If you were inspired by our advice earlier this year, your holiday plans might already be finalized. If that’s the case, start figuring out what you hope your small business can accomplish in 2017. It’s never too early to start planning ahead, after all.
Even if you haven’t finished drafting your holiday plans just yet, you still might want to start directing some resources toward your approach for 2017. The holidays go by in the blink of an eye. The earlier you figure out what you want to accomplish next year, the more comfortable you can become as we inch closer to January.
The last thing you want is to be blindsided by some unforeseen variable the moment you put your 2017 plans in motion. The good news is that by doing your due diligence ahead of time, you’ll be able to reduce the likelihood of any major surprises as you move into the New Year.
Plan ahead and you might find out, for example, that your small business needs to make some strategic moves that you’ll need money to cover. If you’re anticipating a cash flow gap, you can take some time to figure out what financing options are at your disposal—which sure beats having to survey your choices when you need cash right this second.
So what are your options? If your small business needs cash, you probably won’t want to apply for a traditional business loan. They’re exceptionally difficult to qualify for, and the application process can take forever, too—information that’s good to know ahead of time. Instead of wasting energy applying for loans you’re unlikely to get, you’d probably be better off looking for small business loan alternatives.
If your company routinely waits on customers to pay their bills, an invoice financing service like Fundbox might be just the financial vehicle you’re looking for. Fundbox allows you to advance payments on outstanding invoices. The money’s available in your account within a day or two, and you then have 12 weeks to repay the advance, plus a small fee. You could also opt for a 24-week repayment plan. With Fundbox, you can put your receivables to work right away instead of waiting for checks to come in.
There’s no sense in waiting until 2017 to figure out that you need additional financing to meet your goals next year. Start planning ahead today, and you’ll enjoy a seamless transition as we move into January. It’ll be that much easier to accomplish what you’ve set out to do.
Ready for more?
Apply for funding and find out if you qualify today