Distraction is the enemy of Direction. Does your business have a plan? Are you following that plan? Is your day guided by purpose?
Just some thoughts.
Remember, we help businesses raise capital THE RIGHT WAY. We specialize in unsecured business lines of credit and unsecured business loans. Come check us out at hawkeyemgmt.com and see who we are.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management LLC
hawkeyemgmt.com
888-783-1503 toll free
Monday, February 22, 2010
Monday, February 15, 2010
401(k) Funding...
Great article in USA Today:
http://www.usatoday.com/money/smallbusiness/2010-02-15-smallbusiness15_CV_N.htm
This is one of many options for business owners who are looking to start, build, or grow their businesses. Hopefully it's not entered into without a strong understanding of the lending options that are available. I think there's a time and place for about everything...so I'm NOT saying that you should never use your retirement money. However, do you want to take that big of a risk? If the business goes south then would you rather lose your retirement (aka your future) or would you rather have some lines of credit that get behind or go delinquent and there was no collateral attached to them? Seems like a pretty easy answer if you understand the implications.
This does not mean that there's one answer for all but the knowledge going in as to what can be done, if it will raise the needed capital, and what different sources will be tapped for the business needs is so important.
Do it the RIGHT ways as we say...build your business with Excellent personal and business credit. Check us out at hawkeyemgmt.com and see what we do. We offer a FREE, No-Obligation pre-qualification. Unlike many other "business credit" providers we don't sell something to anyone who is willing to buy our over-priced product - instead, we only allow people into our program if they can get the capital through our program. And the best part is that if you don't get your funds then we don't get paid so you won't risk buying something that won't work!
Check us out on Facebook (Hawkeye Management) and follow me on twitter if you like (twitter.com/tomgazaway).
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
hawkeyemgmt.com
888-783-1503 toll free
http://www.usatoday.com/money/smallbusiness/2010-02-15-smallbusiness15_CV_N.htm
This is one of many options for business owners who are looking to start, build, or grow their businesses. Hopefully it's not entered into without a strong understanding of the lending options that are available. I think there's a time and place for about everything...so I'm NOT saying that you should never use your retirement money. However, do you want to take that big of a risk? If the business goes south then would you rather lose your retirement (aka your future) or would you rather have some lines of credit that get behind or go delinquent and there was no collateral attached to them? Seems like a pretty easy answer if you understand the implications.
This does not mean that there's one answer for all but the knowledge going in as to what can be done, if it will raise the needed capital, and what different sources will be tapped for the business needs is so important.
Do it the RIGHT ways as we say...build your business with Excellent personal and business credit. Check us out at hawkeyemgmt.com and see what we do. We offer a FREE, No-Obligation pre-qualification. Unlike many other "business credit" providers we don't sell something to anyone who is willing to buy our over-priced product - instead, we only allow people into our program if they can get the capital through our program. And the best part is that if you don't get your funds then we don't get paid so you won't risk buying something that won't work!
Check us out on Facebook (Hawkeye Management) and follow me on twitter if you like (twitter.com/tomgazaway).
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
hawkeyemgmt.com
888-783-1503 toll free
Wednesday, February 10, 2010
Venture Capital...
Amy Cosper, Editor-in-Chief of Entrepreneur Magazine, reported that VC's invested 4.85 Billion to Alternative Energy in 2009. As my friend Mitch Matthews would say, WOW. Wanna know what we're investing in today and preparing for tomorrow? There ya go.
Credit Card Solicitations...
It looks like we're all starting to get more credit card offers in the mail again...as stated in the Wall Street Journal on Feb. 9, "now that they know the new rules of the game, [card issuers] are beginning to extend new credit."
Synovate is a market research company. They reported that 398.5 million solicitations were sent out in 4Q 2009...this is a 46% increase from 3Q 2009. The increase is great in many ways and indicates that there's some desire to return to lending from credit card issuers. It's also important to note that this increase is still a long way from the 1.5 Billion solicitation offers that were sent in 4Q 2006. It's also interesting that about 84% of those 398.5 solicitations were sent to A-Paper candidates with 720 and above FICO scores. Mailings to borrowers with under 620 FICO scores made up only 6% of the total so it's also clear that this uptick in solicitations is clearly focusing on "prime" borrowers.
