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Small Business Marketing Strategies That are a Waste of Money

22 Jun, 2017 / Comments:Comments Off on Small Business Marketing Strategies That are a Waste of Money / By admin

In order for your small business to grow, you need to market it. Your budget is tight and marketing strategies can be rather pricey. There are numerous marketing strategies out there. You don’t have time or the money to spend on strategies that just don’t work. Here are 6 small business strategies that are a waste of your money.   Building Your Following on Social Media Everyone is on social media. It would only make sense to start building your following on sites like Facebook, but not

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Tips to Protect Your Small Business Against Fraudulent Chargebacks

08 Jun, 2017 / Comments:Comments Off on Tips to Protect Your Small Business Against Fraudulent Chargebacks / By admin

You always hear about advice for consumers to protect themselves against credit card fraud. Sources like banks and consumer groups provide pages of information and tips. Consumers aren’t the only victims of credit card fraud. Businesses are just as vulnerable. No business wants to deal with fraud, but it can be especially harmful to small business owners. You already have a tight enough budget without having to deal with chargebacks. Chargebacks are disputed charges that are meant to protect consumers

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Affordable Legal Services for Small Businesses

25 May, 2017 / Comments:Comments Off on Affordable Legal Services for Small Businesses / By admin

You have a lot on your plate as a small business owner. One of your biggest challenges is most likely dealing with a limited amount of money. There’s a good chance that you’re constantly on the lookout for ways to cut costs. Legal services are easily one of the most expensive needs that a small business has. Both routine needs such as forming a new LLC or drawing up a contract and larger issues such as disputes or lawsuits that should be handled by a professional. Fortunately, there are ways

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5 Ways Customer Feedback Can Help Your Small Business

11 May, 2017 / Comments:Comments Off on 5 Ways Customer Feedback Can Help Your Small Business / By admin

As a small business owner, you have a lot on your plate. Between developing business strategies, implementing marketing techniques, orders and other tasks, it’s easy for other things to fall by the wayside. One area that is commonly overlooked is customer feedback. Customer feedback has the ability to give you the highest return on investment. Here are five ways it can help your small business.   You Can Improve Your Products and Services Customer feedback is a valuable tool all throughout

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Responsibly Managing Your Small Business Credit Card

27 Apr, 2017 / Comments:Comments Off on Responsibly Managing Your Small Business Credit Card / By admin

The use of small business credit cards has grown in the past few decades. They allow small business owners to cover their expenses. With proper use, a small business credit card can be a useful tool to help you grow your business. However, all too often, small business owners sink into debt as a result of poor credit card management. Learning how to manage your small business credit card responsibly is key to helping you reap the most benefits from it.   Mixing Expenses Can Be Devastating If

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What Angel Investors Are Looking for When Funding a Start Up

13 Apr, 2017 / Comments:Comments Off on What Angel Investors Are Looking for When Funding a Start Up / By admin

When you’re trying to start a new business, your options for funding can be limited, and it can be hard to accumulate the money you need to get your feet off the ground. A popular option for those just getting started is to seek help from an angel investor. Angel investors are wealthy, experienced, businessmen and women who are looking for an opportunity to invest and be involved with new businesses. Every year, they are approached by numerous hopefuls, and turn down a good portion of them. Understanding

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How Not to Waste a Small Business Tax Refund

30 Mar, 2017 / Comments:Comments Off on How Not to Waste a Small Business Tax Refund / By admin

If you’re a small business owner, you already know how tight money can be. So if you’re hanging on to a refund check (or the direct deposit receipt) after filing your taxes this year, you should count yourself among the lucky few to do so. It can be tempting to take that refund check and blow it all, but what good would that really do for you, or your small business?  Here are a few ways to reinvest your tax refund back into your small business, ensuring that you don’t waste it.   Pay

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When a Business Microloan Might be a Good Idea

16 Mar, 2017 / Comments:Comments Off on When a Business Microloan Might be a Good Idea / By admin

Microloans originally started as a form of financing used to help poor businesses that were struggling to get their start, typically in poorer countries, and was developed as an alternative to loan sharks.  Today, microloans are used all across the United States, as well as around the world, meeting the financial needs of small business owners, allowing them to start and grow their businesses.  Specific microlending programs vary from bank to bank, and many of them even offer classes on marketing,

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Turning Business Vacation Expenses into a Tax Deduction

