The expenses and overhead that accompany making a Small Business become big, are becoming bigger and bigger day by day, making it increasingly difficult to compete and pass on the types of generational businesses we were used to seeing pass through 10 and 20 years ago… The ones that grew into Walmarts, Targets, McDonalds and other behemoths.
These big players have deep pockets, which affords them pricing power, volume discounts, unlimited advertising budgets; giving them national branding, exposure and presence.
Even harder for the small guy….Red Tape, hoops to jump through, bureaucracy equals a higher cost of doing business, more time spent with paperwork and attorneys and less time spent on business, the days of doing business on a handshake are over unfortunately, for good…
Small Business can’t run on fumes, they need sufficient capital to run smoothly, this is the biggest challenge – Passion will only take you so far without the purse, because there is a lot of downtime before you can build a successful business, you may need to try many different strategies, before you find the right one – and this trial and error can be costly without revenue or profits. As passionate as business owners are, when the bills start coming in and the lights need to stay on, they may move on….
Luckily, Alternative Online Lending Solutions such as Kabbage are now available, making it much easier for Small Businesses to access capital. These types of sites, cut out the red tape, with instant lending decisions, no paperwork, no faxing, no unreturned phone calls, no waiting weeks for bad news…. They are giving it to you strait forward and fast – This is why they are gaining popularity in the Small Business Arena.
(http://www.kungphoo.com) is an easy to use, Dynamic Advertising Marketplace. You can buy, sell, promote or search for anything collectively with like-minded individuals by creating purpose-based ‘circles’ that people can join to talk about or take advantage of. Listings are promoted within the kungphoo marketplace, Social Media and across the web.