5 Things You Should Avoid Doing if You Want to Keep Your Employees Happy

In order to keep your employees happy, you’ll need to make sure that you don’t do certain things. There are plenty of things you could do that would make your employees feel appreciated and valued, but if you choose not to take these precautions, it can lead to bad employee relations, which leads to employees quitting on you. Read on for five things you should avoid doing if you want to keep your employees happy.

1) Don’t Take Away Their Responsibilities Without Asking Them

If you’re looking for a new way to motivate your employees, try not taking away their responsibilities without asking them first. Many small business owners complain that their workers aren’t motivated or driven enough—but what they might not realize is that their managerial style could be the source of dissatisfaction. When it comes down to it, people are driven by motivation and reward—so don’t jump right in and assume that you know what your employee wants more than they do! To really get a sense of where your employees’ priorities lie, ask them what they think would be best for moving forward. They may have some great ideas that you never thought of before!

2) Don’t Hold Back From Promoting Them

One of your biggest assets as a small business owner is your employees. But when you’re a new business, you may be reluctant to push for promotions for certain members of your team or offer bigger salary increases than you can really afford. While that might save you some money in the short term, it can be much more expensive in terms of productivity—not to mention it could even cost you some employees down the road. If an employee is being productive and working hard, give them what they deserve by promoting them and providing rewards that go beyond just a raise. It’s good for both parties involved in more ways than one.

3) Don’t Leave Them in the Dark

Small businesses should always let their employees know what’s going on behind closed doors. Regardless of how wonderful your business is, things will go wrong from time to time—and letting your employees know about it means they won’t be blindsided when you suddenly have to implement a new policy or change procedures. Keeping up with communication makes both your workers and your customers feel as though they are part of a team, which will make them want to stay longer at their job. 

4) Let Them Know They Can Trust You

If your small business employees feel that they can trust you as a leader, you’ll build loyalty. Small business employees want leaders who are not only good at what they do but also dependable and honest. With honesty and reliability comes respect. And with respect comes loyalty. When someone is happy where they work, they rarely look for other jobs. Show your employees you appreciate them by being trustworthy, reliable and loyal. As long as you keep their best interests in mind, it’s likely they will return that respect – and stay with your small business for a long time to come.

5) Make Sure There is Room for Improvement

The most dedicated employees often turn over in organizations where there is no room for growth. If you want your employees to stick around, make sure they can grow within your company. Giving them opportunities to learn and develop skills will ensure that they stay happy at work and continue performing well. At my company, we have team members who have worked with us for almost a decade because they are able to take on more responsibilities as our business grows—they know that there is room for improvement and they feel like their hard work will be rewarded. A happy employee is an engaged employee, which leads to increased productivity and profitability for your organization as a whole.

How United Funding Group can help your small business

Maybe you’re a small business owner, and like many entrepreneurs, your cash flow is super tight. Maybe one of your employees just quit without notice and it’s leaving you scrambling for help. Or maybe you need a new piece of equipment or software that would really make your company run smoother. Whatever it is, United Funding Group can help you with a merchant cash advance.

Merchant cash advances are short-term, small-dollar loans meant for businesses that need a little extra cash in a pinch. The repayment terms for MCAs are designed so businesses can get what they need and pay it back without having to make a big change to their cash flow. MCA financing options from United Funding Group also help businesses keep employees happy by providing them with quick access to funds. 

To learn more about how United Funding Group can help your small business with a merchant cash advance, give us a call. We’ll walk you through our merchant cash advance financing process and make sure you understand what it is, how it works, and how much it costs. And because we don’t ask for collateral or personal guarantees, we offer every customer top-notch customer service, even if they’re first-time customers. To learn more about how United Funding Group can help your small business with a merchant cash advance, give us a call today at 1-954-287-4539.

How to Use Facebook Ads to Grow Your Small Business

Most small businesses never grow past their first few years of operation, and many don’t even survive that long. But there are thousands of examples of small businesses that have succeeded in making it to become large companies with hundreds of thousands or even millions of customers. If you want your small business to be one of these success stories, you need to set yourself apart from the competition with an effective ad campaign that will drive customers to your business and keep them coming back time and time again. This article will show you how to use Facebook ads effectively to grow your small business.

4 Ways Facebook Ads Can Help Small Businesses

Facebook is a proven source of targeted traffic for small businesses. Here are five ways you can use Facebook ads to promote your small business 

  • Facebook Offer – By offering $5, $10, or more off select products, you’ll drive customers directly from your ad straight to checkout. 
  • Lead Generation with Facebook – When done correctly, lead generation on Facebook will grow leads and sales at an exponential rate! 
  • Event Promotion – Holding an event? Promote it and bring new customers into your store by offering early ticket discounts or free giveaways! 
  • Facebook Video Ad Promotions – Do you have a video series or want to make video content that helps people solve a problem or learn something new? Run video ads.