02 Mar, 2017 / Comments:Comments Off on Turning Business Vacation Expenses into a Tax Deduction / By admin

Vacations are a wonderful thing.  They allow you to rest and recharge away from the daily stresses of work.  For many people, that long desired vacation of soaking up the sun on the beach, or exploring a new city just isn’t in the cards.  Either it’s not in the budget or you just don’t have the time.  As a business owner, you already know that you can write off travel expenses for business-related travel, but did you know that you can also write off your vacation? You just need to follow

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5 Must Read Tips to Reduce Your Small Business Tax Bill

16 Feb, 2017 / Comments:Comments Off on 5 Must Read Tips to Reduce Your Small Business Tax Bill / By admin

Tax time is here again. If you are a small business owner, you know that running your business and paying your taxes are inseparable. While it may not be your favorite time of year, tax time is unavoidable. Making one small misstep can result in an astronomical tax bill, which could potentially sink your small business. On the other hand, taking the proper steps and planning can help you to reduce your small business tax bill and keep more of the money you have worked so hard to earn.   1.  Types

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Should You Apply for an Industry Specific Loan?

02 Feb, 2017 / Comments:Comments Off on Should You Apply for an Industry Specific Loan? / By admin

Obtaining funds for your business sometimes requires a little creativity. Even after you get your business off the ground, there may still be a need for more money. Before you apply with any lender on the market, consider the benefits of an industry specific loan. These loans do not come from the general lenders on the market, but rather those who work specifically in your industry.   What is an Industry Specific Loan? An industry specific loan is one provided to you by a lender who primarily

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Free Online Tax Tools for Small Businesses

19 Jan, 2017 / Comments:Comments Off on Free Online Tax Tools for Small Businesses / By admin

The tax season is nothing to take lightly, especially when you own a small business. Paying someone to prepare your taxes might be outside of your budget, but the good news is there are free options available. The internet offers a wealth of information that can help you figure out the best way to go about your taxes this year.   Start with the IRS What better place could you start than with the IRS? Check out the IRS Virtual Small Business Tax Workshop. Not only will this course help you figure

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5 Situations When Your Small Business Can Benefit from a Revenue Share Loan

05 Jan, 2017 / Comments:Comments Off on 5 Situations When Your Small Business Can Benefit from a Revenue Share Loan / By admin

A revenue share loan is a loan structured differently than a traditional small business loan.  Rather than paying a fixed principal and interest amount each month, you pay back a percentage of your revenue until you have paid a predetermined amount.  These types of loans are very attractive to small businesses who have had difficulty obtaining a small business loan from a bank.  A great example would be, if you borrow $50,000 and your revenue share amount is 5% with a predetermined repayment multiple

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Low Cost Franchises You Can Start for $5000 or Less

22 Dec, 2016 / Comments:Comments Off on Low Cost Franchises You Can Start for $5000 or Less / By admin

Starting a business does not have to be expensive. Today you can purchase many franchises for under $5,000. The benefits of purchasing a business already in existence are numerous. You receive a successful business model with a plan that works, enabling you to make the most out of your investment. There are hundreds of opportunities out there, but here are a few businesses you can start today.   Jazzercise Jazzercise is the popular exercise program that started in 1977. Judi Sheppard Missett

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Creative Ways to Market Your Business for Free

15 Dec, 2016 / Comments:Comments Off on Creative Ways to Market Your Business for Free / By admin

Starting a business is great, but what good is it if people don’t know about you? Without sufficient customers, you won’t last very long, which is why marketing is so crucial. Unfortunately, in order to create a big marketing campaign, you often need a big marketing budget. Many businesses, particularly small ones, or ones that are just getting started, don’t have the luxury of affording big marketing strategies. If you are among those without a big budget, here are a few creative marketing

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Section 179 Deductions May Be the Best Christmas Gift for Small Businesses

08 Dec, 2016 / Comments:Comments Off on Section 179 Deductions May Be the Best Christmas Gift for Small Businesses / By admin

There are many small business owners that can now breathe a sigh of relief now that they know how much they’re able to deduct for such purchases as furniture, vehicles, computers, and machines under the Section 179 deduction. In fact, the Section 179 deduction may just be the best Christmas present that small business get all year!   What is The Section 179 Deduction? The Section 179 deduction recently raised the deduction from $25,000 to $500,000. This bigger deduction is aimed to help stimulate

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In Business Everything is Negotiable

