Small Business Can’t Run On Fumes - Passion Will Only Take You So Far Without The Purse

 

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.

 

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121 Thoughts on “Passion Without the Purse

  1. I’ve never heard of Kabbage before, sounds good though!

  2. This is awesome and a great read!

  3. Hmm, I’ve never heard of Kabbage before. Anything that helps small businessesg et up and running, though, is a plus in my book! Will have to head over and check them out 🙂

  4. I will look into cabbbage. I have never heard of it before reading your post. All I know is capital is hard to come by and starting small and growing over time to keep myself out of debt has always worked for me.

  5. Thank you SO MUCH for this! One of the hardest things about owning a small business is getting the money we need to expand and improve.

  6. new to me sounds very interesting thanks for sharing always looking for great ideas out there

  7. Great to know, I’ve never heard of Kabbage before

  8. Jennifer on April 21, 2015 at 10:26 am said:

    This is very interesting! Its great to hear about new ways for small businesses to get ahead!

    Jennifer Ashley
    http://www.prettylittledetails.ca

    • Sensei on April 24, 2015 at 7:16 am said:

      Things are coming up daily, but one of the hardest things to come by for a small business is capital.. and they help in a huge way!

  9. Crystal Wachoski on April 21, 2015 at 11:05 am said:

    You always give great advice!

  10. I’ve never heard of Kabbage before but it sounds interesting. I’m going to have to look into this more! Thanks for showing it to me!

  11. I have never heard of Kabbage before, but I will look into them now. I’m glad that there is a company out there looking out for the “little guy”.

    • Sensei on April 24, 2015 at 7:18 am said:

      Very true Travis! Thats why we posted about Kabbage.. we have allot of synergies with the small business communities!

  12. You are so right about the expenses. Thanks!

  13. You are right the big players have deep pockets and often don’t think twice about spending the money. With a start up or small business, we have to consider every penny!

  14. Ronda on April 21, 2015 at 2:27 pm said:

    Thank you for the useful information! I too have never heard of Kabbage , but they sound great!

  15. Fi Ní Neachtáin on April 21, 2015 at 2:32 pm said:

    Kabbage sounds like a really great thing for small businesses. Thanks for sharing!

  16. I’m all about helping small businesses succeed! I miss those days of mom and pop stores.

    • Sensei on April 24, 2015 at 7:20 am said:

      The big players are really making the Mom and Pop stores vanish.. they need places to go and ways to compete..with Kabbage, they will have the capital to do just that, and with Kungphoo, it gives them the place to launch it all.

  17. Kabbage is a new company I’ve not heard of before. Anything that helps the plight of the SBO is something worth looking into. Thank you for enlightening us about their services.

  18. Great read! Thanks for sharing:)

  19. I have never heard of Kabbage before but it sounds like a great service for small businesses.

  20. You are so right a small business can’t run on fumes alone. This is the first I have heard about Kabbage, so I need to check it out further.

    • Sensei on April 24, 2015 at 7:22 am said:

      Check into them Terry.. small business and start ups need as much help as they can, and that is why Kabbage and Kungphoo are such great resources.

  21. I haven’t heard of Kabbage either. I’m so glad that there are companies put there to help the smaller guys.

    Thank you for sharing this resource.

  22. I haven’t heard of Kabbage, but seems great for small business owners. Glad they are out there to help the little guy!

  23. I have never heard of Kabbage before, but it sounds like it could be very helpful! I definitely hear what you’re saying about how difficult it can be to start and run your own business!

  24. That’s a really cool way to get your business running. Small businesses definitely do not have it easy.

    • Sensei on April 24, 2015 at 7:26 am said:

      No they do not.. and that is why Kungphoo and Kabbage have a great synergy.. we try and make it as easy as possible.

  25. It’s good to know if I’m ever a small business owner, that Alternative Online Lending Solutions are there to help me. Thanks so much for your information, I’m bookmarking this post for future reference.

  26. I have never heard of this resource before but it is great to know that it exists. Small business owners need all of the help that they can get–love shopping small and local!

