Productive business owners choose to spend their time wisely, work hard and make sure that they’re adding value.
If you’re looking for an unsecured business loan to help you become more productive, here are some helpful ways to spend the cash.
Buy equipment and tech that will really speed things up
Being able to serve customers and run everything behind the scenes efficiently is a must. You can take your time with the stuff that needs your personal attention, but routine jobs should be able to take care of themselves.
With an unsecured business loan, you can invest in automation software, a new model of equipment that’s far faster, or even an app that makes it easier for your customers to make bookings and orders on your site.
How to get going right now: Look at your average week and pick out a couple of things that take way too long. Imagine what you could do with that time if it was freed up…
Got a piece of software in mind? Upgrade your operations with an unsecured Business Loan from Capify.
Give you and your team room to learn
Learning on the job can be valuable, but it’s not always enough. Education and training will make your team stronger and more skilled. The better they are at their job, the better experience your customers will have. If you’re worried about getting stuck paying for someone’s degree, don’t! A couple of days or weeks on a course could be enough.
While educating your staff is important, your own learning curve is just as vital. If you think you’d benefit from refreshing some skills or management training too, get on it!
How to get going right now: Ask your staff what they’d like to learn, get better at, or know more about.
Make the most of your space
Your premises might be a tiny box, or even more space than you know what to do with. Whichever it is, you could be using it in a smarter way.
You might need more space to serve customers, a more ergonomic workshop to create your products, or fancy converting storage space into something more useful. It might involve knocking down walls or putting up a partition, but with an unsecured business loan it’s more than possible.
How to get going right now: Map out a quick sketch of your current premises and what you use each area for. You’ll be able to see fairly clearly what’s over and underused.
Invest in a new marketing tool
Got a good thing going on with Instagram? Feel like you’re pretty comfortable with Google Adwords? Keep using these tools, but consider investing in a new method too. It could be email marketing, a social media channel, or some clever SEO techniques.
Digital marketing is constantly changing. Throwing money at the next new thing obviously isn’t very sustainable. If you do your research, you could reach a whole new audience and possibly for less advertising spend.
How to get going right now: Look for what’s missing from your strategy. You might see a drop in customers during a particular season, or want to go for a new demographic.
Already full of ideas? You can raise up to 75% of your average monthly turnover with our unsecured business loan.
Find out more about Capify’s loan and how it can help you grow your small business.