All posts by Wendy Dessler

Wendy is a super connector who helps businesses find their audience online through outreach, partnerships and networking. She frequently writes about the latest advancements in digital marketing and focuses her efforts on developing customized marketing plans depending on the industry and competition.

Digital BrandingLegal Branding

Reasons Why It Is Mandatory to Employ the Services of an Expert Graphic Designer

A professional graphic designer is an asset to any business. However, some business owners are unable to understand and appreciate that employing the services of an expert graphic designer would have a positive impact on their business and that they could achieve business success with their help. Many business owners are interested in cost cutting and they feel that using stock images, logo online creator and even charts, and graphs from Microsoft Excel are enough to create an impressive graphic design. This is definitely not true and is actually, an opinion of people who do not have any knowledge or idea about the responsibilities and role of a qualified graphic designer.

Understanding the Role of a Graphic Designer

A graphic designer plays a pivotal role in the success of your business. He is a professional who is known for creating and assembling pictures, motion graphics, or typography with the objective of boosting your business’s aesthetic appeal. They could help your brand to steal the show, make your brand appear really more polished and professional, and expose your products to brand new audiences. Here are some of the reasons why a professional graphic designer must be hired.

Getting Ready for the Future

Today’s restless young audience is increasingly suffering from attention deficit or consistently decreasing attention spans hence, marketing messages require being delivered fastest possible and visuals or images are the best possible way of doing that. With the mobile technology becoming more and more popular, the larger screens of laptops and desktops are losing their significance and modern audiences have no time to invest in reading your marketing messages. You have to realize that the future of all marketing campaigns is reliant on images and visuals. If you need professional graphic design solutions, then you may get in touch with Tayloright.com.

Moreover, wearable technology is no longer a work of fiction. Today this path breaking technology is prevalent and so screens are gradually getting smaller. In this present scenario, a graphic designer comes in handy. He would have sound knowledge to efficiently adapt digital marketing endeavors to diverse screen sizes. He would be playing a critical role as technology evolves. A graphic designer would be ensuring that all your infographics, images, videos, and visuals are of top quality and unique so that Google regards them as quality content.

Giving a Boost to Your Brand

For businesses that face stiff competition, it is essential to opt for top quality branding. They require standing out from the rest and so high-quality branding would be required. Your business logo, your website layout, and marketing materials, your chosen colors and fonts would be helpful in creating the first image or impression among the customers. Only a professionally qualified graphic designer could be manipulating these elements with expertise so that the customers are able to perceive you the way you actually are. A good graphic designer helps to create a robust brand. A strong brand would be a memorable one that would leave a long-lasting impact on the customers’ minds.  It would be building trust and getting positive referrals from happy customers. A weak brand would be forgotten in no time.

Saves a Lot of Time

A qualified graphic designer would be creating appropriate designs for your brochures, logo, or even PowerPoint templates. A graphic designer could create a design in almost a quarter of your time.

Conclusion: Makes You Stand Out of Competition

A graphic designer would be creating a distinctive brand that would be raising your business much above your competition. You must not initiate your business in the wrong direction. Consider making a lasting impression with the perfect logo and most appropriate marketing materials. Employ the services of a competent graphic designer right from the word go.

Author Bio:

Maria Jones is a graphic designer and a passionate blogger based in Boston. She is extremely familiar with the digital marketing scene, and also she recommends ace services such as Tayloright.com on her blog.

Digital Branding

Steps to Automotive Digital Marketing Success

If you want to generate a lot of sales, opting for Automotive Digital Marketing can be a very good idea. This allows you to promote cars like the Dodge Caravan a lot easier, and in the end, you can get a lot more sales. You have to realize that professionalism and quality are what really matters the most in here. Of course, adapting and adjusting all of this can be an amazing opportunity to explore the new option. But the right tactics will surely help you generate more sales and value, which is what you want to have at the end of the day.

Think about SEO

It doesn’t matter if you want to sell a Ford or a Jeep Wrangler, the idea is to always try and find a great value for your money no matter what. The true focus here needs to be on improving your SEO approach as much as possible. It will just make things better and easier, especially if you have lots of competitors. Being in front of your competition can do wonders and it will make the process a whole lot better for you in the end. Sure, it’s not meant to be very easy, but it can provide you with outstanding results if you do it right, so you might as well want to consider all of that.