  27. This sounds like a great resource for small businesses. They can use all the help they can get to be competitive!

  28. Never heard of this company but they sound good. will check them out.

  29. This is such a great resource for small businesses and bloggers, alike Thanks for all the great info.

  30. I’m all for helping out small businesses.

  31. I’m always for helping the small businesses succeed in any way possible. Great article, and thanks for sharing your knowledge 🙂

  32. Danielle K on April 21, 2015 at 8:35 pm said:

    I’ve never heard of Kabbage before. Sounds like something all small business owners should look into -thanks for sharing 🙂

  33. There is so much out there to help small businesses, if only people knew more about them! Thanks for sharing about Kabbage!

  34. My husband is a small business owner, and this is such great advice! Sending this off to him!

  35. Thank you for the information I’ve never heard of Kabbage before.

  36. This info is going to help many people who didn’t know where to turn for start-up help!

  37. When I first started my personal training business I thought I could just train people and that would be that….boy was I wrong! As I get more and more serious about my business I’ve realized that if I want it to grow I have to invest in it, no question. This is super helpful info!

  38. I had never heard of Kabbage. Thanks for the info!

  39. I’m with the majority and haven’t heard of this before. Thanks for the info!

  40. have read something about Kabbage before but I didn’t really have a clear concept about it. Thanks for for the info.

  41. So many of what would be amazing and innovative businesses fail to launch because of lack of access to capital. This is great news!

  42. What a great post. Never heard about Kabbage but definitely learnt something new today. Investing is so important… unfortunately. I tried it without investing and it didn’t go far.

  43. breanna on April 22, 2015 at 8:55 am said:

    This is something I have never heard of but something I want to learn more about. I plan to make small business a part of my future so this is knowledge I can not let pass. Thank you for sharing.

  44. I can easily see why you’re popular with small businesses. And you’re right those deep pockets of the biggie can really hurt.

  45. I had never heard of Kabbage before either! Thanks for introducing me to it.

  46. sounds like a great business advice. Thanks for sharing!

  47. Sounds great. I will look into it.

  48. The amount of red tape for most things is enough to make you want to turn around and forget the whole thing. Nice to know there are companies like Kabbage there to help out small business during stressful times without breaking pocket.

  49. I hadn’t even heard of Kabbage before- or thought of these types of things! I’m not a small business owner but I do know one who’s had a hard time with start up. I’m going to pass this along!

  50. This is a great tool for small business owner. It is important to have access to capital so you can grow.

  51. Ann Bacciaglia on April 22, 2015 at 4:35 pm said:

    I have not heard of Kabbage before. I am going to have to try it.

  52. Have just heard about Kabbage and it’s a good thing that there’s an online lending solution for those wishing to at least have a chance to have some online business.

  53. This is the first time I have heard about Kabbage. It sounds like a great thing to happen for people in small business, making it easier to access capital. Glad there are some good option to help Small Business.

  54. This is my first time hearing about Kabbage and I’m definitely going to have to try it. Thank you for sharing.

  55. You are so right. I live in a tiny little town and the only store we had recently went out of business. It’s such a shame how difficult it is these days for small businesses to stay afloat.

    • Sensei on April 24, 2015 at 7:44 am said:

      That is terrible.. these big businesses are really hurting them. Now there are ways to get capital and places to post ads.. lets start to compete!

  56. Good for Kabbage! There is already enough stress for small business owners. It is so nice that they give a quick answer and make the process less stressful.

  57. You always have such great information, any help small business’s can get is beneficial.

  58. crystal on April 24, 2015 at 7:14 am said:

    This is great information. Capital really helps a new business start with a bang.

  59. I’ve never heard of Kabbage before but it seems like a great resource. Thanks for sharing.

  60. Wow I wish I knew about this when I went to start my business up north. I had the business for over 10 years and had to go through a lot of hoops with it. Thanks for this share!

  61. Thanks everyone for your interest in Kabbage! It’s really great to see all of you say that our small business loans could help you grow your business. Unlike other lenders, we look at your business data, not just a credit score, through our fully automated, online application. We provide lines of credit up to $100,000! If you have any questions, you can reach out to me, or our customer service department: 888-986-8263

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