01 Dec, 2016 / Comments:Comments Off on In Business Everything is Negotiable / By admin

You know the old saying, “everything can be negotiated”? When it comes to business this is indeed true. Having the mindset that nothing is set in stone can allow you to save big and come out a winner. You may be intimidated and think that negotiating makes you look cheap. However, that way of thinking gives you a major disadvantage. Let’s take a look at some of the best ways negotiating can save you money when it comes to your business.   Negotiating with Employees When it comes to

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Everything You Need to Know About Working Capital Business Loans

24 Nov, 2016 / Comments:Comments Off on Everything You Need to Know About Working Capital Business Loans / By admin

One important indication that your business is successful is how much money you are making. Of course, in order to run your business, you need to use this money to pay your rent (if you don’t own your store outright), insurance, utilities, vendors, any materials you need, if you make your products, plus the wages of your employees. Even if your business is booming, a working capital business loan can help you to expand by giving you the capital you need.   What is Working Capital? Working

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What to Do When Venture Capitalist Turn You Down

17 Nov, 2016 / Comments:Comments Off on What to Do When Venture Capitalist Turn You Down / By admin

As an entrepreneur, you’ve put blood, sweat and tears into your work and when you finally approach a venture capitalist you may feel you’re entirely ready. You’ve done your homework, you’ve had numerous conversations with board members, advisors, your management team, and mentors to seek advice. Chances are you received a lot of initial interest from venture capitalists who want to learn more about your business and see if it’s worth investing in. However, sadly due to the competitive environment,

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How Not to Go into Debt When Starting a New Business

10 Nov, 2016 / Comments:Comments Off on How Not to Go into Debt When Starting a New Business / By admin

Many budding entrepreneurs end up owing a lot of money on mortgages, credit cards, student loans, and cars, which can put a major damper on the possibility of business ownership. Risking everything by quitting your job to start your own business when you’re in debt by thousands of dollars is not advised. However, you don’t necessarily need to go into debt in order to become an entrepreneur. Let’s take a look at some ways you can start a business without going into debt.   Look at All of

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How to Take Your Etsy Hobby to a Full Blown Business

03 Nov, 2016 / Comments:Comments Off on How to Take Your Etsy Hobby to a Full Blown Business / By admin

Running your own company is extremely difficult and doing so on Etsy is no exception. However, the good news is that setting up your Etsy shop is quite simple, there are over 1 million people that use the platform and the fees for selling your homemade goods on Etsy are relatively low—20 cents for a listing and 3.5 percent of the profits. Although you may just be small time now, if you put the work in, you can make your Etsy hobby a full blown business. All it takes is commitment and the right

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5 Entrepreneurs That Dropped Out of College and Became Successful

27 Oct, 2016 / Comments:Comments Off on 5 Entrepreneurs That Dropped Out of College and Became Successful / By admin

Attending college is a major decision that takes a lot of thought and preparation, but for some the big decision is not about where to attend college, rather if they will attend college at all. This is especially the case with the ever-rising cost of tuition and the potentially massive student loan debt that often comes with attending four years of undergrad. On top of this, although college graduates on average make 60 percent more than high-school graduates, that doesn’t mean that there aren’t

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4 Ways to Lessen the Damage from a Late Loan Payment

20 Oct, 2016 / Comments:Comments Off on 4 Ways to Lessen the Damage from a Late Loan Payment / By admin

Even the most successful business owner can find himself in financial trouble due to circumstances outside of his control. Expenses that come out of nowhere, customers that do not pay their bills, and uncontrollable external events can affect your income. When this happens, you might have trouble paying your bills on time. Here are four ways to lessen the damage that a late payment causes for your business.   1.  Talk to Your Lender The first thing you should always do is talk to the lender.

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Top Financial Planning Tools for Small Businesses

13 Oct, 2016 / Comments:Comments Off on Top Financial Planning Tools for Small Businesses / By admin

It is often the case that financial planning tools are overlooked as a valid way to increase a small business’s bottom line. The truth is that financial planning tools have the ability to transform your business’s operations, lower costs, increase profit margins and improve productivity. It is imperative that small business owners take full advantage of the right financial planning resources and tools so that they are better able to plan their business’s future success. Here are the top financial

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Fastest Way to Establish Small Business Credit