Start blogging

Believe it or not, your Automotive Digital Marketing success is mostly all about blogging and the results that you can get from it. Ideally, you want to create blogs often. You can make them self-promoting, or you can focus on other results like that if you want too. The idea is to always push the boundaries as you adjust and adapt all of that to suit your needs.

Paid Ads

SEO is great, but it can take a while until it delivers the results you want. What you want to do here is to opt for some paid ads. These ads are great as they promote your business and they are not that expensive either, which is a very good thing. Not a lot of people realize this, but paid ads are extremely helpful and they can bring in front unique benefits all the time.

CRO is important

The conversion rate optimization is crucial if you want to boost sales, conversions and website visitors. The idea is to focus on value and professionalism more than anything else. Once you start doing that, results will shine and that on its own will offer a crucial benefit to consider.

Lead nurturing

Nurturing your leads is very important. You want to offer them some info about the cars they are interested in. Believe it or not, lead nurturing allows you to generate more sales because you place the potential sale on a buyer’s radar. And suddenly you have more sales just like that.

It’s always hard to find the right approach when it comes to Automotive Digital Marketing. But these ideas will come in handy and they will offer some amazing results. Just remember, quality is everything, so try to consider all of that if you can and you will not be disappointed!

Digital Branding

The Groundbreaking Impacts of AI and Machine Learning on Marketing

How AI and Machine Learning Can Revolutionize Marketing

Artificial Intelligence and machine learning are two of the hottest buzzwords that are dominating the discourse in business and academic spheres. This is rightly so because AI and machine language have enormous possibilities and applications for various sectors. Essentially, AI and machine learning are a new way of creating problem-solving systems that will have the ability to become self-aware, at least in the distant future.

Marketing being a prominent industry, where AI can play a substantial part and bring revolutionary results. In recent years, there has been a palpable influx of AI-powered advanced data analytics tools (based on machine learning algorithms), growing availability of sophisticated data sets, and an informed decision making based on big data. Machine learning, on the other hand, has extensively changed the landscape of digital marketing by focusing on personalization, behavioral targeting, micro-targeting, and other marketing parameters.

Here is how AI and machine learning will impact marketing:

Processing of data for the success of online marketing

Effecting marketing is utilizing popular platforms to market and sell products; successful marketers have consistently done that. First, it was email marketing, then they depended on Google to advertise their products, and then came Facebook and being used as an important tool. Currently, Instagram and Snapchat are prominent platforms. Artificial Intelligence and machine learning are great at working and processing data. As an example, a machine learning system can process the customer behavior of a particular demographic by analyzing which customers can come back and likely to purchase. When this insight is combined with marketing automation, potential customers could be converted by sending them an ultra-relevant deal. Also, in online marketing, when content marketing agency distributes customized content with the help of AI-powered tools to the right audiences, then it is a win-win situation for marketers and customers.

Extreme personalization

Intelligent automation and machine learning will help future businesses personalize and humanize engagement and reach the maximum number of audiences more effectively. Marketers will readily integrate machine language and AI personalization solutions into their strategies. By doing this, they will be able to deliver exponential accuracy and better results, which will immediately impact their bottom lines. Furthermore, AI and machine learning will help businesses personalize offerings as customers shop, optimize their journeys and click paths, and better predict what they want next. This ultra-personalization will result in even greater conversion rates. Online shoppers are increasingly expecting a customized experience now and they want retailers to know their preferences. Thus for online businesses, it is extremely important to customize their online shop with powerful web hosting platform in order to meet customer expectations.

Chatbots for great user experience

Chatbots are already performing certain tasks such as chatting with a user through a conversational interface. So the most advanced bots will be powered by AI and machine learning, helping it to understand complex requests, personalize responses, and improve interactions over time. Since communication is increasingly becoming advanced and chatbots are its new extension. They are taking over social media marketing and allowing marketers to engage with users in terms of content consumption, customer service, and transactional engagements. Chatbots are available to companies of any size, which gives small businesses an opportunity to compete with established brands.

