Finance Fundamentals That Every Business Owner Has to Keep in Mind

October 17th at 11:39am

The American Dream has changed drastically over the past few years. Gone are the days when people would want to get a home, a car in the garage, and a chicken dinner by working 9 to 5. People now realize that there are more gains on offer by running a business, so they are up for having a fair crack at that opportunity.  While there are multiple fantasies that people have from running their business, the reality is a bit different from the world of make-believe. While small business entrepreneurs are considered to have a relaxed and comfortable lifestyle, the…

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Managing Employees in a Startup

October 16th at 11:20am

Welcome to the world of business startups. Being a small business owner or an entrepreneur as they call it has many roles and responsibilities associated with it. You have to make sure that you live true to all of the responsibilities so that you are able to achieve the end goal that you have in mind. Once you start your own business you have to take the role of the finance, marketing, operations and HR manager. Not only are you expected to make sure that the business rolls out in a manner that you expected, but you have to keep…

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What to Do Before Obtaining Small Business Funding?

October 15th at 8:16am

There are various stages in a business’s lifecycle when the owner has to apply for funding, either for a specific capital project or to pay off existing debts. Whether you need to acquire new assets or undertake a new project, you may need to apply for funding. A small business funding provides emerging businesses with a way out of liquidity crunch. However, there are several important factors that business owners need to consider before they approach a bank or a private funder. Before applying for a short-term funding, business owners need to think things through. The consequences of making a…

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Questions You Should Ask Before Acquiring Small Business Funding

October 8th at 4:48pm

The world of small business finance has grown manifolds over the previous century. Gone are the days where banks would act as the only reliable source of finance. We now have multiple private funders making finance easier for everyone involved. These funders help you get your hands on the finance you need to succeed in your business. Banks are no longer the one-stop outlet for getting funding, and the numerous other options now allow business owners to get small business finance without the hassle and trouble of banks. While these options have made getting small business funding easier, there is…

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All About Credit Profile

October 6th at 5:21pm

The business credit record provides comprehensive business credit account information that includes insurance, credit cards, funders, vendors, and other creditors. This information will include the dates of the creation of your accounts, any current outstanding balances, any past accounts due, and a detailed history of all your payments. Besides, it provides data that contain negative information related to litigation, court verdicts, tax liens, and past insolvency actions. The credit rates are only three-digit number; however, they assist funders in deciding whether the borrower can repay the funding on time or not. Moreover, the higher the score, the more opportunities you…

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Tips You Should Follow for Marketing to Different Generations

October 4th at 9:37am

A lot has been said and spoken about marketing to different generations. Marketers of today realize that they cannot mass-market their product in the same manner for all people and should realize the demographics at play, before spreading forward their message. To make sure that all markets are being captured, marketers have come up with techniques to market their products for different generations. Over time, we see numerous generations around us with their characteristics and attributes. Every generation that comes has a unique buying behavior and spending pattern. To best cater to their needs and their buying behavior, marketers ought…

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Tips for Improving the Financial Health of Your Small Business

October 2nd at 4:49pm

Accountant at work When it comes to running a small business of your own, there are numerous things that you can find exciting. Entrepreneurs get to experience a lot of exciting roles such as handling marketing, recruiting staff, and working towards the implementation of your brainchild. While all of these roles have their charm, most entrepreneurs forget the importance of financial ratios and checking on the financial health of their business. Managing the financial health of your business is not as exciting a role as others that an entrepreneur sees around them. Considering the boring technicalities of managing finance, entrepreneurs…

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What You Need to Know About Financial Statements

October 1st at 10:43am

Financial statements have long been an important part of business management. Businesses like maintaining financial statements because they do not only sum up the hard work that is put into the business but also help the organization grow into success. If you want to maintain your financial statements you ought to learn from the lessons that we mention as part of this article. Keeping tabs on your financial statements can be quite beneficial for your business. Not only do these financial statements help your business to reach the heights that you expect from your business, but they also allow you…

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