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CASH FLOW CRUNCH?
April 9th at 5:44pm
Cash flow is always an important element in the smooth and successful operation of your business. Keeping track of your revenue and expenses, as well as all operating costs, is essential to project how much cash it needs daily to maintain and grow your business. Generating sales and managing operations are also important, but ensuring that that cash from those sales is collected and that your company’s daily cash flow needs are managed efficiently and effectively is even more important. And this is particularly true when the economy goes into a slump. Your business’s resources can be stretched to the max…
WANT TO FRANCHISE YOUR SMALL BUSINESS?
April 2nd at 5:33pm
If you have a small business that can be easily replicated, then franchising may be one of the best ways to expand it at a fast pace. And if you tackle it the right way, you can pump up your profitability. Below is a list that can help you get started: Get organized. Think through the process of precisely how your business works. Franchisees will need exact details and guidelines to get their businesses up and running. Hire an attorney. Getting expert advice is really crucial during the franchising process. Choose well when reviewing applications. You should be extremely selective…
FRANCHISE YOUR BUSINESS
March 26th at 5:06pm
A franchise business is a business in which the owners, or “franchisors”, sell the rights to their business logo, name, and model to third party retail outlets, owned by independent, third party operators, called “franchisees“. Franchises are an extremely common way of doing business. Here’s how it works: the owner of a business (known as the franchisor) licensing to a third party (known as the franchisee) the right to operate a business or distribute goods and/or services using the franchisor’s business name and systems (which varies depending on the franchisor) for an agreed period of time, in return for a fee. The franchise fee may be an upfront payment…
ALL ABOUT EQUIPMENT FINANCING
March 19th at 4:46pm
Equipment finance is common business funding that is offered to help improve cash flow and also improve working capital. It typically involves a funder giving a business finance that is secured by a piece of equipment. Here are just some of the small business needs you can cover with equipment financing: Forklifts, workbenches, and conveyor beltsPoint-of-sale payment processing software and hardwareCommercial ovens, grills, deep fryers, freezers, food processors, and moreOffice furniture and fixtures – everything from cubicles and desk sets to rugs and lightingSoftware, including operating systems, CRMs, and moreAppliances like telephones, refrigerators, coffee makers, and moreFood trucks, delivery vehicles, company cars, and trailersSolar…
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…
DOES THE FEDERAL RESERVE INTEREST RATE AFFECT YOUR BUSINESS?
February 13th at 9:54pm
Before you understand how a change in federal reserve cost of working capital affects your business you should first know what the Federal Reserve is trying to do. The goals of Fed monetary policy are (1) support sustainable growth in the U.S. economy, (2) support high employment and (3) keep prices stable. The Fed accomplishes these goals through managing the amount of money in circulation and in accounts at commercial banks. One of the Fed’s tools for managing money is to change cost of working capitals. High cost of working capitals make money more expensive and contract the amount of money…
TYPES OF BUSINESS FUNDING
February 6th at 9:47pm
There are 6 main types of business funding: SBA funding, business lines of credit, invoice factoring or financing, business term funding, equipment financing, or a merchant cash advance option. 1. SBA Funding The USA’s Small Business Administration partially backs funding that range from $5,000 up to $5 million to help out small businesses, although the funding are actually provided by online funders and commercial banks. SBA funding can be used for almost any business purpose and have low APR rates and long repayment terms, but the application process is long and time-consuming. 2. Business Term Funding With a traditional business…