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NIKE – JUST DO IT
March 12th at 4:35pm
Nike has done it again. They’ve turned heads, they’ve shown their brand mentality and they have got people talking about them. This week, they celebrated the 30 year anniversary of their “Just Do it.” slogan. But lets take a quick look at Nike’s famous Just Do It marketing campaign. The campaign started in 1988 and was heavily run alongside sporting celebs and everyday people through to 1998. In that time, Nike went from sales of $877m to $9.3bn. The tagline was not only adopted by many other brands but was also an inspiration for other companies to create their own.…
INVENTORY BUSINESS FUNDING
February 27th at 7:47pm
If your business requires on-hand inventory, and looking to finance production or get business funding based on current inventory, the following information may be useful. Inventory financing is an asset-backed, revolving line of credit or short-term funding made to a company so it can purchase products for sale. Those products, or inventory, serve as collateral for the funding if the business does not sell its products and cannot repay the funding. Inventory financing is especially useful for businesses that must pay their suppliers in a shorter period than it takes them to sell their inventory to customers. Inventory financing is a popular…
SMALL BUSINESSES IN USA – INTERESTING FACTS
February 20th at 7:19pm
There are 30.2 million small businesses in this country, which comprise a whopping 99.9% of all United States businesses. As a note, we pulled this statistic from the SBA Office of Advocacy, which defines a small business as a firm with fewer than 500 employees ● Firms with fewer than 500 workers accounted for 99.7 percent of those businesses. ● Firms with fewer than 100 workers accounted for 98.2 percent. ● Firms with fewer than 20 workers made up 89.0 percent. ● Employer firms with fewer than 500 workers employed 46.8 percent of private sector ● Employer firms with fewer than 100 workers employed 33.4…
BEST SMALL BUSINESS IDEAS
February 7th at 4:08am
There are tons of small business ideas, and what defines a “best” business idea largely depends on an aspiring entrepreneur’s personality and skill set (and its potential to earn you money, of course). The best small business ideas ultimately depend on the entrepreneur—their background, budget, and the kind of small business they’re interested in starting. The business ideas on this list will help give you a better sense of the possible requirements and planning that are involved in starting and running a small business—including how you may or may not be suited for one of these particular options. Best Small…
BEST FINANCE ADVICE FOR BUSINESSES
January 31st at 3:59am
The finance part of the entrepreneur’s job — working with numbers, ledgers and spreadsheets — can seem tedious by comparison. But understanding and implementing sound financial management techniques contributes significantly to the long-term success achieved by the company. First Things First: A Few Financial Basics Create a Financial Calendar. Check Your Interest Rate. Track Your Net Worth. Set a Budget, Period. Consider an All-Cash Diet. Take a Daily Money Minute. Allocate at Least 20% of Your Income Toward Financial Priorities. Budget About 30% of Your Income for Lifestyle Spending. Separate Your Personal and Business Banking Accounts Though at first this…
DO YOU NEED A BUSINESS ACCOUNTANT?
January 17th at 3:45am
Every business, no matter how small, needs a financial and tax advisor. But your business needs a Certified Public Accountant (CPA), not just an accountant. Small business accounting can quickly become complex if you do it on your own. If you feel you’re losing control of who owes you money and how much, an accountant can help you get back on track. You may also want to measure key business metrics, such as the ratio of salaries and other employee payments to total revenue. An accountant can help here by managing your payroll and producing graphs so you can see…
VENTURE CAPITALISTS: GOOD FOR YOUR BUSINESS?
December 27th at 9:34pm
A venture capital fund is an investment fund made up of contributions from wealthy individuals or companies, who give their money to a VC firm to mange their investment portfolio for them and to invest in high-risk start-ups in exchange for equity. Often, the greatest obstacle between a great idea and a profitable business is cash. Venture capital can be a viable financing resource for either a start-up or a going business. Venture Capital (VC) firms make calculated investments in companies that they believe have the potential to make them money. Advantages: The primary advantage of venture capital financing is…
HOW TO ATTRACT INVESTORS
December 20th at 9:34pm
Before you even begin to consider outside investment, consider how you can launch the company and get to revenue before you have to raise money. Although it seems hard in the short-term, it’ll be better for you in the long-run in terms of your knowledge of the process, and building your own equity. Too many young entrepreneurs become obsessed with raising angel and venture capital. When this happens, these folks lose sight of the real reason they became entrepreneurs – to launch and grow their company. How to Attract Investors for a Startup Start with a research of your own. Be…