Building Block Capital

The sphere of small business financing is making waves, and with so much happening all at the same time how do you expect to stay on top of it? Well stick with us and you will have your eyes on the emerging fintech trends.

Small Businesses Are Battling Against Overtime Rules

There is a broader class of workers that have now become eligible for overtime, and due to this many small business owners are on the run to figure out how to factor these overtime regulations into their operations.

Some of the announcements by the administration would have to be the final details of new labor rules that include the increase in the salary cutoff for overtime pay. Although this labor rule has been on the drawing board for quite some time, it is destined to change small business culture. Salaried employees who are raking in an excess of $23,660 a year have to meet other criteria that are not entitled by the law to overtime pay- it is 1.5 times more than the hourly wage after an employee clock more than 40 hours a week. The threshold is set in at $ 47,476. This means that millions of salaried employees will have to have their hours tracked to check if they are qualified for overtime pay.

Marketplace Lending Hiccups

One had expected for this year to be riddled with a monotonically upward trend of growth of marketplace lending which would be uncertain. However, sudden shifts were seen in the trend that beat predictions. The observers of financial technology and the market, in general, saw the resignation of LendingClub’s CEO. This happened after a week after layoffs at Prosper. There have been a series of bad news that have muddled up the channels, and there is reason enough to believe that marketplace lending is starting to be overhyped.

Periods of unrest often cause people to lose sight of the big picture, however, it is important to remember that the transformative movement will have its ups and downs. Even if the turmoil is there, it is nothing but temporary, and the long-term foundations of lending are still strong. It is important to relish some of the harder pills to swallow for the time being so as to power the industry’s growth in the future.

Can VR Technology Create Profits?

Truth be told, the growth is hard to come by because of the stagnant economy, and brands ranging from furniture sellers to gaming companies are making use of VR so as to create an immersive experience for consumers. The bet is that the trendy headset-based tech can print money for them and increase sales.

Even theme park provider Six Flags Entertainment Corp is outfitting certain rides with Samsung VR sets, allowing the company to rebrand certain rides without having to spend ridiculous amounts of money in rebuilding them.

The snowmobile manufacturer Arctic Cat Inc. is making use of VR technology so as to allow customers to ride and try out new snowmobile models right in their dealership.

Restaurant Marketing Ideas For The Summer

This summer, restaurant owners and operators will be bundled with opportunities to the market. Father’s day is one of the busiest days of the summer, and even “do it yourself” marketing month for entrepreneurs, allow for endless marketing campaigns that can run in tandem with one another.

June is the month for National Frozen Yogurt Month, Country Cooking Month, National Soul Food Month, National Dairy Month, and National Iced Tea Month among others.

You can make use of any of the above ideas to set your food-related marketing campaigns. If that isn’t enough you have National donut day, National Catfish day, and everything else.

Grants For Your Online Business

Small Business Financing

A grant is a free money. No need for repayments and no interest rates giving you sleepless nights. No need for credit score hassles and no lengthy paperwork. Sound too good to be true?

If you want to get a grant for your small business, it isn’t going to be easy, or else every small business would be milking the proverbial grant cow. There are two hiccups when it comes to getting a successful grant for your business:

1. Grants are difficult to locate. There are few websites such as Grants.gov and BusinessUSA, but everything else requires you to pay for its services.
2. Many of the grant contests are outdated by the time they make it onto a list. Even the most patient of business owners will be pulling their hair out before anything credible happens.

Time To Take Your Retail Business Global

With the spurt in online sales and e-commerce in general, local business owners now have the unique opportunity to sell their merchandise internationally to a pool of consumers all over the world.  The sales volume by the end of this decade reached close to $1.5 trillion, and it is expected that the numbers would only rise in the coming decade. What this means is that the medium and small businesses now have the opportunity to cater to a wide audience that transcends geographies.

The age of the international marketplace is very much here to stay.

If you are in the need to learn more when it comes to the financing of small businesses, then you will find exactly what you need at Building Block Capital. If you want to find the right financing options for your small business then get in touch with us at (877) 386-3035 or write to us at info@buildingblockcapital.com