An Estimated Reach of 40 Million Users Everyday

Even though Facebook is now giving preference to organic posts over paid ads, targeting your audience on Facebook can still be a powerful way for small businesses to grow their reach. According to an AdWeek report, approximately 40 million users are exposed to content on Facebook every day through targeted campaigns and organic posts. While you’re likely familiar with traditional forms of advertising—such as billboards or print magazine ads—you may not have considered using social media sites like Facebook and Twitter as a way of getting your business in front of new people. Small businesses should definitely explore advertising opportunities on popular social media sites; according to Social Media Examiner, 86% of marketers rate social media as effective or very effective when it comes to generating leads and improving sales.

A Targeted Audience

Before you start running Facebook ads, first you need to find your target audience. Start by thinking about who’s likely to buy your product or service. For example, if you run a gardening business, look for people in your area who are interested in lawn care or landscaping; chances are that many of them also have yards. Try identifying users based on their interests: If they’re following any specific gardening groups on Facebook, for example, then you know they probably care about plants and gardens.

The Ability to Retarget Users Who Click on Your Ad

After choosing your target audience, you can use a retargeting strategy to reach users who have already visited your website or landing page. Retargeting is essentially an advertising method that allows you to follow potential customers around online by showing them specific ads based on their previous browsing activity. With small business advertising, you should work backward from your end goal. If you want more people to visit your website, consider which platform will give you access to those people in order make it happen: Google AdWords or Facebook ad manager?

Affordable Cost Per Click Rates

If you’re just starting out, you might think that a high cost per click is necessary. But before you get scared off, consider these two factors: The first is how much your product or service will cost and whether there are any competitors in your industry. If it costs $10 for a customer to purchase from you, then paying $0.60 for them to see an ad isn’t so bad after all. On top of that, if there aren’t any companies advertising against your specific keywords, then there won’t be as much competition—and you can save on those bids too!

A $5 Budget Can Get You Far

Before you launch your Facebook ad campaign, it’s important to set a budget for how much you plan on spending. You should expect to spend between $1 and $5 per day, depending on your company size and product/service offering. Some businesses can find success with a much higher budget than that (think $50+), but anything below $1 is unlikely to bring any results. With that said, don’t go overboard either! The idea behind a small budget is that it allows you control over which ads are being shown—the more times you can test out what works best for your business, the better.

Using a Merchant Cash Advance to Fund Your Ad Campaign

If you’re trying to grow your small business, you might want to look into advertising on Facebook. It can be a tricky and expensive process, but if done right (and with some support) it can pay off big time. However, using an advertising platform like Facebook means paying up front; a few hundred dollars per day could cost tens of thousands in advance. If you’re trying to expand quickly, or don’t have capital lying around, how do you fund your marketing efforts? A Merchant Cash Advance (MCA) from United Funding Group is an easy-to-use way to help fund business expenses that get paid back over time out of your existing cash flow. 

To find out if a merchant cash advance is right for you, contact United Funding Group at 1-954-287-4539 or fill out our online form. We can help you take your business to new heights! When used wisely, advertising can play a huge role in growing your small business and increasing sales. Contact us today to get started.

Top Financial Stresses that Small Business Owners Face

It’s easy to assume that all small business owners have a huge budget at their disposal – but the fact of the matter is that they face many of the same financial issues as the rest of us, only on a smaller scale. As such, this article will cover some of the most common financial stresses that small business owners face today, including how to deal with them and where to find help if you’re in over your head. Check out this article to learn more about some of the most common financial stresses that small business owners face today.

The Cash Crunch

Money is always on a small business owner’s mind. Whether it’s figuring out how to hire new employees or stay competitive in their market, a lot of thoughts and energy are devoted to managing cash flow. Unfortunately, as time goes on, one thing many business owners discover is that saving money can be as challenging as making it. However, with United Funding Group’s merchant cash advance program, you can solve your short-term financial needs and protect your long-term business goals by receiving funds in just one day. Learn more about how you can receive up to $500,000 via our merchant cash advance today!

Bad Credit

Having a bad credit score can make it difficult to secure a business loan, which is why many small businesses fail before they even get off of the ground. This can be especially true for first-time entrepreneurs. Luckily, cash advances are often available to help you with those start-up costs and fund your working capital. There’s no need to wait for banks or traditional lenders—you can work with United Funding Group today and get access to money in as little as 24 hours, so your business has all of its funding needs taken care of sooner rather than later.

