Starting a business from scratch is the dream of many Italians who try to start their own business every day, despite the financial difficulties, a slow bureaucracy and a whole series of unnerving taxes. The desire to open something out of nothing is also often a need, since finding a job is always more difficult: we therefore try to try something alternative, like a vintage clothing store, or an ethnic restaurant, or a something related to the diverse world of internet and communication. Let’s see how to start a business from scratch, with some effective trickery and intelligent suggestion. In the latest business news this is a very important matter.

  • needed
  • expert accountant
  • marketing and SEO consultant
  • any friend who has legal knowledge

Initial starting idea

The first thing to do is to circumscribe the initial idea which can be an interest that you cultivate in your spare time, your passion or the dream in the drawer that turns into reality. Before taking any wrong step, it is important to turn to friends who are lawyers or accountants who can guide you in drafting a business project, evaluating the starting budget, the risks, the profit margins and the chances of success. You must ask yourself if your idea is contextualised in the territory in which you live, if the request is adequate, if you have sufficient resources: it is important to also consider the competition.

The starting financing

With regard to public funding, the State stimulates the creation of small and medium-sized enterprises, facilitating start-ups and streamlining bureaucratic dynamics. For example, there are some interesting subsidies to young private individuals who want to start a business, or to women entrepreneurs. State procurement and financing are often directed in favor of the territory, with the aim of re-evaluating local resources and the beauty of Italian soil.

Third party financing

The request for external financing, on the other hand, presupposes the offer of certain guarantees in the form of personal assets, such as the mortgage on the home, for example. This is something highly risky because every loan implies a certain type of interest. Starting a business from scratch with other people’s funds is much more dangerous than drawing on your savings and real resources. The advice is to evaluate the actual possibilities and reduce risky enthusiasms that could lead to inevitable and painful failures.

Success strategies

Once the potential, resources and risks have been assessed, one of the first fundamental steps to take is to organize a marketing strategy that makes the company known. It’s about creating a site and developing an SEO plan, for extended Search Engine Optimization, in order to be immediately visible on search engines and to be known. We need to come up with a catchy slogan, make use of social media, apps on smartphones, or tap into youtube and take advantage of all the media tools you have available. Everything else is in your hands, in the passion and skill you will put into your company. Good luck!

As a merchant, you’re well aware of the importance of your credit score, aren’t you? Credit bureaus are the very agencies that calculate your score. This article will tell about these agencies and help you get a merchant cash advance with ease.

Credit Reporting Agencies & Merchant Cash Advance

Dun & Bradstreet, Equifax, and Experian are the 3 most popular credit reporting agencies (CRAs) or bureaus. They determine credit scores and ratings based on the info they gather on your business. The agencies resell this info to other businesses in the form of a credit report.

The federal government’s legislation called “The Fair Credit Reporting Act (FCRA)” regulates the operation of these and other credit agencies. The Federal Trade Commission and the Office of the Comptroller of the Currency are responsible for their monitoring.

Don’t think that these 3 bureaus are the only credit reporting agencies. There’re also other agencies such as:

  • Ansonia
  • ChexSystems
  • ClientChecker
  • Credit.net
  • Cortera
  • Creditsafe
  • Factual Data FDInsight  
  • Global Credit Services
  • Lexis-Nexix | Accurint
  • Lumbermen Credit Reporting Group
  • LexisNexis Accurint
  • National Association of Credit Management (NACM)
  • Paynet
  • Seafax
  • Tarnell

What about FICO (Fair Isaac Corporation), originally Fair, Isaac and Company? Well, it’s a California-based data analytics company focused on credit scoring services. FICO scores are highly popular and serve as a measure of consumer credit risk.

FICO LiquidCredit Small Business Scoring Service (FICO SBSS) puts together your personal and business credit files and determines one score of 0-300. The higher you have, the better.

What about you? Are you a low or high risk merchant? Even if you’re a bad credit merchant, you can still work with a reputable high risk alternative online lender of business funding provider to get the necessary working capital for your business.

With a true funding expert, you can enjoy the best terms and the cheapest rates for any type of merchant financing, including a merchant cash advance.

Most Popular Credit Reporting Agencies

Now, let’s focus on the most well-known credit bureaus:

  1. Dun & Bradstreet (D&B)

D&B’s is interested in the timeliness of how you pay vendors and suppliers to determine the Dun & Bradstreet PAYDEX score. D&B collects info on credit extended and payment histories from suppliers and creditors, as well as from public records and interviews with company principals.