06 Oct, 2016 / Comments:Comments Off on Fastest Way to Establish Small Business Credit / By admin

Establishing business credit is a critical component for any small business that is trying to get off of its feet. Doing so will help you to keep your business and personal credit separate and you will have the advantage of having good business credit even if your personal credit is lacking. Additionally, it shows separation between the business and the owner. However, establishing business credit is easier said than done. Let’s take a look at the fastest way to establish business credit. Keep

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Things to Consider When Choosing a Small Business Retirement Plan

29 Sep, 2016 / Comments:Comments Off on Things to Consider When Choosing a Small Business Retirement Plan / By admin

When it comes to securing your finances as a small business owner, a retirement plan may not be the first thought in mind. However, having the correct strategy for retirement can save you a lot of time and money, helping you achieve the right plan that fits in with your future, whatever it may be. Due to each small business being unique and different from the next, there are several factors that come into play when determining the perfect plan. Positives and negatives are present within each plan,

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5 Best Ways to Make Your Business Loan Work for You

22 Sep, 2016 / Comments:Comments Off on 5 Best Ways to Make Your Business Loan Work for You / By admin

You are excited to hear that you finally got approved for your business loan that you desired. Your mind races with all of the possibilities of what you can do with the money. Before you even take possession of the money, though, you should have a plan in place so that you can make the most of your new business loan. Here are five ways to make sure your loan benefits you the way you always envisioned rather than getting wasted.   1.  Forget the Money is There Many business owners make the mistake

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5 Tips to Protect Your Business from the Negative Effects of Inflation

15 Sep, 2016 / Comments:Comments Off on 5 Tips to Protect Your Business from the Negative Effects of Inflation / By admin

Inflation sets your business up for a potential loss in the future if you are not careful. The rise in the price of goods suddenly makes your dollar a little weaker. Cash is the biggest loser during inflation, which is why it is a good idea for most businesses to steer away from cash assets and focus on diversified investments to hedge against inflation. There are several other ways to properly prepare your business for inflation as well, enabling you to take advantage of the market and those businesses

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The Pros and Cons of No Collateral Business Loans

08 Sep, 2016 / Comments:Comments Off on The Pros and Cons of No Collateral Business Loans / By admin

No collateral business loans, as the name suggests, enables you to get money for your business without putting down any collateral. At first glance, this sounds like the perfect situation. Funding with no risk of losing your assets down the road? Sign you up, right? Before you go running for the nearest lender, you should understand both the pros and the cons of this method of financing.   Pro – Get Cash Fast No collateral business loans usually make it through the approval process much

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How to Determine if Your Business Can Afford a New Loan

01 Sep, 2016 / Comments:Comments Off on How to Determine if Your Business Can Afford a New Loan / By admin

Continually having the capital to keep your business running can be a hard task to accomplish, which sometimes means that you need a new loan to keep things going. Just like a personal loan, your business has to qualify for a business loan. How do you know if you qualify for it? The most important step is determining the affordability of the new loan.   What Is Your Debt Service Coverage Ratio? The most important factor in whether or not you can afford a new business loan is to determine your

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Getting a Loan When Your Business Partner has Bad Credit

25 Aug, 2016 / Comments:Comments Off on Getting a Loan When Your Business Partner has Bad Credit / By admin

Choosing the right business partner can make or break your business. Not only do you want someone that is dependable and invested in the business, you want someone that has good credit so your company can continue to grow. Unfortunately, this is not always the case; it is kind of like having your cake and eating it too. If you found the best business partner because of his business knowledge and expertise, but his credit is far from perfect, there are ways to still get the loans you need without

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7 Apps Small Business Owners Must Have

18 Aug, 2016 / Comments:Comments Off on 7 Apps Small Business Owners Must Have / By admin

When it comes to running your business, there are always problems to solve and new tasks to complete. Whether you are paying employees or charging customers, staying organized and efficient is easier when using a helpful mobile or desktop application. Owners are now able to enhance their workflow with apps that enable the charting of new ideas, enhancing communications, and improving customer service. Here are the top seven apps small business owners must have.   1. QuickBooks Finances can be

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How to Get a Business Loan after Bankruptcy

11 Aug, 2016 / Comments:Comments Off on How to Get a Business Loan after Bankruptcy / By admin

Although bankruptcy can be damaging to your credit, it does not signify the end of the road in receiving a business loan. Causing applicants to be left in a constant state of repayment, bankruptcy is often conceived as a financial death sentence. However, bankruptcy only lasts on someone’s credit report for 7-10 years and will often require a far less waiting period before loan acceptance. Also, business loans can operate differently than personal loans or mortgages in the fact that they rely on

