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Top 10 Books on Business Financing

30 Jun, 2016 / Comments:Comments Off on Top 10 Books on Business Financing / By William Mahnic

Summer is a great time to catch up on some financial reading. We’ve put together a list of ten books on business finance that can’t be missed. These picks will propel your professional career, as well as help your personal finances. If you are a finance professional or a business owner who wants a better understanding of the fundamentals behind business finance then look no further.   “When Genius Failed” by Roger Lowenstein This book is considered a business classic, but has been

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Actionable Steps on How to Get a Business Loan for a Salon

27 Jun, 2016 / Comments:Comments Off on Actionable Steps on How to Get a Business Loan for a Salon / By William Mahnic

There are more than 1 million salons throughout the country, showcasing the profitability of this business model for those interested in the industry. If you are among the talented that can deliver high-quality haircuts and styles, nail art, or relaxing spa therapies, opening your own salon can be a great way to reach the level of success you desire. Before you start, though, there are certain steps you should take to ensure that you get the business loan you need to open a salon as obtaining the

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How to Get a Business Loan for a Pizza Restaurant

23 Jun, 2016 / Comments:Comments Off on How to Get a Business Loan for a Pizza Restaurant / By William Mahnic

Pizza is one of only a handful of things in this world that everyone can agree on. In fact, studies have found that more than 90 percent of Americans indulge in a slice or two of pizza at least every month and the pizza industry brings in more than $36 billion each year. These numbers can be extremely enticing for a small business owner. However, if you’re looking to open a pizzeria, you’ll need to have capital. This is especially the case to secure equipment such as restaurant seating and pizza

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10 Ways to Improve Cash Flow for Your Small Business

20 Jun, 2016 / Comments:Comments Off on 10 Ways to Improve Cash Flow for Your Small Business / By William Mahnic

As a business owner, the goal is to always be growing your top line and increasing your profits each year. However, even if you are, it’s best not to let your guard down, as even those companies that are profitable and growing can have major cash flow issues if their operations, investing activities, and finances aren’t running as smoothly as possible. At some points in your business you’ll be cash flush, whereas others you may not be. During your low times, consider these ten ideas to aid

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How to Deal with Rising Business Expenses

16 Jun, 2016 / Comments:Comments Off on How to Deal with Rising Business Expenses / By William Mahnic

The rising cost of health care, gas prices, and other such expenses has given businesses in the US a major challenge to stay afloat. Increased costs can have a major impact on your bottom line. If you feel the pressure of rising expenses, then it likely is time to review your business strategy and implement a few needed changes. Be assured that you are not alone in this battle, as there is not a single business that isn’t impacted by the rising cost of fuel, real estate, rent, health insurance,

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7 Business Loan Requirements You Should Meet

13 Jun, 2016 / Comments:Comments Off on 7 Business Loan Requirements You Should Meet / By William Mahnic

Having a great business idea is not enough to get your business started – you need plenty of capital, which is usually hard to come by if you are just starting out. If you are not independently wealthy, you will likely need a business loan to help you get started and possibly stay in business. In order to qualify, there are many requirements you have to meet – here are a few to get you started off on the right foot whether you plan to apply with a commercial bank, regular bank, or credit union.   1.

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5 Options for Restaurant Loans in Today’s Market

09 Jun, 2016 / Comments:Comments Off on 5 Options for Restaurant Loans in Today’s Market / By William Mahnic

There are over one million restaurants in the US, making it one of the most popular types of businesses to own. Being the owner of a restaurant is both an exciting and potentially extremely profitable affair. However, it can also come with major risk. In fact, only 40 percent of new establishments make it through their first year. If you are the owner of restaurant and want it to both thrive and survive, you need to have a good business plan, great atmosphere and food, as well as plenty of funds.

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Why Cash Flow is King as a Business Owner

06 Jun, 2016 / Comments:Comments Off on Why Cash Flow is King as a Business Owner / By William Mahnic

Believe it or not, succeeding in business does not mean you have to be a financial wiz. In fact, you do not even have to use fancy software to keep track of your finances. If you can do basic accounting, such as balancing a checkbook, you can be a successful business owner. The key, however, is having proper cash flow – without it, you will be among the 30 percent of businesses that fail within the first couple of years of starting.   Cash Flow Keeps you out of Debt Debt is a dirty word when

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How to Get Business Loan Financing for Veterans

02 Jun, 2016 / Comments:Comments Off on How to Get Business Loan Financing for Veterans / By William Mahnic

Military veterans have several benefits that they are eligible for once they exit the military and become citizens once again. One such benefit is free help in locating and obtaining needed funds to start, run or grow a business. The Small Business Administration (SBA) works with the United States Department of Veteran Affairs to aid veterans in securing these types of loans. The SBA created the Patriot Express Pilot Loan Initiative in 2007 in order to provide veterans with easier access to funding

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