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WOMEN OWNED BUSINESSES IN THE UNITED STATES
January 14th at 1:27am
Women are a powerful business force in America. American women are involved in virtually every industry with an unmatched entrepreneurial spirit. There are a variety of resources designed to help women aspiring to be small business owners overcome hurdles, whether it be a lack of funding, limited education, lack of training and mentorship, and so on. This article will outline those resources so you can find what you need to build a successful business. Let’s start with some statistics: Women Owned Business in the United States More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating…
WANT TO BUY A FRANCHISE? IMPORTANT TIPS
January 6th at 11:18pm
Everyday we walk into businesses that are franchise business models, such as restaurants, coffee shops, printing places, etc. A lot of entrepreneurs choose to buy a franchise because they are already proven businesses and where the operating structure, suppliers and management know how is available for a new location. A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor’s name for a specific number of years and assistance. Franchises can be very profitable. According to…
When Is the Right Time to Expand Your Business?
December 29th at 3:15pm
You’ve had your business open for a while now, and you’re wondering when it will be the right time to expand it. You don’t want to overestimate your trajectory and fumble a good opportunity. Read about the clear signs showing that you should be planning on expansion and how you can make it happen. Business Is Going Well The first sign that you should consider expanding your business is that you have steady profits and you have had them for a long time. Your budget is stable. You have a consistent flow of customers. It’s not enough to look at…
How Can You Get Access to Money in a Hurry?
December 26th at 3:11pm
Your store has a steady stream of customers. Your cash flow is consistent. In a sense, your business is doing just fine. But, you don’t have enough profits coming in to reach loftier goals — you only have enough to maintain the pace that your store is running at right now. Unless your sales suddenly spike, you’re going to need to get some funding. Find out what type of business funding you can get in a short amount of time. Bank Funding? It seems obvious to go to a bank for funding. That’s where you deal with your personal finances,…
4 Important Things to Do Before Hiring New Employees
December 19th at 3:07pm
You’re thinking of hiring more employees. Maybe you only want to bring on one new staff member, or maybe you’re hoping to add a bunch of people to the team. Whatever the size of your hiring goals, you need to think about these important things before offering candidates the job. 1. Look over Your Finances The first thing that you need to do is look over your finances to see if hiring a new employee works with your budget. You will need to consider their pay, their benefits and any additions like uniforms, equipment and training. Before you convince yourself…
Commercial Funding – Best Way to Grow Your Business
December 18th at 6:47pm
Whether you are planning to have a start-up or need finances to meet basic business operational needs such as purchasing equipment to use in the production process, commercial funding can be beneficial. These are short-term funding that are usually obtained by partnerships, corporations, and business enterprises. Moreover, commercial loans cannot be used for personal needs. You can fund a commercial funding through financial institutions and private funders. These short-term funding are easily accessible and straightforward, helping you to grow your business. If you are looking for its benefits and uses, here is everything you need to know about commercial funding.…
Business Financing – Wings To Your Dream
May 1st at 7:29pm
Companies either inborn or well-known both are dedicated to grow and develop, and for this purpose, they demand substantial investment. And the two genuine sources for seeking economic strength are traditional banks and high street funders. Though two of them are loaded with benefits, however, the main difference is access. The established companies will run to big banks for the provision of cash because they have all that funding approval system of traditional banks demand. On the contrary, alternative funding organizations are aimed at boosting entrepreneurship. That’s why they provide numerous funding; each is set to fit and fix local…
Asset-Based Funding – Accelerating The Future
March 19th at 8:27pm
There are times when you need substantial cash to cover the daily business operational budget and efficient industrial functionalities. Besides, you do not have massive revenues for the repayment of the funding, but valuable collateral to leverage. Therefore, high street funders offer smart financial choices to uplift the sinking business. The investment plans include asset-based funding, which means the funding will be provided in exchange for the assets. This cash will enable you to access the gain of massive capital, or you can facilitate your industry with modern equipment. Moreover, you can purchase inventory with this cash, as well. Consequently,…