If you're a small business owner looking to start, build, or grow your business we can help so if you could benefit from an unsecured business line of credit or an unsecured business loan come check us out at hawkeyemgmt.com and see who we are and what we do.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Synovate is a market research company. They reported that 398.5 million solicitations were sent out in 4Q 2009...this is a 46% increase from 3Q 2009. The increase is great in many ways and indicates that there's some desire to return to lending from credit card issuers. It's also important to note that this increase is still a long way from the 1.5 Billion solicitation offers that were sent in 4Q 2006. It's also interesting that about 84% of those 398.5 solicitations were sent to A-Paper candidates with 720 and above FICO scores. Mailings to borrowers with under 620 FICO scores made up only 6% of the total so it's also clear that this uptick in solicitations is clearly focusing on "prime" borrowers.
If you're a small business owner looking to start, build, or grow your business we can help so if you could benefit from an unsecured business line of credit or an unsecured business loan come check us out at hawkeyemgmt.com and see who we are and what we do.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Sunday, February 7, 2010
Obama's SBA Plan...
Take a look at Obamas plan for increasing small business lending...use this link and scroll down to the top business videos. It's 7 minutes long and worth hearing.
http://www.msnbc.msn.com/id/3032072/ns/business
What I like about it is that they want to take $30B away from the banks bailout money to lend to main street.
Come check us out at hawkeyemgmt.com and learn more about our unsecured business lines of credit and unsecured business loans.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
http://www.msnbc.msn.com/id/3032072/ns/business
What I like about it is that they want to take $30B away from the banks bailout money to lend to main street.
Come check us out at hawkeyemgmt.com and learn more about our unsecured business lines of credit and unsecured business loans.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Friday, February 5, 2010
Entrepreneur Magazine Article...
The article in Entrepreneur magazine this month is interesting. They talk about what to do if your bank pulls your line of credit. Here's the link:
http://www.entrepreneur.com/magazine/entrepreneur/2010/february/204590.html
A couple interesting points. If you follow their suggestion about approaching a small, community bank or credit union then that's fine but just know that chances are that your line of credit will require both financials and collateral. Nothing wrong with that at all but these institutions don't normally offer these lines of credit without full financials and some collateral (such as a property with lots of equity in it).
It's also interesting if you see the example of the fees charged by the third party provider for the "unsecured lines of credit" - wow! I'm not mad at them and it's often still worth it even when the fees are that high but our fees are certainly not that high.
There's a lot of info in here so check it out.
And if you're looking for access to capital to start, build, or grow your small business then check out our website at hawkeyemgmt.com and see who we are and what we do.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
http://www.entrepreneur.com/magazine/entrepreneur/2010/february/204590.html
A couple interesting points. If you follow their suggestion about approaching a small, community bank or credit union then that's fine but just know that chances are that your line of credit will require both financials and collateral. Nothing wrong with that at all but these institutions don't normally offer these lines of credit without full financials and some collateral (such as a property with lots of equity in it).
It's also interesting if you see the example of the fees charged by the third party provider for the "unsecured lines of credit" - wow! I'm not mad at them and it's often still worth it even when the fees are that high but our fees are certainly not that high.
There's a lot of info in here so check it out.
And if you're looking for access to capital to start, build, or grow your small business then check out our website at hawkeyemgmt.com and see who we are and what we do.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Wednesday, February 3, 2010
Guarantees...
I saw an interesting "warning" recently on a website of a competitor of ours. Here's what it says - and, of course, my response will follow:
WARNING: Anyone or any other Company out there making promises or guarantees to you regarding Approval Amounts or Time Frames is deceiving you - Hold on to your Wallet! No one can promise you any particular Approval Amount or Time Frame until you are actually Approved and Funded - That's the bottom line and anyone claiming otherwise is deceiving you or stretching the truth at the very least. Here at blahblahblah.com we don't play that game - We tell you the Truth, whether you like it or not.
I really think that sounds great. In fact, it's really good. There's parts of this paragraph that I even agree with. This is a perfect warning that reveals how we are different at Hawkeye Management. First of all I agree that you cannot and should not "promise" or "guarantee" that any one individual loan application will be approved. However, when a VERY THOROUGH pre-qualification is done by an expert who truly understands what the goal is and is seasoned at closing the kinds of loan products being sought then there's nothing wrong with extending a guarantee.
We offer guarantees to each of our clients. It's not always the same guarantee but normally it is because we're looking for some specific types of clients who we know we can help with a type of product that almost everyone wants and could use. Guarantees are usually only as good as the people offering them so my advise is to work with someone whom you feel is both an expert and leader in their field and also who you feel is trustworthy.
