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PEO Benefits and Business Funding 0

Posted on April 08, 2015 by Tiffany C. Wright
People working on laptops.

PEOs enable you to onboard employees without all the administrative headaches.

Venture capitalists like PEOs.

Venture capitalists like PEOs, the acronym used for personnel employment organizations. Why is this? Because PEOs enable rapidly growing enterprises to ramp up their hiring without getting bogged down in all the administrative tasks related to onboarding new employees. VCs like founders and co-founders to focus, focus, focus on running their start-ups.  Focus onn what, pray tell? On products, production, services, customer service, sales, and marketing.

PEOs handle hiring-related administrative details.

PEOs handle all the administrative details related to hiring. They provide interview forms, interview guidelines (what not to do), I-9 and W-4 forms, ready-made templates, and HR and related training. The list goes on. PEOs also provide benefits and benefits administration, which are key to enticing new employees. Through PEOs small businesses gain access to 401K plans and health care benefits at large company, group rate pricing because the PEO combines employees from all the companies it contracts with.

PEOs help companies hire fast.

In addition, when a company is growing rapidly, it’s doing all it can to hire people fast enough to cover demand. If the management team had to focus on more of the human resource activities than recruiting, interviewing and ensuring a good fit, how could the management team be sure they focused properly on the other areas necessary to support rapid expansion? Answer: They could not.

To read more on the subject, read the article Benefits of Personnel Employment Organizations (PEOs) .

Akron Author Launches Business Funding Book at Book Signing Event 1

Posted on November 13, 2014 by Tiffany C. Wright

The Funding Is Out There! book cover

FOR IMMEDIATE RELEASE

Contact: Trevor Wright

404-642-0509

e-mail: media@theresourcefulceo.com

Local Author Launches Business Funding Book at Book Signing Event

Author of the new business financing how-to, The Funding Is Out There! Access the Cash You Need to Impact Your Business, is bringing her message to the greater Akron, Ohio community through an area book signing. Stop by to meet her and discuss business funding concerns.

Tallmadge, OH – Local business and finance writer and entrepreneur Tiffany C. Wright of Tallmadge will debut her book, The Funding Is Out There! Access the Cash You Need to Impact Your Business, as part of a multi-author book signing event at Barnes and Noble in Akron at 4015 Medina Road on Saturday, November 22 from 1-4 pm.

Tiffany C. Wright, is the founder of The Resourceful CEO, which provides small and medium business owners with the productized services, training and tools they need to achieve higher business cash flow and profitability. In addition, she is a former business consultant and serial entrepreneur who has advised a number of businesses over the years. Tiffany has been featured on radio and podcasts and brings humor, passion, and creativity to her work.

Tiffany makes finance and financing easily understandable for the typical entrepreneur who focuses more on the actual product or service delivered, or on marketing and sales, and finds financing a necessary yet difficult evil. She has helped dozens of business owners who had difficulty locating and obtaining financing for their ventures find the solutions they needed to grow their businesses. According to Tiffany, “In, The Funding Is Out There! I discuss a number of business funding solutions that many business owners are not even aware exist…and how to obtain that funding. And I do this with a sense of fun and humor. Financing can be boring but when you think about what it can do for you, it becomes more exciting. This is what I convey.”

Tiffany continued, “I am excited to be launching The Funding Is Out There! at Barnes and Noble in Akron. I grew up in the Akron area so Akron will always be near and dear to my heart. I’d love for business owners and aspiring entrepreneurs to stop by and ask me any questions they may have regarding business funding. I love to help people achieve their dreams.” Tiffany will be available for book signings and questions from 1-4 pm on Saturday, November 22, at Barnes and Noble in Fairlawn.

Tiffany is available for interviews and appearances. For booking presentations, media appearances, interviews, and/or book-signings contact Trevor Wright at 404-642-0509 or media@theresourcefulceo.com .

Engaging Business Funding Expert Announces Radio and Podcast Interviews 0

Posted on September 10, 2014 by Tiffany C. Wright

Tiffany C. Wright, the author of The Funding Is Out There! Access the Cash You Need to Impact Your Business, will be the featured guest in several upcoming radio and podcast interviews. She will appear live on the Michael Dresser Show, Dresser after Dark, on Tuesday, September 9, at 5:55pm ET.

via Engaging Business Funding Expert Announces Radio and Podcast Interviews.

Three Creative Ways to Access Business Funding 0

Posted on September 05, 2014 by Tiffany C. Wright

The Funding Is Out There! book coverTallmadge, OH – Below are three of the numerous ways business owners can obtain financing, taken from the informative new book, The Funding Is Out There! Access the Cash You Need to Impact Your Business. These three business funding sources apply to companies whether they have $250,000 in revenue or $25 million. Businesses currently seeking funding can put these sources to immediate use. Otherwise, use these sources to generate ideas and spark your creative thought process to access the cash you need to impact your business.