Excessive Taxes

Taxes can often be a large financial burden for a small business owner. Tax preparation is one of those tasks you put off and dread until tax season, but it’s something you should never neglect. Not only will tax debt hurt your company’s credit rating, but also you can end up paying serious penalties and late fees in order to get caught up on your taxes. Working with United Funding Group can help lessen your stress by offering competitive merchant cash advances that are repaid over a period of time instead of taking out traditional bank loans or lines of credit.

Expensive Expansion

Every small business owner dreams of growing their company into a large corporation. But with those dreams comes a hefty dose of reality: Expensive expansion is a major financial concern for most entrepreneurs. This type of growth usually requires you to find more capital or tap into existing revenue streams in order to cover overhead costs. The easiest way to fund your expansion is through obtaining a merchant cash advance. Also known as short-term business loans, these financing products allow business owners to avoid high upfront costs and interest payments that are associated with traditional lines of credit and bank loans; plus, they can help you launch new ventures or take on additional workers quickly and easily.

Expensive Equipment

From small to large, every business needs equipment. This can include everything from computers and office supplies to cars and trucks. But when you own a small business, you often don’t have a big budget for equipment. Unfortunately, there’s no easy way around it. If you want your business to succeed in today’s economy, it has to stay competitive – which means having access to equipment like smartphones, laptops, and vehicles. There is a quick solution if your cash flow isn’t quite where it should be: a merchant cash advance. Contact United Funding Group today and see how we can help your business succeed.

Not Getting Paid on Time

Late payments from customers can be financially crippling for any business, especially those just starting out. Because invoices take time to prepare and send out, any delay in payment could mean having to come up with more cash than you thought necessary at first. Unfortunately, if you’re getting paid late regularly, it might mean less and less cash on hand until your credit score hits rock bottom and you can’t get a loan for what will amount to a business bailout. To avoid financial stress as a small business owner, make sure you understand your customer’s payment terms upfront—and stick to them religiously.

Losing Money on Inventory

One of your biggest expenses as a small business owner is inventory. And one of your biggest frustrations is probably when you purchase too much inventory and it goes unused or unsold. Even worse, many businesses find themselves in a position where they need to do costly custom jobs to sell off their surplus. Inventory mistakes can add up quickly and cause all sorts of stress on both your mind and bottom line. United Funding Group provides merchant cash advances that can eliminate these worries, allowing you to focus on what matters most: serving customers while growing your business.

Contact United Funding Group Today

United Funding Group is a direct funding source with a simple application process. Simply fill out our online application, and a United Funding Group representative will call you to answer any questions you may have regarding your merchant cash advance. We are committed to funding all business types and credit score ranges. If approved, we can wire your funds within 24 hours so that you have quick access to working capital—with no collateral required! Apply today and see how fast money can start working for you! See our full product offering here.

8 Benefits of Renovating your Office Space

How long has it been since you upgraded your office space? If you’re like most small businesses, the answer to that question is probably far too long—which means it’s probably time to get started on those upgrades! The benefits of upgrading your office space now go far beyond making your business look better; there are also plenty of business-specific benefits to consider. If you’re having trouble coming up with the funding to make this happen, though, don’t worry; that’s where a Merchant Cash Advance from United Funding Group can help!

1) Improved customer experience

When you renovate, customers can feel a difference. They’ll notice new furniture, fixtures, and technology. All these items provide benefits that help improve the customer experience. Customers notice when businesses make an effort to change things up and upgrade their office space. New furniture and decor will also lift employee morale which benefits both employees and customers. A place that looks modern and inviting will often attract more foot traffic than an older building with outdated fixtures. Improvements in small business offices show that you care about creating a positive experience for all visitors to your establishment, whether they are there for personal or professional reasons.

2) Increased productivity

Many small businesses don’t realize how much their workspace affects productivity and employee satisfaction. A cramped, uninviting space can make employees want to spend less time in it and more time at home. And that means lost work hours and lost opportunities to network with other local businesses. If you’re renovating because you are growing, consider investing in an open-concept design, which can boost employee morale by creating a sense of space and community—which is great for business networking. Open offices also allow natural light into workspaces, which improves moods and productivity, so even if there isn’t extra square footage available for each employee, consider using tall cubicles or partitions that offer less privacy but allow light through.

3) Employee performance

If your employees are comfortable and well-taken care of, they’ll be more productive. This holds true for everything from lighting to seating. Both are important when it comes to employee performance. A good lighting system can help improve concentration and make everyone feel more at ease with their surroundings. On a basic level, think about how much easier it is to work on something if you can actually see what you’re doing. It also helps if there isn’t glare that causes eyestrain or headaches after working hours in a fluorescent-lit office space all day.