We're not a new company but nor are we a mega-sized company and, to date, we've never been unable to make good on our guarantees. We've certainly faced challenges and we sometimes set the bar lower than other times but we believe that if you have confidence in your ability to evaluate the borrower and then you're confident you have a product that will work for them then you should be willing to stand behind your work.
I am not saying that you can always offer guarantees and nor am I saying that if you don't offer guarantees that there's a problem. I'm only pointing out that we are willing to do what this website says should not be done.
Come check us out at www.hawkeyemgmt.com and see what we do. We offer a FREE, no-obligation pre-qual that will allow you to know what some of your unsecured lending options are.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
WARNING: Anyone or any other Company out there making promises or guarantees to you regarding Approval Amounts or Time Frames is deceiving you - Hold on to your Wallet! No one can promise you any particular Approval Amount or Time Frame until you are actually Approved and Funded - That's the bottom line and anyone claiming otherwise is deceiving you or stretching the truth at the very least. Here at blahblahblah.com we don't play that game - We tell you the Truth, whether you like it or not.
I really think that sounds great. In fact, it's really good. There's parts of this paragraph that I even agree with. This is a perfect warning that reveals how we are different at Hawkeye Management. First of all I agree that you cannot and should not "promise" or "guarantee" that any one individual loan application will be approved. However, when a VERY THOROUGH pre-qualification is done by an expert who truly understands what the goal is and is seasoned at closing the kinds of loan products being sought then there's nothing wrong with extending a guarantee.
We offer guarantees to each of our clients. It's not always the same guarantee but normally it is because we're looking for some specific types of clients who we know we can help with a type of product that almost everyone wants and could use. Guarantees are usually only as good as the people offering them so my advise is to work with someone whom you feel is both an expert and leader in their field and also who you feel is trustworthy.
We're not a new company but nor are we a mega-sized company and, to date, we've never been unable to make good on our guarantees. We've certainly faced challenges and we sometimes set the bar lower than other times but we believe that if you have confidence in your ability to evaluate the borrower and then you're confident you have a product that will work for them then you should be willing to stand behind your work.
I am not saying that you can always offer guarantees and nor am I saying that if you don't offer guarantees that there's a problem. I'm only pointing out that we are willing to do what this website says should not be done.
Come check us out at www.hawkeyemgmt.com and see what we do. We offer a FREE, no-obligation pre-qual that will allow you to know what some of your unsecured lending options are.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
Monday, February 1, 2010
PO Financing...
Here's a great article about a popular form of raising capital for small businesses. It's called Purchase Order Financing - PO Financing or sometimes PO Factoring for short.
http://www.nytimes.com/2010/01/31/business/smallbusiness/31order.html
Like many other kinds of financing, there's a time and place for it. But, as the article points out, it's not cheap. Let me say that again, it's NOT CHEAP. We obviously don't offer any PO financing solutions at Hawkeye Management. However, anyone considering PO Financing or who has done some PO Financing should contact us for a few different reasons.
1. You want to make sure it's your best (or probably only) option
2. You want to position yourself to not have to do this high-cost form of borrowing again so if you let us assist you we might very well be able to transition you to bank financing much quicker.
3. We might be able to provide some or all of the financing you need at a mere fraction of the cost.
At Hawkeye Management we specialize in unsecured business lines of credit and unsecured business loans. Come check us out at www.hawkeyemgmt.com and learn more.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
http://www.nytimes.com/2010/01/31/business/smallbusiness/31order.html
Like many other kinds of financing, there's a time and place for it. But, as the article points out, it's not cheap. Let me say that again, it's NOT CHEAP. We obviously don't offer any PO financing solutions at Hawkeye Management. However, anyone considering PO Financing or who has done some PO Financing should contact us for a few different reasons.
1. You want to make sure it's your best (or probably only) option
2. You want to position yourself to not have to do this high-cost form of borrowing again so if you let us assist you we might very well be able to transition you to bank financing much quicker.
3. We might be able to provide some or all of the financing you need at a mere fraction of the cost.
At Hawkeye Management we specialize in unsecured business lines of credit and unsecured business loans. Come check us out at www.hawkeyemgmt.com and learn more.
Tom Gazaway CCEW, CMPS, XCO
Hawkeye Management
888-783-1503 toll free
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