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IS YOUR BUSINESS READY FOR FINANCE GROWTH?
February 13th at 8:24pm
Growth is crucial to the long-term survival of a business. It makes it easier to acquire assets, attract new talent and fund investments. It also drives business performance and profit. Many business owners appreciate that growth is an essential part of building a sustainable business. They also know that trying to grow too fast has been the downfall of many small businesses over the years. The first step is to work out how much financing you’ll need based on your overall business growth plans. Next, meet with your financial partners early on to discuss your plans and brief them about…
BUSINESS CONSULTING OPTIONS
February 11th at 10:13pm
A small business consultant works with clients on strategy, planning and problem solving, and helps clients develop business skills and knowledge. These topics range from designing a business model or marketing plan, to determining which marketing techniques to use and how to use them. Small businesses have plenty of reasons for considering small business consulting—small business consultants can help you save time and money, provide specialized advice, navigate changing workloads, and plan for the future, among other things. Some consultants are more like mentors and advisors, who work with small business owners on broad planning and strategy work. Others provide more specific, specialized services as subcontractors.…
BEST WAYS TO MANAGE SMALL BUSINESS DEBT
February 7th at 10:31pm
Businesses, like individuals, sometimes suffer from too much debt. Taking on the right amount of debt – and at the right time – can mean the difference between a business that struggles and one that succeeds. According to the U.S. Small Business Administration (SBA), roughly 50 percent of small businesses fail within their first five years, largely because of insufficient capital, poor credit arrangements and too much debt. If your monthly income and expenditure have become unbalanced, take a step back to look at where the extra expenses are creeping in. You can then make adjustments to your budget so that you can plan…
IS A BUSINESS LINE OF CREDIT RIGHT FOR YOUR COMPANY?
February 5th at 10:18pm
A business line of credit is a type of small-business funding that provides flexibility that regular business funding doesn’t. With a business line of credit, you can borrow up to a certain limit — say, $100,000 — and pay interest only on the portion of money that you borrow. Clearly, most businesses need a better understanding of where capital can be obtained quickly and inexpensively. This is where a business line of credit can help. APPLY FOR A BUSINESS LINE OF CREDIT Small Business Line of Credit Advantages A credit line works like a credit card, offering you fast, easy access to cash. You can tap…
The Reasons Why Big Banks Say No to Businesses
January 31st at 3:07pm
Banks can offer funding to small business owners, but they have to meet all of their strict qualifications and get past their tough restrictions. Even if you run a successful business, you could still have your funding application rejected when you don’t meet all of those high expectations. Find out what things get banks to turn away small business owners, and what funding alternative you can turn to. You Don’t Have Good Credit Your business credit score is one of the first things that banks will take a look at when you apply for funding. So, if your overall score…
How to Use Marketing to Grow Your Business
January 26th at 3:04pm
You want your business to grow. You want to increase your audience and entice more customers to come through your front doors. You want to get more partnerships and agreements between other up-and-coming businesses in the community. You want to make enough profits that you can eventually expand, whether that be with a bigger line of services or a new location across town. This type of growth can be organic, but it will likely be slow and steady. If you want to speed up the process, you’re going to need to intervene. That’s where digital marketing comes in. Find out…
Everything You Need to Know About Business Credit
January 20th at 3:01pm
You need to show your consumer credit report to get through significant financial decisions, like applying for a mortgage or buying a car, and the report’s score determines the outcomes of those decisions. A low number gives you contract restrictions, high cost of working capitals, and sometimes, outright rejections. Business credit is not too different. Read ahead to find out more. What Is Business Credit? The average person deals with consumer credit. As an entrepreneur, you have to deal with business credit, too. Business credit is the official track record of your operation’s credit history and the assessment of its…
All of the Essentials for Opening up Your Online Store
January 15th at 3:01pm
Ecommerce is the way of the future. Entrepreneurs don’t have to hunt for a storefront to rent out every month. They don’t have to wonder if they’ve picked the right location, or if they’re going to be in a dead-zone for customers. By starting up a store online, they can circumvent those problems and reach people all over the world. If you’re planning on opening up your own online store, you have to think about these essentials: Get the Basics You won’t have much of an online store if you don’t have consistent online access. You will want a reliable…