4) Beautiful surroundings

Every employee wants to come to work in a healthy, inviting environment. Studies show that employees who feel positive about their workplace are more motivated and productive. Plus, they’re more likely to stick around and help build your business into something great. So why not set up an appealing office space? A simple way to do that is by renovating old offices and upgrading them with new furniture or amenities.

5) Keeping ahead of competition

Small businesses can also benefit from re-doing their offices. The workplace is one area that many small business owners tend to overlook when it comes to marketing strategy. In fact, most small businesses don’t even have a website and some don’t even have a social media presence, so how will anyone know about them if they are serious about attracting new customers? For any business – big or small – a modern office space can communicate professionalism and stability, both valuable assets in customer relations. A renovated office can set you apart from competitors as it gives potential clients a sense of what kind of business you run and who runs it. When people visit an outdated or run-down space, they may view that as an indication that things are not going well for the company.

6) Taking pride in what you do

A lot of small business owners take pride in their products or services and it shows. If you’re tired of paying high prices to rent office space, renovate your office space to match that feeling. From new desks to freshly painted walls, many companies look for ways to give their employees a professional and comfortable work environment. Investing in a clean, functional workspace can help attract top talent and show off what you’re working toward as an organization. 

7) Being environmentally friendly

We’ve talked about how environmentally friendly renovations can be good for business. In fact, many customers will choose businesses that are green because they believe those businesses are more conscious about their impact on the environment. That’s a win for everyone involved—and not just because you’ll be saving money on overhead expenses like utilities, but also because you’ll see an increase in employee productivity and morale. And if that isn’t enough to convince you to pick up a paintbrush and start sprucing up your office, consider that some businesses actually receive tax credits when they upgrade to green-friendly systems and practices. Talk about incentive!

8) Increasing employee morale

One of the biggest reasons why small businesses should renovate their office space is to improve morale. You can get a lot more done when you’re happier and more engaged. Good morale leads to higher employee productivity, which leads to greater profits for your business. It’s also worth mentioning that if you want to attract and retain great employees, you need a beautiful work environment in which they’ll want to work. In addition, people are going to judge you based on how nice your office is (even if they don’t consciously know it). Even if only subconsciously, employees will feel better about working at a company with an office that feels nice and clean, rather than one with ripped-up carpeting or gross bathrooms.

How a merchant cash advance will help you fund your project

A merchant cash advance, also known as an MCA, is a payment that you can get from a lender for your business. It’s especially valuable if you’re trying to renovate or expand your business and need extra funds. In addition to helping you with financing your project, MCA lenders also provide other useful services that can improve your business. If you’re interested in getting an MCA, take some time now before starting renovations or expansions—it will save you both time and money in the long run!

If you need cash and are looking for some extra funding, you should consider a Merchant Cash Advance from United Funding Group. From higher employee retention to lower operating costs, there are many reasons why your business would benefit from an improved office space. There’s no reason why any small business shouldn’t take advantage of these perks—and a Merchant Cash Advance from United Funding Group is just what you need to finance your renovations! 

To learn more about improving your office space today, contact United Funding Group today by filling out our online form or giving us a call at 1-954-287-4539. Don’t forget: if you’re looking for financing options that are designed with your small business in mind—including Merchant Cash Advances—we’ve got you covered there too! So don’t hesitate to speak with one of our representatives today.

Why Do Small Business Borrowers Opt for a Merchant Cash Advance?

Businesses have many needs, and finding the right financing solution can be a challenge. Cash flow problems are common in any business, so it’s good to know what you can do to prevent them from getting out of hand or even starting in the first place. With the help of an experienced merchant cash advance funding source like United Funding Group, you can start seeing the benefits of merchant cash advances now. Read on to learn more about why so many small business owners choose to use United Funding Group’s merchant cash advances when they need fast access to capital.

What Is a Merchant Cash Advance, Anyway?

A merchant cash advance, also called a business cash advance or online cash advance, is essentially an advance on your credit card processing fees. It works much like a traditional business loan and can be used to grow your existing business or start up a new one. If you run an e-commerce store or are in another industry where credit card transactions are processed by large third parties, you may qualify for up to $500,000 in financing—with rates that can be as low as 10 percent (compared with rates as high as 30 percent for small-business loans from banks). And unlike most bank loans, there’s no collateral required.

Why Do Small Business Owners Choose MCA?

In today’s economic climate, working capital can be hard to come by for small business owners. While banks may have rejected you in your time of need, there is an option that can help get you out of debt and back on track with little money down: merchant cash advances. In 2021 alone, United Funding Group sourced more than $500 million in short-term loans and funds to small businesses across America—and we are only getting started.

