You review your goals to make sure you are still headed in the right direction. Each year, you review your employees to help them grow and succeed. In this review of OnDeck Capital, CanCapital and IOU, you will learn that they may not be right for your company.
Why OnDeck Capital, CanCapital and IOU Are Not the Best Choices for your Business
As the 1,000 pound gorillas in the industry, these companies know how to throw their weight around. They inundate the airwaves with ads and misleading promises.
Companies like OnDeck Capital, CanCapital and IOU count on the fact that many business owners don’t have the time to look around for a good business loan. Therefore, a business owner will go to the website of the biggest lenders, submit an application and accept what is offered.
Unfortunately, what they offer are expensive fast business loans with long term commitments. They typically charge excessive fees on top of the loan that can take you years to repay.
In addition, you must have excellent credit for them to even look at your application. However, this may not be done by a real person. They often use computer algorithms for approval decisions, without ever talking to you.
What’s better than OnDeck Capital, CanCapital and IOU?
Companies like Financing Solutions (www.financingsolutionsnow.com) have better approval rates and better financing alternatives. Also, they offer one of the most important tools to businesses- a line of credit.
At Financing Solutions, funding decisions are always made by the owners of the company. They look beyond credit scores when reviewing your application. In fact, more than 90 percent of applicants are approved for quick business financing.
The process is fast and easy, with same day approvals. A line of credit is an ideal solution for short term business needs.
Review of the Best Performing CEOs and What You Can Steal from Them
No matter what industry you are in or how many employees you have, you try to be the best business owner possible. It probably doesn’t help when you see some CEOs who deliver a strong performance every year in spite of the economy or setbacks. Instead of resenting these powerhouses, learn how to use their accomplishments to make your own business better.
Business mogul Warren Buffet says that he spends a majority of his day learning to better understand business, markets and opportunities. While you may not be able to give a whole day to research, make sure you dedicate some time to do your homework. Find out about what your customers want and trends in your industry. This way, you will be poised to take advantage of whatever comes next.
Ultimate Software CEO Scott Scherr strongly believes in taking care of his employees. He has even sacrificed his own equity compensation during tough times so his staff would not lose health insurance and retirement benefits. Although you might not be in a position to walk in his shoes, you can follow his lead. Remember that your employees are on the front lines of customer satisfaction. Give them opportunities for advancement, input and flexibility. And of course, always make payroll on time.
Sam Walton, CEO of Wal-Mart said, “Capital isn’t scarce. Vision is.” You can get more fast business funding for your business from Financing Solutions. With their help, you can climb as high as you dare.