Value Capital Funding -July 2020

Tips for Celebrating I KEEPIN’ IT COOL O Since the start, Americans have celebrated the Fourth of July together as families and communities. Although we generally tend to focus on the huge local fireworks displays on Independence Day, with many shows canceled this year, we’re left wondering: What will make the Fourth of July special this year? Despite the tremendous challenges 2020 has presented, we can still find so many worthwhile answers to this question, such as the extra quality time we get with our loved ones. Here are some tips to help you celebrate the Fourth of July at home.

Sometimes, a little change can go a long way. Walmart illustrated this perfectly when the megachain decided to switch to using more energy-efficient lightbulbs and cheaper floor wax. Those two simple substitutions have cut the company’s annual costs by $220 million. Of course, with thousands of stores nationwide, even the smallest savings will have a multiplying effect for a corporation like Walmart, but this lesson can still be applied by small-business owners looking to grow. As a business owner, it can be tempting to lose yourself in the big picture. Milestones like helping more clients, launching new marketing campaigns, and opening another location are the exciting investments that really get a CEO’s blood pumping. But beneath each of these major decisions, there are many minute changes that could save your company time and money. What standard operating procedure (SOP) needs to be made more efficient before you bring on a larger client load? Which social media site will give you the most bang for your marketing buck? How much more will you be spending on toilet paper with two locations? It’s tempting to overlook the minor details, but tackling these inefficiencies could save you more than you expect. If you aren’t one to pore over every expense report and crunch the numbers, you’re not alone. The good news is that most likely, there are members of your team with the perspective and knowledge to help you out. This is especially true when it comes to day-to-day operations. Employees are great at noticing redundancies in SOP, underutilized spaces in the office, and other areas where money may be wasted. Empowering your team to speak up when they notice these money-saving opportunities can do wonders for your bottom line. Saving a few hundred dollars per year on things like lighting and floor wax may not sound impressive, but that’s money you can put toward improving your employee retention, customer experiences, and marketing effectiveness. In today’s competitive market, even the smallest changes can give you a vital edge. How Small Savings Can Make a Huge Difference GROWING YOUR BUSINESS? CHANGE THE LIGHTBULBS

PREPARE A S’MORES BAR.

So many American dishes are synonymous with the Fourth of July, but why not try something new and exciting like a homemade s’mores bar? Set up an outdoor firepit, or even use the fireplace, and deck out a nearby table with skewers, marshmallows, graham crackers, chocolate, and any fun flavor variations of those ingredients you’ve been wanting to try. You could even add Nutella or peanut butter to spread on the crackers before you craft your campfire treat.

A NEW LOAN ISN’T A

Recently, due to the pandemic, lenders have stopped lending because they view this economic environment as too high risk to lend to most industries. This is a problem for small-business owners in general, but especially for those with high-cost debt who might believe the only way to get out of their high- cost loans is to get a new, lower-rate loan. How is anyone supposed to keep up with the payments otherwise? The truth is that you don’t need to do that. Debt restructuring can dramatically reduce your debt payments without having to apply for a new loan, and it’s a far less painful process.

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