fantastic tips!

#8. You Have from the Ground Floor to the Top Floor to Convince Me: Now, Go!

Our following life-changing tip concerns writing an elevator pitch. Business Knowhow lays it all out for us.  This is a skill you can use elsewhere in life, by the way. 

Maybe the best part of this article is the emphasis on personal connections and tailoring. We believe in value in every transaction here at Credit Suite. And you should, too! Your audience certainly does.

It all starts with understanding what they’re looking for. So, let’s go with a fer-instance.

An Example

Let’s say you sell perfume. A retailer is wondering whether it’s worthwhile to set aside some of their valuable shelf space for your product. An end user is wondering what your product smells like. And they may be wondering if you ever test on animals. And a distributor may be concerned with how well your product is packaged to prevent breakage, and where your manufacturing center or warehouse is. 

Telling your end user or a retailer that your product is made in Milwaukee is going to get you tuned out right quick. And telling a distributor that your product smells like lavender and mint doesn’t matter to them unless your packaging fails. Or there’s a spill on the highway.

A Personal Story

Elevator pitches (often in writing) are an integral part of the author experience. In a few moments, I have to convince a publisher that they want to read all 100,000+ words of a science fiction story showcasing the struggles in a society composed of humans, smart robots, and aliens.

This has led me to understanding better about what a publisher (or agent) wants. They want something that sells. That’s their bottom line. So, while they want to know if my book will be a page turner, they’re also wondering what the ultimate readership could be. This helps them figure out how to market it. So, if I tell them it’s a cross between Alien Nation and I, Robot, then they’ve got a much better idea of who might want to read the novel. 

This is different from how the story might be pitched to readers. That’s the blurb (you know, the piece on the back cover of a book or in the description section on Amazon). For a reader, I might draw an analogy to current attitudes toward immigration and technology.

You may have a service and not a product. And if you have a product, it’s probably not a book. So, your specifics will differ. But this is yet another area where tailoring will serve you well.

#7. Good Blog Posting is no Accident

So, for our next sensational tip, we looked at creating converting blog posts. Opt in Monster says that breaking up texts makes it more compelling.

That’s kind of why we do it in these posts!

But there’s more than that, when it comes to writing a blog post to help with conversions. We’ll just concentrate on one of the tips in this article.

Bang! Bullet Points to the Rescue

The best things about bullet points are:

  • They’re easy to read
  • Readers are naturally drawn to them
  • They’re a great way to make short, sharp points
  • You don’t need to even write full sentences
  • In fact, they’re supposed to be a lot more like headlines
  • And they break up text beautifully

#6. Creating Bite-Sized Content for Bite-Sized Attention Spans

This tip is so cool, and it works! G2 tells us all about creating ‘digestible’ content. 

Did you know the current attention span is something like eight seconds?

That’s less time than it just took me to read the first part of our tip #8 (right before the ‘An Example’ subheading). And I know what it says! The first time you read it, it probably took more like eight seconds to read the first one or two paragraphs.

Yeah, it’s like that. Whoa.

Short, Sweet, and Maybe to the Point

The article focuses on some great forms of short content and how to get them going. We highly recommend reading the article in its entirety. So, let’s talk about one type of nugget-sized content.

Videos

We create business credit videos here. Lots and lots of videos. Some are short, and some are longer. The beauty of video isn’t just that you can get a lot across in a shorter amount of time. It’s also possible to multitask when it’s on. You’re busy. I’m busy. All God’s children are busy.

So, make it easier for your unbelievably busy audience to connection with you and give them short, sweet content mixed in with the deeper dives.

#5. Keep Your Workers Safer and Support Remote Working – Now and Forever

Support Remote Working Credit SuiteGrab this mind-blowing tip while it’s hot! 

And you can help people, too, which is awesome. You can do so when you support remote working.

Effortless HR says when you support remote working, you allow for more employee flexibility. Because the challenge is less to attract top talent these days (although that’s still vital) – it’s keeping them. And keeping them happy.

Of course, this setup reduces operational expenses. Imagine having to only rent enough office space for 15 workers, rather than 30. And if you offer a commuting benefit, you’re only paying for gas or train or bus tickets for 15 people (or whatever the figure is). After all, it makes sense. Letting people work from home means you don’t need to pay someone to commute from their bedroom or kitchen to their spare room or couch or the like.

Let’s concentrate on one terrific benefit when you support remote working.

Look at that Big Candidate Pool – Just Look at it!

That is, when you support remote working, you’re allowing people to work who couldn’t before. The parent with the small child. The caregiver for an elderly parent. And, yes, the person who’s disabled, either temporarily or permanently. 