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Tips to Help Increase Your Business Credit Score

04 Aug, 2016 / Comments:Comments Off on Tips to Help Increase Your Business Credit Score / By admin

Business credit scores are not the same thing as consumer credit scores, which means different factors are taken into consideration in order to create them. What works for your personal score might not work for your business score. Here are some tips on how to get your business score up to where lenders want to see it, making you a good risk for certain business loans.   Ask Vendors to Report Your Payments Not all vendors report to business credit reporting agencies. If you make your payments

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The Best Payroll Companies for Small Business Owners

28 Jul, 2016 / Comments:Comments Off on The Best Payroll Companies for Small Business Owners / By admin

It’s crucial that your employees are paid on time each and every month, so that your business complies with the ACA, and that you properly track your attenda, PTO, etc. This task may seem a bit daunting, especially to new small business owners. However, a payroll company can aid you in streamlining these tasks by automating most of the work. This will give you peace of mind, while allowing you to free up time so you can run your business. Although some payroll companies can be quite pricey, hiring

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Ways to Stay Motivated as a Business Owner

25 Jul, 2016 / Comments:Comments Off on Ways to Stay Motivated as a Business Owner / By admin

Once you’ve established your business and the thrill of getting it up and running has worn off, you may find yourself with quite a few challenges that you have to work through. It can be tough to stay motivated to keep your team going strong and your business thriving. Although being the owner of your own establishment has major benefits, there are times when it can feel like an uphill battle and you need to remind yourself why you decided to become an entrepreneur. Let’s take a look at ways

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10 of the Best Places in America to Start Your New Business

21 Jul, 2016 / Comments:Comments Off on 10 of the Best Places in America to Start Your New Business / By admin

It is not enough to have a great idea to start a business – you have to find the right place to start that business if you want to reach success. As a part of your research into your target audience, you need to figure out where that audience is located. Here is a list of 10 of the best places in America to start most businesses.   Austin, Texas With a population of 1.7 million, Texas is known for everything “big.” The funny thing is that this city is comprised of a great number of small,

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How to Find Grants for Small Business Owners

18 Jul, 2016 / Comments:Comments Off on How to Find Grants for Small Business Owners / By admin

Finding money to start your small business can seem like an impossible feat. How do you get started when you do not have any resources to get you up and running? If you do not want to get a loan and add to your debt load, you may feel you are stuck in your quest to get started. While there are not a ton of grants available for small business owners, there are some that can help you get started, but you have to know where to look.   Try Checking Grants.gov Start by checking grants.gov. This is

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The Different Types of Collateral Used for Small Business Loans

14 Jul, 2016 / Comments:Comments Off on The Different Types of Collateral Used for Small Business Loans / By admin

There are many things that can be used as collateral for a small business loan as almost anything can serve such a purpose as long as a lender accepts it. Often times, business owners put collateral behind their loan in the case that they do not have a stellar credit rating or would like to receive a lower interest rate and better terms. Loans are usually only as strong as the collateral that is put behind it. If you are a small business owner, then you may be wondering what kinds of collateral

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How Business Credit Loans Help You Grow Your Business

11 Jul, 2016 / Comments:Comments Off on How Business Credit Loans Help You Grow Your Business / By admin

Business credit loans do more than provide you with money you need to grow your business; they also provide you with the reputation that vendors, customers, and partners want out of a business. Your business credit profile can be public knowledge, unlike your personal credit information, which means anyone that wants to potentially do business with you has the ability to look up your reputation in terms of your credit rating to determine if they should do business with you.   Business Credit

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Tips on How to Get a Business Loan as a Sole Proprietor

07 Jul, 2016 / Comments:Comments Off on Tips on How to Get a Business Loan as a Sole Proprietor / By admin

Owning a business as a sole proprietor is the most common way to start out. As a sole proprietor, you run the business by yourself and there is no line between you and the business itself, meaning that you are liable for anything the business does or owes. If you need capital to get up and running, you might have a little more work to do than any other business form due to the fact of the liability that a single owner can cause. Here are some tips to get that loan that you need.   Use Angel

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Benefits of Getting a Business Loan from a Small Bank

04 Jul, 2016 / Comments:Comments Off on Benefits of Getting a Business Loan from a Small Bank / By admin

When it comes to banking, the big are getting bigger while the small, community banks stick to their roots. Although these small community banks have just come out of the woods after the financial crisis, there are many hidden benefits of taking out a small business loan from these smaller banks. You’ll find small banks in every town and city in the United States making them an extremely convenient option for your small business lending needs. In fact, the Independent Community of Bankers of America

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Top 10 Books on Business Financing

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

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 admin

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 admin

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 admin

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 admin

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 admin

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 admin

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 admin

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 admin

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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How do Hard Money Loans for Small Businesses Work?

