Why It’s the Right Time to Open a Business in Maryland

February 27th at 4:55pm

Maryland is brimming with small business opportunities. So, aspiring entrepreneurs don’t need to hold their breath and wait to get their ideas off the ground. It’s time to make a move. Find out what makes this state so special when it comes to business, and how you can get yours started this year. Supporting Small Business: You recognize the saying that small businesses are the backbone of the economy. When it comes to Maryland, this statement is very true. Small businesses make up 99.5% of all businesses running in the state. That’s a small sliver away from comprising the entire…

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MERCHANT CASH ADVANCES ARE HOT

February 25th at 11:00pm

Today’s small businesses don’t need to rely on big banks for financing options. Over the past decade, there has been a rise in alternative funding platforms that make it easier and faster for startups and small businesses to find the cash they need when they need it. When business owners consider applying for a merchant cash advance (MCA), it is usually because they are in need of cash flow immediately, have poor credit, or haven’t had success with traditional funding applications. MCAs give business owners flexibility as funds can come through to their bank accounts within days and the transaction requires…

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BUSINESS NETWORKING – TIPS FOR ENTREPRENEURS

February 22nd at 5:25pm

Business networking simply refers to building and cultivating relationships with people of similar interests in ways that can benefit all parties. Whenever people gather for Chamber of Commerce socials, join professional associations, go to conventions, or ask friends for introductions or recommendations, they’re networking. Many people network to get leads for new business, but networking can also help you find a job, change careers, hire good employees, sell products, improve your business practices or accomplish any number of professional goals. Today’s professionals use traditional forms, but they also have other choices for business networking. They might join groups, attend networking events or…

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BEST BANKS FOR YOUR SMALL BUSINESS

February 20th at 10:17pm

Having a good bank relationship can benefit you here because if the bank understands your business they may be able to understand fees or you could negotiate lower fees with them.  Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow. It is critical when running a business that you avail of the services of a bank. Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow.…

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Is Virginia One of the Top States for Entrepreneurs?

February 20th at 4:51pm

You know that the state of New York has a tireless work ethic since it famously hosts the city that never sleeps. You know that California is a great place for innovators and inventors pushing the boundaries of tech since it’s the homeplace of Silicon Valley. But, do you know what the state of Virginia offers for people looking to start a business and succeed? If you’re an entrepreneur or even an aspiring entrepreneur, you should read this to learn the pros and cons of running businesses in Virginia. A Brief Look at Virginia According to the U.S Small Business…

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Expand Your Business with Merchant Cash Advance

February 18th at 10:15pm

Cash flow issues are a concern for most small and mid-sized business owners. In fact, many small business owners find it difficult to manage growth because of concerns about funds. Having access to the right funding makes it easier to support business growth. There are many different choices out there, but a merchant cash advance might be one you want to consider. Here’s how it works: A merchant cash advance provider gives you an upfront sum of cash in exchange for a slice of your future sales. Instead of making one fixed payment every month from a bank account over a set repayment period, with a merchant cash advance you make daily or weekly payments, plus…

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The Best Way to Scale Up Your Store

February 17th at 4:52pm

You are planning on setting your entrepreneurial sights higher. You want to bring your business up to another level, either by expanding your products/services or by adding another location to your brand. You’re trying to scale up. If this is true, you have to watch out for one mistake: trying to scale too quickly. Why Should You Take It Slow You’ve heard the saying: “Slow and steady wins the race.” That motto is true when it comes to business expansion. Trying to race through the process and scale up as quickly as possible could backfire. If you’re not careful, you…

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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…

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