Business

Hero FinCorp published in Business

Steps to Get Unsecured Business Funding

Funding a business is not an easy feat. Every business owner understands the importance of funds and the efforts they have to make to get access to money. If there is an inadequate fund, the business could come to a standstill and cause trouble. It is best to have an emergency fund set aside for the business but sometimes even that fund is not enough. This is when you need to consider other loan options. One of the most common types of loans is an unsecured loan. The loan does not need you to hypothecate any asset and it offers funds for all types of businesses. If you are keen to apply for unsecured business funding, here is how you can go about it.

1. Identify the purpose of borrowing

Before you proceed with any loan application, you need to be aware of the purpose of borrowing and the amount of funds you need. Only when you know where you want to use the funds, you will be able to estimate the amount of funds you need. It helps to have a clear estimate of the amount. This makes the process of negotiation easier and lenders are always looking for borrowers who are prepared and know how and where they will allocate the funds. Never underestimate or overestimate this amount because it could lead to trouble in the long term.

2. Check the eligibility criteria

When you begin to scout the market for lenders, you need to keep in mind that all lenders will not have the same eligibility criteria. You must compare the same online and then make a decision. A lot of lenders require the business to be in existence for a minimum period of three years and it should be profitable. Lenders will also take your credit score into account.

3. Gather documentation

Since there is no hypothecation of assets in unsecured business funding, it is quicker to get the loan approval. Before you make the application, it is best to gather the documents and have them in place. You will have to provide KYC of the partners, address proof of the business, business registration documents, ITR, bank statements, income statements, balance sheets, and projected financial statements. If the lenders require any additional information, they will contact you for the same.

4. File the application

You can now proceed with the loan application. Simply fill the online form and submit the necessary documents. Read the terms and conditions of the loan thoroughly before you sign on the dotted line. Your application will be processed and approved within 10 working days and you will have the funds in your account.

It is important to make timely payment of dues in unsecured business funding. You need to keep in mind that if you default, it could hurt your credit score. With high loan amounts and low-interest rates, the unsecured loan has become an ideal form of borrowing and will help achieve the business goals.

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William Mark published in Business

Sustain The Ride-Hailing Industry With The Taxi Booking App Script

Mobile app

The mobile app has taken the ride-hailing industry. Uber, Ola, and Lyft are offering the best service for people. These apps have undergone tremendous growth in recent times as many people book a cab using mobile apps instead of the traditional taxi service. People are so convenient in using the taxi-booking app and this is the main reason for the growth of the online ride-hailing industry.

Are you an entrepreneur running a taxi-booking service business? You can boost your business with a mobile app. Taxi app script empowers to customize the app depending on your business requirements. First, let us discuss some of the Unique Selling Propositions (USPs) of the taxi booking app script to be considered.

Simple yet intuitive design

Considering the Mobile app’s UI and UX, the taxi app script offers an intuitive layout with top-notch features. The key point is that it is easily customizable based on your needs. The script solution is rebranded with your logo, theme, brand name, and navigation system. Thus, it enhances the functionality of the mobile app. Having a simple yet intuitive design improves the user experience considerably.

Preference to women

Suppose, a woman is booking a can during night hours, and you can let her ask for a female driver instead of a male driver. By offering special preferences to women, you can charge extra money for the service. 

Incorporate the chat feature

Once the customers book a ride, let them easily connect with the driver upon the request confirmation. Considering privacy in mind, you can let both of them communicate with each other via the in-app chat feature. This seems to be the essential feature as it is needful for drivers when they need any clarification regarding the pickup location.

Multi-currency support

Each of them has a unique business plan. If you aspire to launch the taxi booking mobile app globally for reaching a broader audience base, incorporating the Multi-currency feature is essential. This plays a significant role. Because this makes your app accessible all over the world.

Push notifications

Upon the driver’s confirming the customer’s ride request, the Push Notification feature will send a notification to the rider about the driver’s location and the estimated time of arrival. Also, notifies about the offers, discounts, and promo codes. Thus, it helps to increase the user engagement ratio and builds a strong customer base.

Cab type

This feature will let the customers select the cab type before confirming the ride request. Apart from that, allow them to know the estimated cost based on the cab they choose. 