30 May, 2016 / Comments:Comments Off on How do Hard Money Loans for Small Businesses Work? / By admin

Money does not always have to come from a bank in order to fund a business. Those businesses that cannot get a standard loan are not out of luck; they just need to go alternate routes, such as hard money loans. These loans are funded by private individuals or companies that have the money to lend out to people that run a small business and have collateral to provide in the event that they stop paying on the loan. The process of obtaining a hard money loan is much simpler than going through the underwriting

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Tips for Funding Your Business with Peer to Peer Lending

26 May, 2016 / Comments:Comments Off on Tips for Funding Your Business with Peer to Peer Lending / By admin

Whether you are looking for funds to get your startup off of its feet or if your established business has hit a rough patch in terms of sales, sometimes you need a little extra cash to tide you over. Peer to peer lending works by helping savers who are looking for a better rate of return and businesses that need financing. However, before you dip your feet into this type of borrowing method, it’s best to follow these tips to fund your business successfully using P2P lending. Here are five tips

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Financing Options for a First Time Business Owner

23 May, 2016 / Comments:Comments Off on Financing Options for a First Time Business Owner / By admin

Traditional loans can be hard to obtain when you are a first-time business owner. Without excessive capital and a credit history as a business, not many banks are going to offer a large number of business loans to get you started. Luckily, there are several other options available out there to help you get the money you need to get your business up and running.   Check with the SBA The SBA (Small Business Administration) is a great place to start your search for a small business loan. They offer

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How to Increase Restaurant Sales Without Advertising

19 May, 2016 / Comments:Comments Off on How to Increase Restaurant Sales Without Advertising / By admin

Driving your food and beverage sales doesn’t necessarily require you to have a big-time marketing budget. In fact, you can boost your restaurant sales without any advertising at all. There are countless ways to promote your restaurant and increase your sales without pouring money into a marketing budget. Here are just a few effective and cost-efficient ways to do so.   Hold Business Socials at Your Restaurant  If you find the right company to partner with, business socials are an excellent

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How to Expand Your Business into Other States

16 May, 2016 / Comments:Comments Off on How to Expand Your Business into Other States / By admin

Expanding your business into other states is an exciting, yet overwhelming time for your business. If you are ready to expand into other markets, it likely means that your business is doing well and expanding will give you the opportunity to increase your exposure and ultimately your sales. The important factor is that you go about the process the right way or your plan could backfire on you, hurting your current business. Here are a few ways to get your business into other states, both near and

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How to Get a Small Business Loan for Expansion

12 May, 2016 / Comments:Comments Off on How to Get a Small Business Loan for Expansion / By admin

Plain and simple—you need cash to operate your small business. However, the reality is that often your cash influx is erratic, making it tricky to meet your payroll or cover all of your expenses. Loans often play a significant role in the prosperity of small businesses, as they offer an instant supply of funding to ensure that business activity goes smoothly. However, a business loan is also an excellent tool for those who are looking to expand their company. If you are interested in growing your

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Financing Options for a First Time Business Owner

09 May, 2016 / Comments:Comments Off on Financing Options for a First Time Business Owner / By admin

For first-time small business owners who have a lot of money in their savings account, the hardship of starting a business only lies with coming up with a good idea for one. However, the reality is that many new business owners are faced with the opposite problem—they have a great business idea, but no capital to fund it. Overcoming this financing hurdle is even trickier because first-time business owners are often turned away from a traditional business loan. However, all hope is not lost as you

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Best Payroll Loans for Small Business

05 May, 2016 / Comments:Comments Off on Best Payroll Loans for Small Business / By admin

When considering a payroll loan, it’s crucial that you understand the various options that you have available to you to fund your small business. A payroll loan is a short-term, small loan that is unsecured. Here is an overview of the different kinds of payroll loans that you should consider when you are in need of working capital.   SBA Guaranteed Loan The term “SBA” often leads small business owners to be confused, as the Small Business Administration is not actually the one that lends

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How to Get Government Loans for a Small Business