How Does The Application Process Work?

The application process is simple and fast. We will send you all of our forms electronically, and work with you every step of the way. Our underwriting department must make sure your business qualifies before we fund your loan, which means that it usually takes about 72 hours to get everything approved. But once we do, you’ll be off to start funding your next big project! The entire United Funding Group team is dedicated to providing first-class service from beginning to end—and beyond. You’ll have full access to our customer service agents any time you need us. Whether it’s day or night, during business hours or on weekends, we will always be there for you.

How Is the Money Distributed to Me, Exactly?

You’ll get your advance within 24 hours of signing your merchant cash advance agreement. The amount you get is based on a percentage of your daily credit card sales and can be distributed to you in one or multiple payments, depending on what you and United Funding Group agree to. Most borrowers receive 100% of their cash upfront, but there are some cases where additional fees are due up front. These fees are usually paid out by check or wire transfer, but United Funding Group does offer financing options to those borrowers who have been pre-approved. No matter how much money you borrow, however, you never pay back more than 20% of your daily credit card sales over 12 months.

Are There Any Fees Involved With This Type of Loan?

Many business loan types will include fees, and merchant cash advances are no different. The merchant cash advance from United Funding Group doesn’t include any origination or closing fees. In addition, your loan repayments are applied directly to your day-to-day business expenses so that you don’t have to worry about using profits to pay back your lender.

Useful Resources

If you’re looking to start or grow your business and would like access to more cash flow, you should speak with one of our merchant cash advance specialists at United Funding Group. We will walk you through each step of our process, so you know exactly what to expect during each stage. Our specialists can be reached at 1-954-287-4539, where we’ll answer any questions you have and explain how we can help put cash back in your business.

How to Easily Qualify for a Merchant Cash Advance

Looking to make an investment in your business? The merchant cash advance option from United Funding Group can help you grow faster and provide the resources you need to move forward with confidence. In this guide, we’ll discuss the basics of what a merchant cash advance is, how it works, and whether it’s right for your business. We’ll also answer common questions about how to qualify for one and how much funding you might be able to get through this kind of loan.

What Is a Merchant Cash Advance?

A merchant cash advance is an advance made to a business based on its future credit card sales. The business agrees to give its future credit card sales over to its merchant cash advance provider. In exchange, they receive money today in order to cover operating expenses and other day-to-day costs of doing business. To simplify things, you can think of it as someone buying your credit card sales in bulk so that you can receive payment today instead of 30 days from now. They take on all of the risks, which means if you don’t sell enough product, there’s no need for them to pay out anything; but if you do sell enough product, then they make money too.

Types of Loans Offered by United Funding Group

United Funding Group has more than 30 years of lending experience and a full suite of lending options available, including merchant cash advances. With fixed monthly payments and competitive rates, merchant cash advances are an ideal way to grow your business. And with no collateral required, credit scores aren’t important. If you want access to funding but don’t have an extensive financial history or high credit scores, it might be difficult—if not impossible—to find financing from another source. That’s where we come in. We offer fast loans backed by collateral as well as small-business lines of credit that can be accessed whenever needed. No matter what kind of loan you need, United Funding Group will work with you to determine which type works best for your company’s needs.

Benefits of Working with UFG

When you work with United Funding Group, we’ll help you understand how merchant cash advances work. With us, you can easily qualify—and we’ll guide you every step of the way. In fact, with UFG, it’s easy to see why our clients choose us time and time again: whether you need a business loan or any other kind of financing option that makes sense for your business plan; we’ll help guide your company through each step of its growth phase. 

The Easy Process

Most merchant cash advance providers are willing to offer loans up to $500,000. The funding amount you need will vary depending on how much money your business is losing each month and how fast you want or need to get back on track. You’ll be required to provide financial statements and other documentation, but your business won’t undergo any invasive audits from United Funding Group—it’s as simple as 1-2-3.

How Much Can I Borrow?

If you’re considering getting a merchant cash advance, you may be wondering how much you can borrow. In most cases, business owners borrow anywhere from $30,000 to $500,000. There are two factors that affect how much money a merchant cash advance lender will extend: 1) your monthly revenue and 2) your credit history. The higher your revenue and your credit score, the more money you’ll likely qualify for in an MCA loan. Please visit our website to learn more about how much we offer on our Merchant Cash Advance products.

Resources

Here are resources about merchant cash advance loans from United Funding Group. These may help you understand more about it and take the steps to apply. If you have any questions, please feel free to contact our team. We cannot wait to hear from you!