Business Tips
The advice of one successful entrepreneur might differ greatly from the advice of another. One tip every successful entrepreneur will agree on, however, is regularly monitoring your finances. The value of this routine is regurgitated in just about every online article you see about spending or business growth. When you read the same thing over […]
When asked about the first steps towards obtaining a small business loan, most business lenders will agree that you should begin by asking yourself a question: What is the true reason you are thinking about applying? If you intend to make the best use of the borrowed funds, your answer will not be singular. While […]
You’re ready to begin your journey for a small business loan, but there’s one problem: Every online article you read about what to do says something different. Should you start by compiling financial documents, researching requirements, or contacting potential business lenders? You’ve already done something right by wanting to be prepared. The more time you […]
When looking at the mistakes of failed small businesses, each business’s demise appears to have at least one thing in common. It turns out that the mistakes they made weren’t related to simply going about something the wrong way. They’d didn’t choose the “wrong” marketing strategy, release the “wrong” product, or invest in the “wrong” […]
If your wholesale business is in need of additional working capital, accounts receivable factoring may very well be the sensible solution you’ve been looking for. Compared to more traditional business small business loans, accounts receivable factoring carries less risk, more flexibility, and more accessibility. As long as your business is profitable and collecting invoice payments, […]
Every industry has challenges that will likely never go away. The proof lies in almost every article you read about current or upcoming challenges for popular types of businesses. Trends change but there’s a good chance that the challenges you’ll read about are the same challenges these businesses have been dealing with for generations. This […]
A common dilemma of business leaders is making employees feel just the right amount of anxiety about their work. The goal is to make sure they are aware of short-term goals but are not burdened by unnecessary fear. Establishing this perfect balance is not easy, especially if you are also worried about employees not taking […]
One of the most baffling paradoxes about small business owners is their tendency to continuously make the same mistakes, despite all their hard work and passion. Even the most motivated and financially-prepared business owners can unknowingly drive their businesses to failure. Fortunately, an increasing amount of new business owners becoming more aware of these mistakes, […]
One of the main reasons applying for a small business loan is seen as such a confusing, stressful process is the fact that every business lender is different. It’s not uncommon for a borrower to have to speak with multiple business lenders before being approved. After figuring out which type of small business loan makes […]
If you intend to take out a small business loan from a bank, one of the primary requirements is a business plan. Preparing this 12 to 15-page plan could very well be the most tedious part of the entire small business loan process, including repayment. In this guide, we’ll break down everything your bank will […]