02 May, 2016 / Comments:Comments Off on How to Get Government Loans for a Small Business / By admin

Running a small business means you are in need of a decent amount of funds. Whether those funds are used to get you started, to purchase equipment, or to make improvements to your business property, there is a government loan available. The loans, called the government small business loans, are offered by individual lenders, but are backed by the government. This means that the government will repay the lender should you default on your loan. This makes it much easier for lenders to take the risk

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Alternative Financing Options to Save your Small Business

26 Apr, 2016 / Comments:Comments Off on Alternative Financing Options to Save your Small Business / By admin

The financial crisis that our country experienced recently has left many banks without the desire to lend out money like they used to do on a regular basis. Due to this, many small businesses are suffering when it comes time to get a hold of money in order to expand their business or even to save it from destruction. Rather than losing your business, consider these alternative financing options that lead you the opposite way of the standard bank, but provide you with the capital that you need.   Online

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How to Save Your Small Business with Credit Cards

19 Apr, 2016 / Comments:Comments Off on How to Save Your Small Business with Credit Cards / By admin

If funding is short for your small business, then don’t panic just yet. Did you know that the creation of Google was made possible by two Stanford University students spending $15,000 across three credit cards to purchase disk space to accommodate their search engine? The world’s most popular search engine would not be possible if its founders gave up due to a lack of cash. Although your small business might not be the next world-altering startup, obtaining a credit card may just be what your

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How to Stop Your Small Business from Running Out of Money

12 Apr, 2016 / Comments:Comments Off on How to Stop Your Small Business from Running Out of Money / By admin

Having your own business is simultaneously one of the most fulfilling and most difficult jobs possible. It’s an outstanding accomplishment to have control over your own employment. However, when you start seeing signs of your cash flow drying up, either through a slower sales cycle, unforeseen competitor, or uncontrollable expense, then you may not be feeling so lucky. That being said, it’s not the time to throw in the towel just yet. Here are some tips to stop your small business from

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6 Failure Points for Startups to Avoid

05 Apr, 2016 / Comments:Comments Off on 6 Failure Points for Startups to Avoid / By admin

Studies show that only half of new businesses make it through the first five years successfully. Those are some scary statistics if you are just starting out. How do you prevent yourself from becoming a part of the half that does not make it? You can start by avoiding these six failure points.   1.  Not Offering a Unique Opportunity Copying what is already out there is not going to make you the “next big thing.” You need to be unique. This does not mean that you cannot capitalize on a great

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6 Tips for Getting a Business Loan with Bad Credit

29 Mar, 2016 / Comments:Comments Off on 6 Tips for Getting a Business Loan with Bad Credit / By admin

Many small and even medium-sized companies require additional capital in the first years of operating to overcome a lack of cash flow, enter into new markets, or expand their product line or services. As a business owner, you may find yourself in the position of needing capital without the necessary credit score to do so through traditional means. However, if you have not had the chance to establish a strong business credit history or if your personal credit score is lacking, then all hope is not

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Traits to Look for When Hiring Your Startups Leadership Team

22 Mar, 2016 / Comments:Comments Off on Traits to Look for When Hiring Your Startups Leadership Team / By admin

Ask any founder of a startup and they’ll tell you that the success of their company primarily relies on putting together a rock solid leadership team to stand behind them. To give your startup the best chance of achieving greatness, you must have people behind you whom you can fully rely on and who believe in your mission. When just getting started, a strong leadership team is the building blocks to your startup’s success, but how exactly do you pick the right people to be on your staff? Let’s

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5 Critical Small Business Accounting Challenges to Avoid

15 Mar, 2016 / Comments:Comments Off on 5 Critical Small Business Accounting Challenges to Avoid / By admin

Keeping accurate books is one of the most challenging factors of running a successful company. It is also one of the most critical. Making an accounting error can be incredibly damaging—even detrimental—to businesses. However, accounting mistakes are surprisingly commonplace. Sadly, keeping the books is not a skill you can just persevere through to ensure that you get it right. Here are the five most typical accounting mistakes that small businesses face and the ways that you can easily avoid

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Options When You Can’t Pay Your Small Business Taxes

08 Mar, 2016 / Comments:Comments Off on Options When You Can’t Pay Your Small Business Taxes / By admin

One of the worst things about tax season is stressing out about what the final number will be on what your small business owes. If it turns out that you are unable to pay your small business taxes fully, then all hope is not lost thanks to low-interest rates and tax policies that will allow your company to stay afloat. From agreements to installment plans to extensions, there are several ways that you can dramatically lower how much you have to pay. Let’s take a look at some options your small