Predictive delivery

Predictive delivery utilizes machine learning algorithms to deliver consumers highly researched, specifically targeted product recommendations, wherever they engage with a brand. 35% of Amazon.com’s revenue is generated by its recommendation engine. Interaction taking place between brands and consumers, whether through e-commerce sites, social media, or in-store, will be stored and tracked down using AI. Predictive solutions then analyze these insights and determine the most logical steps, and finally predict actions that specific consumer profiles will take. Predictive engines will be highly instrumental in creating and executive personalized marketing strategies. These solutions will be fully developed and rendered through mobile apps. Predictive delivery is important because consumers have become more tech-savvy and brand awareness and they are also becoming more cognizant of their options.

Wrap up

There is still a long path to tread since we are in the early days of AI’s influence on consumer behavior. We have yet to hand over our obsession of making decisions to machines. As AI-powered systems become more powerful, reliable and sophisticated, we’ll all start to “outsource” more of our consumer search and choice set construction tasks to AI and machine learning. It is, therefore, critical to understanding AI and machine learning and their powerful potential to shape marketing.

Legal Branding

What to Do Before Filing a Personal Injury Case

If it’s your first time getting a very serious personal injury that another party is liable for, you might be wondering what you should do to file a personal injury case. Here are the essential steps you should not forget before you file a personal injury claim.

1. Preserve all evidence

Having evidence of your injury will help strengthen the case so make sure to collect as much of it as you possibly can. File a police report and get copies of it to provide to your lawyer. Take photos of the accident, your injury, and the damaged property, if you still can. Gather copies of medical documents and treatment plans from your doctor.

Also, if you have any witnesses, get their information. In addition, you want to keep records of the income you lost due to missing work. It also helps to keep a written account of the injury while the memory is still fresh in your mind.

2. Get medical treatment and follow your doctor’s advice

The first thing you should do after getting into an accident is to go to a doctor. If you fail to do this, your claim could be drastically reduced. Then, make sure that you follow your doctor’s advice religiously. That means taking medication as prescribed and undergoing treatments and required tests.

If you neglect treatment, you could weaken the value of your case. The defendant’s lawyer will argue that because you only needed minimal treatment, you don’t deserve to get the settlement you’re asking for.

3. Get off social media

Or any public platform where your opponent can potentially find the information they can use against you. Defense attorneys of personal injury cases will scour the internet for any dirt they find proving that you may be exaggerating your symptoms. To be on the safe side, refrain from talking about your personal injury with anyone except your lawyer.

4. Get a good personal injury lawyer

The importance of getting a skilled lawyer cannot be overstated. It doesn’t matter how prepared you are. If your lawyer does not know how to present your case in court, you will get a poor settlement. Make sure to pick your legal representative wisely. You want one who is deeply involved with your case rather than someone who will just pass off your case to a junior associate.

One such firm that understands the importance of personalized service is The Sanders Law Firm. They have handled thousands of personal injury cases and are very well experienced in obtaining compensation their clients deserve. Whether the injury was acquired due to a car crash, defective product, or a dangerous workplace, their lawyers can help get the best outcome for you, especially when dealing with tough insurance companies.

5. Be prepared mentally

Filing a personal injury case is not as easy as showing medical receipts and walking away with your settlement money. Remember, insurance companies do not just pay out willingly. If you ask for a settlement, it is in their best interest to try to reduce the amount, if not, legitimize it. This can be frustrating and stressful on your part. Having a good lawyer around you can make things easier as they do all the heavy-lifting making sure that you win the case.

There’s quite a lot that you should do before filing a personal injury case, but you must remember, to not let it linger longer than you need to. Depending on the state you are living in, there is a certain window of time for when you can file a claim. Find out yours based on the state you are living in and make sure to perform all the steps above before the deadline.

