Letter to Business Owners across America

We are all facing a forced economic shutdown, because of the coronavirus pandemic, but the demand will rise strongly within 3 months once the economy starts again. You must plan and prepare for the growth surge that is ahead. There is a huge opportunity ahead in various B2B and B2C businesses!

We believe that most small and medium businesses, or SMBs, can double their annual sales over the next 12 to 24 months and this is possible by focusing on the target markets that your business has, and also, maximizing the visibility of your business in front of your target customers. And for this purpose, we have social media platforms like Facebook, LinkedIn and Twitter that are extremely useful to showcase your products and services. We have experience in doing that for businesses over the last 12 years, and that experience will be available to all our customers across America.

In the current scenario with the Coronavirus pandemic, there is/there will be huge demand for construction of various types. So among the different kinds of industries that we are engaged with, we are seeing a huge increase in construction projects of different types. And if you are a construction worker, your challenge is probably not as much as sales but in getting the funds to, to execute the projects that may come to you in the next 6 months.

And the same is true for any company involved in protective clothing, masks, disinfectants, soaps, and any other kind of medical products and medical supplies that are in huge demand currently. But the manufacturing capabilities of such products is not in the US currently because all the manufacturing has gone to China over the last 20 years. So suddenly, there is a need to rebuild some manufacturing capacity within America in an urgent way, and utilize that manufacturing capacity to provide essential medical and healthcare supplies, as well as consumer supplies related to hygiene and healthcare.

So these manufacturing capacities are in huge demand, and small businesses should orient themselves to produce these products if they have the ability. And we understand that many don’t have, because over the last 20 years, a lot of manufacturing work has gone to China, and the majority of the industries or service industries in the US and of course, the farming is very much there as a backbone.

But in this case, the need is for medical supplies and hygiene products, which are mostly imported today. And there will be higher demand, for the next several years, to produce within America because the current health risk is not a one-off event. Medical experts think that this kind of new virus maybe a recurring event for the next few years until society develops immunity against the virus. So businesses have opportunities for that purpose.

But independent of what industry you are, whether it’s a cafeteria or a restaurant that has been hard hit by all the lockdowns and closures, or any other form of business, we can work to get your sales and marketing plan in place, and we can also connect you to finance companies who will be happy to provide very timely finance to you to grow your business.

Now if your sales are looking good, and there are new opportunities you want to capture by increasing your capacity or buying new equipment, often businesses run into the funding constraint that the finances are not available to rapidly utilize available opportunities. For example, there may be a construction project, which needs new equipment but the finance may take a long time if you approach banks, but there are private finance companies who are ready to lend at very attractive/nominal rates within 3-5 days. Such a solution helps in most cases.

Of course, the government is also giving various forms of grants and we should think of using them, but there is finance that is available from multiple sides that you can explore through us. Thank you. Best Wishes, Shankar

First Choice Bancorp Added to the Russell 3000 and Russell 2000 Indexes


Cerritos, California, June 26, 2018 (Globe Newswire) — (Nasdaq Capital Markets: FCBP) – First Choice Bancorp, the holding company for First Choice Bank (the “Bank,” collectively, “First Choice”) announced it was added to the Russell 3000® Index and the Russell 2000® Index when Russell investments reconstituted its comprehensive set of U.S. and global equity indexes after closing on June 22, 2018.

“Being added to the Russell indexes is a milestone for First Choice, and we are happy to have earned this distinction,” said Robert Franko, President and CEO of First Choice.  “Inclusion in these market benchmarks is expected to raise our profile with institutional investors and support trading of our shares.”

Peter Hui, the Chairman of First Choice, stated, “We set ourselves on a path last year to achieve this honor. Our Board and all of our colleagues have worked very diligently to get to this position. From our founding in 2005 until today, we have always strived to do what is best for our shareholders, our clients and our employees.”

The Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. In the U.S. marketplace, almost all of the U.S. equity assets are benchmarked by the Russell 3000, representing more than $8.5 trillion. The Company will hold its membership until FTSE Russell reconstitutes its indexes in June 2019. Membership in the Russell indexes remains in place for one year and automatically provides inclusion in the appropriate Russell growth and value style indexes. FTSE Russell determines membership for these indexes primarily by objective, market-capitalization rankings. Continue reading

How to Manage Cashflow Problems

One of the most common problems that affects businesses is that their customers owe them money. When you’ve done the work but people are being slow to pay you, you can get behind with bills and be short of money to invest in your business. This is an annoying situation — you’re being chased for debts that other people refuse to pay. There are, though, a few ways to improve your customers’ payment speed.
Remember You’re a Credit Provider.
When you do work and invoice afterwards you are extending credit to your customers. As such, if the cost is going to be high, you should consider running a credit check on them before you start work. This will show you whether the company you’re about to do work for is in trouble, and can help avoid lots of problems later on. You can run credit checks online at a low cost.
Give Invoices a Due Date.
A mistake many home businesses make is to send invoices that have a fancy layout and say how much the customer owes, but don’t contain any direct instruction to pay now. This results in customers receiving the invoice and putting it on their ‘unimportant chores’ pile — you know, the one that doesn’t get done for months. Continue reading