Why Do Most Small Business Fail? Small business ownership is the lifeblood of the American economy with over 99% of companies being classified as a small business. Entrepreneurs take the risky leap into working for themselves, and there is a lot of passion, time, and money…
As a small business owner, you are faced with endless options for business funding. You’ve probably considered a bank loan, a line of credit, an online loan, crowdfunding, bootstrapping, or even a merchant cash advance. Maybe you’ve even considered receivables funding like invoice factoring. There is…
You’ve decided to start a business. This is exciting! You have a few names bouncing around in your head and a product that you can’t wait to share with the market. Now it’s time to slow down and make this vision a reality, and a profitable…
Running your own business is stressful. It can be hard to define a healthy work-life balance when you are the owner. With all the passion, independence, and leadership roles comes stress. Yet, the majority of small business owners would do it again. So how can an…
A traditional bank loan, a second mortgage, and a Small Business Administration loan are all great financing options for your new or existing business. The catch is the high standards for approval, personal liability, and the time it takes from application to first funding. What can…
Is your company’s business credit holding you back from the financing you need? Business credit is an important but frustrating part of having your own business. What Is Business Credit? Business credit is a lot like personal credit. Having a strong business credit score will open…
One of the biggest challenges facing small and mid-sized businesses is cash flow. Many are the times when this category of businesses land on opportunities but are not in a position to fulfill them. In fact, it has been established that this has led to the…
Any new business will face some obstacles to business growth. Here are some tips for startup business owners to stay competitive and dominate their market. Market Research: Are you fulfilling a need for your clients that they cannot fill somewhere else? What is your competitive advantage…
Small businesses are the largest contributor to business actions in the United States. In fact, 99.7% of all business is accounted for by the work of businesses with less than 500 employees. Even though they are the backbone of business transactions across the nation, there can…
If you are considering starting a small business, you have likely weighed the advantages against the risks. However, if you are a first-time business owner, you might not know all the nuances involved with a venture like this. Below is a list of some tips to…