For many small businesses, the key to growth and stability is signing that one, game-changing deal with a large client. They just have to know where to look for the most lucrative opportunities. Unfortunately, business owners tend to completely disregard a massive source of revenue for smaller businesses. Believe it or not, the United States […]
As much as entrepreneurs love their careers, most would admit that it’s a lot harder than it looks. The life of an entrepreneur differs tremendously from the average employee. It requires many sacrifices, like working tirelessly for very little in return. People tend to associate entrepreneurs with vast wealth. What they don’t know is that […]
When businesses hit that inevitable speed bump, they often seek business loans to supplement their lack of cash. But maybe your business hasn’t been open for more than six months, and you might not meet the standard requirements for revenue or cash flow. Much like any other critical business decision, it never hurts to explore […]
One of the most tedious and unexciting aspects of starting a business is obtaining the basic requirements of a legitimate organization. Notable examples include business cards, a website, and the ability to accept credit card payments. This third example is a crucial step in a business’s development. Accepting credit card payments probably wouldn’t be so […]
Credit plays an increasingly bigger role in your life as you advance your career and reach for more milestones. Think about all the things you might want in the near future. Everything from a house to a business loan to a new cell phone plan. Your ability to access all three would depend on your […]
Many small business owners attribute their success to simply acquiring the most helpful resources for their needs. This includes employees, professional services (accountants, lawyers,) and technology. It’s safe to say the role of the third example has increased dramatically as of late. This makes sense because today’s market demands the utmost efficiency, and apps allow […]
Finance professionals often find that personal traits, not financial limitations, are inhibiting their clients’ success. This suggests that in order to grow and manage their finances, these individuals must first change who they are as people. Overcoming these mental obstacles ultimately makes the world of finance much less intimidating. In this new piece for Forbes, […]
Ask any business owner to name the number one requirement for financial stability. It’s not revenue, capitalization, or even access to affordable financing. You can hit the jackpot in all of these areas but still drive your business into the ground. While obtaining as much working capital as possible seems like the logical answer, it’s […]
Regardless of your industry, all small businesses share at least one common goal: substantial working capital. It’s almost impossible to grow an operation without the means for several major investments. When you hit the inevitable speed bump, your cash cushion will help you keep moving forward. Access to business loans has improved dramatically as of […]
It’s understandable for small business owners to balk at the idea of learning basic accounting terms and principles . “Isn’t that why I hired an accountant?” you might think. Yes, no one has to know this information better than your accountant or bookkeeper. You wouldn’t have hired them if they didn’t earn your trust, so […]
