Small Business Loans
Starting and running a business is demanding but exciting. You’ve got a great idea and a rock-solid business plan, and you put in the hard work. There’s just one thing you can’t succeed without: money. Whether you’re starting a business or investing in the one you already have, it can be expensive, and that the […]
There’s no point in denying it: small business “grants” are just another word for “free money.” You don’t have to pay them back, or worry about fees, terms, and the various other disadvantages of traditional business loans. It’s actually quite simple: you just see if you qualify, gather the paperwork for the application, and that’s […]
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 […]
The general requirements for the traditional small business loan have the same purpose: showing the financial institution that they can trust you. Each requirement gives the institution another reason to trust the applicant’s ability to make regular payments while maintaining their business’s financial health. Many successful businesses, however, cannot meet these notoriously high standards. Maybe […]
Many new businesses cannot afford to cover startup costs and/or recurring expenses with their own money. Of course, this doesn’t mean the business has no shot of opening. The owner just needs to find another source of funding. In most cases, the search for funding ends with one of two solutions: debt financing or equity […]
After figuring out your general strategy and business model, it’s time for the least fun part of starting your own business: calculating startup costs. There’s equipment, marketing, and office space, but these expenses pale in comparison to the cost of your initial supplies of inventory. New businesses must provide exemplary customer satisfaction in order to […]
Many service-based businesses do not get paid immediately after serving their customers. Instead, they send invoices to their customers that contain the agreed-upon due date for the full payment. This business model has worked for generations but doesn’t always achieve the expected result. Common problems include customers failing to pay on time and businesses extending […]
The increasingly prevalent role of the Internet in countless businesses has exposed the unrivaled convenience of working from home. More and more companies now offer remote work for employees, and starting your own home-based business has never been easier. Thanks to the Internet, you don’t have to leave the house to talk to clients, perform […]
