The Professional Theory of Everything
To stay ahead in business, you have to rely on discovery. This reliance can be applied to trends and investments, but it also needs to be applied to the business itself. Organizational development requires a little bit of everything, including:- Communications
- Anthropology
- Sociology
- Psychology
Planning: Organizational Development in Action
The difficulty in this process is that many businesses forget to take stock of where they are, before running ahead looking for deliverables. Evaluation of where your company is, where it’s going, and how to get it there has to be your first step. Throw the fly-by-night strategy out the window, put pen to paper, and actually develop an implementation plan that gets your company from point A to point B. According to the Harvard Business Review, taking the time to examine your company’s target market, functional competencies, and future capabilities will pay off in productivity levels. By focusing on operations more than investments, you get more out of the company as a whole. That translates into a productivity increase that can be two times the industry average, once your plan is implemented. Given time, this increase will develop into steady growth that out-performs the competition. When you’ve fostered productivity and growth, how do you maintain it? You create a performance-driven culture inside your company structure. From the top of the chain of command to the managers and on down, everyone is goal-oriented. If everyone is goal-oriented, goals get achieved. As each goal is achieved, you can raise the performance bar to insure that you keep a competitive edge. The end result is greater employee retention, an industry leading performance, and a structure that is flexible, efficient, and easy to track. No one walks away overburdened, confused, or under-utilized. Success is shared along with the responsibility that is required to achieve it.That’s the Ideal; Now, Let’s Get Real
As great as this advice is, can anyone see the missing piece? You need resources to put this plan into action. Small business owners don’t often have the luxury of investors. Rather than walk away from the table empty handed, get the funding you need to test out your own model of success. A merchant cash advance may not be the type of funding you’re looking for, but that is just one of AFN’s many unsecured options. Go online to www.advancefundsnetwork.com and find your solution.Frequently Asked Questions
What is a merchant cash advance and how does it work?
A merchant cash advance (MCA) is a type of alternative financing where a business receives a lump sum of capital in exchange for a percentage of its future sales. Instead of a fixed monthly payment like a traditional loan, repayments are made as a percentage that is calculated and converted into a daily , weekly bi weekly or monthly payment. Payments can be adjusted based on their sales in most instances, meaning payments fluctuate with business revenue. This makes MCAs particularly appealing for businesses with variable income, such as retail shops and restaurants, as payments adjust based on cash flow.
What are the advantages of choosing a merchant cash advance over traditional loans?
One of the biggest advantages of an MCA is speed and accessibility—funds can often be deposited the same day, within 3-4 hours, whereas traditional loans may take weeks for approval. Additionally, merchant cash advances don’t require collateral, making them a viable option for businesses that lack physical assets to secure a loan. Unlike fixed-term loans, the repayment structure of an MCA adjusts with sales, which can provide relief during slow business periods.
Can I qualify for a merchant cash advance with bad credit?
Yes, merchant cash advances (also called ‘business cash advances) are often available to businesses with poor or limited credit history because approval is based primarily on revenue rather than credit score. Lenders typically review a business’s monthly bank statements, especially deposits and ending balances to determine eligibility, rather than relying on creditworthiness alone. However, while MCAs offer accessibility, they tend to have higher costs compared to traditional loans, so it’s important to carefully evaluate the repayment terms before accepting an offer.
How can a merchant cash advance support my business's growth and operations?
A merchant cash advance can provide immediate working capital that can be used for inventory purchases, equipment upgrades, hiring staff, or covering emergency expenses. Because funds are typically unrestricted, business owners have the flexibility to allocate the capital wherever it is needed most to drive growth. This can be especially beneficial for seasonal businesses or those experiencing cash flow gaps, as MCAs provide fast financial support without the delays and strict requirements of bank loans.