Local Branding

Branding in Bulk: 4 Steps to Successfully Spread Brand Awareness to a Large Audience

Promotional products are a valuable resource for businesses of any size. They help to increase brand awareness and they help you stand out from your competitors, all while successfully targeting the right customer. Customers love getting free items that are useful to them, and you reap all the rewards by staying front-of-mind with anyone that sees the item. Purchasing a few promotional products is one thing. When you really want to see the benefits of them increase exponentially, you purchase promotional products in bulk. To make the most of your marketing budget, you need to follow these four strategic steps:

Set a Clear Objective

There are many reasons to implement a promotional product campaign, and the one you choose will play a role in the type of product you should select. Is your company looking to simply increase brand awareness and spread the word about your organization? Or do you want to increase sales by a certain percentage as a result of the promotional product blitz?

Choose the Right Promotional Product

There are literally hundreds of promotional products available, offering everything from pens to tote bags to USB drives and beyond—but not all of them will work for every business model. To determine the one that will work the best for you, ask yourself these three questions:

  • Who is your target audience? How do they spend their time? What do they do while they are at work? After evaluating these things, you can select a product that will be beneficial to them in their daily lives. Crazy products can get your attention, but it is the functional products that actually get used and help spread your messaging even further.
  • What message do you want to spread? Are you setting the tone for the brand of your business? Do you just want to get attention? Choose a promotional product that fits the quality and appearance of your brand. Every detail matters. A cheap pen will relay to recipients that you are a cheap company, while a classy pen that writes well will help you be known as a top-class brand.
  • What relates to your company? While all promotional products will have your company name on them, if you want the biggest bang for your buck, you will want to tie that product back into your marketing message. Ex: If your company helps to solve a problem, you could give out a Rubik’s cube. Then you could put a catchy phrase on it, such as, “We are here to solve your pest control problems.”

Start Small Before Going Big

After you have gone through the analysis process and determined the ideal promotional product for your company and target market, test your theory. The last thing you want to do is invest your full budget from the get-go only to determine your analysis was wrong. Start small, make sure your hypothesis can be proven, and then start your massive distribution.

Include a Way to Track Success

One of the most challenging aspects of promotional products is tracking their effectiveness. But there are some things you can do to keep tabs on your ROI:

  • Create a landing page for the product that only promotional product recipients have access to.
  • Include a unique promo code to use on your website.
  • Create an email address specific to each product so you can see what people are responding to.
  • Ask customers how they heard about you when they visit your store.

By taking the time to thoroughly investigate your target market and then choosing a product that they will love to use, you can experience great success by using promotional products in bulk.

Legal Branding

Drunk Driving – The Worst Way to Mix Business and Pleasure

Alcohol consumption is ingrained in contemporary business culture. Movies like the Wolf of Wall Street glamorize the idea of mixing business with booze. However, socializing after work can have devastating consequences.

Could a DWI End Your Career?

According to Tyler Flood, Criminal Defense Attorney, many professionals aren’t aware of the seriousness of a DWI.

High profile corporate positions require employees to be outwardly reputable. DWI convictions reflect negatively on organizations. For this reason, high-profile positions are only tenable by employees who can pass rigorous background checks.

How To Behave When Mixing Business With Booze

Socializing after work shouldn’t be avoided entirely. Employees who remove themselves from social events, risk the stigma of ‘not being team players.’ All that employees need to remember, is not to let their hair down completely.

Rules for Surviving Boozy Office Socials

Drunk driving convictions can jeopardize the employability of even entry-level workers. The first rule of socializing is, therefore, to always leave car keys at home.

Consider Participating without Drinking

Office socials are a fantastic way to better connect with colleagues. However, socializing doesn’t have to include alcohol. Instead, consider choosing soft drink alternatives. Doing so will often command respect from peers and higher-ups.

Keep Your Professional Cool – Even if You Don’t Want To

Crossed communication wires are the number one reason behind alcohol-fueled altercations. In office contexts, there will always be someone with opposing views to your own. In this case, remember to project the same professional persona you do at work, during even informal get-togethers.

Like it or Not, Your Boss is Watching

There is always someone at the office Christmas party who takes things too far. You never want to be that person. Employers, clients, and supervisors will pick up on poor etiquette. As far as they are concerned, you still represent your company, even when not officially on duty.

What to do When Things Go Wrong

When mixing business with booze, you need to be on your best professional behavior. Sadly, other people around you might not be.