The Paydex score is D&B’s main score. Ranging from 1 to 100, it determines how well your business paid its bills in the prior year. Other D&B scores include the Financial Stress Score or the Delinquency Predictor Score.

  1. Experian

Experian gathers info from public and private sources, e.g., legal filings, credit obligations, and marketing databases. The bureau calculates only 1 business credit score ranging 0 to 100. Experian evaluates a business credit score based on the Intelliscore Plus model.

  1. Equifax

Equifax is interested in the banking and leasing info from the Small Business Finance Exchange (SBFE) and the Equifax Small Business Enterprise database to determine 3 Equifax business risk scores:

  • Business Delinquency Score: 101-662
  • Business Credit Risk Score: 101-992
  • Business Failure Risk Score: 1.000-1.880

For business owners, it’s too important to view credit reports on a regular basis so to avoid any errors or fraudulent activities on them. You can get your free report from the 3 major agencies once a year by just visiting AnnualCreditReport.com.

Author Bio: As the FAM account executive, Michael Hollis has funded millions by using merchant cash advance solutions. His experience and extensive knowledge of the industry has made him finance expert at First American Merchant.

If you are looking to scale the marketing for your business, or if you need refreshing ideas, a different approach or some creative inspiration, a digital marketing agency can take the responsibility of this and provide the results you desire.

But the field of digital marketing agencies is very saturated. There are lots of companies pitching for your business, via email, cold calling, social media and at various events.

There are also a very broad range of digital marketing niches. Specialising more particularly in B2B or B2C. In Public relations, SEO, website visitor tracking or specialised lead generation processes.

You will also have the all-rounded agencies which can occupy all needs and industries. But it is crucial to find a collaboration with a team which are going to understand your needs most applicably.

There is no doubt that they will approach with positive messages. Selling dreams of fantastic results. But with who do you choose to go? Because you may be restricted on budget and this could possibly influence your choices. But substituting quality for the cost could be a negative Return On Investment. If you are committing, then get it right.  

If you are lacking confidence, or don’t know how to spot a great and exceptional digital marketing agency, the following this will help you find a company that you can trust – through the clarity of what is needed and specific indicators.

1. Customer Centric

Whenever you have to hire a digital marketing agency, check how customer centric they are. For a customer centric company what matters is your customer base, not the company itself. They true value the consumers and clients and make sure your company is portrayed as the best one.

2. Transparent and Educative

An outstanding and stellar digital marketing company believes in transparency. For such a company, the client reports, invoices, details and everything is important. How they achieve your marketing goals and compare it with payments and data will reveal a lot about their transparency. They never stop innovating and believe in continuous change.

3. Their Clients and Customers

If you see some reputed brands and companies on their website or portfolio, it is a tell-tale sign that the company can be trusted. Furthermore, do check what projects they did for the clients showed on their portfolio and how those clients reviewed the digital marketing company. All these factors with research will help you find the best service provider.

4. Their Own Marketing Tactics

This is something many companies ignore when they are hiring a digital marketing company. Does their marketing appeal and attract you? If yes, that is the company you are looking for. If they have a poor marketing campaign and tactics, you should better look for other options. The marketing drives of a digital marketing company says everything about how good they are.

5. Their Team of Experts

The team of top experts of a digital marketing company plays a massive role in what it achieves and how it goes in dealing with the projects of clients. Do some research about their top experts to check their portfolios, qualifications, certificates, affiliations and how good they are. If you find any known or well-reputed experts, this is high time you trust them and hire for your projects.

6. Customer Reviews

Not many people prefer customer reviews when it comes to choosing a trustworthy company for your marketing projects. But the client or customer reviews will help you a lot in this regard. Visit their website and check how good or bad the customer reviews are. If there are more positive reviews than negative, you should trust them. Too good reviews to be review is something you should ignore.

7. Social Media Presence

Another thing that can help you whether to trust a digital marketing company or not is their social media presence. Check their social profiles, how they keep customers engaged, user engagement on their pages, customer reviews, what their share and most importantly the quality of their content.

8. Their Website and Portfolio

All the digital marketing companies have their websites where customers can contact them for details. You have to view their site and make an opinion about it. If it is just ordinary, leave it here. Further check their past projects and what they have achieved so far. These things will help you find a company of your desire.