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9 Jun 10

Phone Answering Service PhotoThe integral role played by the telephone as a business communication tool accounts for the growing importance of answering service businesses. All businesses, whether a physician’s private practice, a small construction company, or a conglomerate, rely on the telephone as one of the fastest and most reliable communication tool in their businesses.

Anyone with a busy schedule and a telephone needs an answering service! Answering service can be a real lifesaver to a small business.  Many small businesses have neither the time nor the means to take incoming calls during business hours when they are out on jobs — yet those calls represent the very lifeblood of their business! They cannot afford an office; much less a secretary, but they certainly need those phone calls. Unless they can find a reliable and affordable answering service, they will probably have to do without (or ask people to call them only after 7 PM) or use an answering machine (which has a whole set of disadvantages).

Yes, you indeed can use an answering machine but the fact is that people really do not like to talk to machines, if they are unable to reach a human voice easily, they will go somewhere else – it’s a lost business opportunity.

Fortunately, employers are recognizing this problem and solving it by contracting people to answer the phones when they cannot do it themselves. That personal touch you can offer can mean the difference in obtaining or keeping a client. Hiring a professional answering service business assures that you can take messages, deliver specific messages to callers, provide basic information, clarify the intent of calls and even arrange meetings with customers.

It’s always in the best interest of small companies to hire an answering service provider to work for the company during the extended business workday, say from 8.00 AM to 8.00 PM or may be even for the rest of the day if your business needs it. Now it doesn’t costs an arm or a leg to hire an answering service. Generally, in a competitive market you can get it for as cheap as $30-$50 per month on the lowest slab! So go and hire an answering service provider so that you never lose that customer again.

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Filed under: Business

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7 Jun 10

 How Small Business Get Cash Advances? PhotoA growing number of small businesses that have previously faced obstacles getting working capital now have a practical solution they can bank on. They’re taking a cash advance on future credit card receivables. This method of getting needed capital is gaining momentum, particularly in light of the inundation of Small Business Administration loan requests during recovery efforts on the Gulf Coast.

The cash advances taken by these credit-worthy businesses are called Merchant Cash Advances and are completed without the time, documentation and availability issues associated with a traditional loan.

Here’s how it works. Companies such as advanceme.com, the nation’s leading provider of merchant cash advances, purchase a portion of small- and mid-size businesses’ future credit card sales. These assets, which traditional lenders and investors do not value, help business owners to access capital quickly and easily without leveraging their homes or other personal assets. Businesses simply sell AdvanceMe a portion of their future credit card sales at a discount in exchange for a lump sum of working capital today.

The process has a number of advantages for merchants:

  • It helps small businesses manage their cash flow throughout the year. This is especially valuable to businesses whose day-to-day operations are impacted by seasonality, such as those in small college towns. It gives them access to the cash necessary to weather the seasons, whether or not it’s their busy season.
  • Often, a Merchant Cash Advance is preferred over a traditional bank loan because payment of the obligation is directly tied to the merchant’s revenue. In this way, the Merchant Cash Advance Vendor only gets paid when the business gets paid.
  • It provides business owners with the capital to fund marketing and advertising campaigns, purchase equipment, train employees and/or attend industry seminars, which they might otherwise not be able to do.

Filed under: Business

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