  • If you see a colleague who seems to be testing their limits, politely pull them aside and advise that they call time on the evening
  • Never stand for behavior which would be considered inappropriate in the workplace
  • If you find yourself at a DWI checkpoint after an office social, follow the advice of Tyler Flood, Criminal Defense Attorney, and know your full rights

Drunk Driving and Roadside Sobriety Tests

Intoxilyzer breathalizers used by police aren’t 100% accurate. Also, when submitting to chemical blood tests, drivers have the right to have independent tests performed within 2-hours of the original.

Even if you are sure you are under safe driving limits, police tests may show false positives. In this case, always seek professional legal advice immediately after a DWI charge.

SaaS Branding

How a Coworking Space Can Turbocharge Freelancer Branding Efforts

A coworking space is a virtual office space shared by groups of independent freelancers. Utilizing a virtual office gives freelance professionals an instant branding boost. Coworking spaces free freelancers from the high cost of renting and equipping independent office spaces.

What is Coworking & What are the Benefits?

This fall sees the official opening of The Ranch Office in Houston. However, The Ranch is a little different from neighboring offices occupied by top Houston designers and automotive insurers. This is because The Ranch Office is Houston’s hottest new coworking space.

Busy Ranch yes people don’t populate office desks and conference rooms. Instead, every inch of The Ranch is at the disposal of Houstons vibrant freelancer community.

Coworking & Virtual Office Benefits

Gone are the days of freelancers sitting behind dusty typewriters preparing submissions for Readers Digest.

As of 2018, almost 50% of millennial workers freelance professionally. Moreover, according to freelance marketplace UpWork, freelancers are set to become a workforce majority in the United States by 2025. There is just one problem.

  • Freelance clients increasingly prefer to work with individuals backed by a bonafide business address
  • Office set up costs are prohibitive for many freelancers
  • Working as a freelancer can also be socially and emotionally isolating

Coworking spaces like The Ranch, therefore, strive to offer freelancers a solution to each of the above concerns.

Coworking Spaces Boost Brand Visibility & Trust

Affordable coworking spaces like The Ranch, provide individuals and startups with a real-world business address. The result is an instant image boost. However, specialty coworking and virtual office spaces like The Ranch, also go one step further.

  • In Houston, Ranch Office users can take advantage of for-purpose conference rooms
  • High-speed internet and basic IT infrastructure costs (copy, printing, etc) are bundled into monthly price plans
  • Coworking space areas can also host private events and freelancer exhibitions

Increased Productivity Benefits

Being a freelancer is hard. Individuals have to manage their workflow, client accounts, and product marketing 24/7. Thankfully, for-purpose co-working spaces alleviate some of these stresses. Specifically, by allowing freelancers to settle into a daily routine in a real-world office. 

Coworking Networking Benefits

As a freelancer, it can be easy to start living life exclusively via social media. Thankfully, coworking changes this by providing a one of a kind opportunity to network with other freelancers face to face. At the same time, freelancers can also build more meaningful client relationships. Specifically, by scheduling appointments and meeting with real-world clients in person.

Freelancer Bottom Line Benefits

Working from home can be rewarding. However, homeworking also has several limitations. Coworking spaces like The Ranch, therefore, allow freelancers to benefit from access to a centrally located real office. All without having to sign high-cost long-term lease agreements with regular office space providers.

Work From Anywhere

For freelancers who do decide to take their brand to the next level, coworking doesn’t have to come at the expense of surrendering their mobility. At present, coworking spaces can be found everywhere from the Azores to the furthest reaches of the Australian Outback. The only question in this case, is where would you like to work today?

Yoast SEO Settings:

SEO Title: Coworking Spaces & How You Can Turbocharge Your Freelancer Branding

Slug: Coworking & Freelancer Branding Benefits

Meta Description: 

Focus Keywords: Coworking Space

Legal Branding

Houston Drink Driving Penalties – Protecting Your Reputation

Drink driving penalties in Houston vary in accordance with the severity of offenses. Repeat DUI charges are felonies punishable by fines and jail time. Because penalties are severe, it is important to seek legal counsel from a Houston DWI lawyer, as soon as charges are brought forward

Surviving a DWI – Civil & Reputation Consequences

Drink driving penalties in Texas are some of the toughest in the United States. As for why this is, the reason is simple. In 2017, 944 DWI drivers in Texas resulted in 1,018 avoidable road deaths. Those killed in fatal crashes include passengers, other road users, and children.