The uniqueness of the app

App uniqueness is the essential factor that helps you to stand out from the other taxi-booking apps. For that, you have to include the new and innovative features based on the recent market trends. Some of the premium features you can consider incorporating in the taxi-booking app are listed below.

  • Bidding option
  • 360 view
  • VOIP
  • Referral marketing

The taxi clone script consists of 8 modules: User app, Driver app, Admin dashboard, Dispatcher panel, Partner console, Driver console, Hotel console, and Corporate panel. While focusing more on the premium and advanced features, do not opt-out of any essential features as it is more essential for representing the Mobile app’s functionality.

Winding-up
A taxi-booking app script empowers you to launch your personalized Mobile app in the wink. As this script is a ready-made solution, it is easy to customize it depending on your business needs. When everyone enters into the lucrative ride-hailing industry, it is necessary to make your app unique and get a wider audience range with the appealing UI/UX. Frame your business plan with unique features and withstand the heavy competition.

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gargi sharma published in Business

6 Compelling Reasons Why Every Small Business Need an App

Small Business

Why Every Small Business Need an App? In today’s hyper-connected world, Apps have a special place in our everyday lives. However, small business CEOs still believe that having a website and Facebook company page is enough to have a strong online presence. But this is far from the truth as these days, Apps have become a powerful marketing tool that only increases revenue, but also helps in achieving brand loyalty, indispensable for sustained business growth.

Now, you wonder, why does a small business need an App? This article aims to answer this most prevalent of small business owners by putting forth valid reasons that make investing in a dedicated business App a must in 2021. So, let’s scroll down and have a look: –

1 Promote Your Products/Services

Whether you run a family bistro or plumbing service provider, an App makes a better impression on your prospective clients.

It will make your business have a competitive edge over its market rivals, and develop the interest of your clients for your products/services.

Further, having an App is a long-term marketing investment, you don’t have to put in time & effort into other promotional techniques, such as newspaper advertisements and billboards.

2 Engage with Your Customers

With a dedicated mobile app, a small business has the opportunity to interact with its customers in real-time.

You can keep them engaged by offering them a special promotional discount, ask for a customer opinion poll, features like push notifications of a business App can boost the revenue from repeat customers

3 Get a Feedback

If you want to know how your particular product is performing? Are there loopholes for significant improvements to enhance the customer experience? A business App can help, encourage your customers to write feedback, a review, or even a complaint about your product/service.

Always keep in mind, a good business relationship doesn’t end immediately after the exchange of money, it is merely the beginning, and as a business, you’ve to strive for improvement to survive & thrive in today’s cut-throat competitive business world.

4 Build a Stronger Brand

One of the key perks of hiring a forward-thinking app development company in Jaipur to design & develop a mobile app is that it aids in improving brand awareness and communication. And, with regular interaction with your prospective clients, you can foster trust.

The more the audience trusts your business, the more likely it’ll pay attention to your offers and product offerings, thus improving your sales numbers.

With a dedicated business App, you can illustrate to your potential clients why they should trust you, and what differentiates your brand from others. In the same way, giving away calendars and fridge magnets with your company logo, a mobile App strengthens your brand visibility and educates your potential market.

5 Boost Profits

Customer satisfaction is directly proportional to increase profits. Your prospective clients will love the convenience to order your products or services from the comfort and safety of their homes with a few taps on the mobile App.

These days, people even don’t have time to surf the internet, then browse the site, and look for the contact number or form to reach out to. A mobile App takes commence to a whole new level.

6 Better Customer Support

With a mobile app, you can offer better client support in real-time. The App must-have features such as in-App chat that connect your customers with your customer support to answer even the minutest query right away. Include an FAQ section or an automated chat mechanism that resolves some of the most prevalent questions that your potential customers may be having.

As said earlier, better customer support improves client satisfaction, and ultimately sales figures.

Final Thoughts

The success of your business App mainly depends upon your mobile app development company and its ability to craft a user-friendly, feature-rich App that users love to browse and stay connected with your business. So, it is best advised don’t just hire any other App development agency, research well to narrow down on one or two good options. Interview them personally, evaluate their portfolio to know if they’ve relevant experience to handle the complexity of your project. And, finally, compare their quote to make a well-informed decision.

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