Your employee could be in a wheelchair, and it wouldn’t make any difference versus other employees who aren’t. They could have a child who needs attention. But so long as they get their work done, then things should be golden. 

Personally, I love working from home. And I am just about at a point where I wouldn’t even consider a company if they didn’t offer it (don’t worry; I’m not looking to jump ship). But yeah, it means that much to me.

Support Remote Working Credit Suite

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Support remote working for more than safety and health – it’s great for productivity, too. Plus, nine more fantastic tips!

#4. Ready, Set, Makeover!

So, check out this spectacular tip, all about giving your office a productivity makeover. After all, even as you support remote working, you may still have folks who’ve got to be the office. Under 30 CEO notes that your environment can have a serious effect on your productivity. One of their tips really surprised us.

Clutter, Clutter, Everywhere

You may be used to working amidst a lot of papers you’re not working on right now. 

Guilty as charged.

Don’t.

And here’s why.

Clutter can actually make you more creative. How? It has to do with being able to make unique and new connections. But that tanks your productivity. Once you’ve got the creative stuff going on, it’s time to buckle down and execute on your ideas.

So, maybe take out those papers and the like, whatever helps you get creative, to start. But then put them away when it’s time to get in gear and get things done.

#3. Initial Traction, then Scaling

So, it’s not your imagination: this winning tip can help you scale your efforts. Startup Professionals tells us your first job is to get traction. Of course, you should – otherwise, you won’t have a business!

But once you’ve gotten going, things are going to have to change. This is a part of the natural progression of startup ventures. Things need to slow down and pivot after a while.

Let’s concentrate on two separate tips.

Squeeze Those Pennies!

Can you get a volume discount? Or maybe a few percent off if you pay early? If you can do it, then go for little helpers like this. Get used to looking for the bargains out there. And get used to finding ways to defer payments. Hey, starting business credit is one great way to do that.

That’s one of the reasons why we here think it’s so awesome.

Selling is Everyone’s Job

Just adding sales to someone’s job title shouldn’t be necessary to get them to help with sales. This doesn’t mean everyone is hard selling and cold calling, etc. Rather, it means your employees are company advocates. This can even get into them telling their friends they like working for you (assuming they do, of course). More easily and cheaply attracting great talent is a terrific way to save money.

By the way, the article says to do this and we agree – reward people who help with this! Being a wonderful place to work is a pretty surefire way to convince your employees to tell your pals they, you know, actually like working for you.

#2. Job Candidates are People, Too

Well, of course they are. 

Our second to last unbeatable tip can give you a new perspective on improving the job candidate experience. Indeed reveals all about treating your future employees better. 

It’s hard to hire these days. So, why make it harder for yourself? 

I’ve been through a ton of job interviews and the hiring process varies wildly from place to place. This tip really resonated.

Don’t Wait Forever to Provide Feedback

At a certain point, a job candidate will think you’re ghosting them if you don’t follow up soon. At the absolute minimum, please let people know if they’re still in the running. And if they aren’t, then cut them loose.

#1. Is Disruption Compatible with Customer Satisfaction and Process Excellence? It Can Be

We saved the best for last. For our favorite remarkable tip, we focused on how industry disruptors can improve customer satisfaction and process excellence. Entrepreneur says these are not mutually exclusive goals. We recommend reading the article in its entirety, so instead we’ll focus on one particular point.

Map and Maintain Your Processes

YouTube is a disruptor. So’s Google. You honestly think they don’t have any processes in place? Of course, they do! Those are processes for everything from hiring to deciding on the color the walls in their offices.

Processes help with workflow. They save time and, by extension, money. The gist of it is – if it’s already been decided, then that’s one less thing to do. So, your business can be Disruption City. Just, stop reinventing the wheel all the time.

So, which one of our brilliant business tips was your favorite? And which one will you be implementing now? 

Support Remote Working Credit Suite

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Support remote working for more than safety and health – it’s great for productivity, too. Plus, nine more fantastic tips!

The post Support Remote Working and More –10 Brilliant Business Tips of the Week appeared first on Credit Suite.

Trump and Democrats both say workers affected by coronavirus pandemic should get paid sick leave

Republicans came out Thursday against a COVID-19 relief package introduced by House Democrats.

The post Trump and Democrats both say workers affected by coronavirus pandemic should get paid sick leave appeared first on WE TEACH MONEY LIFE SELF DEFENSE WITH FINANCIAL GOALS IN MIND.

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IndyCar cancels opener, races through April

IndyCar’s season opener, as well as all races through April, were canceled on Friday. The next scheduled race is the GMR Grand Prix on the road course at Indianapolis Motor Speedway on May 9.

The post IndyCar cancels opener, races through April appeared first on Buy It At A Bargain – Deals And Reviews.