Legal Advice for a First Drunk Driving Offense

There is a misconception that drink driving penalties for a first DWI offense are minor. In reality, nothing could be further from the truth. In Texas, even a first offense DWI can result in up to 180 days jail time.

Drink Driving Penalties in Brief

  • First DWI offenses are punishable by $2,000 fines, accompanying jail time and license suspensions
  • Where intoxicated drivers have a blood alcohol content (BAC) of 0.15, fines start at $4,000. Jail time is often mandatory, and future driving restrictions may apply
  • Drunk driving while accompanied in a vehicle by a minor is a felony. Penalties include $10,000 fines and up to 2-years state jail time.

Hiring a Houston DWI lawyer is Not Optional

When charged with drunk driving, you need to hire a Houston DWI lawyer. Without legal representation, the civil and financial consequences of a DWI charge can be devastating.

  • Suspended licenses and jail time result in employment becoming untenable
  • Fines and jail time can devastate families and family finances
  • Many individuals charged with drunk driving, don’t realize what they are up against until it is too late

How a Houston DWI Lawyer can Help

How a Houston DWI lawyer can fight DWI charges, is always case specific. Where arresting officers can’t prove probable cause, DWI charges can be reduced or quashed. When making arrests, Houston police also need to issue sobriety tests following strict guidelines.

A Houston DWI lawyer will check to see that proper procedures have been followed. Lawyers also review evidence of medical conditions which may result in sobriety test false positives.

Can Road Users Decline Police Sobriety Tests?

It is possible for Houston road users to refuse sobriety tests. However, in Texas, implied consent to testing applies to all road users. When drivers refuse to comply with sobriety tests, fines and driving bans are, therefore, applicable.

Roadside Sobriety Tests are Never 100% Accurate

Contrary to what many believe, police issued sobriety tests are rarely 100% accurate. Drink driving penalties can, therefore, be challenged by lawyers, even when evidence seems stacked against defendants. The most important thing for defendants to remember is that legal advice should be sought as soon as possible after DWI charges levied by police.

Legal Branding

Why ICOs Need to Invest in Professional Legal Advice

Startups planning an initial coin offering, need to start investing in professional legal advice. As well as ICO regulation, startups planning an initial coin offering need to be aware of their full tax reporting requirements.

Legal counsel can help legitimize ICOs and increase fundraising success rates. Here’s how:

Tax Law & Legislation – What Do ICOs Need to Know?

Over the past five years, ICOs have transformed the startup business landscape. By using an initial coin offering to raise capital, startups free themselves from having to pitch ideas to conventional lenders. However, ICOs are coming under ever closer scrutiny by regulators.

Legal Challenges Faced by ICOs

There is a misconception that setting up an initial coin offering is easy. In the United States, there are no laws which explicitly ban ICOs. However, as cited by the likes of the ICO Law Group, ICOs are required to comply with U.S. Securities Law.

“It is generally unlawful to raise capital in exchange for your coins or tokens unless you comply with U.S. Securities Law.”

Why Stricter ICO Regulation is a Good Thing

In theory, anyone can set up an initial coin offering. However, as recently cited by Vitalik Buterin, the gold rush days of the cryptocurrency market are over.

“The blockchain space is getting to the point where there’s a ceiling in sight. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

As for why growth in the crypto space is slowing, the reason is simple.

In 2017, fewer than 20% of ICOs returned profits to investors. Some startups failed to use raised capital responsibly. Others were outright scams. As a result, all new ICOs are expected to register with the IRS just like regular startups. Much more importantly, if ICO coins can be considered securities, ICOs must register with the U.S. Securities and Exchange Commission.

Do You Need a Professional Business Attorney?

Does registering as a business seem like too much hassle? If so, you shouldn’t be running an initial coin offering.

When ICOs fail, they do so due to a lack of basic business acumen. Selling ERC20 tokens is easy. Putting funds to work and setting up a successful business, is an entirely different skillset. The good news, though, is that a professional business attorney can help.