Barter/Swap. As a business owner, you have a product or service that someone wants — and therefore something to barter or swap — or you would not be in business! When I was at Enron, we entered into swaps to trade space on one telecom network for space on another. And yes, GAAP recognizes barters and swaps as a legitimate revenue source or expense. Bartering positively impacts your bottom line and conserves your operational cash flow.

Find a strategic investor. Strategic investors invest actual funds into your business, while generally operating as a strategic partner. Ask yourself: “Is there at least one Fortune 1000 or other large company that could benefit directly from my company’s product or service offering?” If so, reach out to those companies. It is often less risky for those companies to invest in smaller companies developing a new technology, service, methodology, or procedure than to attempt to do it in-house.

Tap your suppliers. For most distribution and manufacturing companies and certain service companies, payments to suppliers are one of the largest expenses the company incurs. If you are rapidly expanding and need funds to pay suppliers, ask your suppliers to advance you the money.  If you can successfully make the case that your expansion will significantly increase your supplier’s revenue, you may induce your supplier to provide a short-term or mid-term loan. At the very least, you can negotiate extended payment terms.

For more tips on financing your business, information about The Funding Is Out There! Access the Cash You Need to Impact Your Business, or speaking to your organization, please visit http://www.thefundingisoutthere.com or contact Trevor Wright at 404-642-0509. The Funding Is Out There! is also currently available on Amazon and will be available everywhere on October 1.

About Tiffany C. Wright

Tiffany C. Wright is the president of The Resourceful CEO, a company that delivers informational products and services to provide business owners with a de facto member of the executive management team. In addition to helping former clients obtain funding, she has helped companies in various industries significantly increase revenues and improve profitability. She has an MBA from the Wharton School at the University of Pennsylvania in Finance and Entrepreneurial Management.

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The Funding Is out There, Addresses SMB Funding Concerns 0

Posted on September 02, 2014 by Tiffany C. Wright
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Tallmadge, OH — (SBWIRE) — 08/28/2014 — Despite the recovering economy, business funding is still a major concern for many of America’s small and medium businesses. A new book, The Funding Is Out There! Access the Cash You Need to Impact Your Business, alleviates some of those concerns.

The Funding Is Out There! book coverThe Federal Reserve Bank of Cleveland published the following, based on its research, “the fraction of nonfarm, nonresidential loans of less than $1 million—a common proxy for small business lending—has declined steadily since 1998, dropping from 51 percent to 29 percent.” Although this statistic is due to a combination of factors, it bodes poorly for the majority of business owners who primarily pursue bank loans as their source of business funding. The new book, The Funding Is Out There! Access the Cash You Need to Impact Your Business helps business owners identify and pursue other options that are more suitable to their businesses’ stage and industry, thus arming business owners with options.

Most small and medium business owners excel in one area of expertise – for example, a particular trade, marketing, or sales – but few have a strong finance background. In addition, very few small and medium businesses employ Chief Financial Officers and when they do, most of these CFOs focus on minimizing taxes or streamlining accounting operations. Accounting is not finance and, consequently, business owners and their management team often find it difficult to tap into the base of knowledge needed to obtain the business funding they seek.

According to Tiffany C. Wright, the author of The Funding Is Out There! Access the Cash You Need to Impact Your Business, “In running small and medium businesses and advising business owners, I realized that many SMB owners hit the business funding wall because: 1- They did not know the multiple sources of available funding; 2 – They did not know or understand the funding type or source that best fit their particular businesses; and/or 3 – They did not know how to package their funding request to meet the needs of the funding source. Therefore, I wrote The Funding Is Out There! to explain how to do all of this and I do so in easy-to-understand language, using examples and case studies from my many years of experience.”

The Funding Is Out There! is now available in eBook format on Amazon. Its release date in softcover and hardcover in bookstores is October 1.

Interested parties can obtain an advance physical copy through
http://www.thefundingisoutthere.com

About Tiffany C. Wright
Tiffany C. Wright is the president of The Resourceful CEO, a company that provides informational products and services to provide business owners with a de facto member of the executive management team. In addition to helping former clients of her interim CFO and COO services obtain over $40 million in funding, she has helped companies significantly increase revenues and improve profitability in industries ranging from IT to construction to business services. She has an MBA from the Wharton School at the University of Pennsylvania in Finance and Entrepreneurial Management and a BS in Industrial Engineering from The Ohio State University.

Small Businesses Continue to Obtain Business Funding 0

Posted on August 21, 2014 by Tiffany C. Wright

The Funding Is Out There! book coverAtlanta, GA — (ReleaseWire) — 08/20/2014 — If you tune in to the pundits and news reports, small businesses continue to have a difficult time obtaining business funding due to the contraction that occurred in the banking industry as a result of the financial crisis in 2008 / 2009 and the ensuing credit tightening.

