Blog Archives - betterbanc

Customer Acquisition Cost: What Is It and How to Reduce It!

Acquiring new customers and retaining them is a great achievement for any entrepreneur. Bringing in more customers generates added benefits, including an increase in revenue, improved profits, and business growth. However, getting new customers means spending money to convert them into loyal customers. The term for this is customer acquisition cost (CAC) and it helps […]

Get To Know the Average Marketing Budget for a Small Business to Enhance Sales

Every business has to go through the cumbersome process of determining how much they need to spend on marketing. The process is never easy with the changing market atmosphere, especially for small businesses. The startup companies as well as other small businesses need to maintain a healthy balance between their revenues and costs and invest […]

Leveraging Personal Assets for Business Funding: Risks and Alternatives

Businesses leveraging personal assets to obtain a loan or some form of funding is nothing new. It often happens with small businesses that are still growing or starting out, leading the owners to use a home equity loan, pension funds, or personal funds. Sometimes this could be the available solution at hand when a new […]

Here Is an Easy Way to Determine How Much Business Funding You Need in Year 2 of Your Business

Going into year two of business can be challenging due to the increasing factors you need to consider. It would be best if you made the right decision to boost your productivity while focusing on your long-term goals. Still, you need to know how much money you will need for different business activities, the expected […]

5 Reasons Why Your eCommerce Company Needs Revenue-Based Financing

Do you run an online store that sells physical merchandise? Do you need to quickly grow your business? If you do, then you need financing and specifically what’s known as revenue-based financing. Here are five basic reasons why your eCommerce business should use revenue-based financing, along with what to consider and how we can help […]

Understand Why Working Capital is Still a Challenge for Founders

As the old adage goes, it takes money to make money. Business founders need working capital to take care of business expenses like marketing expenses, payroll expenses, rent payments, and so many others. An increase in expenses and liabilities can lower your working capital, leaving your business in a tough situation. And if you own […]

Invoice Financing: What It Means for Your Business Growth

Every business owner appreciates the value of securing funding quickly. It is even more critical when a business is facing a cash flow problem. It means wages and bills will not be paid in time. The natural step would be to seek a lender for some funds to keep things running. For a long time, […]

3 Options for More Business Funding Without Sacrificing Ownership

Starting and running a business has its challenges, one of which is financing. As much as you need enough money to actualise your dreams, you still want to be in control of your vision. However, some financing options out there mean that you have to part with some equity. The good news is, there are […]

4 Practical Ways To Secure Investors For Your New Business

Building a business from the ground up requires adequate planning and funding to facilitate various organization’s operations. Besides, introducing new projects in a new business tend to cost even more and likely to take longer than anticipated to generate profits. Although a business plan is critical, most start-ups find it hard to raise capital to grow and […]

6 Signs Your Fast-Growing Business Needs More Capital

Once a start-up establishes, the logical next phase is anticipating growth. The intent is to build something great that enables the business to expand. However, learning how and when to grow can be a daunting task for any small business. Besides, growing too early or too quickly can strain the business financially as well as impact productivity […]