  • Hiring a business attorney can help ICOs identify the best structure for their business
  • A business attorney can help startups get to grips with their true cryptocurrency tax reporting requirements
  • ICO specific legal advice can increase fundraising success rates by lending legitimacy to projects

ICO Laws Still Vary State to State

When setting up an initial coin offering, it is important to remember that ICO laws and regulations aren’t universal. Some U.S. States require a special license when engaging in altcoin activities. Others require startups to hold equivocal fiat cash deposits when issuing ERC20 tokens.

Penalties for Non-Compliance

To date, several individuals have been incarcerated in the United States. Specifically, for non-compliance with cryptocurrency specific anti-money laundering laws.

In May, 24-year old Eldon Stone Ross from Pensylvania found himself jailed for selling cryptocurrency without necessary licensing. Moreover, anyone identifiable as operating an ‘illegal money transmission business,’ is liable for prosecution.

Does the Term Illegal Money Transmission Business Apply to ICOs?

Anyone who raises funds via an initial coin offering without proper licensing can be charged under different State anti-money laundering laws. This being the case, never risk launching an initial coin offering, before understanding your full regulatory responsibilities. Moreover, when in doubt, always make sure to seek out ICO specific legal advise from groups like the aforementioned ICO Law Group.

Legal Branding

6 Ways to Increase Your Chances of Getting a Startup Loan

 

You got the idea, skills, talent and time but in order to begin your startup journey; what you really need is money. Having capital gets you started. You need some form of capital to jump up your business. You are lucky if you already have 6-digits worth of savings upon birth. But not everyone is born with a silver spoon.

Looking for a capital can be tricky, but there are several ways to acquire a fund. One way to obtain your precious cash is through applying for a loan. There are several forms of loans; student loan, mortgage and auto loan but what you need is a business loan or startup loan. It is a loan designed to help fund business, investment and expansion. This financial service is provided by the monetary institution and guarded by strict guidelines and qualifications. Though it can be difficult to secure a loan, there are some practical ways to increase your chance of getting approved. Here are six ways to increase your chances of getting a startup loan and start building your business empire.

Provide a Great Business Plan/Proposal

Execute a convincing and clear business plan. You probably have the most disruptive, financially rewarding business idea but it will go to waste if you cannot properly deliver the idea to your prospective lender. A competent business plan needs to have an executive summary that clearly expresses your startup layout. You need to produce a convincing, credible pages of the executive summary to pick the interest of lenders, otherwise, they will not go through with the whole proposal. It should also include and explain your approach to competitors, market data, business model, expenses and industry landscape.

Have equity

Be ready with investing your own money. For a lender to approve your loan, they need a basis and proof that you are confident to repay them. Pledging your own money and owning at least 25% equity stake in the business will give the lenders an impression that you are serious and smart enough not to make any financial miscalculation. If you do not have physical money, then any personal asset with value like house and car can be used as collateral.

Start early

Begin your loan application early, as early as you need it. Securing a financing can take some time and take about a month or so before you hear an update.  Make early preparations with your financial documents and business plan as well. The lender can sense if you are scrambling to pass requirements. It is not a good indicator since it means you are have not come prepared and ready. Taking last minute action is an undesirable trait and can weigh in the decision to approve you.

Get Coached

Look for experts or seasoned businessmen who know the means and techniques to get approved. Have them review your plan and ask for a constructive criticism. Apart from individuals, you can also reach out to associations and business centres for assistance and reviewing your approach.

Check your credit standing

Aim for a positive strong credit rating.  A personal credit history can greatly affect your loan application. Lenders usually look at your payment behaviour and history. Paying out any floating financial obligation will improve your credit rating. Additionally, clear any possible involvement with disputes, litigations and collections. Involvement from these situations can compromise your loan application.

Go Local

According to a survey conducted by Federal Reserve, big banks display a steady decline in approving and providing loan services to small businesses. Only 25% of small business gets approved by traditional banks. So check out your odds with local and small banks. Community banks or smaller banks are more inclined to understand the needs of a budding business. Apart from that, they are more likely to approach applications individually.