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5 Important Things to Look for in a Business Credit Card

01 Mar, 2016 / Comments:Comments Off on 5 Important Things to Look for in a Business Credit Card / By admin

Many small business owners take out a business credit card, as it is can be an easier way to gain access to capital than a business loan. If you are considering this option to obtain capital for your company, then there are several factors you must look at to find the best one. Let’s take a look at five things to look for in a business credit card to get the best deal out there.   1.  The Annual Percentage Rate (APR) Although it can be easier to take out a business credit card rather than

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Keeping Your Small Business Cash Flow Balanced

23 Feb, 2016 / Comments:Comments Off on Keeping Your Small Business Cash Flow Balanced / By admin

The problem is that the difference between money owed and money received for small businesses is often overlooked, which can lead to significant cash flow issues. Just as problematic is small business owners who are overly eager to pay off their invoices when they come in. If you are not willing to be in control of your cash flow, then you put your small business at risk for not having enough cash reserves to survive difficult financial times. However, the good news is that by learning to balance

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Top 7 Things Investors Look at Before Investing in a Startup

16 Feb, 2016 / Comments:Comments Off on Top 7 Things Investors Look at Before Investing in a Startup / By admin

Starting up your business typically takes many resources, aside from those you can provide. You might have the idea, but without the funds, it is impossible to get things going. The good news is that there are investors out there looking to fund startups, but you have to have the right tools and plans in order for them to consider your business.   1.  Business Plan You have to look serious about your business, which means starting with a business plan. This should be in writing and include

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5 Challenges and Solutions to Getting a Business Bank Loan

09 Feb, 2016 / Comments:Comments Off on 5 Challenges and Solutions to Getting a Business Bank Loan / By admin

Nobody likes to be rejected. Whether you get turned down by someone you love or from a bank, it is not a great feeling. If you are a small business owner, then you likely know the challenges of obtaining a loan from a bank. In fact, in 2014 only half of small companies that applied for a loan received funding according to one study done by the Federal Reserve Banks. We’ve put together a list of challenges that small businesses face when they wish to obtain a small business loan from a bank, as

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6 Alternative Funding Options that May Be Right for your Small Business

02 Feb, 2016 / Comments:Comments Off on 6 Alternative Funding Options that May Be Right for your Small Business / By admin

Funding a small business does not have to mean large business loans and extremely high interest rates. There are many ways you can get the money you need without stepping foot in a bank or filling out an application. The key is to be creative and think outside of the box. Look at the resources around you and determine how you can use them to your advantage to get the funds necessary to get up and running or even to keep your business going.   1.  Angels Come from Everywhere Angel investors

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The Importance of a Strong P&L Statement When Seeking a Business Loan

25 Jan, 2016 / Comments:Comments Off on The Importance of a Strong P&L Statement When Seeking a Business Loan / By admin

As a small business owner, you are likely constantly looking for ways to make your company more profitable. One way to do this is to use a small business loan to put towards investing in your business, whether through hiring new employees or purchasing new equipment. However, obtaining a small business loan is easier said than done, as many factors go into whether or not you can meet the criteria for one. That being said, one solid way to ensure that you can snag a small business loan that has favorable

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7 Factors to Consider When Determining Your Company’s Working Capital Needs

22 Jan, 2016 / Comments:Comments Off on 7 Factors to Consider When Determining Your Company’s Working Capital Needs / By admin

Working capital is one of the trickiest financial concepts for a business owner to get a handle on. The truth is the term can mean a lot of different things to different people. However, the definition of ‘working capital’ is the amount that assets exceed liabilities. Let’s take a look at seven factors to consider when determining your small business’s working capital needs.   Business Cycle Your need for working capital is impacted by different stages of your business cycle. During

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Most Creative Ways to Finance your Startup

20 Jan, 2016 / Comments:Comments Off on Most Creative Ways to Finance your Startup / By admin

If you have the “next best idea” to create a booming business, the only other thing you need is the capital to start. This is the stumbling block for many people that do not have adequate liquid assets to get things going. Luckily, outside of savings accounts and personal loans, there are many creative ways to get the funds you need and to let the world see your true potential. Sell your Product Before You Have It This might sound risky, but if you have a product that creates excitement in anyone

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