“Lack of capital is never the real, root issue, although it continues to be a bigger issue than before the recession hit. Small businesses can obtain capital in 2014. However, the primary issue is lack of knowledge of the different types of funding and financing and how to access that capital. In addition, the younger the business, the fewer the funding sources,” says Tiffany C. Wright, author of the new eBook The Funding Is Out There! Access the Cash You Need to Impact Your Business. “Unfortunately, most small and medium business owners and managers are wholly unaware of the variety of funding sources that exist for their business type. If they are somewhat aware, then they are highly unprepared to meet the funding requirements from both a relationship and financial packaging perspective.”

Wright asserts that there are always several business funding alternatives available for any small business. To access these sources, entrepreneurs and business owners must educate themselves and think creatively. “Most business owners think of bank financing when they hear ‘debt’ and venture capital when they hear ‘equity’. While these two sources provide a significant amount of small business funding, there is a vast pool of available capital from other funding entities that provide working capital and growth capital. Small and medium businesses can even tap into financing that looks somewhat like debt and somewhat like equity.”

The Funding Is Out There! Access the Cash You Need to Impact Your Business has over 30 in-depth yet succinct case study examples of what other real business owners have done to raise capital to grow their businesses. The material covers not just what is available but the how to obtain it – websites, templates, what works best and why for a particular business type. It includes everything from pursuing business-friendly community banks to forming strategic alliances to tapping supplier financing. This eBook shows business owners how to raise the capital they need to move out of survival mode and grow their business. The Funding Is Out There! helps business owners lay the financial framework to create a viable, sustainable business to sell or pass on.

According to the U.S. Census Bureau, as of 2011, there were nearly 5.7 Million firms with employees in the U.S. 3.5 Million firms had 1-4 employees and another approximately 1.0 Million firms had 5-9 employees. Only 81,243 companies had 100 – 499 employees and even fewer, 17,671, had 500 or more employees. Therefore, small businesses have a huge impact on the economy. Wright says, “We must strengthen more small businesses into larger, more viable, and more financially stable firms. By doing this we ensure the continued strengthening of the American economy.”

The Funding Is Out There! Access the Cash You Need to Impact Your Business can be ordered from Amazon, online at http://www.amazon.com/Funding-Out-There-Access-Business-ebook/dp/B00JW3FYGG/ref=sr_1_1?s=books&ie=UTF8&qid=1400191594&sr=1-1. The price is $9.99. For more details visit http://www.thefundingisoutthere.com.

Small Business Funding Scenarios 0

Posted on September 27, 2012 by Tiffany C. Wright

Enjoy this post by a guest writer. -TW

Small Business Funding Scenarios

By Matthew Deutsch

There are a number of different ways that you can appropriately receive the capital that you need in order to develop or expand your business operations. The most common method of financing a small business is to obtain a line of credit or a bank loan in regards to this matter. Of course, with the economy having substantial issues, the number of banks providing conventional business loans is limited. This is due to the fact that the risks associated with providing a new business loan are extremely high. As such, many people have turned to the Small Business Administration in regards to receiving a guarantee on this type of financing. The SBA often provides a total guarantee of up to 80% of any specific credit facility. However, it should be noted that you will still need to have the appropriate collateral and credit score in place if you are seeking financing via this method.

The second most common type of funding scenario is through the usage of funding from friends, family, or angel investors. These private investors often want a piece of the business in exchange for the capital that they provide to you. It is important to use a significant amount of caution when you are dealing with friends and family. As a rule, you should conduct all of your capital raising transactions on an arms length basis. If you are using angel investors then you are your certified public accountant should work closely together to determine a fair percentage of your business to sell to a third party. A CPA can provide you with a preliminary valuation of your business when you are working with angel investors or venture capital firms.

In closing, there are many different ways that you can obtain the capital that you need. However, each funding scenario has its strengths and weaknesses. In the case of debt capital, you will not need to provide any part of your business to a third party, but you will be required to pay a substantial monthly interest and principal repayment. In the case of equity capital, you are going to need to sell a portion of your business to an investor that could potentially take control of your business if you do not execute your plan properly. As such, you should take all of these issues into account when you are determining which type of capital is best suited for your business.

Angel Investor List Download. No registration required! Includes Free Business Plan Template.

Matthew Deutsch is a prominent business plan writer. His work has been included in nine books pertaining to this subject. Additionally, Mr. Deutsch has written extensively on subjects regarding entrepreneurship, small business lending, angel investing, and other related topics.

Article Source: http://EzineArticles.com/?expert=Matthew_Deutsch
http://EzineArticles.com/?Small-Business-Funding-Scenarios&id=6663574

 

 

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